Parliament Winter Session will start from December 15, 2017, and last till January 5, 2018. Nearly 25 pending bills and 14 new ones, including Goods and Services Tax (GST) and Muslim women rights, will be picked up in the session spread over 22 days. Main issues in the session will be supplementary demand for grants, Constitutional amendment Article 123 (Constitutional status to backward classes), Muslim women Right on Marriage 2017 bill and three ordinances including GST compensation to states.
Walt Disney Co has struck a deal to buy film, television and international businesses from Rupert Murdoch’s Twenty-First Century Fox Inc for $52.4 billion in stock. Disney’s global footprint also expands with the acquisition of Fox’s international satellite assets, including Star TV network in India and a stake in European pay-TV provider Sky Plc.
Global consumer brands investor L Catterton has agreed to acquire controlling interest in Impresario Entertainment and Hospitality, which operates casual dining brands and hangout bars like Smoke House Deli, Salt Water Cafe and Social. The restaurateur Riyaz Amlani is selling a small part of his holding, but will retain a sizeable minority interest and continue to run the business.
Mid-market private equity firm Gaja Capital has invested Rs.160 cr. in premium dining platform Massive Restaurants owned by celebrity food chef Jiggs Kalra and his son Zorawar Kalra. With this round, the total capital raised by Massive Restaurants stands at Rs.220 cr.
Adani group’s non-banking financial services arm has invested Rs.100 cr. in BSCPL Infrastructure, which is mainly engaged in road construction. BSCPL Infrastructure is an engineering, procurement construction (EPC) and development infrastructure company focused primarily on the road sector.