CCI okays Temasek Holdings minority stake purchase in Haldiram Snacks Food
The
Competition Commission of India
on Tuesday approved Singapore's
Temasek Holdings
proposed acquisition of a minority stake in
Haldiram Snacks Food
. Temasek Holdings through its arm
Jongsong Investments Pte
is acquiring a stake in the target company.
"The proposed transaction entails the acquisition of less than 10 per cent of the issued and paid-up equity share capital of the target (
Haldiram Snacks
Food Pvt Ltd) by the acquirer (Jongsong Investments Pte)," the Competition Commission of India (CCI) said in a release.
Haldiram
Snacks Food is the combined business of the two fractions of the Haldiram family - Delhi and Nagpur. The National Company Law Tribunal has already approved the process of merger of the two fractions, while other regulatory approvals are awaited.
"Commission approves the acquisition of certain issued and paid-up equity share capital of Haldiram Snacks Food Pvt Ltd (target) by Jongsong Investments Pte Ltd (acquirer)," it added.
Established in 1937 as a retail sweets and namkeen shop in Bikaner, Rajasthan by Ganga Bhishen Agarwal, Haldiram products are now sold in over 80 countries.
In 2022, it was announced that the packaged snacks businesses of Delhi-based Haldiram Snacks and Nagpur-based Haldiram Foods International would be first demerged and then merged into an entity named Haldiram Snacks Food.
In a separate release, CCI on Tuesday approved the acquisition of majority stake/control over
Nazara Technologies
Ltd by
Axana Estates LLP
, Plutus Wealth Management LLP and Junomoneta Finsol Pvt Ltd.
Axana is an LLP incorporated in India. Axana currently does not undertake any business activities or hold any investments and its proposed business involves real estate and business of dealing in shares and securities and other financial instruments.
"Commission approves acquisition of majority stake/control over
Nazara Technologies
Ltd by Axana Estates LLP, Plutus Wealth Management LLP and Junomoneta Finsol Pvt Ltd," the competition watchdog said.
Plutus is engaged in the business of stock and commodity broking, trading and investments in stock, commodities, and related businesses and Junomoneta Finsol is engaged in the business of proprietary stock broking and trades in equity, commodity and derivative markets.
Nazara functions as a diversified platform in gaming and sports media. Additionally, it is active in the skill-based real money gaming segment and is also engaged in esports events and offers a multi-sports content platform catering to sports enthusiasts in India and the United States.
Deals beyond a certain threshold require approval from the regulator, which keep a tab on unfair business practices as well as promotes fair competition in the marketplace.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
&w=3840&q=100)
Business Standard
6 minutes ago
- Business Standard
In a first in UP, 25 automobile dealers lose trade licenses for one month
In a first-of-its-kind action, the Uttar Pradesh Transport Department has suspended the trade licenses of 25 automobile dealers across the state for a month, citing continued failure to comply with vehicle registration procedures. A senior transport department official on Friday confirmed that this is the first time such disciplinary action has been taken against dealers for violating registration norms. The suspended dealers, spread across districts including Lucknow, Barabanki, Sitapur, Kushinagar, Moradabad, and Prayagraj, have been barred from selling vehicles or uploading registration requests on the VAHAN portal during the suspension period that began on June 3. After being repeatedly warned, the dealers were served show-cause notices on April 21 and May 15 this year after a detailed analysis of pending registrations from January to May 2025. Despite being given adequate time, they failed to improve their performance or respond satisfactorily, the Office of the Transport Commissioner said in a statement. The department asserted that these actions are part of an ongoing effort to ensure transparent and citizen-focused service delivery in vehicle registration. "Persistent non-compliance with Rule 39 of the Central Motor Vehicles Rules (CMVR) and relevant provisions of the Uttar Pradesh Motor Vehicles Rules has led to this action, which is aimed at reinforcing accountability and discipline in the vehicle registration process," the statement read. Among those penalised is a prominent dealership in Lucknow, Aarna Megacorp Pvt. Ltd., "highlighting the department's intent to enforce rules uniformly, irrespective of a dealer's location or scale." In Barabanki, the affected dealers are Barabanki Auto Sales & Service, Bright 2 Wheel Sales, and Kalyan Motors. Sitapur-based dealers Narendra Automobiles, Agarwal Auto Sales, and M/s Budhram Auto have also been suspended. From Kushinagar, similar action has been taken against Gupta Automobiles and Gupta Auto Sales. In Sambhal, Badar Motors faced suspension, while in Pratapgarh, M/s Janta Trading Company was penalised. Dealers from Maharajganj include Shubham Automobiles and Chandra Sales, while Shakti Autos from Raebareli and M/s Auto Wheels from Jaunpur were also among the defaulters. In Sant Kabir Nagar, Bharat Auto Sales faced suspension, along with Shyam Motors in Fatehpur and Shiva Auto Sales in Ghazipur. RN Motors in Rampur and Shyam Motors in Auraiya were also on the list. Further, Jai Auto Mobiles in Ambedkar Nagar, Cross Wheel Auto Pvt. Ltd. in Moradabad, and Uplife Solutions Pvt. Ltd. in Basti were suspended. Saraswati Motors in Prayagraj and Vishal Motors in Unnao were among the final names on the list. In a parallel move, the department has also issued show cause notices to 50 other dealers across the state with high registration pendency. These dealers have been given a 14-day deadline to clear pending files or face similar suspension.
