'Facilitating conversion of well-run NBFCs into banks is urgently needed.'
Hinduja Group's business process management entity, Hinduja Global Solutions Limited (HGS) said on Wednesday that it has entered into definitive agreements to divest its Healthcare Services business to funds affiliated with Baring Private Equity Asia (BPEA), at an enterprise value of $1.2 bilion. The deal is subject to closing adjustments, and is expected to complete within 90 days, subject to shareholder and other regulatory approvals. "The cash that will come in as a result of this transaction will be deployed to growing the business as well as looking at buying some capabilities...where capabilities are important for being able to do a good job of customer experience transformation.
'The danger is that when the music stops, the fall will be sudden, faster, and deeper than anyone expects,' warns Debashis Basu.
The size of knowledge process outsourcing industry, the high-end services entailed in business process outsourcing activities, has the potential to touch $16 billion by 2010 across the globe.
JRG Securities Limited is a brokerage in India, and Baring will invest through a preferential issue and warrants for a minimum stake of 44.8% in the company.
In terms of the number of deals, there has been a decline of 13 per cent
This was mostly driven by Qatar Foundation Endowment's $1.26 billion investment in Bharti Airtel.
Investors prefer exits with lower valuation to staying invested for a longer term
Grant Thornton reports says total value of deals in 2013 crosses $8 bn, up 34% from the year-ago period, momentum likely to continue
A committee suggested that CSR expenditure be made tax deductible, in order to incentivise spending by companies. It also said that CSR should not be used as a means of resource-gap funding for government schemes.
State Bank of India partnered GE Capital in 1998 for its credit card business.
India may adopt norms similar to the US Federal Reserve model, which regulates conglomerate-led banks in the country.
Indian roads continue to be among the most dangerous in the world. Few people are even aware that the Good Samaritan Law exists. Getting a licence to drive is still far too easy.
FDA inspectors visited the Mohali plant in the process of giving approval to Ranbaxy's application for Valsartan.
Hyderabad-based Pi Datacenters wants to be the first destination of choice for enterprises in data and cloud services.
The amount millenials spend on eating out is changing everything about the eating-out business.
Reason behind for the change in his stance: gas price increase.
At 11:37 am, the S&P BSE Sensex was up 28 points at 27,037 and the Nifty50 was up 2 points at 8,268
Drivezy is helping people share their vehicles.
Prakash Bhandari chalks the journey of Lalit Modi from his troubled adolescent days to his mid-life crisis, from his grand success at the India Premier League to his dramatic exit from it
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