RIL-Apollo leads the race for Boots Pharma series
Walgreens Boots Alliance Inc. in the UK, a consortium of Reliance Industries Limited (RIL) and buyout firm Apollo Global Management Inc. Key Boots has emerged as the strongest contender to acquire the pharmacy unit, two people directly aware of the matter said.
The people, without specifying the exact bid, said the consortium has valued the assets between $7-8 billion. Walgreens, a Chicago suburb, put its Boots business on the block in December, seeking a valuation of $8.8 billion. (read more)
Don’t overlook the risks of fractional investing in real estate
Partial ownership is a way for small investors to own physical real estate through an alternative investment route. Online platforms like Strata, Hbits, PropertyShares, Bhiway etc. allow individuals to invest 25 lakh and above in pre-lease Grade A commercial properties and earn an average rental yield of 10%. (read more)
Center to clarify on benefits, TDS on VDA
The Central Board of Direct Taxes (CBDT) is set to issue guidance notes on two major tax proposals introduced in the Union Budget for FY 2013 that detail tax deduction at source (TDS) provisions to enable businesses to comply with the provisions. have a better understanding kick in. (read more)
Telcos and tech companies face off on 5G private networks
Indian telecom operators and Broadband India Forum (BIF) are at loggerheads over the issue of allowing private entities to set up captive networks with direct allotment of 5G spectrum.
The forum, which includes members such as Tata Consultancy Services, Amazon and Meta, has said that private networks are revenue generators for the government and giving 5G spectrum to set up private networks is not a security threat as the networks are public telecom networks. off and off. (read more)
OTTplay becomes aggregator with new premium platform
OTTplay, the recommendation and content discovery platform for streaming services, which was launched last year by HT Labs, has now turned into a streaming service that includes content from a range of OTT platforms. (read more)