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Blackstone and its partners are keen to buy 74-76% of the company, valuing the business at $8-8.5 billion. If the deal goes through this will be the largest private equity buyout in India so far

Blackstone & partners look to buy up to 76% stake in Haldiram snacks valuing the business at around $8 billion

<h2>Blackstone and its partners are keen to buy 74-76% of the company, valuing the business at $8-8.5 billion. If the deal goes through this will be the largest private equity buyout in India so far</h2>

A consortium led by Blackstone, the world&rsquo;s largest private equity fund, along with Abu Dhabi Investment Authority (ADIA) and GIC of Singapore, submitted a non-binding bid late last week to acquire a controlling stake in Haldiram Snacks Food Pvt Ltd, reported The Economic Times. Haldiram Snacks Food Pvt Ltd is the combined packaged snacks and foods business of the Delhi and Nagpur factions of the Agarwal family.
If the deal goes through, this will be the largest private equity buyout in India so far.
<h3>Bite into Haldiram stake</h3>
As per The Economic Times, Blackstone and its partners are keen to buy 74-76% of the company, valuing the business at $8-8.5 billion (Rs 66,400-70,500 crore). ADIA and GIC are limited partners or sponsors of Blackstone's global funds.
Meanwhile, any transaction will be approved only upon the successful merger that is still underway between the Nagpur and Delhi factions. This is a part of a plan approved by the National Company Law Tribunal (NCLT) which is expected to be completed in the next three-four months. The merger was approved last April by the Competition Commission of India.
As per The Economic Times, Blackstone has also sounded out its Canadian and other Asian LPs. They may also participate if the deal talks progress or the total cheque size goes up. However there is no guarantee that the non-binding bid will translate into a deal.
<h3>Haldiram Rejig</h3>
Two factions of the Haldiram family demerged their FMCG or packaged foods business and their restaurants business into two separate entities. Later the Nagpur faction-led Haldiram Foods International Pvt Ltd (HFIPL) and Haldiram Snacks Pvt Ltd (HSPL) led by the Delhi family was merged to create a new entity--Haldiram Snacks Food Pvt Ltd (HSFPL).
Once the merger is completed the Delhi side of the family led by Manohar Agarwal and Madhu Sudan Agarwal will own 55% of Haldiram Snacks Food Pvt Ltd while the Nagpur faction led by Kamalkumar Shivkisan Agrawal will own the rest.
Also watch: <a href="https://www.editorji.com/business-news/tata-consumer-products-and-haldiram-s-deny-stake-purchase-talks-amidst-reports-1694078909598">Tata Consumer Products and Haldiram's deny stake purchase talks amidst reports</a>

OnePlus' new flagship phone, the OnePlus 11 5G has gone live on sale

OnePlus 11 5G goes on sale: Check details

OnePlus' new flagship phone, the OnePlus 11 5G has gone live on sale

The OnePlus 11 5G is now up for grabs on Amazon. The base 8GB RAM + 128GB storage variant is priced at ₹56,999 and the 16GB RAM + 256GB storage variant is priced at ₹61,999. People buying the device can avail ₹1,000 off on ICICI bank cards from the OnePlus online store and Amazon. Buyers will also get 100GB of Google One subscription for 6 months and 6 months of free Spotify Premium with the purchase of the OnePlus 11 5G.
The OnePlus 11 5G runs on Android 13-based OxygenOS 13 and is powered by the latest silicon from Qualcomm, the Snapdragon 8 Gen 2. The phone is powered by a 5,000mAh battery and is available in two colours: &nbsp;Eternal Green and Titan Black.

iPhone 14 is available at just ₹66,999.

 ₹13,000 Discount on iPhone 14!

iPhone 14 is available at just ₹66,999.

Flipkart is currently offering a flat ₹13,000 discount on the latest iPhone 14, with the base model available at ₹66,999.
Additionally, the iPhone 13 and iPhone 12 are also available at discounted rates. You can get the iPhone 13 at ₹59,999 and iPhone 12 &nbsp;at ₹55,999 with ₹2,000 HDFC bank discount. The sale ends on January 31st.

iQOO 11 is available on Amazon Prime's early Access sale

 iQOO 11 is available on Amazon Prime’s Early Access Sale

iQOO 11 is available on Amazon Prime's early Access sale

The iQOO 11 is now available for purchase on Amazon Prime's Early Access sale. HDFC and ICICI card holders will get a ₹5,000 discount and an additional ₹1,000 off for Amazon Prime members.&nbsp; This means the 8GB+256GB model is effectively priced at ₹50,999 and the 16GB+256GB model is priced at ₹55,999.
The iQOO 11 features a 6.78-inch 2K AMOLED display with 144Hz refresh rate and Gorilla Glass Victus. It is powered by Snapdragon 8 Gen 2 with up to 16GB RAM and 256GB storage. The phone also comes equipped with a &nbsp;50MP triple camera system, a 5,000mAh battery and 120W fast charging.

