Going global is rapidly becoming the Indian company's mantra of choice. What are the benefits and challenges involved in cross border takeover? Name some recent cross border takeovers.

Going global is rapidly becoming Indian company's mantra of choice. Indian companies are looking for ways to reduce costs, innovate speedily and increase their international presence. One of the best ways for this is cross border takeovers. Globalization has helped in increasing the number of cross border takeovers. Cross border takeover has several benefits as mentioned below: It provides newer and better technology It increases the size of the firm It create employment opportunities It enhances the market capitalization Cross border takeover is a complex process involving various challenges as mentioned below: Taxation issues Legal issues (company law, market regulations, self-regulations, etc.) Cultural differences Volatility in share prices Technological changes Political considerations Power and pervasiveness of labor unions and employee representatives Some of the recent cross border takeovers are: Walmart - Flipkart Bayer - Monsanto Hindalco - Aleris Corporation Rosneft Oil Company - Essar Oil General Electric - Alstom