Latest news with #Maheshwari
Mint
2 hours ago
- Business
- Mint
JP Morgan expects surge in India Inc.'s appetite for overseas acquisitions
Indian companies are increasingly looking to acquire assets overseas to gain access to technology and bolster manufacturing assets, senior executives at investment bank JP Morgan told Mint. 'India outbound could be quite relevant in the years to come, especially in a three-to-five-year timeframe. There are live conversations that are starting to happen with target companies that our clients have tracked historically," said Nitin Maheshwari, co-head of investment banking at JP Morgan in India. Maheshwari said global assets have become more affordable and Indian companies are able to fund acquisitions 'because they have a stronger balance sheet and a valuable currency (such as listed securities)". Maheshwari, head of mergers & acquisitions (M&A) and financial sponsors for India, and Ravi Shankar, head of technology, media and telecommunications and consumer & retail for India, were named co-heads of investment banking at JP Morgan in India on 27 January. 'Capital markets are enablers of M&A – meaning, for an Indian buyer looking at an asset, their ability to pay top dollar is higher if they trade at high multiples," Shankar told Mint. Several Indian companies have already looked overseas to make acquisitions. RPG's Ceat acquired Camso in a $200 million acquisition last year. Over the last few months, IT services giants Infosys acquired The Missing Link, an Australian cybersecurity firm, and MRE Consulting, a technology consultancy in the United States, in April. Wipro has also struck multiple overseas acquisitions in recent years. In January, Intas Pharma acquired US-based Coherus Biosciences in an over $558 million investment. Also Read: JP Morgan's Mookim seeks bright spots amid earnings lull in Indian markets Focus on manufacturing The growing importance of manufacturing globally is likely to make this segment ripe for M&A, the executives added, noting that Indian firms are either buying for skills, and technology, or looking at some geographic presence to diversify their business globally. 'The big opportunities for India Inc globally are on the manufacturing side – this could actually reshape supply chains for global companies and actually drive a lot of traffic to India," Shankar said. Maheshwari added that this could be segments such as speciality manufacturing, auto, auto components and pharmaceuticals. 'None of the Indian pharma companies have leverage and they have the ability to go out and buy specialty products, and continue to move up in the value chain," he added. The Indian manufacturing sector has been driven by the global corporate requirement to invest in diversified supply chains. Several large tech firms have set up manufacturing hubs in India to meet the global demand. US tariffs in manufacturing sectors could also induce Indian firms to acquire assets in parts of the US. Also Read: Time to re-imagine Indian manufacturing from the ground up In recent transactions in India, JP Morgan was advisor to SMBC in its acquisition of a stake in Yes Bank and advisor to IBS Software, which is set to be acquired by Blackstone. JP Morgan also advised Walmart on its acquisition of Flipkart in 2018 and subsequent $3.6 billion fundraise. It also advised the $3.1 billion sale of Hexaware by Baring Private Equity Asia (now EQT) in 2022.
India Gazette
a day ago
- Politics
- India Gazette
UP CM Yogi Adityanath takes part in Agra event on 300th birth anniversary of Ahilyabai Holkar, highlights her contribution
Agra (Uttar Pradesh) [India], June 1 (ANI): Uttar Pradesh Chief Minister Yogi Adityanath on Sunday attended an event on the occasion of the 300th birth anniversary of Lokmata Ahilyabai Holkar in Agra and highlighted her contribution to women's empowerment, farmers and youth. 'Maharani was from the Malwa empire, which covered areas in Maharashtra and Madhya Pradesh... This event is a celebration of the work she did 250 years ago. She worked for the restoration of temples and India's identity and faith, that's why we are celebrating the 300th birth anniversary of Lokmata,' CM Adityanath said while addressing the gathering in Agra. Praising her contributions, he said, 'Whatever Lokmata Ahilyabai Holkar did for women empowerment, for artisans, farmers, youth, security and for saving India's heritage is unforgettable... Inspired by this, today, the double-engine government under the leadership of Prime Minister Modi is working to take all the programs forward in a systematic manner,' he added. Vice President Jagdeep Dhankar was also present at the event. 