Yogesh Kulkarni’s Post

Thursday,14 March, 2024 Here are today's PESTLE updates impacting your areas of work execution Economic times √ Investors Warm up to Vi, but Put the Call on Hold Amid Stock Fluctuation √ India’s Capex Cycle to Continue: Morgan Stanley √ Rlys Raises FY25 Loco Production Target by 27% √ Federal, South Indian Banks Stop Issuing Co-branded Cards Post Changes in Rules √ IIFL Fin Board Clears ₹2,000 cr Fundraise √ PM Gati Shakti National Master Plan Launched for Coal Sector ==================== Mint √ Chip plants to make India a hub, foster innovation’ √ Fintech firm Perfios turns unicorn, bags $80 mn from TVG √ Markets plunge, worst day in 2 yrs for small-caps √ Yes Bank looks for a new owner, may sell up to 51% Sale will give exit to SBI, LIC, others which had come in as shareholders in 2020 √ Fitch raises India FY25 GDP forecast to 7% from 6.5% =================== Financial times √ Moody’s quits Canary Wharf √ EY’s new boss shuffles leadership roles and plans cost cuts √ Hollywood power broker splits with UTA over $950,000 ‘special expenses’ fund √ Nestlé shareholders call on food giant to reduce reliance on unhealthy products √ Biden set to voice concerns over Nippon Steel takeover of US Steel √ US held secret talks with Iran over Red Sea attacks ==================== Business standard √ Phonepe's Indus Appstore gains traction amid Google-developer spat √ RBI bars Federal, South Indian Bank from issuing co-branded credit cards √ Tata Electronics bets big on Singapore-based semiconductor co Silicon Box √ IIFL Finance planning Rs 1,500 cr rights issue to shore up capital adequacy √ JPMorgan India's ECM head Abhinav to leave, Arvind Vashistha to replace √ Karnataka HC extends interim protection to Byju Raveendran till March 28 √ Tata Motors to set up manufacturing unit in Tamil Nadu, invest Rs 9,000 cr ================================================ Thursday,14 Marc h, 2024 USD/INR- Open- 82.8400 prev.close- 82.8600  ⬇️0.0241% GBP/INR - open- 105.9913 prev. close - 105.8620 ⬆️0.1951% EURO/INR- open- 90.6670 Prev.close- 90.5136 ⬆️0.0977% JPY/INR - open- 0.5609 prev close- 0.5614 ⬇️0.2138% BSE- open- 73,364.30 prev close- 72,761.89 ⬆️0.51% Gold - open- 65800.00 prev close- 65897.00 ⬇️0.25% Silver- open- 75349.00 prev. close- 75170.00 ⬆️0.19%

The year 2023 saw a decline in global M&A and #PE activity owing rising interest rates and #geopoliticalconflicts. Despite challenges, India shifted to smaller, profitability-focused deals. Samir Sheth, Partner & Head, Deal Advisory Services, BDO India, discusses the challenges in deal activity last year and shares an optimistic outlook for 2024 on the back of factors like 'China+1', abundant private equity, increased #IPOs, #ESG focus, and a synergy between traditional & new-age sectors in his article with Outlook Publishing (India) Pvt. Ltd.   Read more - https://lnkd.in/dfkBs2cS   #MergerAndAcquisition #PrivateEquity #Investments #FinancialOutlook #EconomicTrends #India2024 #BusinessAnalysis  

