M&A
Bigger role seen for financial centres like Mumbai in India and Sao Paulo in Brazil
Reuters With developed economies struggling and emerging markets thriving, more and more financial deals are being cut well away from the traditional centres. Rising trade between emerging economies, cross-border mergers, acquisitions by Indian and Chinese companies and moves by developing world businesses to raise capital in each other’s markets will spur growth of financial centres [...]
Latin America: India’s next frontier
Image via Wikipedia I think the India-Latin America trade corridor is one of the last frontiers in business. India does more trade with Africa – 2-way flows about $40 billlion, which has a fraction of the overall GDP($2,5Tn at PPP) compared to Latin America (almost $6Tn at PPP) – 2-way flows about $16billion. So, the [...]
Indian Companies See Growth Opportunities In Latin America
Latin America gets almost zero coverage in the Indian media, who is affliced with extreme ‘SouthAsianitis’ in their news coverage. Many Indian executives have never seen a visual of the region. The occasional coverage is the annual carnaval in Rio, the World Cup every 4 years featuring plenty of LatAm teams, and the anti-yankee rants [...]
India’s Ybrant Digital acquires Argentine
Business Standard Ybrant Digital, a Hyderabad-based provider of digital marketing solutions, has acquired dream ad, an Argentine advertising network company, in all all-cash deal for an undisclosed sum. The acquisition, its fifth so far, will give Ybrant access to the Latin American region by adding four more countries – Argentina, Chile, Uruguay and Mexico – [...]
Top Indian IT companies to tide over slump
The Economic Times At a time when customers in the US and Europe are tightening their ITbudgets, leading Indian tech firms are betting on their huge pile of cash to steer through the global economic crisis and also to explore M&A opportunities in a world reeling under severe liquidity crunch. Each of the top six [...]
TCS to acquire Citigroup Global Services for $505 mn
livemint.com IT major Tata Consultancy Services today said it will buy Citigroup Inc’s India-based outsourcing arm for an all cash deal of around $505 million. TCS has signed an agreement with Citigroup Inc to acquire all of Citi’s interest in Citigroup Global Services Ltd, the company said in a release.Citigroup Global Services Limited (CGSL) is [...]
Why India Offers ‘An Extraordinary Opportunity for Spanish Investors’
Some good insights that can be used by LatAm investors and biz executives as well. Knowledge@Wharton In an interview with Universia-Knowledge@Wharton, Jyoti Gupta, professor of finance at the ESCP-EAP business school in Europe and former dean of the Asian Institute of Technology, analyzes India’s business ties with Spain and Latin America, focusing on the legislative [...]
Lupin buys Hormosan Pharma to enter German market
Yahoo! India News Pharma major Lupin Limited has acquired Germany-based medicine marketing company Hormosan Pharma (Hormosan), to cater to the German market that is veering towards low-cost, insurance payout-controlled medicine. Hormosan specialises in the supply of medicines for nerve-related illnesses (CNS) and reported sales of Rs 45 crore for the year ended December 2007. It [...]
ITC to pump in Rs 8,000 crore for business growth
The Financial Express Chairman YC Deveshwar said ITC would be looking for growth in every business that it is in, including some new ones. Meanwhile, the company reported an 18% growth in net turnover to Rs 3,900 crore for the quarter to June 30, 2008, with the main driver being the non-cigarettes business as the [...]
India’s JK Tyre buys Mexico’s Tornel for 2.7 billion rupees
Forbes.com India-based JK Tyre & Industries Ltd. said it has bought Mexican tyre company Tornel and its units for 2.7 billion rupees — JK’s first international acquisition.
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