'Today is a day filled with immense pride and emotion for me. I consider myself blessed to be a witness to this historic occasion. On this occasion, we will have to take inspiration and we will have to take a pledge that we will follow her ideals.' Earlier, Prime Minister Narendra Modi addressed the Lokmata Devi Ahilyabai Mahila Sashaktikaran Mahasammelan in Bhopal, Madhya Pradesh, where he inaugurated and laid the foundation stone of multiple development projects in the city. Speaking at the event, he began by paying tribute to 'Maa Bharati' and acknowledging the strength of India's women. He expressed gratitude for the large gathering of sisters and daughters who had come to bless the event, stating that he felt honoured by their presence. Quoting Devi Ahilyabai, he reiterated that true governance means serving the people and improving their lives. He remarked that today's program embodies her vision and carries forward her ideals. The Prime Minister noted the launch of the Indore Metro, along with the addition of air connectivity for Datia and Satna. Lokmata Ahilyabai Holkar is remembered for her people-centric policies, deep commitment to economic and socio-cultural issues, especially those that affected the life of women. She encouraged the education of women and their participation in the social and religious life of the local community. She supported and encouraged women weavers to make Maheshwari sarees. Her contributions were wide-ranging, from infrastructure development (water bodies, roads, dharamshalas) to reconstruction and revival of temples across the length and breadth of the land. The edifices created by her have not only left an indelible mark on India's cultural and spiritual landscape but also stood the test of time. (ANI)
India Gazette
2 days ago
- Politics
- India Gazette
Gujarat Chief Minister Bhupendra Patel witnesses a light and sound multimedia show titled 'Punyashlok Devi Ahilyabai'
Gandhinagar (Gujarat) [India], June 1 (ANI): Chief Minister Bhupendra Patel attended the 'Punyashlok Devi Ahilyabai' Light and Sound Multimedia Show held at Vastral, Ahmedabad. According to a release, on the occasion of the 300th birth anniversary celebration of Devi Ahilyabai Holkar, Minister of Cultural Activities Mulubhai Bera, Minister of State Jagdish Vishwakarma, and Mayor of Ahmedabad Smt. Pratibha Jain also witnessed the Gujarati play based on the multimedia show depicting the life and legacy of the revered queen. Expressing gratitude to Prime Minister Narendra Modi and the armed forces for the resounding success of Operation Sindoor, Chief Minister Bhupendra Patel remarked that Indian history is replete with courageous warriors and valiant women who fought bravely and emerged victorious. Punyashlok Devi Ahilyabai Holkar was not only a brave ruler and a skilled warrior but also a protector of faith and culture. At a time when battlefields were dominated by men, Ahilyabai fearlessly took up the sword and shield, leading her forces with unmatched determination. According to the release, the Chief Minister further remarked that Devi Ahilyabai demonstrated how the same hands that nurture an infant are equally capable of wielding a sword when circumstances demand. Emphasising this point, he noted that Prime Minister Narendra Modi has advanced the legacy of women's empowerment championed by Punyashlok Ahilyabai, under the guiding ethos of 'Virasat Bhi, Vikas Bhi'.' 'Devi Ahilyabai's strategic acumen and martial prowess have always been highly acclaimed. During her reign, she established a model of good governance and set remarkable ideals that continue to inspire generations,' CM Patel said. As per the release, speaking further about the invaluable contributions of Devi Ahilyabai, the Chief Minister stated that during her reign, she set remarkable examples of good governance while undertaking inspirational work in areas of public interest such as justice, education, social welfare, religious welfare, and water conservation. She played a significant role in the upliftment of women and the underprivileged sections of society. Devi Ahilyabai Holkar made a profound contribution to the preservation of our heritage and religious values. She was instrumental in the renovation and reconstruction of several important religious sites, including the Kashi Vishwanath Temple, Somnath Temple, and Mahakaleshwar Temple. As per the release, elaborating further, the Chief Minister added that Devi Ahilyabai also initiated several noteworthy measures in the field of social welfare. She empowered tribal and economically disadvantaged women by promoting the hand-weaving of Maheshwari sarees, helping them become Aatmanirbhar. PM Narendra Modi has worked towards preserving heritage alongside development. In her memory, the Prime Minister has issued a commemorative postage stamp and a special Rs 300 coin. The Chief Minister concluded by stating that we should all draw inspiration from the life of Devi Ahilyabai and contribute to building an inclusive, prosperous, and secure India. He also lauded the initiative of the state's Youth and Cultural Activities Department for organising the 'Punyashlok Devi Ahilyabai' Light and Sound Multimedia Show, based on the life of this legendary icon of Sanatan culture. Ahmedabad City BJP President Prerak Shah, in his welcome address, greeted all attendees and stated that Devi Ahilyabai Holkar made invaluable contributions in the fields of religious and social upliftment, including the renovation of the Somnath Temple. It is noteworthy that in celebration of the 300th birth anniversary of Devi Ahilyabai Holkar, the Department of Sports, Youth, and Cultural Activities, Government of Gujarat, in collaboration with the Commissioner of Youth Services and Cultural Activities, Gandhinagar, organized the 'Punyashlok Devi Ahilyabai' Light and Sound Multimedia Show at Shyamaprasad Mukherjee Hall in Vastral, Ahmedabad. The event was graced by the presence of political leaders, including Ratnakarji, Member of Parliament Dinesh Makwana, city MLAs, the Deputy Mayor of Ahmedabad, local councillors, dignitaries from the Ahmedabad Municipal Corporation, former MLAs, and former Mayors. (ANI)