News Headline from Leading Financial News Papers, Saturday, 04 May 2024 •Consumer companies on recovery path; FY25 India business looks bright •Corporate affairs ministry bats for effective cost audits to curb corporate frauds •Adani Group eyeing port in Philippines •Britannia declares a final dividend of Rs 73 per share •NSE board approves 4:1 bonus issue, dividend of Rs 90/sh •Govt to buy back bonds worth Rs 40,000 crore: RBI •Atmanirbhar Bharat is new land of the rising sun for auto exports •Govt imposes 40% export duty on onion effective May 4 • CEAT shares slump nearly 10% as Q4 net profit falls; tyremaker expects positive momentum in Q1FY25 •Hindustan Zinc's winning streak continues ahead of dividend news •Godfrey Phillips stock soars on signing product supply pact with Ferrero India •Bharat Forge shares dip after North America class 8 truck orders hit 9-month low •Rane Brake Lining shares fly over 17% as robust Q4 impresses Street •'PFC, REC undervalued even after eye-popping rise over last year, say analysts •Federal Bank shares get price target boost from brokerages amid RoA improvement hopes • Indian bonds see outflows as Fed bets curb index inclusion frenzy • FIIs net sold Rs 2,392 crore as markets turn bearish • Carlyle Group sells stake in Yes Bank, Goldman Sachs buys stake • 'Britannia Q4: Net profit falls 3.8% to Rs 537 crore, revenue up marginally •Titan says ‘comfortable’ with debt levels, financial stance balanced • Indegene IPO: Institutional investors invest Rs 549 crore via anchor book • NSE Q4 profit rises 20% to Rs 2,488 crore • 'SME Action: Racks and Rollers IPO subscribed 259 times, Amkay Products 693.44x on final day •Coforge to acquire 100% stake in Cignity Tech within a year; acquisition will help it grow to $2-bn firm • Foreign tourist arrivals in India set to surpass pre-pandemic peak • Apple clinches strong double-digit growth in India; CEO Tim Cook says incredibly exciting market • HCLTech, Cisco launch 'Pervasive Wireless Mobility as-a-Service' for secured connectivity across enterprises • American Express to open one-million sq feet campus in Gurugram • Ugro Capital to acquire Fintech firm MyShubhLife for Rs 45 crore • ED opposes interim bail to Jet Airways founder Naresh Goyal; HC to pass order on May 6 • Coforge Q4: A large acquisition overshadows a decent quarter • Bajaj Auto's 'biggest' Pulsar NS400Z at Rs 1.85 lakh hopes to woo 'new buyers' • Air India announces non stop flights from Delhi to Zurich from next month • Sony and Apollo submit $26 billion Paramount offer: Report • Tesla vs Tesla: US carmaker sues Indian namesake for copying trademark • Britannia Q4: Net profit falls 3.8% to Rs 537 crore, revenue up marginally • Britannia Industries: Muted show in a challenging operating environment

News Headline from Leading Financial News Papers, Saturday, 04 May 2024 •Consumer companies on recovery path; FY25 India business looks bright •Corporate affairs ministry bats for effective cost audits to curb corporate frauds •Adani Group eyeing port in Philippines •Britannia declares a final dividend of Rs 73 per share •NSE board approves 4:1 bonus issue, dividend of Rs 90/sh •Govt to buy back bonds worth Rs 40,000 crore: RBI •Atmanirbhar Bharat is new land of the rising sun for auto exports •Govt imposes 40% export duty on onion effective May 4 • CEAT shares slump nearly 10% as Q4 net profit falls; tyremaker expects positive momentum in Q1FY25 •Hindustan Zinc's winning streak continues ahead of dividend news •Godfrey Phillips stock soars on signing product supply pact with Ferrero India •Bharat Forge shares dip after North America class 8 truck orders hit 9-month low •Rane Brake Lining shares fly over 17% as robust Q4 impresses Street •'PFC, REC undervalued even after eye-popping rise over last year, say analysts •Federal Bank shares get price target boost from brokerages amid RoA improvement hopes • Indian bonds see outflows as Fed bets curb index inclusion frenzy • FIIs net sold Rs 2,392 crore as markets turn bearish • Carlyle Group sells stake in Yes Bank, Goldman Sachs buys stake • 'Britannia Q4: Net profit falls 3.8% to Rs 537 crore, revenue up marginally •Titan says ‘comfortable’ with debt levels, financial stance balanced • Indegene IPO: Institutional investors invest Rs 549 crore via anchor book • NSE Q4 profit rises 20% to Rs 2,488 crore • 'SME Action: Racks and Rollers IPO subscribed 259 times, Amkay Products 693.44x on final day •Coforge to acquire 100% stake in Cignity Tech within a year; acquisition will help it grow to $2-bn firm • Foreign tourist arrivals in India set to surpass pre-pandemic peak • Apple clinches strong double-digit growth in India; CEO Tim Cook says incredibly exciting market • HCLTech, Cisco launch 'Pervasive Wireless Mobility as-a-Service' for secured connectivity across enterprises • American Express to open one-million sq feet campus in Gurugram • Ugro Capital to acquire Fintech firm MyShubhLife for Rs 45 crore • ED opposes interim bail to Jet Airways founder Naresh Goyal; HC to pass order on May 6 • Coforge Q4: A large acquisition overshadows a decent quarter • Bajaj Auto's 'biggest' Pulsar NS400Z at Rs 1.85 lakh hopes to woo 'new buyers' • Air India announces non stop flights from Delhi to Zurich from next month • Sony and Apollo submit $26 billion Paramount offer: Report • Tesla vs Tesla: US carmaker sues Indian namesake for copying trademark • Britannia Q4: Net profit falls 3.8% to Rs 537 crore, revenue up marginally • Britannia Industries: Muted show in a challenging operating environment

