Acquisition aimed at further enhancing market leadership position in compliance solutions segment    Aparajitha Corporate Services Private Limited, one of India’s largest regulatory and social compliance service providers, is set to acquire the ‘labour law’ compliance business from ­­Allsec Technologies Ltd (“Allsec”), the country’s leading payroll services entity. The deal is valued at an Enterprise Value of Rs 27 crore, on a cash and debt-free basis, subject to closing adjustments and fulfilment of conditions set out in the transaction document. The acquisition process is expected to be closed by March 31...

We expect the RBI to keep the policy repo rate unchanged in the upcoming monetary policy. However, there is a strong case for the RBI to change its stance from “withdrawal of accommodation” to “neutral”. Financial condition has tightened a lot in the last few quarters. Real rates are reasonably high and likely to increase further as inflation is trending down. Liquidity condition has also tightened with banking system liquidity running in deficit of over Rs. 2 lakh crore on daily basis. Its impact is clearly visible in the money...