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PE, M&A market set for upswing, say players

Mergers and acquisitions (M&As) and private equity (PE) investments in India dipped both in value and volume terms in 2009 due to the global slowdown. This, along with the sharp run-up in the equities in the second half of the year and too much liquidity globally, has made deal closure an arduous task for PE players. Despite this, the players are hopeful that the investment market will improve in 2010. The value of deals (both PE and M&As) announced in calendar year 2009 (January to December 13, 2009) was $21.20 billion as against $41.54 billion, a decline of nearly 49 per cent. During 2007, the value was $70.14 billion, according to data compiled by Grant Thornton.

Gold at Rs 50 discount on weaker dollar

Gold is selling at a Rs 50 discount in Mumbai’s Zaveri Bazar on widening disparity between prices in dollar and rupee terms. The precious metal in rupee terms failed to catch the speed of price escalation in dollar terms, as Indian buyers kept on the sidelines on rising prices in overseas markets.

Bharti in B'desh for $900mn buy

After being unsuccessful with South African telecom MTN, Bharti Airtel is eyeing Bangladesh to expand its footprint.