- Three major US private equity firms (Carlyle, KKR, and Warburg Pincus) are in discussions to acquire a 15-18% stake in Hero Honda Motors, which could result in Honda completely exiting their partnership with Hero. - L&T's quarterly profit grew 32% to 765 crore due to higher orders, though order flows grew only 11% during the period. - Indian ayurvedic companies are seeking government intervention after Colgate-Palmolive patented the traditional Indian dental product "lal dant manjan" in the US. - Mahindra Two Wheelers saw a 451% yearly increase in scooter sales in September to 16,569

1. Weekly news
By: Mandeep Singh

2. PE stars may team up to buy 18%
in Hero Honda
• THREE leading US-based private
equity (PE) firms—
–Carlyle,
–Kohlberg Kravis &
–Roberts (KKR) and Warburg Pincus
— are likely to acquire an effective
stake of 15-18% in Hero Honda
Motors

3. • It may result into Japan’s Honda
completely exit the country’s largest
motorcycle company.
• BM Munjal-owned Hero group is in
discussions with these PE firms to
sell 60-70% stake in a special
purpose vehicle (SPV)
• to fund the acquisition of Honda’s
26% shareholding—which at
current market price is valued at
around 9,300 crore.

5. L&T Q2 net rises 32% to 765 cr
on order rush
• L & T, India’s largest engineering and
construction company, said its 2Q
profit grew 32% due to higher orders.
• L&T, which earns more than 80% of its
revenue from engineering and
construction businesses, booked a net
profit of 765 crore for the quarter
ended September, compared to 580
crore last year.

6. • “Execution of major project orders
picked up during the quarter,”
group chief financial officer YM
Deosthalee said.
• A moderate growth of 11% at
20,464 crore in order flows during
the period, mainly due to a delay in
prospect orders from public sector
and private companies.

7. • “Orders worth 40,000 crore have
been shifted for the third and fourth
quarter by the companies that
reflected a slower orderflow in the
book. However, we are confident of
an order book growth of 25% by the
end of the current fiscal year,” said
Mr Deosthalee.

8. Indian cos see red over lal dant
manjan patent
• Now patented in the US by Colgate
Palmolive.
• Indian ayurvedic companies have
sought government intervention to
cancel the potenting of its
traditional product.

9. Mahindra Two Wheelers sales up
451% in September
• Best monthly sales of 16,569
scooters in September.
• A whopping 451% increase year-on-
year.
• ‘Powerscooter strategy’ targeting
youth with its peppy looks and 125cc
power engine.
• 300cc Mojo is a lifestyle bike, an

10. TCS joins $2b revenue club in
Q2, net up 32%
• Profit rose 32% to 2,169 crore for
the July-September quarter.
• Globally, the company is now the
ninth-largest IT services firm when
measured by sales and the third by
market capitalisation.

11. Wipro fails to match peers, net up just
10% to 1,285 cr
• Net profit for the September quarter
rose 10% to 1,285 crore.
• Lower than 1,319 crore reported
during the first quarter ended June
this year.
• Operating margins, also came down
to 22.2% during the second quarter,
from 23.7% reported during the same
period last year.

12. Honda recalls 528,000 cars
• Recalling 528,000 vehicles world-
wide due to potential problems with
a master brake cylinder seal.
• Recall, similar to one by Toyota
Motor Corp for about 1.5 million
vehicles worldwide.

13. Ctd…
• The same supplier, ADVICS Co
Ltd, a privately held Japanese
company with a unit in the United
States, made the seals for both
major automakers.