logo
2 deals put India on top-10 Apac M&A list

2 deals put India on top-10 Apac M&A list

Hans India4 days ago
New Delhi: Mergers and Acquisition (M&A) activity in Asia-Pacific region fluctuated throughout the year, declining in June as dealmakers awaited clarity to emerge on global trade negotiations, a report said on Tuesday. Meanwhile, the $1.39 billion acquisition of a minority stake in JB Chemicals & Pharmaceuticals by Torrent Pharmaceuticals in India was June's third-largest Asia Pacific deal, according to S&P Global Market Intelligence data. Two of India's deals made it to the list of the top-10 largest deals in June.
The aggregate value of M&A deals in the Asia Pacific region declined 21.3 per cent YoY to $28.87 billion in June.
However, the number of deals increased 13.2 per cent to 834. The decline came after a 57.4 per cent jump in May. On a month-over-month basis, the aggregate deal value fell 32.1 per cent in June, while the number of deals was up 12.2 per cent.
The report said that 28 per cent of Asian respondents were more interested in M&A due to trade concerns.
'Asian dealmakers are adapting rather than retreating from deals. This was the highest positive response of any international region, indicating that many sAsian companies viewed the disruption as a chance, for example, to pursue non-US targets,' the report mentioned.
According to the report, local private equity firms are eager to deploy funds in midmarket deals in Southeast Asia, while larger international funds are shopping for bigger targets in East Asia. 'Many respondents see private equity buyers as key acquirers across Asia.'
These include private equity deals and growth investments, such as buyouts of family businesses in Southeast Asia, carve-outs in Japan or growth equity in Indian technology startups, the report said.
US President Donald Trump's April announcements of 'reciprocal tariffs' in April shook global markets. On July 23, the US and Japan reached a deal that includes 15 per cent tariffs on Japanese imports into US.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Mumbai To Ahmedabad In 2 Hours: Indias First Bullet Train To Start Soon; Check Expected Speed
Mumbai To Ahmedabad In 2 Hours: Indias First Bullet Train To Start Soon; Check Expected Speed

India.com

time13 minutes ago

  • India.com

Mumbai To Ahmedabad In 2 Hours: Indias First Bullet Train To Start Soon; Check Expected Speed

India's First Bullet Train: Railway Minister Ashwini Vaishnaw on Sunday announced that India's first bullet train between Mumbai and Ahmedabad will begin operations very soon, reducing travel time between the two cities to just 2 hours and 7 minutes. He was speaking to reporters at the Bhavnagar terminus in Gujarat after virtually flagging off three trains, namely the Ayodhya Express, Rewa Pune Express, and Jabalpur Raipur Express. He further stated that the bullet train project is progressing rapidly. 508-Kilometre Rail Corridor The 508-kilometre high-speed rail corridor will connect Mumbai's Bandra Kurla Complex (BKC) with key cities in Gujarat, including Vapi, Surat, Vadodara, and Ahmedabad. The trains are expected to run at speeds of up to 320 km/h. Vaishnaw also outlined several upcoming railway projects in Gujarat, including a new Porbandar–Rajkot train, a Rs 135-crore coach maintenance facility at Ranavav station, a railway flyover in Porbandar, two Gati Shakti cargo terminals, and a container terminal at a developing port in Bhavnagar. He highlighted the nation's progress, saying that during the last 11 years, 34,000 km of new railway tracks have been installed under the PM Narendra Modi administration, averaging almost 12 km per day. He described the 1,300 railway stations undergoing renovation as an unprecedented endeavour in the history of Indian Railways. PM Modi's Vision Ashwini Vaishnaw pointed out that India is implementing this change while maintaining train operations and keeping stations operational, which reflects the scope of PM Modi's vision, in contrast to developed nations, where station redevelopment entails completely stopping services. Adding further, he cited the introduction of contemporary trains such as the Vande Bharat Express, the Amrit Bharat Express, and the Namo Bharat Express. Eight Amrit Bharat trains with high-class amenities and reasonably priced tickets have been introduced thus far. According to the minister, passengers have responded favorably to these new trains, which were constructed using cutting-edge technology. With the help of double-engine governments in Madhya Pradesh and Chhattisgarh, significant railway projects are also progressing in those states, in addition to Gujarat, the minister highlighted. (With IANS Inputs)

Wall Street Banks Lose Ground in Europe as Tariffs Spook Clients
Wall Street Banks Lose Ground in Europe as Tariffs Spook Clients

