Reliance Infratel, a subsidiary of the group's telecom arm RCom, is looking to dilute 10-15 per cent stake in a private placement of shares with the PE firms, investment banking sources said. The company had last year scrapped plans to raise about Rs 6,000 crore (Rs 60 billion) through sale of about 10 per cent shares in an IPO due to adverse market conditions.
Private equity investors have taken fancy in infrastructure projects of the country and invested over Rs 13,000 crore (Rs 130 billion) during 2007, according to a report 'Private Equity Impact 2008' released by Venture Intelligence.
The Lok Sabha on Wednesday passed three bills to replace the colonial-era criminal laws by voice vote.
Sukanya Verma remembers the Boss in 30 of his underrated, overlooked gems in Hindi film music.
But SRK's heavily bandaged look is making Sukanya Verma think about all the crazy, funny ways Bollywood has treated a means of dressing an injury.
The total number of private equity transactions so far in 2012 is 23, marginally lower when compared to same period last year.
Bharti Infratel plans to raise Rs 4,500 cr through its IPO.
In February, 22 PE deals were announced, against 23 deals in the same month last year.
A controversy has erupted over namaaz allegedly being offered during a cultural event at a private school in Hathras district of Uttar Pradesh, a claim rejected by officials.
His attack on the government came days after Indian Army personnel clashed with Chinese soldiers in the Tawang sector in Arunachal Pradesh.
UK-based investment bank Rothschild is advising Tata Global Beverages.
A number of private companies have contributed to the development of ISRO's Chandrayaan-3 spacecraft which successfully landed near the south pole of the Moon on Wednesday evening.
Private equity firm Elevation Partners has invested $120 million in Facebook Inc by buying shares of the social networking site, a media report said.
Despite news of the private equity in the domestic healthcare and pharma industry touching almost Rs 40 crore (Rs 40 million) in the first nine months of the year, PE firms are not exactly bullish about investing in the pharma industry alone. In fact, a closer look at the investments reveals that a larger part of the money is being flown into healthcare delivery systems like hospital chains and not in pharma companies.
Several PE investors have appealed to the ministry to bring them at par with the foreign institutional investors as far as tax treatment is concerned.
In rupee terms, this amounts to about Rs 14,720 crore (Rs 147.2 billion), considering the rate of Rs 46/dollar suggested in the study.
Rocky Aur Rani Kii Prem Kahani is sure to raise eyebrows with its over-the-top quality, but hey, this is the unabashed Bollywood we once fell in love with and who is better than Karan Johar to retrieve the genre, asserts Mayur Sanap.
'How do you stay so energised? So young?' 'Dev Anand flashed that familiar crooked grin and told me, "The mind never grows old. It urges you to surge ahead".'
Wardens and staff members of hostels in Kota will be given professional training in mess management, psychological and behavioural counselling, and other aspects of students' care to equip them to battle the rising number of suicides by aspirants in the coaching hub.
Private equity fund investment in India has risen to $2.48 billion till July driven by the country's robust economic growth and investors are now likely to target opportunities in the core sector in the days ahead, a latest report says.
With over 80 million Unified Payments Interface (UPI) users, Amazon Pay, the payments business of e-commerce giant Amazon, has been growing at 40-50 per cent year-on-year (Y-o-Y), said Mahendra Nerurkar, chief executive officer (CEO) and vice-president (V-P), Amazon Pay India. "Leveraging just the micro peer-to-peer (P2P) transactions on UPI is not a business model. "While we have enabled those features, we do not chase monthly active users based on this.
Following a campaign, Pele in the dictionary, legendary football Pele has now been added as an adjective in the dictionary.
The 33-year-old accused, Nossam Mohamed Yunus, was wanted for his alleged involvement in the Nizamabad terror conspiracy case, a spokesperson of the federal agency said
Sukanya Verma quizzes you to find out just how much you know about the movies.
