If 2006-2008 was the period of high-profile outbound acquisitions by Indian companies, early-2010 could see the end of the honeymoon period in some transactions.
The focus on people retention is clearly part of the damage control exercise initiated after the fraud at Satyam Computers took a toll on its brand. Choose best job offer
It could be one of the largest exoduses of people from a professional services firm within a relatively short period of time. Promotion at Infosys strictly for performers
Suzlon Energy plans to sell its entire 26% stake in its Belgium-based gearbox technology unit, Hansen Transmissions International, as India’s largest wind turbine maker doesn’t see major benefits arising from retaining the shareholding in Hansen.
The Indian steel industry could likely see some more action in the coming days.
Large business families in the US, Europe and West Asia are increasing their allocations to private equity funds focused on India, reposing their faith on the India story at a time when traditional investors in such funds are refraining from committing additional money.
The UK-based steel trading major Stemcor, which owns minority stakes in various Indian steel companies, is planning to increase its stake in one of them, Sathavahana Ispat.
Senior execs with experience across public & private sectors are the most sought-after.
Companies that have distribution units spread across the country or have a multi-location manufacturing presence may have to close down some of their subsidiaries and alter business models to minimise initial impact on profitability under the proposed Goods and Services Act.
Private equity Bain Capital has bought a 15.4% stake in Kolkata-based Himadri Chemicals in a move which will support the chemical company’s plan to triple capacity.
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