Tuesday,11 June, 2024 Here are today's PESTLE updates impacting your areas of work execution Economic times √ India Likely to Cut Interest Rates Ahead of US: Report √ Blackstone Entity Sells ₹6,735-crore Mphasis Shares √ MF Investors Keep Faith in Equity, Invest ₹34k cr in May √ Mphasis Promoter Entity Pares 15% Stake for ₹6,735 Cr √ GAIL Plans to Set Up 1,500 KTA Ethane Cracker Unit in MP, Invest ₹60,000 cr √ Neo Asset Raises ₹2,575 cr for Credit Opportunities Fund √ Modi Shows Rural Bent, OKs ₹20kcr for PM Kisan Nidhi √ BPCL Plans to Set Up New Refinery for ₹50k cr √ GCC’s Share in GDP to Double by 2030 with a Size of $100 b √ Broader & Lasting Growth, Jobs Top FM’s To-do List ==================== Mint √ Indigo Airlines share price dips on Interglobe Aviation stake offload plan √ Sensex crosses 77,000-mark before surrendering gains √ Cognizant buys American ER&D services firm Belcan for $1.3 bn √ Broke firms open up an expressway to public markets √ TCS, Infosys witness dip in younger staff √ Elon Musk to prohibit Apple devices in his companies if OpenAI is integrated √ Indigo Airlines share price dips on Interglobe Aviation stake offload plan =================== Financial times √ UK poised to approve biggest overhaul of listing regime in 40 years √ Private equity and professional services firms face HMRC crackdown √ Elliott seeks new leadership and strategy for Southwest Airlines √ Apple partners with OpenAI as it rolls out new artificial intelligence system √ Labour stirs concern over potential rise in capital gains tax √ Christine Lagarde says ECB can keep rates on hold as long as needed ==================== Business standard √ Nabard may raise Rs 30,000 crore through bonds in FY25, says CRISIL √ Aditya Birla Sun Life MF quant fund to tap best ideas of top mutual funds √ Kotak Mutual Fund launches Kotak Special Opportunities Fund √ India may sustain 6.5-7% GDP growth between FY26 & FY30, says UBS √ Blackstone mops up Rs 6,736 crore from 15.1% stake sale in Mphasis √ Cognizant Technology to acquire Belcan for $1.3 bn in cash and stock ================================================= Tuesday,11 June, 2024 USD/INR- Open- 83.4900 prev.close- 83.5200  ⬇️0.0329% GBP/INR - open- 106.3061 prev. close - 106.0368 ⬆️0.2922% EURO/INR- open- 89.8923 Prev.close- 89.7155 ⬆️0.2276% JPY/INR - open- 0.5318 prev close- 0.5324 ⬇️0.2817% BSE- open- 76,680.90 prev close- 76,490.08 ⬆️0.25% Gold - open- 71251.00 prev close- 71438.00 ⬇️0.41% Silver- open- 89100.00 prev. close- 90022.00 ⬇️1.56%