Ranveer sees red... Esha sees white... Mithila wants to get sun-kissed...
Ronnie Screwvala-led edtech unicorn upGrad, has filed a suit for trademark infringement against another EdTech company called Scaler. The suit has been filed in the Delhi high court for violation of intellectual property relating to upGrad's trademark. It has also sought damages of more than Rs 3 crore. upGrad accused Scaler of using its brand name 'upGrad' through Google Ads to appear on top of search results on Google Search Engine and in turn gaining illicit benefit.
Mutual funds (MFs) turned net sellers of equities in April amid a run up in stock prices on sustained inflows from foreign portfolio investors (FPI). The benchmark indices, Sensex and Nifty50, logged their biggest monthly advance since November last year, gaining 3.6 per cent and 4.1 per cent last month. Data from the Securities and Exchange Board of India (Sebi) shows that MFs sold equities worth over Rs 5,100 crore in April, the highest since February 2021.
Former BharatPe chief Ashneer Grover has written to the company's board seeking action against CEO Suhail Sameer following his offensive remarks on social media and sought resignation of chairman Rajnish Kumar. In response to a comment by Ashneer's sister Aashima on a social media post by former BharatPe employee Karan Sarki, Sameer said "Behen- tere bhai ne saara paisa chura liya (Sister, your brother has stolen all the money). Very little left to pay salaries". Sarki in the post had raised the issue of sacking of old staff and non-payment of salaries.
Through a series of structured investments -- in the form of convertible debt and equity -- Apollo will take exposure to Welspun's holding company and its steel and infrastructure subsidiaries.
The actor was the definition of a modern bridesmaid on the ramp.
The ruling Aam Admi Party in Delhi rejected the allegation of any wrongdoing and accused the BJP of "using all its power to finish AAP".
Private equity investments in Indian companies grew 38 per cent to $62.2 billion last year, with inflows into Reliance Industries' telecom and retail ventures contributing nearly 40 per cent of the total value of the deals, a report said on Wednesday. Barring investments into Jio Platforms and Reliance Retail, the total deal value was down by 20 per cent over 2019 as the volume of large deals of more than $100 million dipped by a fourth, as per the report by Bain & Company and India Venture Capital Association. Overall investment activity remained muted from March to May last year due to COVID-led uncertainties and investor confidence recovered strongly in the second half to pre-COVID levels with late-stage and buyout deals witnessing increased traction, it said.
From aadmi to andas, Bollywood songs dispense gyaan for every occasion. But nothing beats its obsession with pyaar.
Shadab Khan doesn't shy away from expressing his love for Bollywood movies and local food.
The market continues to remain highly competitive relative to Indonesia and Malaysia, says Anand Narayan, senior managing director of Creador Advisors.
The ban on taxi aggregators can put at risk investments of at least Rs 2,000 crore (Rs 20 billion), made by private equity (PE) and venture capital (VC) investors.
Pradhan, who is also the skill development minister, said he has received positive feedback from students on the plan to conduct board exams twice a year.
The nine-page guidelines have been issued days after the state government set up a 15-member committee headed by education secretary Bhawani Singh Detha to examine the issue after record student suicides were reported from coaching hub Kota.
According to data compiled by deal space research firm VCCEdge, private equity firms invested $7.97 billion in India during the 12 months ending December 2010, compared to $4.06 billion during the previous year.
The sharp correction in the Indian markets from their peak levels has made valuations attractive, say analysts, who advise buying selectively, but only from a long-term perspective. Fifty-six of the Nifty 100 stocks, according to Mahesh Nandurkar, managing director at Jefferies, now trade below the 10-year historical averages, including stocks in financial, select auto, and pharma sectors. "Valuation (one-year forward consensus price-to-earnings, PE) has declined 25 per cent from October 2021 peak, almost matching the 33 per cent price-earnings contraction during the 2011 tightening cycle when repo rates went up by 375 basis points (bps) versus 250 bps this cycle.
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