Strategic issues in merger and acquisition

Israeli Prime Minister Benjamin Netanyahu (File image: Reuters) Prime Minister Benjamin Netanyahu will attend a ceremony here on Tuesday to celebrate the successful entry of the Adani Group in Israel through its acquisition of the Haifa port, which is being seen as a "strategic purchase" and probably the biggest foreign investment in this country in any sector. A consortium of Adani Ports and Special Economic Zone (APSEZ) and Israel's Gadot Group won the tender in July last year to privatise the Port of Haifa in Israel for a staggering USD 1.18 billion. It completed the process of purchase on January 11 this year, following which upgradation work has been going on in full swing at the port. The Indian partner in the consortium holds 70 per cent of the stake while its local partner has 30 per cent. Gautam Adani, the Founder and Chairman of the Adani Group, will also attend the ceremony at Haifa Port Temporary Cruise Terminal in this northern coastal city of Israel on … [Read more...] about PM Benjamin Netanyahu to attend ceremony marking Adani Group’s entry into Israel through Haifa port acquisition

Adani Group The Adani Group's entry into Israel through its strategic acquisition of the Haifa port will turn this northern coastal Israeli city into a strong and exciting Mediterranean hub, the city's mayor said on Tuesday. A consortium of Adani Ports and Special Economic Zone (APSEZ) and Israel's Gadot Group won the tender in July last year to privatise the Port of Haifa for a staggering USD 1.18 billion. It completed the process of purchase on January 11 this year, following which upgradation work has been going on in full swing at the port. The Indian partner in the consortium holds 70 per cent of the stake while its Israeli partner Gadot has 30 per cent. Haifa Mayor Dr Einat Kalish-Rotem said the development would help realise the long-term goals of the city, turning it into a strong, exciting and a real sea-city in the Mediterranean. The Port of Haifa is the second largest port in Israel in terms of shipping containers and the biggest in shipping tourist cruise … [Read more...] about Adani Group’s port acquisition will turn Israel’s Haifa city into strong Mediterranean hub: Mayor

In recent weeks, generative AI seems to have popped up everywhere in the mainstream—via the popularity of ChatGPT , the proliferation of text-to-image tools, and as avatars in our social media feeds. But beyond fun smartphone apps and handy ways for students to shirk essay-writing assignments, global adoption of AI will fundamentally change the way businesses operate, innovate, and scale in the near future. Babson College Professor Thomas Davenport and Nitin Mittal, head of U.S. artificial intelligence growth at Deloitte, are the authors of All In on AI: How Smart Companies Win Big With Artificial Intelligence , which will be published in late January 2023. Their book examines how companies including Alphabet, Ping An, Airbus, Walmart, and Capital One leverage AI in business strategy, key processes, change management, and competition. Here, Davenport and Mittal provide Fast Company with a primer on Generative AI along with an excerpt from their book offering an … [Read more...] about AI is having a moment—here’s how businesses can lean in

Share to Twitter Share to Linkedin Virtual monopolies exist in almost every healthcare sector: from hospitals and health systems to medical groups and single specialties backed by private equity. With so much consolidation of power and influence, U.S. healthcare has become a conglomerate of monopolies ; the subject of this continuing series. When it comes to claiming market control, pharmaceutical companies stand apart from healthcare’s other monopolies. Whereas hospitals and health systems rely primarily on mergers and acquisitions, drug companies employ a slew of powerful tactics: from legislative protections and legal loopholes to stonewalling would-be competitors and more. But there is one thing that unites all healthcare monopolies: As their powers expand, they become complacent. And when that happens, innovation dies and Americans pay the price, both with their wallets and their health. Exorbitant vs. unfair pricing The rising … [Read more...] about Pharma Companies: A Conglomerate Of Monopolies

Technology The Economic Survey 2023 has found a 15.5 percent growth in revenue for the Information Technology-Business Process Management (IT-BPM) sector in FY22, as against a 2.1 percent growth a year back. Fast-paced digital transformation across client industries, technology convergence use cases, and adoption of enterprise-scale data and cloud strategy seen during the Pandemic years have fostered the growth in topline, the Survey said. Even the IT-BPM sub-sectors showed double-digit revenue growth. Within the IT-BPM sector, IT services accounted for over 51 percent revenue share. Exports, including hardware, grew by 17.2 percent in FY22, up from 1.9 percent in FY21, owing to an increased reliance of businesses on technology, rollout of cost-reducing measures and the use of core operations. Growth in exports came from all major markets, including the US, Europe and the UK. Focus on emerging markets like the Middle East and Latin America too have increased, leading to … [Read more...] about Economic Survey 2023: IT-BPM revenue grows 15.5% in FY22 on digital transformation