India Gazette
2 days ago
- Politics
- India Gazette
Congress leader Rahul Gandhi pays tribute to Ahilyabai Holkar on her 300th birth anniversary
New Delhi [India], May 31 (ANI): Congress leader Rahul Gandhi on Saturday paid tribute to Ahilyabai Holkar on her 300th birth anniversary. He called her a symbol of public service, an example of woman power and welfare governance. Taking to social media, X, Rahul Gandhi, wrote, 'Respectful tributes to Ahilyabai Holkar ji, a symbol of public service, an example of woman power and welfare governance, on her 300th birth anniversary.' 'Her life dedicated to justice and sacrifice is an inspiration for all of us today,' the post further reads. Earlier in the day, Prime Minister Narendra Modi paid floral tribute to Ahilyabai Holkar during the 'Lokmata Devi Ahilyabai Mahila Sashaktikaran Mahasammelan' programme, at Jamburi Maidan in Bhopal. PM Modi attended an exhibition in Bhopal that chronicles Ahilyabai Holkar's life, works, and contributions to Indian society and culture. During the program, Madhya Pradesh governor Mangubhai Patel welcomed the Prime Minister Narendra Modi by offering him a portrait of Devi Ahiyabai Holkar and Chief Minister Mohan Yadav felicitated him by putting a special Turban on his forehead. Additionally, several women from various fields also felicitated the Prime Minister at the programme on the occasion. Also, Union Health Minister JP Nadda and Rajasthan Chief Minister Bhajanlal Sharma attended the 'Women Empowerment Conference' in Jaipur, which was organised on the occasion of Lokmata Devi Ahilyabai Holkar's 300th birth anniversary. Lokmata Ahilyabai Holkar is remembered for her people-centric policies and deep commitment to economic and socio-cultural issues, especially those that affected women's lives. She encouraged women's education and participation in the social and religious life of the local community. She also supported and encouraged women weavers to make Maheshwari sarees. Her contributions were wide-ranging, from infrastructure development (water bodies, roads, dharamshalas) to reconstruction and revival of temples across the length and breadth of the land. The edifices she created have not only left an indelible mark on India's cultural and spiritual landscape but also stood the test of time. (ANI)
India Gazette
2 days ago
- Politics
- India Gazette
"Ahilyabai Holkar was not just a ruler, but also a symbol of women empowerment": Haryana CM Saini
Kurukshetra (Haryana) [India], May 31 (ANI): Haryana Chief Minister Nayab Singh Saini on Saturday paid rich tributes to Lokmata Devi Ahilyabai Holkar on the occasion of her 300th birth anniversary. Addressing the state-level Holkar Jayanti Samaroh, the Chief Minister stated that Ahilyabai Holkar was not just a ruler, but also a symbol of women's empowerment. Chief Minister Saini lauded Ahilyabai Holkar's contributions, especially her efforts in restoring sacred temples across India during times of historical turbulence. '... When some Mughals tried to destroy our temples, Mata Ahilyabai Holkar opened up her coffers for the welfare of the poor. Whether it is Kashi Vishwanath temple or Somnath temple, she worked to complete construction of these temples. Not only temples, she worked for the religion and culture. We bow to her. PM Modi is taking her work forward... the construction of Kashi Vishwanath Corridor is the completion of her work. Ahilyabai Holkar Ji was not just a ruler, but also a symbol of women empowerment,' CM Saini said. In a social media post on X, the Chief Minister further lauded Ahilyabai Holkar for her contributions in the field of religion, justice, public service, women empowerment and cultural renaissance, calling it a 'source of inspiration' for the society. CM Saini wrote, 'Today, it is a matter of pride and honour for me to participate in the state-level function organised on the 300th birth anniversary of Lokmata Devi Ahilyabai Holkar ji in Kurukshetra under the 'Saint Mahapurush Samman and Vichar Prasar Yojana'. The exemplary work done by Lokmata Devi Ahilyabai Holkar in her life in the field of religion, justice, public service, women empowerment and cultural renaissance is still a source of inspiration for the society.' 'Our Government, under the leadership of Hon'ble Prime Minister Shri @narendramodi ji, following the path shown by Lokmata Devi Ahilyabai Holkar ji, is not only preserving the cultural heritage of the country but also realizing the resolve of 'Sabka Sath, Sabka Vikas, Sabka Vishwas,' the post added. Lokmata Ahilyabai Holkar is remembered for her people-centric policies, deep commitment to economic and socio-cultural issues, especially those that affected the life of women. She encouraged the education of women and their participation in the social and religious life of the local community. She supported and encouraged women weavers to make Maheshwari sarees. Her contributions were wide-ranging from infrastructure development (water bodies, roads, dharamshalas) to reconstruction and revival of temples across the length and breadth of the land. The edifices created by her have not only left an indelible mark on India's cultural and spiritual landscape but also stood the test of time. (ANI)
