India’s Flipkart announced last Wednesday that it has raised US$200 million worth of fund from a clutch of private equity firms who were also existing investors in the company.
Tags: India
CCI takes call after getting more information on Jet-Etihad deal
The Competition Commission of India (CCI) said that it would approve the proposed Jet-Etihad deal provided that the two carriers supply it with enough information.
India plans overseas debt sale to aid rupee
India’s government held a meeting today with as many as eight banks as it weighed its options to sell the country’s debt abroad.
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.
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MTN Group Ltd. stalled its talks with Reliance Communications Ltd. due to India's current revision of rules on mergers and acquisitions.
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.
