Forbes & Co sells Eureka Forbes but money would go directly to the shareholders

Shapoorji Pallonji Group has decided to sell Eureka Forbes business to the Private Equity (PE) giant, valuing business at Rs 4,400 crore. Eureka Forbes is a 100% subsidiary of the listed group entity Forbes & Co (Forbes). Structuring of the transaction is very interesting – Normally, in such transactions, the holding company (Forbes in this … Read more

Rakesh Jhunjunwala to invest in Syska LED Lights

Rakesh Jhunjunwala’s Rare Enterprises and its partners have signed a term sheet to invest in Syska LED Lights Pvt Ltd, promoted by the Uttamchandani family. In accordance with the terms of the signed term sheet, about 15% of the funds have been deployed already. It is expected that the transaction should conclude in the next … Read more

The rare side of Godrej Industries next boss Nadir Godrej

RPG Enterprises Chairman Harsh Goenka shared a video in which Nadir Godrej, MD of Godrej Industries, is seen reciting a moving poem for brother Adi Godrej marking his retirement as Godrej Industries Chairman. 79-year-old industrialist Adi Godrej will step down as chairman of Godrej Industries Ltd (GIL) after more than four decades, with effect from … Read more

Steve Jobs’ most magical feat took a decade to reveal itself

When Steve Jobs resigned as Apple CEO in August 2011, it marked the end of an epic 15-year burst of creative and commercial energy. Jobs’ successor, Tim Cook, was a skilled operator with no evidence of product vision. Even the most bullish Apple fans would not have imagined what’s happened since Cook took over. See … Read more

Jeh Wadia exits all listed group companies

There is something cooking at the Wadia group. After stepping down as MD from the family controlled Go Airlines (rebranded as Go First) and Bombay Dyeing in March 2021, Jehangir Wadia (48, younger son of Nusli Wadia) has now stepped down from the boards of Britannia Industries and Bombay Burmah Trading Corporation (BBTC). There is … Read more