Private equity (PE) investments in India's SME sector dropped by 43 per cent to $134 million in 2012 (January to year till date) from $236 million in the corresponding period of 2011. The number of deals fell by 34 per cent during this period.
Assocham has predicted that global PE firms are likely to invest $48 billion in the Indian markets in the next two years.
"Looking at the films come to life on set was a lot of fun. The lensing, the art direction and Prakash Sir's detailed eye. It felt like something special was brewing," says Naina Bhan.
Tech sectors, including start-ups and IT & ITeS, witnessed the highest consolidation, capturing over 40 per cent of volumes
India's economy grew 7.8 per cent in the March quarter, pushing up the annual growth rate to 8.2 per cent, according to official data released on Friday. Growth in the January-March period was lower than the 8.6 per cent expansion in the December quarter.
Apollo HealthCo Ltd (AHL), a subsidiary of Apollo Hospitals Enterprise (AHEL), on Friday entered into a binding agreement to raise equity capital of Rs 2,475 crore from Advent International (Advent), one of the world's largest private equity (PE) players. The transaction will also see the merger of two units under Apollo Healthco - its wholesale pharma distribution unit Keimed Pvt Ltd and online healthcare business Apollo 24'7. The merger will take place in a phased manner over the next 24-30 months.
One stellar IPL season of 19 wickets in Kolkata Knight Riders' triumphant campaign brought pacer Harshit Rana into the national reckoning.
No major deals above the value of USD 300 million happened last month, causing the decline from January, which registered deals worth USD 3.5 billion, according to a report released by consultancy firm EY on Wednesday.
The move, a part of the new set of prudential norms being discussed by financial sector regulators across the globe in the wake of the credit crisis, was being discussed in view of the reputational risk arising from undertaking such activities, RBI said in its annual report for 2008-09.
In the January-March period of last year, an amount worth $1,179 million was invested across 103 transactions.
Congress leader Jairam Ramesh cited the prime minister's speech made in Barmer on Wednesday and said the people of the state will surely respond to such "arrogance" of the prime minister.
Foreign banks and private credit funds are queuing up to fund acquisitions by Indian companies who are buying out their local rivals. The Adani Group, Torrent Group, and the Hindujas have approached several foreign banks and private equity (PE) firms to fund their acquisitions. Global investors have about $2 trillion of funds to invest, and about $100 to $150 billion is set aside for India, according to an estimate by JP Morgan.
Sukanya Verma quizzes you to find out just how much you know about the movies.
The tide of startup-funding is turning in India, with a rising trend of overall funding while the deal sizes grow bigger. However, the spotlight now is on late-stage startups, many of which are seen to be headed for initial public offerings (IPOs). Record surge in stock markets and consistently improving performances of listed startups are understood to have turned the sentiment for the better, especially for those that exhibit a clear path to an IPO.
Private equity investments in the January-March quarter of the 2011 calendar year were about 57 per cent higher than the $ 2.1 billion worth of PE investment registered in the year ago period and more than double October-December's $1.5 billion, according to data provider Venture Intelligence.
The fund, with an initial corpus of $150 million, is set to be the first of its kind, said two independent industry sources familiar with the development.
While the Tatas are looking for PE deals of about $50 million or less, the A V Birla Group is eyeing deals worth not more than $25 million. Tata Capital is banking on its ability to source deals by exploiting the existing Tata ecosystem of suppliers and customers. The Birla group, which has committed 40 per cent of the $250-million corpus it planned to raise for its PE fund, is looking to leverage its strength to source and evaluate deals.
Most brokerages are betting that the new government will shift to a policy focussing on boosting rural incomes and consumption since that has clearly been a pain point.
After a subdued year, the investors and market experts are expecting the PE and VC investments to pick up next year as raising debts have become costlier and IPOs are not finding any takers and the dampened investor sentiments might finally start improving on the back of efforts made by the government. At the same time, VC investments into Indian firms have declined to $733 million with 122 deals so far this year, from 142 deals worth $874 million in 2007.
Various news reports suggest that the PE firm, if it buys out Yahoo, would first sell off the Internet company's Asian assets. Silver Lake would thereafter, a report said, try to either turn the 'remaining' company around or find yet another buyer for the main operations.
