According to the India Journal, Indian business magnate Mukesh Ambani is the 18th richest person in the world on the Bloomberg Billionaires Index, with a personal wealth of $24.7 billion in 2012. Ambani runs Reliance Industries Ltd, a India petrochemicals conglomerate with interests in retailing and some assets in the...
US is second largest acquirer in India
According to global deal tracking firm Dealogic, India’s inbound M&A volume has surged to $23.4 billion, about equal to the record level of 2007. American companies were involved in 17 per cent of the inbound mergers in India making the US the second most active conuntry. The United Kingdom was...
India's companies to accelerate merger and acquisition activity, driven by access to new markets
Investment bankers are forecasting a stellar year for mergers and acquisitions in Asia following a leap in the value of both inbound and outbound transactions in 2010, according the the Financial Times. The paper said that outbound M&A soared 166 per cent to a record $126.1bn in the region (excluding...
Two India companies are on Innovative List
India’s Tata Group and Reliance Industries Ltd were named recently to the list of the world’s 50 most innovative companies, according to the Boston Consulting Group. Tata ranked 17th, down 4 ranks from 2009, and the Mukesh Ambani-led RIL was in 33rd place down 18 ranks from 2009. There were...