According to Your Story, benefitsPLUS, India’s most dynamic and compelling closed-group ecommerce website acquired Snowball eRetail Services based out of Delhi to strengthen its online retail presence. The move gears up benefitsPLUS to take an even healthier slice out of the estimated Rs 47,000 Cr e-c0mmerce market.
benefitsPLUS offers services to over 100 major corporates across

Rexel, a global leader in the distribution of electrical supplies, announced Monday the acquisition of India’s AD Electronics.  Rexel entered the Indian market through the acquisition of Yantra Automation in January. The investment further strengthens Rexel’s footprint in the country with this new acquisition.
Based in Mumbai, one of India’s major industrial regions, AD Electronics is

According to the Economic Times (ET), Warburg Pincus may invest up to Rs.150 Crore in Indiamart.com. The deal may see an exit by BCCL, which had invested $3.5 million in Indianmart.com in 2007. Indiamart Intermesh is India’s largest online B2B marketplace for SMEs, connecting global buyers with suppliers.
Economic Times reported that the investment will be

Reliance Equity Advisors has invested Rs.120 Crore in Bangalore based Shankara Pipes India Ltd. The Bangalore business was incorporated more than ten years ago and is involved in the distribution of a variety of steel tubes and pipes, reported the Times of India. Shankara Pipes India is promoted by Sukumar Srinivas and has over 600

Japanese firm Arysta LifeScience Monday announced it has acquired a majority of the shares of Devidayal Sales Limited (DSL). DSL is a formulator and marketer of agrochemicals and micronutrients for the Indian and international markets. Operating from primary offices in Mumbai and Vadodara, India, the company has a distribution network of over 7,000 channel partners

Philips Monday announced it had purchased leading Indian kitchen appliance maker Preethi for an undisclosed amount. Royal Philips is a Dutch consumer electronics maker. The investment is aimed at turning the Dutch firm into a leader in India’s fast-growing market.
In a statement, Royal Philips Electronics said it has agreed to acquire the assets of the

In a bid to expand its business and offering in India, Karuturi Global Limited is to buy a 54 per cent stake in Florista India Private Limited. Florista India Private Limited is a chain of floral designing boutique stores across India. However, the deal was undertaken for an undisclosed amount. Karuturi reiterated that it plans

Valuemart Retail Ltd has acquired a 59.86 per cent stake in Residency Projects and Infratech Ltd. Valuemart Retail India Ltd said it will be purchasing the stake from the target firm’s existing promoters. Based in Bangalore, Valuemart India is keen on bolstering its position and offering by acquiring new businesses and prospects. The firm is

Kingfisher Plc is mulling commencing operations in India with the opening of its first outlets in the country. The move will be followed by a similar venture in Brazil, Latin America’s biggest and fastest growing economy. Kingfisher Plc is Europe’s biggest home-improvement retailer and its overseas venture in India and Brazil may be followed with

Reliance Capital Trustee, of the ADAG group of companies, reported that it had acquired 8.68% stake in Trent Ltd for an estimated Rs 21.2 crore. The move comes as ADAG’s introductory foray into the Indian retail sector. In the deal, the cumulative compulsorily convertible preference shares of Trent were purchased by Reliance Capital Asset Management