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PM's Independence Day speech to nation
Following is the text of Prime Minister Manmohan Singh's address to the nation on the occasion of the 61st Independence Day on Wednesday:My dear countrymen, brothers, sisters and dear children,......
Actis to buy into GVK's power business
Private equity investor Actis is set to acquire a stake in infrastructure major GVK's power business for about Rs 1,000 crore, according to sources close to the development. The deal was close to......
Adani buys Lanco's Udupi power plant for Rs 6,000 cr
Adani Power has bought Hyderabad-based Lanco Infratech’s Udupi power plant at an enterprise valuation of Rs 6,000 crore (Rs 60 billion). While Adani will take over the plant’s Rs......
Electronic payment space lures investors
With a thrust on financial inclusion, banks are focusing on expanding their reach in a cost-effective way. This has spawned the need for heavy investment in technology and electronic payment......
Global investors skip PE route to go solo in India
Miffed with disappointing returns from private equity investments in India, institutional investors in these funds are now opting to go solo. Leading investors in private equity funds, otherwise......
Financial jitters for GVK-Hancock deal
GVK Power and Infrastructure's multi-billion dollar acquisition of Hancock Coal is facing last-minute jitters, as lenders financing the deal are scaling down their exposure.According to two......
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