Singapore and other Smaller nations Demand vaccine equity

A group of 30 small countries has requested the world’s largest economies to ensure vaccine equity. On Tuesday 30th November, the Global Governance Group (3G) released a statement saying that it was crucial that the vaccines were provided to underdeveloped and developing countries on time a...

TOSHIBA CORP. PRESIDENT & CEO RESIGN OVER INTERNAL MANAGEMENT CONFLICT

Highlights –

• Toshiba Corp. President & CEO resign over management conflict.
• Chairman Satoshi Tsunakawa takes up the posts of Kurumatani.
• The conflict happened over a proposed buyout of the company by CVC Capital Partners.
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TAXI HAILING T MAP MOBILITY TO ISSUE NEW SHARES WORTH $357.3 MILLION

Highlights –

• Taxi hailing T Map Mobility to issue new shares worth $357.3 million.
• The shares will then be allocated to two private equity funds (PEFs).
• T Map Mobility’s move comes as it plans to compete with Kakao Mobility.

BRITAIN’S CVC CAPITAL LIKELY TO BUYOUT TOSHIBA CORP. IN A PRIVATE DEAL

Highlights –

• Britain’s CVC Capital likely to buyout Toshiba Corp. in a private deal.
• The terms of the deal will be discussed between the two companies and also the government.
• Toshiba received the initial proposal by CVC on Tues...

LAXMI ORGANIC RAISES CASH FROM 15 ANCHOR INVESTORS

HIGHLIGHTS

• Laxmi Organic Industries Limited has raised Rs. 180 ten-million from 15 anchor investors a day before its Issue Opening.
• Based in Mumbai, Laxmi Organic Industries Limited manufactures specialty chemicals.

Mumbai-based spec...

EGIS INDIA PLANNING EQUITY INVESTMENTS IN INDIAN AIRPORT PRIVATIZATION PROJECTS

HIGHLIGHTS

• Egis India is planning equity investments in Indian airport privatization projects.
• The other areas of investment in India include metro train projects, dedicated freight corridors, healthcare sector, semi-high speed train corridors, and hi...

MAJORITY STAKE IN ZCL CHEMICALS TO BE ACQUIRED BY ADVENT INTERNATIONAL

HIGHLIGHTS

• ZCL Chemicals is selling a majority stake in its company to Advent International.
• This acquisition fixes an enterprise valuation of ?1,700 billion for pharma firm ZCL Chemicals.

US-based private equity firm Advent Internat...

SHISEIDO CO. TO TRANSFER ITS PERSONAL CARE PRODUCTS BUSINESS TO CVC

Highlights –

• Shiseido Co. to sell its personal care products to the European CVC fund.
• It will sell the products business for $1.5 billion.
• The Japanese beauty company will acquire a 35 percent stake in the new company.
• Shi...

US-BASED STERLING GROUP ACQUIRES iLife DIGITAL TECHNOLOGY

Highlights

• Both the companies have said that this investment will boost iLife Digital’s growth plans, increase its market share and help its expansion into other countries

• According to the release, iLife Digital Technology, the company headquartered in Duba...

SILVER LAKE MAY BUY STAKE IN RELIANCE RETAIL

HIGHLIGHTS

• Silver Lake wants a $ 1 Billion stake in Reliance Retail.
• The investment would value Reliance Retail at about $ 57 billion.
• Reliance plans to sell about 10% in new shares.
• Reliance Industries has raised more than $20 b...

WORLD’S LARGEST IPO TO MAKE SELECT FEW BILLIONAIRES

• Junhan and Junao entities own about half of Ant Group, and at least 19 shareholders have stakes valued at over $1 billion.
• Its the most valued fintech company in the world and is slated to go public in the coming months, attributing early investors and employees with untold ric...

RBI INTERVENTION SAVES RUPEE

Highlights:

• The Reserve Bank of India saved the Indian currency after it stepped in to help lift the currency from record lows. 
• The central bank has sold around $1.5 billion.
• The rupee hit the lowest on Friday of 74.50 against the US ...

US STOCK MARKET: REASONS TO BE OPTIMISTIC

Highlights:

• Investors are in dilemma – to invest in the US market or to take back money for now.
• The global coronavirus has weighed the burden on the shoulder of the investors.
• The global crude oil price drop has added a dilemma.
...

EQUITY ACCOUNTS EXCEEDS TO 30 MILLION DESPITE COVID-19 OUTBREAK

Highlights –

• The number of active equity accounts marked some 30 million
• Security accounts those with depository assets of $84 or more
• The growth is due to increasing individual investors’ interest in the local stock market
...

FACTORS THAT WILL GUIDE MARKETS TODAY

Highlights:

• Nifty opened the trading market with a slump of nearly 300 points in the Indian Markets.
• The US equity markets' major indexes fell by almost 3 percent each.
• Brent crude oil futures have gained up to $50.06 per barrel.
...

U.S. MARKETS REBOUNDS AFTER FEDERAL RESERVE GAVE HOPES

Highlights:

• The U.S. equity market ended the trading day surging.
• Tesla Inc. shares gained 11.3%.
• Gold futures settled at $1,592.30, which is up by 1.8%.

The U.S. equity market ended the trading day higher on Monday. This ...

U.S. MARKET LOSSES EXTENDS ON FEAR OF CORONAVIRUS

Highlights:

• The U.S. equity market closed low for the seventh consecutive session.
• Many famous companies have raised flags about the coronavirus and it has impacted their earnings.
• The business in the Chicago region has improved however, it...

KOLMAR KOREA HOLDINGS CO. TO SELL OFF PHARMA BUSINESS UNIT

Highlights –

• Kolmar Korea pharma and business unit to be sold off
• IMM PE deal led by Samil PWC
• Memorandum of Understanding signed

South Korea’s leading cosmetics development manufacturer Kolmar Korea and Kolma...

CORONAVIRUS FEARS WEIGHED THE US EQUITY MARKETS

Highlights:

• The Dow Jones Industrial Average finished the trading day with a loss of 603.41 points.
• The S&P 500 has lost 58.14 points while the Nasdaq Composite has slumped by 149.76 points.
• Safe-havens have gained with Gold Futures up ...

US EQUITY MARKET HAS SEEN A FALL

Highlights:

• The US equity market on Monday ended the trading day with a fall.
• International Monetary Fund (IMF) has lowered its global economic growth forecast for the US economy to 3.3% from 3.4% for 2020.
• The equity markets are also affec...