Mint
14 minutes ago
- Mint
Tesla's China skid: Blame market forces, not politics
The biggest story swirling around Tesla Inc. right now concerns CEO Elon Musk's sudden, if unsurprising, break with a leader who is as calm and unassuming as he is, US President Donald Trump. But the important story concerns what is happening far from these shores: China. Shipments from Tesla's Shanghai factory fell by 15% in May compared with a year before, according to preliminary data from China's Passenger Car Association. That marks eight straight months of declining output from Tesla's single biggest electric vehicle factory, accounting for around 40% of its global capacity. These figures don't reveal which of those EVs get sold in China or get exported from there, but this trend is not Tesla's friend. Through April, Tesla's share of China's battery EV market had fallen by more than half over the past four years, according to data compiled by New AutoMotive, a UK-based research firm. Also Read: Electric debacle: Tesla's troubles started before Musk wore the MAGA cap The numbers also suggest deteriorating economics. On a simple, calendar-day basis, they imply Shanghai factory utilization of 76% in May. That isn't terrible, but it's down significantly from last May. So far this year, excluding the month of February when Tesla was retooling for the refreshed Model Y, implied utilization is running 10 points lower than the same period in 2024. Speaking of that updated Model Y, it isn't a good sign that Tesla has already offered incentives like zero-percent financing in China. Taken together, lower capacity utilization, implying higher fixed costs per vehicle and higher discounts, meaning less net revenue, point to a continuing problem with what was all too apparent in Tesla's first quarter results: Crushed profit margins in its main business. Unlike Tesla's weaker EV sales in other important markets such as California and Europe, the slide in China has nothing to do with Musk's politics. Tesla's reputation within China remains high, viewed as an essential catalyst in revolutionizing the quality and scale of the country's auto sector. Except that 'catalyst' isn't quite the right word, because the beauty of catalysts is that they spark transformations but don't get used up in the process. In this case, it would be more accurate to call Tesla a reactant, because the domestic Chinese EV industry spurred on by its example is now eating it alive. Also Read: Mint Quick Edit | BYD versus Tesla: Let merit decide pole position While Tesla's share of China's battery EV sales is down to about 10% so far this year, that drops to 5.8% when you include other so-called 'new energy vehicles' (NEVs) such as plug-in hybrids, according to figures compiled by Goldman Sachs. Competitors including BYD, which holds about 27% of China's NEV market, are now delivering the sort of excitement that Tesla used to in terms of looks, range and driver assistance features—and at lower prices. Xiaomi, the smartphone maker, is in the process of launching the YU7, a high-tech, fast-charging electric SUV that resembles a Porsche or Ferrari but is perhaps best pictured as a Model Y-seeking missile. In an alternate dimension, China would serve as a hothouse laboratory for Tesla to hone world beating, profitable EVs that might even be exported to its home market. In the dimension we've got, Musk has seemingly lost his ambition to develop brand new, affordable EVs that can compete across the world. Tesla's last genuinely new model, the Cybertruck, is certainly big but only about as 'beautiful" as the Trump tax bill that Musk now openly derides as an 'abomination." While Tesla sits apart from the legacy automakers in the US, Germany and Japan in many respects— certainly in terms of valuation—it has, like them, seen its position in China weaken rapidly. And regardless of Musk's latest posts on X, he worked hard to secure the election of a president and Congressional majority intent on crushing EV sales in the US. With the end of the second quarter approaching, and the sales figures emanating from China and Europe portending another set of weak earnings, it is perhaps little wonder that this narrative is crowded out by all manner of other things. Musk, who ditched Tesla's public relations team and routinely denounces the media as 'propaganda" has nonetheless plunged into a media blitz of late, and has now whipped up a new political intrigue. Also Read: Tesla's slump: When social intelligence clashes with artificial intelligence Is the break with Trump real? My litmus test: watch out if @elonmusk posts a picture of a taco. [His other jabs at Trump on X seem convincing enough]. Plus, of course, we have the imminent launch of Tesla's self-driving cars in Austin, Texas. Whatever they actually turn out to be, with the always dubious narrative of Musk's White House job boosting Tesla's fortunes now played out, those robotaxis constitute the main pillar supporting Tesla's triple-digit earnings multiple. Certainly, that number has nothing to do with what's happening in the biggest EV market on the planet. ©Bloomberg The author is a Bloomberg Opinion writer.
