India Inc remains strong on foreign investors' radar with the private equity market in the country set to more than triple to nearly $7 billion by 2010, from $2.2 billion last year, a new study shows.
N Chandrasekaran's exit marks a major shift for TCS, leaving its leadership to navigate AI disruption without the group chairman's deep expertise.
Tata Sons has the balance sheet to support them, for now.
The poster boys of Indian private equity are getting a reality check. If last year many of them branched out independently with their entrepreneurial PE shops, many are scaling down or biting the dust a year down the line.
The Airports Authority of India has received a request for a waiver from contractual restrictions that prevent airport concessionaires and their group entities from holding equity in scheduled airlines, Minister of State for Civil Aviation Murlidhar Mohol confirmed in the Rajya Sabha. This comes amid reports of the Adani group's interest in the airline business, despite their denial.
Josh Kushner said Thrive Capital misjudged football's political dynamics, would have avoided FIFA's failed $20 billion rights plan, but still supports its aim of broader investment.
Ahmedabad-based Nirma group and leading private equity firms have joined the race to acquire BSE-listed Glenmark Life Sciences. The acquisition by chemicals-to-cement major Nirma, if successful, would be a major boost for the health-care segment of the group, on the lines of its successful entry into the cement sector following its purchase of Lafarge India's assets for about Rs 9,400 crore in July 2016. It later followed up by buying Emami cement assets for Rs 5,500 crore in February 2020.
HDFC Bank's share in active mutual fund schemes has fallen to multi-year lows, despite overall MF ownership in the bank rising, as the stock faces weak performance, soft margins, and governance concerns.
'Once you're wrestling with making a merger of that scale value-accretive, you're also under pressure to keep growing the balance sheet and chasing liabilities, and other things start to slip as a consequence.'
FIFA President Gianni Infantino's ambitious plan to sell a 20% stake in a commercial entity managing the World Cup and other tournaments to private investors has been abandoned following widespread opposition, including a boycott threat from UEFA.
According to a study by research firm Evalueserve, currently there are more than 366 PE firms operating in India while another 69 are planning to start their operations soon. However, it must be noted that such investments had come down drastically during 2001-03 due to dotcom bubble burst.
Corporate leaders' half-life has shrunk over the past few decades. That is the Tata experience as well. Over 144 years till 2012, Tata Sons had just five chairmen. However, in the 15 years till 2027, the same group will see three, points out R Gopalakrishnan.
"Citigroup has struck a deal to sell a $ 1.7 billion portfolio of private-equity assets to European buyout firm AXA Private Equity," The Wall Street Journal reported citing a source.
Indian companies, including NBFCs, filed proposals with the RBI to raise $6.08 billion through external commercial borrowings (ECBs) and foreign currency convertible bonds (FCCBs) in June, marking a significant increase from the previous month.
One consortium is led by Manipal Hospitals' Dr Ranjan Pai along with US private equity firm KKR and Singapore investment major Temasek. The other is a combine of Swedish private equity firm EQT and Premji Invest, the investment office backed by Wipro founder Azim Premji.
The Competition Commission of India (CCI) has approved the acquisition of a stake in AI acceleration cloud provider Neysa Networks by Blackstone-backed private equity funds and other investors, following Neysa's announcement of a USD 1.2 billion capital raise.
The Bombay High Court humorously questioned the Mumbai Cricket Association (MCA) if cricketers were aware they were consuming 'non-vegetarian tea' due to unhygienic conditions, while ordering the MCA to clean its eateries for a fresh FDA inspection.
The Bombay High Court humorously questioned if cricketers were consuming "non-vegetarian tea" due to unhygienic conditions at Mumbai Cricket Association (MCA) eateries. The court ordered the MCA to clean its premises before a fresh FDA inspection, following the suspension of licenses for five restaurants due to severe food safety violations like cockroach infestations and dirty kitchens.
The Bombay High Court has directed the FDA to conduct a fresh inspection of the Mumbai Cricket Association's kitchens after serious food safety and hygiene violations were found, including insects. The court also humorously questioned if cricketers were aware they were consuming "non-vegetarian tea" due to the unhygienic conditions. The MCA has been asked to clean its premises before the inspection.
Total exit value breached the $10 billion mark for the first time to touch $10.3 billion this calendar, from $9.4 billion in 2015
Prime Minister Narendra Modi has called upon India's youth to dream big, assuring them of government support and resources, including a Rs 1 lakh crore Innovation Fund, to bolster the country's burgeoning startup ecosystem and drive its journey towards becoming a developed nation.
Stake sales by promoters and private equity/venture capital (PE/VC) investors this year are already exceeding twice those of last year. So far this calendar year, the selling stands at over Rs 87,400 crore, 2.2 times the Rs 39,700 crore worth of shares sold by promoters and PE/VCs in 2022. This year's tally has received a boost from stake sales by Adani group promoters.
India's infrastructure sectors, for long shunned by investors due to long gestation periods and hazy policies, have finally become attractive.
The Reserve Bank of India (RBI) allowing the use of put options in investment agreements has brought needed clarity but it has come with strict restrictions. These could impact investors looking for a minimum rate of return, experts say.
In the April-June quarter this year USD 2,916 million was invested across 112 deals, while last quarter saw an infusion of USD 3,361 million across 91 deals, according to a study by Venture Intelligence, a research service focused on Private Equity and M&A transaction activity in the country.
New financial investment funds, including Filmoney Global and CineNow, are entering the 22,000 crore Indian film business, aiming to establish Indian cinema as a new asset class for high-net-worth individuals and institutions, similar to the IPL.
Jet Airways is talking to several leading private equity firms to raise $400 million through qualified institutional placements for its aircraft acquisition plan.
A new report by FICCI, BCG, and IBA outlines that India's banking sector must grow significantly faster than nominal GDP to support a USD 30 trillion economy by 2047, requiring banking assets of USD 45 trillion. The report highlights the sector's current strength, challenges in digitisation, and the need to enhance resilience against fraud and cyber threats, proposing a 13-point agenda for stakeholders.
An employee whose financial future is 60-80 per cent dependent on a single company's growth trajectory has no genuine safety net.
Tata Steel has announced the sale of its entire 100% equity stake in Jamshedpur Football to Churchill Brothers for Rs 100.
SBI Funds Management, India's largest asset management company, has set its IPO price band between 545 and Rs 574 per share, valuing the company at 1.2 trillion. The management explained the 'moderate' valuation aims to instil investor confidence amidst market uncertainty, while also highlighting plans for AI integration, expansion into GIFT City, and new alternative investment funds.
Cleaner balance sheets, regulatory support and strong growth prospects helped Indian private banks attract over $6 billion in foreign capital, with more deals expected in 2026.
Retirement planning is not a test of how smart you are; it is a test of how well you control your behaviour.
A sophisticated cross-bank syndicate is systematically defrauding non-resident Indians (NRIs) and elderly citizens by exploiting their fixed deposits through forged documents and fictitious loans, often involving colluding bank employees and real estate deals.
The evolution of the PE market against the backdrop of the strong growth in the economy should translate into strong returns for investors.
'The market is currently neither cheap enough to be exciting about nor expensive enough to worry about.'
Buying Yahoo's assets would expand DailyMail.com's reach and improve its digital ad rev
Private equity players and venture capitalists are cautiously optimistic about the prospects of their businesses, yet are hopeful of clinching more deals in the New Year, say industry experts.
