mnc: Suits and sayings: Fintech firms in soup as costs escalate; home kitchen appliances king bag Japanese investment; The FMCG boss treats the team to a holiday in Dubai
From the Burmans of Dabur to the King of Good Times, he has been the brainchild of several business groups. Once he even won a mandate from Aditya Puri because, as an office neighbor, he could sneak in and out of the building without being noticed.
The maverick dealer, whose home kitchen is said to make the best undhiyu in town, finally makes a deal for himself, getting a Japanese financial house to buy into his company. He has had the Qataris on his side.
before, then got into distressed deals, picking one of the most high-profile deals from Wall Street before
leaving JV. Japan is clearly the flavor now with SMBC, Mizuho, Sumitomo and even MUFG spreading.
their wings swift and broad. The agreement, which our man went to Tokyo to sign on the dotted line, we hear, will
probably take the organization to another level. Don’t know if the love for Hibiki had anything to do with it.
You should have the answer soon.
Grab victory
A little birdie tells us that a leading PE firm was so confident of getting its hands on this recently announced clean energy deal
that some even ordered bottles of champagne early, only to realize, to their dismay, that a rival company had
piped them to the post office. That’s why they say no deal is done until it’s done. Here’s a hint: Both companies have similar
sounding name and same first letter.Next step
Ever since his breakfast with a top political functionary became the talk of the town, speculation has been rife
about the next career move of this MNC CEO who is hanging up his corporate boots after three decades of
service with their favorite company. When asked, he acknowledged discussions about a post that could use
his brainpower, but nothing is final yet. His deep experience in studying the desi market as well as brand
the building has also made him a prime target for anyone looking to stimulate demand for consumption, including
retailers making new moves in the space. But that, we can tell you with certainty, is not on the agenda, at
at least for now.
On the leaderboard
This southern-based bank, out on fundraising quests for the fifteenth time, has started meeting potential investors
on roadshows, hoping lady luck will be kinder this time. But one point in the pitch deck has puzzled most people who have laid eyes on it. It names a new non-executive chairman, a veteran of the financial services industry
the business no doubt, but his organization itself has been through a massive restructuring. We doubt his
current setup is aware he’s already thinking about jumping ship, but guess everyone has to fend for themselves, right?
Wildling on the way down?
This fintech unicorn is all over the news thanks to its senior and middle management exodus. But after a while
Having found that the business model is perhaps the root of most of the problems. These days each
the player is dependent on fin influencers to the extent that even the authorities are concerned. But unlike most people who pay these
new digital role models per project, this company decided to pay them every time a customer makes a purchase. So
a dozen trades a day, a dozen times the payment – imagine the cost of customer acquisition and the burn.
Wonder what the wise tiger has been doing while this kid is running amok.
Broken promises
The smart kit from this premium domestic investment management firm finds itself in a rather peculiar situation
which is absolutely not to my liking. After supporting the construction business of this western-based family group that
have created the headlines for allegedly planning the sale of assets, the fund experts increasingly find themselves outside the company’s key issues and the promoters’ strategic thinking. As always, promises were made before the deal, but now, after the bailout, the investor finds himself nowhere near the promised seat at the high table. There is even talk of private eyes being called in to find out what is really going on inside the company.
On the leaderboard
This southern-based bank, out on fundraising quests for the fifteenth time, has started meeting potential investors
on roadshows, hoping lady luck will be kinder this time. But one point in the pitch deck has puzzled most people who have laid eyes on it. It names a new non-executive chairman, a veteran of the financial services industry
the business no doubt, but his organization itself has been through a massive restructuring. We doubt his
current setup is aware he’s already thinking about jumping ship, but guess everyone has to fend for themselves, right?
Over the moon
So happy is this flamboyant promoter after selling his consumer brands last week for a super premium that even
he did not expect to get, he has decided to take the whole board on a trip to Dubai for a trip. Top
company professionals also enjoy the red carpet, some celebrate their birthday with their boss.
There is one thing that seems to bother some of his close associates and trusted executives: they hope
against the hope that he won’t blow all the money on a fancy toy to fly around the world.
Fashion sense?
Considering that the Young Turks in the group are looking to give this otherwise staid manufacturing business group a stylish look, the recent late-night announcement of a long-running acquisition raised several eyebrows. The group’s insiders were not too vocal about their views, as it was led by none other than the boy-to-be-king and his ace team who have obviously been given a broad mandate. But several sent out private messages for third-party validation. More so as the target company has not always performed as expected, starting with a dull stock market debut, and has been on the block for a very long time.
