The Supreme Court on Friday stayed the emoluments of the newly appointed interim vice-chancellors of state-run universities in West Bengal and asked Governor CV Ananda Bose to sit with Chief Minister Mamata Banerjee "over a cup of coffee" to resolve the deadlock over appointment of VCs.
'I told President Obama, "Mr President, do you realise that the person who is likely to become the prime minister of India in two weeks, does not have a visa, and you are talking about having great relations between India and the USA, how are you going to do it?".'' 'His answer was that this is not right and that he'll have somebody from the White House and the State Department reach out to me.'
Akash Deep reveals how Virat Kohli offered him one of his bats -- a bat that scripted a rare happy memory during India's otherwise devastating tour of Australia.
Close to $18 billion that Reliance Jio and Reliance Retail mopped up from a slew of private equity transactions in 2020 has pushed up the money inflows through this route by 108 per cent to $33.8 billion, according to an industry report. As per the data collated by Refinitiv, private equity investments increased 108 per cent in 2020 over the previous year, with the number of deals jumping from 665 in 2019 to 791 in 2020 at $33.8 billion, despite the pandemic. In 2019, total PE deals stood at $16.2 billion. Most of the fund inflows were in the third quarter, fetching $24 billion, which, however, tapered off in Q4 to just about $4.57 billion, as per the data from the agency that tracks financial transactions at a global level.
Had you invested Rs 10,000 each in JSW Steel, Titan Company and Bajaj Finance 20 years ago, when they were just penny stocks (trading below Rs 10), you would have become a millionaire by now.
'She is the gorgeous Lata, the love of my life.'
Why are financial-technology (fintech) players moving back to India, or doing the reverse-flipping?
Investments totaling over $9.5 billion in Jio Platforms by a clutch of private equity firms, following social media giant Facebook's $5.7 billion mid-April investment in the company, helped overall.
One97 Communications (OCL), the company that operates brand Paytm, received a nod from the National Payments Corporation of India (NPCI) to onboard new Unified Payments Interface (UPI) users. This comes nearly nine months after the Reserve Bank of India (RBI) placed an embargo on OCL to add new customers.
'Earlier, the comedy track used to run parallel to the main story with songs et al.' 'Nowadays, it's just once one scene here and there.'
'Why would she agree to be part of a film, where she has to play second fiddle to another leading lady?'
The quarter also saw exits worth $1.9 billion across 37 deals, 59 per cent higher YoY. This was driven by one of India's largest PE-backed IPO exit, the $1-billion partial exit by Carlyle in the SBI Cards IPO.
Pooja prances in Dubai... Aahana's advice...Neha and Aisha in Thailand...
Kajol and Kriti Sanon get together to pack a punch in their new film, Do Patti.
Since the Centre tightened the Press Note 3 norms in April last, as many as 150 private equity/venture capital investment applications from China and Hong Kong are pending with the government, starving the country's start-up ecosystem of funds, says a report. The Press Note 3 (PN3) changes were effected in April, restricting foreign direct investment from countries that share land borders with India. Analysts are of the view that the move was primarily aimed at China as lot of private funds were investing billions into domestic companies.
PhonePe via Bharat Bill Payment System (BBPS) plans to get into a number of new verticals, including fee payments in schools and colleges, payments at hospitals and other services
Nimrat's must-read trekking pointers... Urmila's gyaan... Vikrant's looking dandy...
Although a one-off tax provision negatively impacted the bottom line, HDFC Asset Management Company (HDFC AMC) posted an excellent operational performance in Q2FY25. The equity quarterly average assets under management (QAAUM) growth was 14.7 per cent quarter-on-quarter (Q-o-Q). And, equity AUM market share rose 50 basis points (bps) year-on-year (Y-o-Y) to 12.9 per cent.
Harshal Patel took a great catch and decided to celebrate by mimicking Yuzvendra Chahal's pose in a playful way.
Modi also said the BJP has "not just today but never" acted against minorities.
Newer asset classes such as data centres and rental housing gained prominence among investors.
According to the IVCA-EY report, July recorded 10 large deals worth $3.1 billion compared to 13 large deals worth $7.1 billion in July 2019.
Notwithstanding protests by the opposition Bharatiya Janata Party, he said the first session of the newly elected Jammu and Kashmir Assembly is "short in duration but historic in terms of agenda".
'When there was a match, he would be up all night watching it on his laptop with Kishori Amonkarji singing on the side.'
'As a storyteller, one always looks to create something for the audience which is thrilling, engaging and entertaining and that is exactly what we have endeavoured with Sikandar Ka Muqaddar.'
Food and grocery delivery major Swiggy on Thursday filed its updated draft papers with capital markets regulator Sebi to raise funds through its much anticipated initial public offering (IPO). The proposed IPO comprises a fresh issue of equity shares worth Rs 3,750 crore and an offer-for-sale (OFS) of 18.52 crore equity shares by existing shareholders, according to the updated draft red herring prospectus (UDRHP). Market sources have pegged the company's IPO size at over Rs 10,000 crore.
PE firms are looking at various ways to protect their nominee directors.
After Yes Bank was placed under moratorium, digital payments were impacted as PhonePe, which depends on the cash-strapped lender for its transactions, could not operate. Even the bank's own net banking facilities have not been operational since last evening. Other fintech operators who rely on Yes Bank to settle their transactions are also down.
Fund managers said investors remained positive on the pharma manufacturing activity in India, which further strengthened during the Covid-19 period, on account of restrictions imposed on pharma imports from China.
Instead of the minority stake they held earlier, now they have controlling stake in many firms
The prospective bidders of Haldiram Snacks Foods (HSFPL), a leading food firm, have sought clarity on the ownership of the brand as it is currently owned by different family factions. The Delhi and Nagpur families have decided to merge their operations and formed a joint venture to sell part of their stake. On the other hand, the Kolkata family runs its separate, independent operations. Bankers said prospective bidders of the company do not want any confusion over the brand in future. They have sought clarity over usage of the brand.
While 2017 was a record year for private equity investments in India after $23.5 billion in 660 deals, 2018 too has begun with a bang.
According to EY's private equity deal tracker, Brookfield-Reliance Jio's $ 3.7 billion deal is the largest ever PE/VC deal in India, surpassing the $ 2.5 billion investment made by Softbank in Flipkart in 2017.
The first quarter of 2018 saw infrastructure and real estate drive investment worth close to $8 billion across 180 deals
With the Indian economy expected to emerge as the third largest by 2030, investors have earmarked significant capital to actively participate in the India growth story.
At many stages, it has appeared as though Sunny Deol's career was running out of steam, but each time he has risen Phoenix-like from the ashes. Dinesh Raheja gives us a closer look at the man on his 67th birthday on October 19.
'Though one cannot paint the entire microcap basket with the same brush, investors need to be careful now as to what they're buying.'
Private equity firms invested about USD 3.7 billion across 133 deals during the first quarter of 2018 as compared to USD 7.3 billion by way of 200 transactions a year ago.
PE funds say they have enough money to buy two or three of the indebted companies and the issue is not cash but the management bandwidth to turn them around.
Arjun Erigaisi briefly reached a career-high live rating of 2771.2 earlier this week and is the only Indian since Vishwanathan Anand to do so.