![India's Best Dedicated Server Hosting [Power-Up with Bare Metal Solution]](/_next/image?url=https%3A%2F%2Fassets.thehansindia.com%2Fh-upload%2F2025%2F06%2F06%2F1557612-server.jpg&w=3840&q=100)
![India's Best Dedicated Server Hosting [Power-Up with Bare Metal Solution]](/_next/image?url=https%3A%2F%2Fall-logos-bucket.s3.amazonaws.com%2Fthehansindia.com.png&w=48&q=75){kind=small}
Hans India
25 minutes ago
- Hans India
India's Best Dedicated Server Hosting [Power-Up with Bare Metal Solution]
Nowadays, everyone has gone digital, which means online ventures need stronger infrastructure. Choose a dedicated server with India DC to grow your online footprint with the required Linux configurations. To make it successful and power the enterprise application for high traffic. So, they need the right server hosting solution to improve performance and reliability. The dedicated server hosting in India has grown as organizations seek complete control. Providers like DomainRacer and DedicatedCore are Indian-based companies that offer affordable plans. It has little latency and control over the hardware to deliver the best dedicated server in India. For an in-depth explanation of the best dedicated server hosting in India, continue reading. It'll provide you with the advantage of the key factor so you can find to right server for yourself. Top Picked Dedicated Server Hosting Provider India 🇮🇳 - Below are the India-based finest dedicated server hosting providers with affordable plans. ● DomainRacer - Unmatched Dedicated Server Hosting for Indian Businesses ● DedicatedCore - India's Top Choice for a Secure Dedicated Server Hosting Dedicated Server Hosting Infrastructure in India: Why It Matters - The best dedicated server hosting in India has developed its digital infrastructure. When VPS hosting isn't enough then it's time to upgrade to a Britain dedicated server for better speed and privacy. With the DomainRacer, you can have a Tier IV data center for domestic hosting. It is workable and desirable for many organizations that need powerful infrastructure. Strategic Reasons to Host Within India: Hosting in India boosts speed, ensures compliance, and strengthens local trust. Below are the reasons to host within India: ● User Experience: The India dedicated server is the cheapest cost and improves application performance while reducing latency. That provides the Indian client with smooth surfing on the application or websites. ● Compliance: The dedicated physical server in India stores data with data localization policies. So, all the personal or financial data is secure with security measures. ● Operational Efficiency: You can contact the local bharat support of DedicatedCore and DomainRacer for billing in INR. They have 24/7 support to enhance service delivery with many forms of communication. DomainRacer and DedicatedCore vs. Other Server Hosting Providers - The dedicated server is a standalone server where a single client rents the whole server. It is nothing like shared hosting, where you find yourself sharing all the resources. It delivers not only reliable resources but also total access to hardware resources. The top bare metal server hosting India (Bharat) comes with exclusive access to all server resources. It means you have no competition for CPU, Memory, or disk space usage. With the DedicatedCore solution, you can run a custom OS and install your software. It offers a cheap dedicated server with full control to configure the firewall and setup. So it is an ideal option for businesses that need to set up specific technical requirements. Let's Find DomainRacer, DedicatedCore and Other Server Hosting Providers comparison- Check this comparison table that says everything. Choose Dedicated Server Hosting in India - The economy of India is digitalizing with a massive increase in apps and websites. That is with e-commerce, SaaS platforms, mobile applications, and data-sensitive services. For those, DomainRacer and DedicatedCore offer India dedicated hosting at affordable plans. To make your project excellent with a high protection surface and boosted performance. Many growing businesses choose in budget India's VPS cloud server for their hosting journey to gain better control and performance than shared hosting. This type of hosting is often used by: ● Enterprises managing large databases or websites ● Application developers need performance consistency ● Businesses requiring high security for sensitive data ● Companies with custom software and environment needs The following details are about the strategic sense of the dedicated server in India. 