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Auto sector slowdown hit deals: report

Auto OEMs & Auto Components Sector Dealtracker

India’s technology sector saw the highest ever deal activity in 2014, driven by private-equity investments in the ecommerce sector. More than 400 deals worth $11.5 billion (Rs 72,910 crore) were announced in the sector in the past year, according to Grant Thornton-IVCA Technology Dealtracker.

We are pleased to present our report “TechDealtracker” that aims at summarising Private Equity (PE) and Venture Capital (VC) deals in the technology sector. We have been actively tracking PE Investment and M&A deal activities for over a decade now through our flagship publication, Dealtracker, and we continue to emphasise that both these activities will increases the Indian economy gears up to regain its high growth trajectory. Further, we believe that for the Indian economy to grow and far exceed its projected growth rate, India Inc needs to increase its focus on both these activities PE including VC, has always been one of the main sources of funding for the launch and expansion of several start-ups across sectors, technology in particular.

The Grant Thornton India Tracker, developed in collaboration with the Confederation of Indian Industry, monitors UK businesses with ultimate Indian parent companies to identify the fastest-growing companies by turnover, as well as the top Indian employers.

We are pleased to present Grant Thornton Dealtracker Report for first quarter of 2015 (January – March). As we enter into the 11th year of publishing this document, we want to thank the readers for their continued support and feedback.

The required attributes of an SPV where REIT can invest is quite straight jacketed. While regulatory constraint of creating an investor friendly instrument is understandable, more tax sops can be provided to encourage developers to prefer REIT.

GAAP Reporter | Year-end edition

The growth aspirations of lot of Indian companies have been met by raising debt both in India and overseas countries. Debt has been taken for expansion, new market penetration and overseas M&A. There have been sectors like infrastructure, power, commodities, etc that have been fairly active in overseas markets and have raised debt in the past.

Imagine a sector that accounts for approximately USD11.5trn or 30% of the global economy. It is fast-growing, productive and innovative, directly supporting 169m jobs; nimble enough to respond quickly to changes in consumer tastes, but robust enough to export and invest heavily in R&D.

For the real estate sector, the last few years have been quite agonising. Declining sales and mounting debts played havoc for the sector that is seen as one of the growth drivers for the economy. However, things changed for the better in early 2014 as a stable government came to power at the Centre with a thumping majority. This led to a boost in investor confidence coupled with renewed interest from key stakeholders. The government has unleashed a lot of reforms in the last few months to give a fresh impetus to the sector.

The government seems to have been guided by laws operating in the US and the Organisation for Economic Cooperation and Development (OECD) countries while framing its law on black money, with both the prime minister’s office (PMO) and National Security Adviser (NSA) Ajit Doval reportedly obtaining inputs from several European countries and G20 member states to help finance minister Arun Jaitley draft the undisclosed foreign income and assets (imposition of tax) bill introduced in Parliament last Friday.

Changes in the conditions prescribed for FPI investments in government debt securities (SEBI Circular No.CIR/IMD/FIIC/2/2015 dated 5 February 2015 and RBI Circular No. RBI/2014- 15/453 A.P (DIR Series) Circular No.72 dated 5 February 2015)

Last week, Tata Consultancy Services, India’s largest software services exporter, appointed Aarthi Subramanian, the company’s global head of the delivery excellence group, as executive director on its board.

The hotel industry is going through a period of unprecedented, irreversible change and will look very different in 2020 than it does today. We shed light on some of the biggest questions facing the sector – how will hotels attract the business and leisure guests of tomorrow? How can they compete in a digital world? And what will their future business models look like?