Even those who advise caution believe the current PE multiples are justified by India Inc's healthy returns
My sense is that we are in a situation similar to 2011-13, notes Debashis Basu.
Tata Communications has elected the private equity (PE) veteran as a successor to Subodh Bhargava.
Till the second quarter of 2011, the food sector has attracted more than $100 million investments through PEs," according to the 'Food Franchising Report 2011' brought out by Franchise India and Ficci.
'It doesn't matter where you come from. If you strongly believe in your idea and we see potential in scaling it up, there are people to back it up.'
Merger & acquisition and private equity deals struck by Indian Inc in the first half of the current year nosedived by more than half in terms of volume to 216 deals and by 66 per cent value-wise at $7.814 billion over the same period last year.
Navyroof.com, a company that highlights investment opportunities in the most upcoming areas of India to the UK investors, Managing Director Andrew Fassnidge said : "All the economic indicators project a bright, sustainable future for India. In the last two years alone, property prices in India increased by 70 per cent." India is also seen as an attractive destination due to the Indian government recently relaxing rules for foreign investment in the housing sector.
Its entry will increase competition especially when WhatsApp too has received approvals to launch payment service.
The amount millenials spend on eating out is changing everything about the eating-out business.
Ravi Singhal, vice chairman, GCL Securities Private Limited, explains why there is no need to worry as stock market indices gain higher levels.
For 2020, 13 brands are said to be on board already and advertising rates have been fixed at a premium of 10-15 per cent over 2019.
Suggesting a rebound, the government has projected the economy to grow by about 7.6 per cent in the next fiscal, up from 6.9 per cent estimated in 2011-12 on the back of declining inflation and softening interest rate.
Harmanpreet Singh won the men's Player of the Year award and Gurjit Kaur was recognised as the best player in the women's section. Veteran P R Sreejesh and Savita Punia won the best goalkeeper awards in the men's and women's section, while young striker Sharmila Devi (women) and Vivek Sagar Prasad (men) were adjudged best rising stars.
'In the business of money, where you are regulated, the liability lies on the head of the acquirer.' 'It is not a good thing when you cannot spot the risks.'
'In 2022, active management, long-short strategies, multi-asset strategies, and asset allocation strategies need to be considered to meet long-term investment goals.'
India's first home-grown mapping company MapMyIndia is looking to list in the public market by raising around Rs 1,200 crore at a Rs 6,000-crore valuation. Sources said the company is ready with its draft red herring prospectus documents and is likely to file as early as next week. While the money will be used for business expansion, it will also give MapMyIndia's early investors, including Qualcomm, PhonePe, and Japanese mapmaker Zenrin Co., a chance to exit. The Verma family, which founded the company, will continue to remain promoters.
India captain Mahendra Singh Dhoni on Sunday said that cricket has been brought to "disrepute" by the 'spot-fixing' scandal and the guilty should be handed harsh punishment as such incidents tend to also paint other players in bad light.
The fast-growing, high-margin branded spices business is turning out to be an interesting growth opportunity, which to an extent was reflected in the Sunrise-ITC deal, with multiple parties from PE to strategic players joining the fray.
Goldman Sachs, Morgan Stanley and JPMorgan, the three bulge-bracket banking groups of the US, are likely to get active in Indian real estate after a long gap, according to executives with property funds and consultancies.
'In India, most funds have one or at most two platforms, but we are the only one which has four -- growth equity practice, real estate practice, a special situation and credit platform, and infrastructure.'
The July-September quarter saw significant deal momentum.
In essence, follow the private-equity approach to personal investing and treat each investment decision as if it is a matter of life-or-death, because it is, suggests Avinash Luthria.
Jio's global partnerships took shape this year when Jio Platforms, a 100 per cent subsidiary of Reliance Jio which has invested in various digital platforms, was able to woo a bevy of marquee investors: Facebook, Google, Qualcomm, Intel, and a numerous PE funds.
Venture Intelligence data shows that during January to July 2020, investors infused $998 million in 31 deals. The total number of deals reported in 2019 was 42 worth $404 million.
The newly-formed entity which will list on the NYSE as Eros STX Entertainment Corp, will remain listed on the New York Stock Exchange, with headquarters in both Mumbai, India, and Burbank, California, and has also got $125 million in fresh funding. The merger will not change the structure of Eros's Indian arm which is also listed on Indian stock exchanges.
India witnessed 22 initial public offers worth over $2.5 billion in the first three months of 2021 amid "high momentum" in the country's capital markets and the trend is likely to stay bullish in the current quarter also, according to a report. Leading consultancy EY India's IPO (Initial Public Offer) report released on Wednesday showed that consumer products and retail, diversified industrial products, automotive and transportation were the most active sectors in terms of the number of IPOs in the 2021 first quarter. The IPOs include both in the main as well as SME (Small and Medium Enterprise) markets.
He is the man behind Blackstone's India strategy
India added three unicorns per month in 2021 to nearly double the overall number to about 85 at last count. And there are many gazelles and cheetahs in the pipeline. All gunning to be unicorns (and then decacorns) soon thereafter, notes Sandeep Goyal.
India-located funds have already raised $3.9 billion so far this year.
John Bogle figured that cheap mutual funds, which just mirrored indices with little tracking error, would be a useful vehicle for wealth creation, recalls Devangshu Datta.
Walmart-owned Flipkart will undertake a buyback employee stock options worth about Rs 600 crore, according to sources Earlier in the day, Flipkart announced raising $3.6 billion (about Rs 26,805.6 crore) in funding from a clutch of investors that valued the e-commerce major at $37.6 billion (about Rs 2.79 lakh crore). In an e-mail to employees, Flipkart group chief executive officer Kalyan Krishnamurthy lauded the critical role played by the staff in reaching this milestone.
'Family businesses have to put competent people in charge who believe they can get to the top.'
'If you don't remove the glass ceiling, you won't get the best talent.'
'There is pent-up demand for cricket after last year when no tournaments were played on Indian soil due to the pandemic.'
'Q1 is going to bear the brunt of the second wave, exposing full-year GDP forecasts to downward revisions, unless phase-3 of vaccination is executed quickly.'
PeTA has opposed the upcoming Kambala festival on grounds of cruelty to animals. Calling for banning the sport, it said the agitators have taken a leaf out of the pro-Jallikattu protesters' book.
US private equity firm I Squared Capital is dropping out of the race to buy India's second-largest state oil firm, Bharat Petroleum Corporation Ltd (BPCL) owing to a complex deal structure and lack of financial backers for the transaction, sources said. I Squared Capital through its Indian arm, Think Gas was among the three suitors that had evinced interest in buying the government's near 53 per cent shareholding in BPCL. "The company has made a decision not to participate in the financial bidding," a source with direct knowledge of the development said.
Blue-chip names such as Bessemer Venture Partners, Google, JP Morgan Asset Management are taking strategic bets in the Indian market.
Did you know Turmeric Latte or Haldi Doodh is trending abroad?
The sentiment in the real estate industry turned optimistic during October-December 2020 and the outlook for the next six months is positive on the back of revival in demand for both residential and office properties, according to a survey by Knight Frank India-FICCI-Naredco. The 27th edition of 'Real Estate Sentiment Index Q4 2020 survey' of developers, banks, financial institutions and private equity players operating in the sector was released on Monday in a video-conference. As per the report, the 'Current Sentiments Score', for the first time in 2020, entered the optimistic zone at 54 points in Q4 (October-December) 2020, a significant jump of 14 points over the previous quarter.
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