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Istithmar

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Ajay Singh: The man leading SpiceJet's rescue plan

In 2008, Ajay Singh, ex promoter, SpiceJet had convinced Wilbur Ross of the US to pump in $80 million into the airline. Art connoisseur Ajay Singh may’ve had a mixed entrepreneurial record......

This amazing hotel recreated the lost city of Atlantis

Atlantis, The Palm is a 1,539 room, ocean-themed destination resort located at the centre of the crescent of the man-made Palm Island in Dubai. This $1.5 billion joint venture project was developed......

PE investment in Indian firms crosses $5 bn

Private equity firms have invested over $5 billion in Indian companies so far this year, more than what entire 2009 saw. The PE companies, however, have also sold off shares worth about $2.5......

Istithmar sells over 6% share in SpiceJet

Dubai-based Istithmar has sold over six per cent stake in SpiceJet, India's second-largest low-cost carrier. The investment arm of Dubai World sold its shares to investors after having converted......

The happy-spicy deal of SpiceJet

There are few deals where the buyer and the seller both walk away happy. The SpiceJet deal is one, where each side had a price point for reference. There were two pivots which formed the basis for......

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