Tags: India
Infosys Q1 results as expected, stocks rise almost 15%
Infosys Q1 results were as expected and stocks rose by around 15%. Infosys first quarter report was aligned with market expectations. Shares of the IT firm also rose almost 15% early morning in Friday.
India's slowing down results in lack of investment opportunities-Bain Capital
According to Bain Capital, India's slowing down resulted in lack of investment opportunities. "India is slowing down," says Nikhil Raghavan, a principal at Bain Capital LLC.
Capital flight from BRIC results to US$13.9 billion lost
Investors retracted US$13.9 billion from equity mutual funds invested in Brazil, Russia, India and China.
India’s Flipkart obtains US$200 million through private equity
India's Flipkart raised US$200 million from a clutch of private equity funds. On Wednesday, India's Flipkart raised US$200 million from a clutch of private equity funds.
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As part of India's ongoing campaign to attract investors, the Oil Minister approved the raising of natural gas prices.
India's Union Minister of Finance P. Chidambaram went on a four day trip to sell India's investment market.
To prevent a market collapse, India needs more equity investments according to top analyst Prahbat Awashti.
The continued weakening of the rupee and the Federal Reserve's stimulus policy prompted a massive Indian market exit from investors.
Assocham said that investments have dropped in India in a report released today. Assocham, one of India's associations of chambers of industry and commerce reported today that direct investments in the country are looking at a bleak future.
YES Bank is close to securing additional capital funds. YES Bank in a plan to raise around US$500 million would be selling close to 10% equity to two separate private equity investor groups.
Aptech Limited revealed plans to expand through its career education system. Aptech Limited, a Mumbai-based education company, has opened itself to acquisition opportunities that are in line with career education, to which it now focuses on, according to Ninad Karpe, CEO and managing director of Aptech Limited.
Citigroup's private equity firm, Citi Venture Capital International would buy India's Sansera Engineering for US$56 million.
Retail Holdings wanted an IPO up to US$200 million for Singer Asia. Retail Holdings NV was reported to seek up to US$200 million in an upcoming initial public offering of Singer Asia Ltd, said three anonymous sources.
Indian investments in the US have surpassed a record of US$11 billion according to a study by the US India Business Council.