Dinesh Raheja doffs his hat to the movie legend, who will be honoured with the Dadasaheb Phalke Award this year.
'I have two sisters. One is 13 and the other is 17.' 'For them, their father is the director of Shahid, Omerta, Simran, Scam 1992 and Scoop.' 'For me, my father is the director of Jayate, Dil Pe Mat Le Yaar, Chhal, Yeh Kya Ho Raha Hai, three unreleased films and Woodstock Villa.' 'No one has seen these films.'
Deals indicate growing interest of private equity firms in India's pharma and healthcare segments.
Indian companies announced as many as 60 private equity deals as against 56 M&A transactions, according to the data compiled by global consultancy firm Grant Thornton. However, the total value of PE deals was lower at $2.05 billion compared to $3.01 billion in M&As transactions.
Best moments from PM Narendra Modi's trip to Germany.
Ayushmmann enjoys a treat in Chandigarh... Nimrat spends time at home in Bikaner... Bhagyashree makes a short trip to the US...
E-commerce startup Dukaan has replaced 90 per cent of its customer support team with an artificial intelligence (AI) chatbot, founder and CEO Suumit Shah informed on Tuesday. Attributing the decision to prioritising profitability, he said customer support costs reduced by 85 per cent while resolution time went down from over two hours to three minutes. "We had to lay off 90 per cent of our support team because of this AI chatbot. Tough? Yes. Necessary? Absolutely," Shah tweeted.
The special privileges granted to private equity (PE) investors by listed companies are set to go through shareholders' test. Under new rules introduced by the Securities and Exchange Board of India (Sebi), all such arrangements will require shareholders' nod by way of special resolutions. Legal experts say arrangements that are unfair to other public shareholders may not pass the muster.
Witnessing a strong growth, private equity investment in India rose to $2.3 billion in the April-June quarter, taking the total PE inflows so far this year to $4.29 billion, says a report.
According to the PwC MoneyTree India report, a quarterly study of private equity investment activity based on data by Venture Intelligence, private equity PE firms invested $2.5 billion across 97 deals in Q3 of 2012, against USD 2.4 billion from 121 deals a year ago.
'Now that we are a pure-play India business, many investors are open to investing.'
'If you shout at me, I will not take it.' 'If you jump on me and pounce on me or physically come too close to me, that's not acceptable.'
Mobile wallet adoption is surging in India and swiftly becoming a primary payment option, surpassing traditional methods like cash and cards. Over the next few years, payments via mobile wallets in India are likely to surpass the Rs 531.8 trillion mark in 2028, witnessing a compound annual growth rate (CAGR) of 18.3 per cent between 2024 and 2028, according to GlobalData - a London-based leading data and analytics company. The value of mobile wallet payments in India, as per a GlobalData report, grew at a CAGR of 72.1 per cent between 2019 and 2023 to reach Rs 202.8 trillion ($2.5 trillion) in 2023.
Analysts believe as operators roll out 3G services by next year, the telecom infrastructure and mobile value added services will see more PE deals materialising in the sector.
Indian sweet, snack, and restaurant chain group Bikanervala, with revenues of over Rs 3,000 crore, is working towards an initial public offering (IPO) for its food company in the next three years. Before that, it could also bring in private equity (PE) investors. The low-profile Aggarwal family-owned group company, Bikanervala Foods (which also sells under the brand name Bikano), operates in the snack business.
Questions will be raised over why those changes take place and whether non-economic factors are at play, says A K Bhattacharya.
However, when the market turns positive, most respondents expect the energy sector to be most attractive for Private Equity investors, while infrastructure offers long-term appeal. According to the KPMG survey of global PE players attending a conference in Florida, 43 per cent respondents said the economy would begin picking up next year, while 39 per cent said it would occur after 2010.
'I wish you were here to see for yourself what Mughal-e-Azam means to Indians in America.'
Byju's is set to go the way of Housing.com and Zilingo. It is only a matter of time. Indeed, the coup attempted by investors will ensure that, says Debashis Basu.
Mohammad Rafi had a powerful range that could accommodate anything from the sublime O duniya ke rakhwale for Bharat Bhushan in Baiju Bawra to the eccentric Badan pe sitare lapete huye for Shammi Kapoor in Prince.
