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Bain Capital sole contender for Vitabiotics buy

Mumbai: Bain Capital has emerged as the frontrunner to acquire Vitabiotics, UK’s largest nutraceutical company, as the private equity firm looks to bet on growing demand for nutrition, vitamins, minerals, and wellness supplements since the pandemic.Two other contenders TPG Capital and EQT have opted out of the competitive bidding process, said people aware of the developments.Founded in 1971 by Kartar Lalvani, Vitabiotics claims to be UK’s largest multivitamin company. The business is currently led by his son, Tej Lalvani — also known for his role as an investor on BBC’s Dragon’s Den — who serves as chief executive officer.The NRI founders have been seeking a valuation of around £900 million ($1–1.2 billion) for the business spread across the UK, India, and China. However, the waning competitive interest is likely to impact the final price, the people said. The company also exports to 100 countries worldwide.Mails to Bain Capital and Vitabiotics did not generate a response.Vitabiotics’...
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ED arrests businessman, raids Kolkata top cop

from Economic Times https://ift.tt/ihDNQ8F
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Nepal protests tax on Indian imports over ₹100

from Economic Times https://ift.tt/EUebj8X
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SGB turns Rs 1L investment into Rs 3.05L

from Economic Times https://ift.tt/fr2L8WF
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Jet fuel spike shrinks global connections

from Economic Times https://ift.tt/jiJdpeU
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Oil prices crash nearly 10% after Iran says Strait of Hormuz completely open during ceasefire

Oil prices tumbled sharply on Friday after Iran signalled that the Strait of Hormuz remains open to global shipping, easing fears of supply disruption during the ongoing US-Iran ceasefire. Iran's Foreign Minister Abbas Araghchi said the key maritime route was completely open for commercial tankers and cargo vessels.Brent crude dropped nearly 10% to $89.11 a barrel, extending earlier losses of about 5% driven by optimism around a potential US-Iran agreement. US benchmark West Texas Intermediate (WTI) fell even more sharply, sliding 11% to $84.11 a barrel.Sentiment was also influenced by remarks from former US President Donald Trump, who said Iran had indicated it would refrain from pursuing nuclear weapons for over two decades. "We’re very close to making a deal with Iran," he had earlier said.Geopolitical developments in the Middle East have further shaped market expectations. A temporary easing of tensions between Israel and Lebanon, including a 10-day ceasefire that cam...
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Singapore topped FDI sources in Apr-Dec FY26

New Delhi: Singapore was the top source of foreign direct investment (FDI) equity inflows in April-December FY26 at $17.6 billion, with a 37% share of the total, data released by the Department for Promotion of Industry and Internal Trade (DPIIT) showed. The US and Mauritius were the next two sources, accounting for 16% and 10%, respectively.The FDI from offshore tax haven Cayman Islands rose five times to $2 billion from $422 million in 2024. Another tax haven from Cyprus invested $1.4 billion in India compared to $1.2 billion in 2024 while inflows from Luxembourg rose to $545 million from $352.67 million in the same period.India received $47.87 billion of FDI equity inflows in April-December FY26 of which $7.8 billion came from the US and $4.8 billion from Mauritius. Japan and the UAE were also among the top five investor countries.Investments from China were $6.49 million in 2025, higher than $3.73 million in 2024, according to the data whereas those from Hong Kong fell to $61.4 mil...
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