Share to Twitter Share to Linkedin Mike Faber, cofounder of Vendo , a marketplace SaaS empowering anyone to launch their own eCommerce business with domestic brands as sellers. Most big retailers are doing it or planning to . Third-party marketplace sales, also known as dropshipping, are instrumental to the success of retailers such as Walmart , Macy’s , Best Buy in the U.S. and Boots or Superdrug in the U.K. Now it’s time for small and medium e-commerce businesses to catch up. The economic downturn is a perfect time to start your own marketplace. Why are smaller e-commerce businesses missing out on the opportunity to reinvent their business with new inventory, new product categories and new customer segments? They don’t have the playbook for scalable domestic dropshipping or the resources to figure it out by trial and error. So here it is. In order to unlock DTC growth with tens of domestic brands as sellers, you need to first … [Read more...] about A Playbook For DTC E-Commerce Growth In A Third-Party Marketplace Model

JPMorgan Chase is now seeking damages from Charlie Javice and “Frank” is now shuttered. (Image: mrmaiko/Twitter) JPMorgan Chase is suing an entrepreneur and former CEO for allegedly fabricating data to con investors into buying her education startup. 30-year-old Charlie Javice sold her startup “Frank” for $175 million to the US financial company in 2021, five years after the Ivy league graduate founded the company that helped students apply for financial aid in college. Javice was appointed as a managing director at JPMorgan overseeing student-focused products after the acquisition of “Frank”. She and her former company’s chief growth officer Olivier Amar, also named in the lawsuit, both reportedly received $26 million in the deal “they would not have have received but for their misconduct,” JPMorgan said. Then the problems cropped up. Javice had claimed “Frank” had over 4 million customers, leading JPMorgan Chase to make the expensive acquisition. Now, the company says, … [Read more...] about This ex CEO, 30, allegedly fooled JPMorgan into buying her startup for $175 million

Share to Twitter Share to Linkedin This article focuses on the noncash charitable reporting requirements themselves, specifically Form 8283, and on how IRS has cited technical noncompliance with these requirements — footfaults, if you will — in disallowing claimed deductions even where there is no actual dispute as to valuation. If your only tool is a hammer… But first we should take a step back and ask, how did we get here? And as is very often the case, the answer is that years ago the Treasury asked the Congress to give it the necessary tools to more readily identify perceived abuses, in this case the overvaluation of contributed property. The tax Code provides a set of strong incentives for contributions of appreciated property to public charities. Donors avoid recognition of long term capital gain, but may also get a deduction at fair market value, which offsets ordinary income. Yes, the deduction is limited to 30 percent of your adjusted … [Read more...] about Qualified Noncash Charitable Appraisals: Reporting Compliance And Toeing The Line

Share to Twitter Share to Linkedin As we move into the second month of the year, dust is beginning to settle on the rush of early predictions for the fortunes of the airline industry in 2023. After the first few weeks of trading and the start of earnings season, we now have some better clues as to how the year ahead may play out. Ryanair, as a bellwether for the industry, points to reasons for optimism. How will 2023 play out? In Europe, the Ukraine war continues with no sign of an early ending. Household budgets are being squeezed by higher fuel bills and inflationary pressures. The UK economy looks weaker than its peers. There are many unknowns, but in survey after survey we see that people still want holidays and will prioritise them above other discretionary expenditures if they have the means available. In the US there has already been optimism from the major network carriers as to the outturn of the first quarter. United for example has indicated it … [Read more...] about Ryanair Results Point To A Better Year For Europe’s Airlines In 2023

Share to Twitter Share to Linkedin T-Mobile is the first among the U.S. wireless providers to announce a net-zero target for its entire carbon footprint – Scopes 1, 2 and 3— that has also been validated by the Science Based Targets initiative’s (SBTi).Using a science-based approach, T-Mobile has set two targets to guide its near-term and long-term emission reduction actions. The Un-Carrier aims to reduce absolute Scope 1,2, and 3 GHG emissions 55% by 2030, and as part of its net-zero goal, it aims to reduce absolute emissions by 90% by 2040. “We're really excited to be able to announce this goal finally,” said Brigitta Witt, Vice President, Social Impact and Sustainability at T-Mobile. “It's incredibly important to us to make sure that we're rigorous in our approach and that we're very thoughtful in what we communicate. This is because our work in sustainability aligns incredibly well with our mission to be the best in the world at connecting people to … [Read more...] about T-Mobile Announces Net-Zero Target Across Its Entire Carbon Footprint By 2040 And Joins The Climate Pledge.