Advertisements The world’s economic output will exceed $100 trillion for the first time next year and it will take China a little longer than previously thought to overtake the United States as the No.1 economy, a report showed on Sunday. … Read More ›
Private Equity
Warburg Pincus closes USD 2.8 Bn inaugural Asia real estate fund
Advertisements U.S. private equity powerhouse Warburg Pincus has closed its inaugural Asia-focused real estate fund at USD 2.8 billion, the firm said on Wednesday. The Warburg Pincus Asia Real Estate Fund is the second-largest fund dedicated to the sector in… Read More ›
Prime Minister Hosts Roundtable with PE/VC Leaders
Prime Minister Narendra Modi hosted representatives of leading Private Equity and Venture Capital funds at his Lok Kalyan Marg residence in Delhi for interactions in line with his endeavour to boost the investment climate in the country. During the meeting the discussion centered around the key initiatives in this regard by the government. The Prime Minister personally interacted with the industry leaders to also gather their inputs in the runup to Budget 2022.
GLOBAL MARKETS-Wall Street tipped to open modestly firmer after U.S. payrolls miss
Advertisements Wall Street futures moved higher and bond yields slipped on Friday, though moves were modest as an underwhelming U.S. monthly jobs print did not shake conviction that the Federal Reserve would proceed with a faster stimulus unwind Nonfarm payrolls… Read More ›
Mining Player Tega Industries Raises INR 186 Cr
Advertisements Tega Industries, which offers solutions to marquee global clients in the mineral beneficiation, mining and bulk solids segments, has garnered Rs 185.77 crore from anchor investors ahead of its initial share sale that opens for public subscription on Wednesday…. Read More ›
PE Investment Report for Sept 2021 Qtr
Advertisements Venture Capital (PE-VC) firms invested a record $49 Billion (across 840 deals) in Indian companies during the first 9 months of 2021, These figures, which have already surpassed the full year investment total of $39.5 Billion (across 892 deals)… Read More ›
Investor Warburg cuts Ant valuation by 15% to below USD200 Bn
Advertisements Warburg Pincus, a major global investor in Ant Group, has cut its valuation of the Chinese fintech company by 15% to below $200 billion due to risks from a restructuring at the Hangzhou-based firm, a source with direct knowledge… Read More ›
Telecom reforms to help preserve cash flows, drive industry investments: Airtel CEO Gopal Vittal
Advertisements The seminal reforms announced by the government for the telecom sector will help preserve cash flows and enable the industry to drive investments, Airtel CEO Gopal Vittal said on Wednesday. Mr. Vittal, who was speaking at Airtel’s Q2 earnings… Read More ›
SAIL exploring categories under PLI scheme for specialty steel: Chairman Soma Mondal
Advertisements State-owned SAIL is expected to make investments under the PLI scheme for specialty steel as the steel giant is in process of “examining categories under the scheme.” SAIL is evaluating the guidelines of the scheme and would reach a conclusion with respect to investments… Read More ›
Hong Kong’s PAG seeking to raise $9 bln with new buyout fund -sources
Advertisements HONG KONG, Oct 29 (Reuters) – Asia-focused investment firm PAG is aiming to raise $9 billion in what would be its fourth and largest buyout fund, people with knowledge of the matter said, adding to the region’s abundant investment… Read More ›