PRIVATEEQUITY
SBI plans to sell 14% stake in card unit’s IPO, raise Rs 8,000 crore
It is the second largest credit card company in India with a card base of 9.5 million after HDFC Bank, with over 13 million.
Powell’s Fed debut shows a shift away from theory
“There is no sense in data that we are on the cusp of an acceleration of inflation,” says Powell
LTCG tax jolts IPO plans of owners, PEs
Generally IPOs are priced with a huge premium to the company’s net asset value.
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12 global, local companies vie for Star Health
Star Health had reported a growth of 48 per cent in gross written premium at Rs 2,962 crore.
Institutional fund flow into commercial realty likely to surge four-fold this year
The investors are cognizant about the cyclical nature of real estate, and any change in growth cycle offers investment opportunities to capitalise.
Housing projects see fall in private equity investments in 2 consecutive quarters
Data show that residential housing got Rs.3,326 crore of investment in the first quarter of 2017 compared with Rs. 5,725 crore in the preceding October-December quarter.
No conflict of interest in Punita Kumar-Sinha's position in Infosys: Business leaders
Punita Kumar-Sinha, an independent board member of Infosys, is wife of Jayant Sinha, Minister of State for Civil Aviation.
Bidders drop out as 3i Infotech’s debt mounts to Rs 2,000 crore
3i’s troubles mirror similar woes faced by other promoter-driven peers such as NIIT, which has been looking to sell itself and has had overtures from interested buyers.
Apax pullout from IGate could trigger bidding war: Capgemini, Atos & Genpact in race for stake
US-listed company has been put on the block by Apax Partners, which owns about 30% of the company. Apax had financed IGate’s $1.2-billion takeover of Patni.
Companies citing capital control rules to skip paying pre-determined prices
Some are of the opinion that if the RBI or the government must enforce a control, perhaps it can put in place thresholds on the pricing of these options.
AIG to sell Indian AMC business to Canadian fund
The assets that AIG Global Real Estate India Advisors manage in India will be transferred to Brookfield Asset Management, a Canada-based fund manager.
Blackstone sees 2-year window to buy distressed homes: Mortgages
Blackstone has been buying $100 million of houses a week, Stephen Schwarzman, chairman of the New York-based firm, said during an October 18 earnings call.
Wall Street biggies have worst quarter since crisis
The biggest Wall Street firms posted their worst quarter in both trading and investment banking since the depths of the financial crisis.
Alibaba Group Holding Ltd keen on buying Yahoo
Alibaba Group Holding Ltd Chairman Jack Ma said he's "very interested" in buying Yahoo! Inc., the US Web portal.
Apple feelers to Blackstone CFO hints at deals
'If you're trying to hire someone whose DNA is deals, you're signalling to the public markets that you're considering changing your portfolio.'
Leveraged loans return 52% as ‘cheap money’ spurs 2009 recovery
Leveraged loans posted record returns this year while buyouts such as Blackstone Group LP’s purchase of Anheuser-Busch InBev NV’s amusement-park business helped fuel more than $150 billion of new debt financing.
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