Check out the best Valentine’s Day sales and offers to celebrate the day of love without burning a hole in your pocket.

Valentine’s Day 2022: BEST discounts and offers that you should keep an eye out for

Valentine&rsquo;s Day is just around the corner and if you are in a tizzy because you think that buying a gift for your Valentine might burn a hole in your pocket, then we have for you the best deals that you should try to please your Valentine without exceeding your budget!&nbsp;
Nykaa
This famous beauty brand is offering a minimum of 30% off on personal care skin and makeup products to celebrate the occasion of Valentine&rsquo;s Day. It also gives up to 50% off on appliances and a minimum of 40% off on health and wellness products.
Myntra
Myntra is giving a minimum of 50% off on sneakers and loafers so that you can dress to impress on your Valentine&rsquo;s Day date!
Zivame
Zivame is a lingerie brand that everyone swears by! This brand is offering up to 70% off on skincare, makeup, hair care and personal wellness products.&nbsp;
Ajio
Ajio is offering 50-90% off on different brands. This offer is valid till 14th February so make sure to make good use of it and buy the best possible outfits for your Valentine.
Hamleys
Hamleys is a brand that brings out the child in you. This International brand is offering a minimum discount of 25% on all toys and products. So, if your Valentine is a kid at heart and loves mushy and colorful things, then this brand is the way to go.

Check out the best Valentine&rsquo;s Day sales and offers to celebrate the day of love without burning a hole in your pocket.

With the season of love comes the season of sales and discounts! The much-awaited Valentine&rsquo;s Day is just around the corner and thus, to celebrate the day of love, some top brands are offering unbelievably low prices and discounts.&nbsp;
So, if you are in a tizzy because you think that buying a gift for your Valentine might burn a hole in your pocket, then we have for you the best deals that you should try to please your Valentine without exceeding your budget!
Nykaa
This famous beauty brand is offering a minimum of 30% off on personal care skin and makeup products to celebrate the occasion of Valentine&rsquo;s Day. It also gives up to 50% off on appliances and a minimum of 40% off on health and wellness products.
Myntra
Myntra is giving a minimum of 50% off on sneakers and loafers so that you can dress to impress on your Valentine&rsquo;s Day date!
Zivame
Zivame is a lingerie brand that everyone swears by! This brand is offering up to 70% off on skincare, makeup, hair care and personal wellness products.&nbsp;
Ajio
Ajio is offering 50-90% off on different brands. This offer is valid till 14th February so make sure to make good use of it and buy the best possible outfits for your Valentine.
Hamleys
Hamleys is a brand that brings out the child in you. This International brand is offering a minimum discount of 25% on all toys and products. So, if your Valentine is a kid at heart and loves mushy and colorful things, then this brand is the way to go.

Amazon's annual&nbsp;Prime Day event which is blockbuster sale day for the e-commerce giant will be postponed this year for India due to the covid&nbsp;crisis and localised lockdown&nbsp;leading to delivery disruptions.&nbsp;Amazon&rsquo;s flagship Prime Day sale is scheduled to take place globally in June but will not to be launched in India at that time as per reports.&nbsp;Last year Amazon launched it's Prime Day sale in India in August and&nbsp;saw sales of as much as $500 million in the 2-day event.&nbsp;
&nbsp;

Amazon postpones Prime Day sale in India

The 2 day event that saw $500 mn in sales in India last year is postponed as the covid&nbsp;spread continues.&nbsp;

<ul>
<li>Amazon to postpone Prime Day sale in India</li>
<li>Prime Day sale not launch in India in June due to covid&nbsp;restrictions&nbsp;</li>
<li>Amazon launched 2-day sale in August 2020, saw sales of $500 mn</li>
</ul>

Amazon's annual&nbsp;Prime Day event which is blockbuster sale day for the e-commerce giant will be postponed this year for India due to the covid&nbsp;crisis and localised lockdown&nbsp;leading to delivery disruptions.&nbsp; Amazon&rsquo;s flagship Prime Day sale is scheduled to take place globally in June but will not to be launched in India at that time as per reports.&nbsp; Last year Amazon launched it's Prime Day sale in India in August and&nbsp;saw sales of as much as $500 million in the 2-day event.&nbsp;
&nbsp;

Tepid sales in February&nbsp;has&nbsp;prompted two-wheeler makers Hero Moto and Baja Auto to offer huge discounts. Bajaj Auto and Hero Moto are offering lower rates for their entry level as well as executive models, together they make up over 70% of the&nbsp;sales as per reports.&nbsp;&nbsp;
As per reports dealers are saying the discounts being offered are even larger than those in the peak festive season of October-December.&nbsp;This comes at a time when companies are facing input cost pressures as&nbsp;well .&nbsp;&nbsp;
Bajaj and Hero both reported February sales growth that was below market&nbsp;expectations.&nbsp;

