The diversified group has plans to launch a $500-million (Rs 2500 crore) India-focused infrastructure fund by this year as reported by Business Standard. The Hindujas plan to focus only on investments in infrastructure projects. Like typical infra funds, the Hindujas also eye investments across the areas including roads, ports and power sectors. Aditya Birla Group owns a PE arm —Aditya ... Read More »
The Ajay Piramal Group is set to buy a European drug firm that will expand the groups ability to conduct basic pharmaceutical research,a weakness that has long hobbled Indian pharma companies as reported by ET. The Piramal Group is expected to pay $50- $100 million for the firm. Piramal will acquire intellectual property, worldwide development, marketing and distribution rights of ... Read More »
Buying a franchise offers a lot of benefits. Most importantly you get the expertise and a well defined system of operations. This benefit is not available to you while starting up your own business. A lot of mistakes can be avoided as the franchiser has already perfected them. Well there are some disadvantages too. You have no control over strategic ... Read More »
Private-equity fund Region Holdings aims to invest up to $150 million (Rs 750 crore) across four industry sectors that are expected to gain from India’s rapid urbanization as reported by ET. The US-based fund has shorlisted four key sectors – real estate, construction, technology and financial. It is also looking to acquire a non-banking financial services company and has shortlisted some ... Read More »
Mitsui Shumitomo has picked up 26% stake in Max New York Life Insurance Company for an undisclosed amount. New York Life the current foreign shareholder has exited from the JV. Max India will continue to own 74% stake in the JV according to ET. According to the deal structure, New York Life sold part of its 26% stake directly to Mitusi Sumitomo and partly ... Read More »
Manipal Hospitals, the country’s third largest healthcare group, is seeking to raise as much as Rs.150 crore from private equity (PE) firms by offering a minority stake for funding its expansion plans as reported by Livemint. Manipal Hospitals is part of the Manipal Education and Medical Group. The healthcare chain currently manages 4,400 beds and caters to more than 1.7 million ... Read More »
Cristobal Schlaubitz H. is the director of Altair-Petromar. He talks to Vishal Saxena about Altair-Petromar and the mindset of Indian entrepreneurs. What is Altair-Petromar all about? It is a tanker and offshore platform and equipment brokerage and project development company with operations in Venezuela, Mexico, Ecuador, Brazil, and other Latin American countries and also India and Singapore ... Read More »
Venture capital firm Tiger Global Management has invested close to.40 crore in a young start-up,Ola Cabs,founded by two IIT alumni Bhavish Aggarwal and Ankit Bhat as reported by ET. Unlike other cab rental companies,Ola Cabs does not own any car. It provides cars through its tie-ups with local cab owners in the country. At present, it has its operational in ... Read More »
Credit period given to customers varies from industry to industry. Every company eventually encounters a customer that does not remit payment when due or attempts to skip out on payment altogether. You may have a clear cut policy of charging interest on late payments and this policy should be communicated to the customers. This allows you to sue the owner ... Read More »
Social venture fund Aavishkaar, which manages a corpus of $120 million, has invested in two new ventures, an education services firm and a renewable energy company. The fund has invested a total of 26 crore across the two firms Karadi Path and Vana Vidyut Pvt Ltd, as reported by Business Standard. Karadi ath Education Co will receive 8 crore to expand its ... Read More »
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