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Effective due diligence is a critical step for any successful merger, acquisition or investment deal. A detailed and accurate due diligence helps in identifying and analysing the opportunity and the risk involved in any transaction. It also helps in strengthening negotiating position by gaining more information about the position, composition and structure of the target company.
This due diligence masterclass will equip you with expertise to investigate and analyse the financial, legal, taxation, commercial and HR aspects of a company to acquire, merge or invest in. You will get practical know how which you can put into practice to enable your organisation achieve intended business goals. At this prestigious knowledge session, you would hear and interact with the industry’s best experts and learn from their varied experiences and the case studies of successful deals they have done across the industry.
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For 105 years, the Hinduja family stayed together. Now they are falling out
Once close-knit, a feud between the four brothers of the Hinduja family, counted amongst the richest people in the world, is finally out in the open, threatening to split their $13.1 billion empire. The Hinduja family empire spans 48 countries across automobiles, telecommunications, healthcare, defence, and financial services among others, employing some 150,000 people. Read More
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Wirecard's collapse reveals cracks at the heart of Germany, Inc
One of the country's biggest public companies was brought down by an accounting scandal, another was forced to pay out billions in damages, and poor working conditions at a leading family-owned meat packing firm were dragged into public view by a huge Covid-19 outbreak. Read More
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India: Six of top-10 firms add Rs 92,130.59 crore in m-cap
Six of the 10 most valued Indian companies together added Rs 92,130.59 crore in market valuation last week, with Tata Consultancy Services emerging as the biggest gainer. HDFC Bank, HUL, Infosys, Kotak Mahindra Bank and ITC also witnessed a jump in their market capitalisation (m-cap) for the week ended Friday, while Reliance Industries, HDFC, Bharti Airtel and ICICI Bank finished with losses. Read More
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Bangladesh: BSEC takes a tough line on IPO scrutiny
The securities regulator is scrutinising the IPO proposals very carefully for the sake of investors and the capital market. "Companies willing to go public have no scope of getting the regulatory approval providing any false information with the IPO (initial public offering) proposal," said a top official of the securities regulator. Read More
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Catalyzing Online Dispute Resolution In India
NITI Aayog, in association with Agami and Omidyar Network India, brought together key stakeholders in a meeting for advancing Online Dispute Resolution(ODR) in India. ODR is the resolution of disputes, particularly small- and medium-value cases, using digital technology and techniques of alternate dispute resolution (ADR), such as negotiation, mediation, and arbitration. While courts are becoming digitized through the efforts of the judiciary, more effective, scalable, and collaborative mechanisms of containment and resolution are urgently needed. ODR can help resolve disputes efficiently and affordably. Read More
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Opinion: Co-op banks under RBI, right move
The government took an important decision last week to bring the country’s co-operative banks under the supervision of the Reserve Bank of India (RBI). It is a welcome, though belated, step. The ordinance brought 1,482 urban co-operative banks and 58 multi-state co-operative banks under the scrutiny of the RBI, which will now have the same powers of supervision over them as on scheduled banks. There are 8.6 crore depositors in these banks with deposits of about Rs 4.85 lakh crore and many of these are in rural or semi-rural areas. Read More
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Capital is essential for any business function, be it product innovation, business expansion or building a strong team. Besides traditional funding sources, Private Equity and Venture Capital are the most important sources for companies with high growth potential. PE & VC not just help businesses to scale up but also empower them with strategy and provide them mentorship to deal with the critical phases. What matters for every company is the right investment at the right time to make them big and successful and the examples are Flipkart, Paytm, Ola, Swiggy, and many other new age companies.
Over the years, India has emerged as a promising investment destination for PE/VC funds. But funds are also very cautious in making qualitative decisions. In fact, sustainable and scalable business models are becoming a priority.
Given the current COVID-19 Crisis, it is important to understand the emerging issues across business sectors and its impact on PE/VC deals. ET Masterclass’s upcoming workshop will equip delegates decode key takeaways from Government’s measures and their impact on commercial transactions; how potential sellers should ready themselves to handle M&A in these times to raise funds to set up or expand their companies, Exit planning and process including potential routes.
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Methods of Lending & Quality of Lending has to Improve: SBI chief
Addressing the MSMEs from across the country over a webinar conducted by CII, Rajnish Kumar , chairman at SBI, and Uday Kotak acknowledged that while MSMEs are more vulnerable to stress in the external environment, they said that the financing to the segment needs to improve. Kumar said that evolution of digital technology at banks will play a big role in easier lending to MSMEs as it is making it easier for banks to verify the credentials of MSMEs and is making the assessment easy. Read More
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Franklin Templeton''s shut schemes receive Rs 1,964 cr
Franklin Templeton India''s President Sanjay Sapre has told investors that its six debt schemes which are being wound up have received Rs 1,924.21 crore from routine proceeds including maturities, pre-payments and coupon payments since the announcement of the closure of the funds in April. "From April 24, 2020 to June 15, 2020, the schemes have received Rs 1,964.21 crore from maturities, pre-payments, and coupon payments," Sapre said in a letter addressed to the investors. Read More
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SoftBank’s Founder Masayoshi Son Steps Down from Chinese E-Commerce Firm Alibaba’s Board
The billionaire told shareholders in Tokyo he’s leaving just as Alibaba co-founder Jack Ma himself quits SoftBank’s board, but that didn’t signify any disagreements between the two billionaires. Alibaba, in which SoftBank invested early on and is now worth roughly $600 billion, remains the crown jewel of the Japanese company’s portfolio, Son emphasized. Read More
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Mukesh Ambani says after 'Unprecedented' Fund Raising, RIL Working to Close Aramco Deal
Reliance Industries (RIL) raised Rs 168,818 crore in two months through the country’s largest ever rights issue and series of stake sale deals in its arm Jio Platforms, delivering on a promise given to shareholders in August last year. The company is now working on delivering another promise-- stake sale in its oil-to-chemicals business to Saudi Aramco. Read More
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India Inc can do E-Board Meetings for 3 more months
The Ministry of Corporate Affairs (MCA) has given three more months for independent directors to register in the online databank launched in December last year. Independent directors of companies had to register by June 30 this year, but can now do so till end of September, the MCA has said. Read More
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SEBI Relaxes Pricing Rules for Preferential Issues of Listed Companies
At its board meeting, the markets regulator decided to provide an additional option to the existing pricing methodology for preferential issuance. As per the new pricing formula, the price for allotment of shares under preferential issue will be volume weighted average of weekly highs and low for 12 weeks or two weeks--whichever is higher. Read More
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