Mergers & Acquisitions
-
Opportunity India Desk Sep 22, 2018 - 2 min readAndromeda Pvt Ltd, one of India's largest loan distributors, has announced a strategic alliance with Biz2Credit, a US-based leading online fintech marketplace and platform for business funding. The collaboration will facilitate Andromeda to leverage Biz2Credit's financial services technology and patented analytics platform to deliver an innovative and convenient lending experience for borrowers in India. Andromeda ...
-
Opportunity India Desk Sep 21, 2018 - 1 min readColorbar, Indian makeup and beauty brand, is planning to expand its retail footprint over the next couple of years. The brand aims to reach 250 stores by the end of 2020. Colorbar is looking to open 20 standalone stores in addition to its present 80 stores this year. It will also be continuing to increase ...
-
Opportunity India Desk Sep 21, 2018 - 1 min readUS-based fintech firm Biz2Credit is eyeing Rs 100 crore revenue by 2020. Biz2Credit, an online lending resource and platform for small and medium enterprises (SMEs), is digitally enhancing its operations in India. Ramit Arora, President of Biz2Credit, said, "The company has partnered with Tata Capital and Tally Solutions and is talking to several banks and ...
-
Opportunity India Desk Sep 20, 2018 - 1 min readRadiant Life Care Pvt Ltd, a hospital chain backed by private equity firm KKR & Co, will acquire 49.7% stake in Max Healthcare from South Africa-based Life Healthcare Group Holdings Ltd for $293 million. The development comes after Radiant failed to buy India's second-largest hospital chain, Fortis Healthcare Ltd. As part of the deal, Radiant will buy ...
-
Opportunity India Desk Sep 20, 2018 - 2 min readNirvana Being, a market leader in Indoor Air Quality (IAQ) Compliance, in collaboration with one of India's progressive and leading players in the hospitality industry, Roseate Hotels & Resorts, has reinvigorated the indoor ambience of Roseate House, New Delhi, with pure and pristine air. Nirvana Being has retrofitted the HVAC systems at the hotel with customized ...
-
Opportunity India Desk Sep 19, 2018 - 1 min readBharat Petroleum Corporation Ltd is looking to invest Rs 1 lakh crore over the next five years for expansion. The company will use the investment for refinery upgradation, marketing infrastructure, petrochemicals production and city-gas distribution. D Rajkumar, Chairman and Managing Director of Bharat Petroleum Corporation, said, "This will help the company expand its refining capacity ...
-
Opportunity India Desk Sep 18, 2018 - 1 min readPopular smartphone maker OnePlus has announced that it is foraying into the television market. Pete Lau, the Founder and CEO of OnePlus, will head the new smart TV division alongside the existing smartphone division. Lau said, "I dream about a time when technology is truly seamless, an effortless part of your life without being the ...
-
Opportunity India Desk Sep 18, 2018 - 1 min readCygnett Hotels & Resorts plans to set up hotels in Bangladesh and Sri Lanka soon. Sarbendra Sarkar, Founder and MD of Cygnett Hotels & Resorts, said, "Having established our presence in northern and western parts of the country, we are now eyeing overseas markets. To begin with, we will enter Bangladesh and Sri Lanka before ...
-
Opportunity India Desk Sep 18, 2018 - 1 min readAhmedabad-based Cadila Healthcare is planning to launch 50 products in the US during the current fiscal year. The company has at least ten para IV filings for the US. If a company files an abbreviated new drug application (ANDA) containing a paragraph IV certification with the US Food and Drug Administration (USFDA), then its product ...
-
Opportunity India Desk Sep 13, 2018 - 1 min readTyre maker Maxxis India is planning to expand its pan-India dealership to 1,000 outlets by end of this year. The company also aims to set up five more plants in the country. Bing-Lin Wu, Retail Sales Head of Maxxis India, said, "We believe that distributors and dealers have an integral role to play in Maxxis India’s ...