Monday,5 February, 2024 Here are today's PESTLE updates impacting your areas of work execution Economic times √ TaMo May Retain Momentum on JLR Show, Push to Pare Leverage √ JSW Infra to Spend up to Rs7k cr to Boost Cargo Handling Capacity √ Global Consumer Cos to Step Up India Play After Strong Dec Qtr √ Six Solar Firms Face DRI Probe for ‘Evasion of Duty’ √ Blue Tokai’s Revenue up 70% to ₹127 crore in FY23 √ Prime Minister Modi to Speak at GBS 2024 ==================== Mint √ Consumer firms on prowl for new markets fire up deal street √ No Singapore tribunal bar on moving NCLT in Sony case: Zee √ Govt likely to push for Air India units’ stake sale in FY25 √ RBI may hold rates, issue FY25 outlook Economists polled by Mint expect little change in MPC stance √ Tata Motors shares jump over 7% after strong Q3 results √ Paytm share price at 10% lower circuit after a 36% fall in last 2 sessions =================== Financial times √ Biden decision will ‘erode confidence’ in LNG industry, Shell CEO says √ China’s cull of EV overcapacity will bring little relief to Europe √ Private equity group EQT revives plans for $20bn Galderma IPO √ Bank of Japan grows more confident about imminent exit from negative rates √ US senators set up showdown on deal for Ukraine aid and border crackdown √ Jay Powell says Fed expects to make three rate cuts this year ==================== Business standard √ Decision on FY24 interest rate likely in EPFO board meet on Feb 10 √ Street signs: Nifty's potential soars, a mixed bag in IPO GMPs, and more √ India can punch above its weight in AI, says Microsoft Asia president √ Tata Motors shifts into high gear with Jaguar Land Rover at the wheel √ India targeting 15-20% share of global electronic GVCs by FY26: MoS IT √ Nearly Rs 41,000 crore unspent from govt's Rs 1.97 trillion PLI fund √ Govt nearly doubles PLI scheme share of five key industry segments √ Brookfield-backed India Infra InvIT to raise Rs 6,452 crore via debentures √ Startup world gauges spillover effect of edtech firm Byju's web of crises =============================================== Monday,5 February, 2024 USD/INR- Open- 83.0300 prev.close- 82.9300  ⬆️0.1115% GBP/INR - open- 104.6552 prev. close - 105.7916 ⬇️1.0290% EURO/INR- open- 89.4690 Prev.close- 90.3150 ⬇️0.9279% JPY/INR - open- 0.5588 prev close- 0.5591 ⬆️0.1073% BSE- open- 72,269.12 prev close- 72,085.63 ⬇️0.0030% Gold - open- 62880.00 prev close- 62958.00 ⬆️1.18% Silver- open- 72146.00 prev. close- 72247.00 ⬆️0.1%

Valuation mismatch concerns are stifling deal-making momentum. Our leader, Naveen Malpani, shares his insights on the cautious stance of buyers and sellers, where sellers are hesitant to exit and buyers seek scalable, profitable businesses with expanded market access, particularly in smaller towns and cities, leading to heightened scrutiny of companies' capabilities and growth potential. Read the full story in the Financial Express (India): https://brnw.ch/21wOEGi #deals #valuations #dealmaking #privateequity 

