Hong Kong-listed L’Occitane to buy skincare brand Elemis for $900m

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L’Occitane said the acquisition will help bolster its growth globally and Elemis will leverage on the acquirer’s geographical presence to expand into new markets.

L'Occitane

Indian IT major Infosys drops plan to sell Panaya, Skava

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Panaya was among Infosys’ most ambitious buys that eventually became a bone of contention between founder Narayana Murthy and the then CEO and MD Vishal Sikka.


Viacom said to be in talks to sell majority stake in China operations

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The move comes as the media conglomerate runs into trouble trying to scale its operations in the country after more than two decades of business there.


Qatar Investment Authority targets to raise its investments in US to $45b

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This is part of its move to rebalance its portfolio of assets away from Europe.


Indonesia’s Medco Energi could offer $436m for Britain’s Ophir

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Analysts have said a deal with Ophir would boost Medco’s valuations and help it gain access to international assets.


India’s debt-laden carrier Jet Airways to resume talks with Tatas for bailout

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Acquiring Jet Airways’s business could give Tata Group’s fledgling aviation unit a shot at dominating the fast-growing air-travel market.


India Digest: Promoter may sell Eveready; Grover Zampa eyes USL, HCC wine assets

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The promoter owns 45% of Eveready and is said to have mandated Kotak Mahindra Bank for the potential sale.


OUE Lippo Healthcare acquires stakes in two Myanmar firms for $19.5m

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OUELH will acquire a 40% stake in Yoma Siloam Hospital Pun Hlaing, which operates three hospitals, one medical centre and two clinics, and a 35% stake in Pun Hlaing International Hospital.


Macquarie, CLP in race to acquire PTC India wind power assets

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PTC India Ltd’s wind power business may be valued at around ₹2,000 crore.


India Dealbook: HT Media backs Digiperform; Amazon buys Infosys-backed CloudEndure

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Digiperform, owned by Digital Performance Media Pvt. Ltd, will use the funds to accelerate its growth in the market and build brand awareness.