Mint

time13 minutes ago

  • Mint

Wall Street Banks Lose Ground in Europe as Tariffs Spook Clients

(Bloomberg) -- As US President Donald Trump has ratcheted up his rhetoric against trading partners in Europe — corporates across the continent are taking notice. As a result, some companies have begun to diversify their banking relationships away from the giants of Wall Street, according to data compiled by Bloomberg. That's been a boon for Europe's leading banks, which have been actively vying to win the extra business. 'Some players are saying that it's better to go to European or French investment banks for advice on financing or mergers and acquisitions,' said Arnaud Petit, managing director of Edmond de Rothschild's corporate finance business. Deutsche Bank AG Chief Executive Officer Christian Sewing sees similar in potential clients' requests for proposals: 'It is happening every day with client wins and RFPs and new business that we put on.' So far this year, roughly half of the euro bond deals from non-US companies did not involve any of the five biggest US banks, according to data compiled by Bloomberg. That's up five percentage points from a year earlier. For sterling bonds the gap has widened even further — Wall Street banks were shut out of just 47% of deals throughout all of last year. So far this year, though, they've been excluded from 64% of them. The emergence of the ability of a few European banks 'to be able to offer competitive services and advice to clients' has created a desire among clients to switch, according to UBS Group AG Chief Executive Sergio Ermotti. 'We believe we are well placed to continue to benefit from that diversification.' Even before Trump's trade war kicked off in earnest, the biggest of the US banks warned that it was starting to see an impact. By April, JPMorgan Chase & Co. had already lost 'a couple' of bond deals tied to the tariff uncertainty, with companies opting for local banks instead, Chief Executive Officer Jamie Dimon said in an interview with Fox Business at the time. He warned that the tumult was 'causing cumulative damage including huge anger at the United States.' The latest example of a win for non-US banks came this week, when Zurich-based insurer Chubb Ltd. issued an offshore yuan-bond. It opted for Standard Chartered Plc to help take on the deal. The bank was told: 'We want to bank with the regional champions, rather than just with global banks in general,' Standard Chartered Chief Financial Officer Diego de Giorgi said. 'Because we think that you guys bring specific skills in a world that is fragmenting.' Chubb is not an exception. The effect is most pronounced in Asia, where economies are expected to be hard hit by the changing trade regimes and the re-routing of supply chains, said Ruchirangad Agarwal, head of corporate banking for Asia and the Middle East at the research firm Coalition Greenwich. 'The willingness of companies in Asia to change their transaction bank is currently at a high: a third of them plan to issue a new RFP within the next 12 months,' Agarwal said. Already, US lenders' market share in financing trade for Chinese companies has dropped in recent years - from 12% in 2017 to about 7% share now, he added. 'We expect to see heightened uncertainty and customer churn at US banks as large corporates take an active risk management stance on FX, interest rates, counterparty risk, geopolitical tensions and supply chain disruptions,' said Martin Smith, head of markets analysis at East & Partners. BNP Paribas SA, meanwhile, has gained more share than any other player in Asia, Smith said. 'There are clearly strategic opportunities in the tectonic shifts that the world has been seeing in recent months' Societe Generale SA CEO's Slawomir Krupa said of companies looking to shift toward European banking partners. 'The logic behind this form of risk diversification has become more apparent for companies.' --With assistance from Harry Wilson, Claudia Cohen and Noele Illien. More stories like this are available on

1.8 crore jobs at risk? THESE three sectors likely to get impacted due to AI, new-age technologies, says report
1.8 crore jobs at risk? THESE three sectors likely to get impacted due to AI, new-age technologies, says report

Mint

time13 minutes ago

  • Mint

1.8 crore jobs at risk? THESE three sectors likely to get impacted due to AI, new-age technologies, says report

New-age technologies like Artificial Intelligence (AI) are set to implement a 'seismic' shift in the industries affecting the jobs of more than 1.8 crore people over three key sectors by the year 2030, reported the news agency PTI. Manufacturing, Retail, and Education are the three sectors poised to be impacted by the effects of implementing AI into operations, according to the agency report. Out of the three sectors, the Manufacturing sector is expected to witness the worst hit from the AI transition, with 80 lakh workers set to be affected, followed by the Retail sector with 76 lakh jobs, and the Education sector with 25 lakh jobs affected in the next five years, reported the news agency, citing Servicenow data. High-automation roles like Change managers and Payroll clerk job roles are expected to be redefined by the AI agents, which will take over the routine coordination. However, "high-augmentation" job roles like the Implementation consultants and System admins are working and partnering with AI instead of competing with it. India's largest IT company, Tata Consultancy Services (TCS) in the end of July 2025, announced that the company will be laying off almost 2% of its workforce, or more than 12,000 employees in the financial year 2025-26. The IT firm will focus the job cuts on the middle and senior management employees as part of its broader strategy to become 'future-ready' and focus on technological investments, AI developments, market expansion, etc. Mint reported earlier that TCS's total workforce stands at 6,13,069 people as of the April-June quarter of the financial year 2025-26. The news agency cited Sumeet Mathur, the managing director for Servicenow India Technology and Business Centre, who said that artificial intelligence is expected to create 30 lakh jobs in new technology by 2030. Artificial intelligence is also reshaping the workforce, and will "redefine" over 1.35 crore roles, said the executive, cited in the agency report. "India has a generational opportunity to lead globally by developing AI-ready talent, redesigning workflows, and reorienting business models around continuous innovation," said Sumeet Mathur. After conducting a more than 500-industry-leader survey on AI adoption, the company noted that 13.5% of tech budgets of the IT company are already pledged towards AI adoption, and one-fourth of the firms in India are already in their transformation phase. With data security as one of their top concerns, the Indian companies are highlighting the urgent need for strategic foresight and structured, cross-functional reskilling pathways in the market.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store