Earnings are slowing down, so there is a clear challenge for the earnings to come back,” Agrawal said. “Maybe it would take six months, but they will come. We need fiscal or monetary help. And it will come. Have patience and wait. #RaamdeoAgrawal #IndianStockMarket #Nifty30000 #FIIs #CNBCLeadershipSummit #MarketForecast #DigitalInfrastructure #FinancialInvestments #IndianEconomy #InvestInIndia

🚀Must-read market analysis by Vikram Kasat - Are Indian markets overvalued? - Is it a good time to deploy fresh capital? - Which sectors look promising? Vikram Kasat, Head - Advisory, PL Capital discusses all this & more in Smart Talk with ET Markets https://bit.ly/3TxqXfZ Kshitij Anand CFA (ICFAI), MS Finance #StockMarket #Nifty #Sensex #Insights #PLcapital

Wednesday,29 May, 2024 Here are today's PESTLE updates impacting your areas of work execution Economic times √ T-Mobile to Buy US Cellular’s Wireless Business for $4.4B √ India Major Gainer of China+1, Exports to Soar to $835 b by ’30 √ RIL Inks Pact to Pay for Russian Crude in Rouble √ SBI Pegs Q4 Growth at 7.4% & FY24 at 8% √ Group Promoters Raise Stakes in Adani Enterprises, Green Energy √ NARCL Board Recommends P Santhosh as MD & CEO √ RBI Launches PRAVAAH, Retail Direct Mobile App and Fintech Repository √ Infra.Market Gets ₹416cr from Mars Fund, Others √ Petronas Arm Leads Race to Climb Green Tower at Brookfield ==================== Mint √ Esops back in favour as IPOs rise, valuations reset √ Avendus launches ₹3,000 crore fund to invest in tech, health √ Adani group plans e-commerce, payments ventures: Report √ Novelis files for $945 million IPO in US at $12.6 billion valuation √ The curious case of Disney’s 30% stake in Tata Play √ Dealers wilt as car buyers shun heat Discounts rise as potential customers avoid stepping out √ IRCTC share price declines 5% post Q4 results a net profit misses estimates √ Paytm clarifies Vijay Shekhar Sharma is not selling stake to Adani; stock up 5% =================== Financial times √ Royal Mail and Anglo bids face double deadline as UK M&A hits heights √ Toyota bets on new line of combustion engines in challenge to Tesla √ Chevron deal clears hurdle as Hess investors back $53bn takeover √ Tesla pushes suppliers to produce parts outside China and Taiwan √ Xi Jinping calls for quality jobs for youth instead of ‘bitterness’ √ Georgia adopts Russian-inspired ‘foreign agents’ law ==================== Business standard √ Govt bolsters ACC testing infra as PLI beneficiaries near production stage √ British govt moves to revive London's reputation as financial hub √ RBI Governor Das launches portal for online application, approval √ GST Council's fitment committee likely to consider dropping 12% slab √ GIC Re Q4FY24 results: Net profit increases 3% to Rs 2,642.48 crore √ Adani Enterprises gets board nod to raise Rs 16,600 crore via QIP √ ABFRL Q4 results: Net loss at Rs 266.35 crore, revenue at Rs 3,406.65 cr √ Reliance signs deal with Russia's Rosneft to buy oil in roubles: Report √ P&G Hygiene appoints Mrinalini Srinivasan chief financial officer √Hindalco Industries looks to garner $945 million via Novelis US IPO ================================================= Wednesday,29 May, 2024 USD/INR- Open- 83.2200 prev.close- 83.1900  ⬆️0.0992% GBP/INR - open- 106.0863 prev. close - 106.2598 ⬇️0.0424% EURO/INR- open- 90.2720 Prev.close- 90.4711 ⬇️0.1442% JPY/INR - open- 0.5293 prev close- 0.5292 ⬆️0.0756% BSE- open- 74,826.94 prev close- 75,170.45 ⬇️0.70% Gold - open- 72155.00 prev close- 72180.00 ⬆️0.24% Silver- open- 95502.00 prev. close- 95448.00 ⬆️0.83%