According to experts, the accelerated digitalisation and increased use of artificial intelligence due to the pandemic led work-from-home scenario have all resulted in a huge opportunity for the computer software and hardware sector.
‘M&A in infra sector to pick up pace with new players, novel financing models’
March 07, 2021
Deepto Roy, Partner, Shardul Amarchand Mangaldas & Co×
Infrastructure sector is poised to see further acceleration with the Government planning monetisation of some of the completed PPP projects to redeploy the funds for new ones. The Government has massive plans for monetisation of PPP projects and government infrastructure assets, which will see further boost in M&A activities, according to Deepto Roy, Partner, Shardul Amarchand Mangaldas & Co.
In an exclusive interaction with
BusinessLine, Roy said, “The largescale distribution reforms in the electricity sector should also improve the financials of the generating companies, which may lead to more deal certainty and better valuations.”
(File photo)
NEW DELHI: An American national of Indian origin has demanded a significant stake in One97 Communications, Paytm’s parent entity, along with a board seat and recognition as a co-founder, while accusing the company’s founder and CEO Vijay Shekhar Sharma of going back on his promise and allegedly misappropriating his investments.
Ashok Kumar Saxena (aged around 70 years), who claims to be a founder-director of One97 Communications, lists initial investments of $27,500 between January 2001 and April 2002 towards his promised stake of 55% in the company through an agreement allegedly signed in September 2001. In a legal notice to Sharma, he has also alleged that he was “wrongfully removed” as a director in February 2004.
Carlsberg’s probes reveal details of ‘potential’ unethical practices at India arm
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The maker of Tuborg also clarified it had also identified a case involving underage labourers and non-compliant working conditions in a warehouse operated by a third party and terminated their contract in 2018.
Reuters
Three board members of Carlsberg’s Indian unit voted not to approve the latest accounts of FY20, citing lack of clarity on these matters. This is the second financial year where directors have refused to approve the results.
Carlsberg said it found evidence of potential unethical practices in breach of its group policies in India after an investigation conducted during 2019 and 2020, forcing them to strengthen their compliance practices. In its latest global annual report, Carlsberg said the breach was in the period up to 2018. The investigations was done by Shardul Amarchand Mangaldas and and Ernst and Young.
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