1. Data Localization and Compliance As many sectors have finance and healthcare, they need to govern localization policies. This becomes stricter each passing year, so the data is secure and well protected. 2. Improved Latency for Indian Users For fast access to your app data for your audience, server proximity is crucial. As it affects the data transmission speed, it will reduce loading time, which makes it faster. So, hosting within India with DomainRacer or DedicatedCore enhances data location speed. Buying the best low-cost dedicated server in Hindustan ensures lower latency for domestic users and smoother experiences. It ensures faster data load time for apps and websites on your audience server. 3. Local Support and Infrastructure The India data center has matured through phases of significant technology and compliance. The business benefits from local support, billing in INR, and convenient communication. Faster resolution with DomainRacer support through ways like calls, messages, tickets, and WhatsApp. Core Benefits of Indian Dedicated Server Hosting - Indian dedicated server hosting enhances performance, security, and compliance for businesses. Below are the benefits: ❖ Complete Resource Control With low-cost dedicated server hosting, all the resources are only for your website. The DedicatedCore offers complete resource control to manage the server as you need. This gives you server consistency and predictable, smooth performance even during traffic load. ❖ Enhanced Security Renting a dedicated server environment is completely secure, with no shared resources with others. This reduces the risk of exposure to attacks or malicious neighbors from other users. To install custom security, DedicatedCore gives total control to the India dedicated bare metal server. It eases firewall customization, installs antivirus tools, encryption protocols, and tracks server logs. ❖ Full Customization The top dedicated server hosting low price company allocates root or administrative access to you. This gives you the power to install any OS version, security suite, software, and tools. ❖ Superior Performance The reasonable plans for an ideal dedicated server in India have a high-end CPU, large RAM, and fast drives. That helps you handle and perform your workload and complex transactions with ease. ❖ Scalability and Flexibility DomainRacer has India's top dedicated server with reconfigurable and flexible resources. That's to provide their client with a server that can meet the growing demand for their project. It provides you with evolution resources like RAM, CPU, disk space, and bandwidth as your app grows. Types of Dedicated Server Hosting In India - Various dedicated server hosting plans in India cater to diverse business needs. Below are the types of Dedicated Server Hosting: A. Managed Dedicated Servers Hosting The best cheap managed dedicated server in India, with DedicatedCore, offers low-cost management. The managed services come with cPanel so they can manage OS updates, security, and backups. Ideal for business that wants to save time, and without an in-house IT team. B. Unmanaged Dedicated Servers Hosting The user handles the unmanaged dedicated server hosting aspect to manage it. This type of service provides you control over the server so you can maintain it as you like. The NVME SSD dedicated server at DomainRacer is cheap, freedom to change the server. Final Thoughts - The dedicated server hosting in India has grown as the digital economy has spread. It offers a powerful, secure, scalable solution for businesses seeking performance and control. For Indians, below are the top dedicated server hosting companies. If you want to launch an app, run sensitive data, or run high traffic, you can with DedicatedCore. It offers the best dedicated server hosting in India that is cost-effective and has a local data center in India. Your project needed speed, compliance, and reliability to thrive in their business. To fulfill your technical needs, DomainRacer offers the finest and most affordable dedicated server hosting India. So you have the capabilities to grow the server as your project and configure it. The right NVME SSD dedicated server is about choosing not only performance but also future-proofing. So you can increase the infrastructure to meet a competitive digital environment.