Discounts ride in for two-wheelers as sales remain on the slow track

Tepid sales in February&nbsp;has&nbsp;prompted two-wheeler makers Hero Moto and Baja Auto to offer huge discounts. Bajaj Auto and Hero Moto are offering lower rates for their entry level as well as executive models, together they make up over 70% of the&nbsp;sales as per reports.&nbsp;&nbsp;
 As per reports dealers are saying the discounts being offered are even larger than those in the peak festive season of October-December.&nbsp;This comes at a time when companies are facing input cost pressures as&nbsp;well .&nbsp;&nbsp;
 Bajaj and Hero both reported February sales growth that was below market&nbsp;expectations.&nbsp;

Tepid sales in February&nbsp;has&nbsp;prompted two-wheeler makers Hero Moto and Bajaj&nbsp;Auto to offer huge discounts. Bajaj Auto and Hero Moto are offering lower rates for their entry level as well as executive models, together they make up over 70% of the&nbsp;sales as per reports.&nbsp;&nbsp;
 As per reports dealers are saying the discounts being offered are even larger than those in the peak festive season of October-December.&nbsp;This comes at a time when companies are facing input cost pressures as&nbsp;well .&nbsp;
&nbsp; Bajaj and Hero both reported February sales growth that was below market&nbsp;expectations.&nbsp;

Tepid sales in February&nbsp;has&nbsp;prompted two-wheeler makers Hero Moto and Baja Auto to offer huge discounts. Bajaj Auto and Hero Moto are offering lower rates for their entry level as well as executive models, together they make up over 70% of the&nbsp;sales as per reports.&nbsp;&nbsp;
 As per reports dealers are saying the discounts being offered are even larger than those in the peak festive season of October-December.&nbsp;This comes at a time when companies are facing input cost pressures as&nbsp;well .&nbsp;&nbsp;
 Bajaj and Hero both reported February sales growth that was below market&nbsp;expectations.&nbsp;

&ldquo;Government has no business to be in business&rdquo; that was the clear&nbsp; and concise message from PM Modi as the govt batted aggressively for privatisation. Putting the focus back onto development PM Modi reiterated that being in businesses distracts the govt from its main goals.
With over 100 assets identified its asset monetisation pipeline the Prime Minister reminded India Inc that the Rs 2.5 lakh crore that they are hoping to raise via divestment will be dedicated to development goals. PM Modi added that the government will be&nbsp;having&nbsp;public sector companies only in key strategic sectors and that too only minimum companies. &nbsp;
There were about 249 PSUs in 2018-19. Of these, 70 were loss-making, with combined losses to the tune of Rs 31,000 cr.&nbsp;

MODI’S MOTTO: MONETISE AND MODERNISE 

&ldquo;Government has no business to be in business&rdquo; that was the clear&nbsp; and concise message from PM Modi as the govt batted aggressively for privatisation. Putting the focus back onto development PM Modi reiterated that being in businesses distracts the govt from its main goals.
With over 100 assets identified its asset monetisation pipeline the Prime Minister reminded India Inc that the Rs 2.5 lakh crore that they are hoping to raise via divestment will be dedicated to development goals. PM Modi added that the government will be&nbsp;having&nbsp;public sector companies only in key strategic sectors and that too only minimum companies. &nbsp;
 There were about 249 PSUs in 2018-19. Of these, 70 were loss-making, with combined losses to the tune of Rs 31,000 cr.&nbsp;

&ldquo;Government has no business to be in business&rdquo; that was the clear&nbsp; and concise message from PM Modi as the govt batted aggressively for privatisation. Putting the focus back onto development PM Modi reiterated that being in businesses distracts the govt from its main goals.
With over 100 assets identified in its asset monetisation pipeline the Prime Minister reminded India Inc that the Rs 2.5 lakh crore that they are hoping to raise via divestment will be dedicated to development goals. PM Modi added that the government will be&nbsp;having&nbsp;public sector companies only in key strategic sectors and that too only minimum companies. &nbsp;
 There were about 249 PSUs in 2018-19. Of these, 70 were loss-making, with combined losses to the tune of Rs 31,000 cr.&nbsp;

Poco has announced discounts of up to ₹1,500 on its smartphones in India as part of its Mobile Year End Sale. 

Flipkart Mobile Year End Sale 2020: best deals on Poco phones

Poco has announced discounts of up to ₹1,500 on its smartphones in India as part of its Mobile Year End Sale.

Poco has announced discounts of up to ₹1,500 on its smartphones in India as part of its Mobile Year End Sale. The Poco X3 is now available at a starting price of ₹15,999. Meanwhile, The Poco M2 and Poco M2 Pro have also been discounted and are now effectively priced at ₹9,999 and ₹12,999 respectively for the base variants. The affordable Poco C3 is now up for grabs at a starting price of ₹6,999. The Poco Days sale on Flipkart will continue until December 31.

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