private equity firm

Obama attacks Romney for shipping jobs to India


June 23rd, 2012 - 10:39 am ICT by IANS
Washington, June 23 (IANS) Seizing a news report that a company founded by Mitt Romney shipped American jobs to countries like India and China, President Barack Obama went into ... Read more...

Posted in Politics |

Devas Multimedia gets new chairman


March 30th, 2012 - 5:50 pm ICT by IANS
Bangalore, March 30 (IANS) The controversial Devas Multimedia Services Ltd appointed Lawrence T. Babbio as the new chairman of its board in place of M.G. Chandrasekhar who resigned from ... Read more...

Posted in Sci-Tech |

Investors eye Indian film industry with caution


March 14th, 2012 - 10:40 pm ICT by IANS
Mumbai, March 14 (IANS) The buoyant Indian film industry marred by multiple challenges, industry experts opined at a panel discussion at the 13th edition of the three-day global convention ... Read more...

Posted in Entertainment |

Louvre Hotels to open 50 new hotels in India by 2015


March 6th, 2012 - 6:22 pm ICT by IANS
Kolkata, March 6 (IANS) France-based hospitality chain Louvre Hotels Tuesday said it would set up 50 hotels in India by the end of 2015."Right now we are operating nine hotels ... Read more...

Posted in Business |

nivio secures $21 million funding


February 10th, 2012 - 9:44 pm ICT by IANS
Hyderabad, Feb 10 (IANS) Cloud computing start-up nivio has secured $21 million funding from the Videocon Group and AEC Partners, a US-based private equity firm with specialised holdings in ... Read more...

Posted in Business |

Mitt Romney releases tax returns


January 25th, 2012 - 11:19 am ICT by IANS
Washington, Jan 25 (IANS/EFE) Republican presidential hopeful Mitt Romney Tuesday made public his two most recent tax returns, which reveal that the millionaire businessman is subject to a much lower ... Read more...

Posted in World |

Mu Sigma raises $108 million equity fund


December 29th, 2011 - 12:10 am ICT by IANS
Bangalore, Dec 28 (IANS) Leading analytics firm Mu Sigma Wednesday raised $108 million (Rs.573 crore) from private equity firm General Atlantic and venture firm Sequoia Capital in its second round ... Read more...

Posted in Business |

Private equity firm Apollo to invest Rs.2,250 crore in Welspun group firms


June 29th, 2011 - 1:33 pm ICT by IANS
Mumbai, June 29 (IANS) One of the world's leading private equity firms, Apollo Global Management will infuse about Rs.2,250 crore in Welspun Corp Limited (WCL), a leading pipe manufacturer and ... Read more...

Posted in Business |

Max India to acquire Warburg Pincus’s stake in Max Healthcare


June 17th, 2011 - 8:47 pm ICT by IANS
New Delhi, June 17 (IANS) The Analjit Singh-promoted Max India Friday said that it has got approval for acquisition of private equity firm Warburg Pincus group's entire shareholding of 16.37 ... Read more...

Posted in Business |

Rajat Gupta lived a double life: report


May 23rd, 2011 - 10:35 am ICT by IANS
Washington, May 23 (IANS) Rajat Gupta, a former Indian American managing director of the global consulting firm McKinsey & Co, accused by US regulators of inside trading "has lived a ... Read more...

Posted in Business |

Prosecutors want Roomy Khan tapes in Rajaratnam trial


April 5th, 2011 - 11:29 am ICT by IANS
New York, April 5 (IANS) US prosecutors want to show two surveillance videos of ex-Intel executive Roomy Khan, who allegedly passed on a tip from a former Indian American Moody's ... Read more...

Posted in Business |

‘Indian origin billionaire investor Rajaratnam accused of pocketing $4M on Hilton deal’


March 22nd, 2011 - 2:20 pm ICT by ANI
Washington, Mar 22 (ANI): US federal prosecutors have said that Indian origin billionaire investor Raj Rajaratnam, founder of Galleon Group who was arrested over an alleged 20 million dollars insider trading scheme, ... Read more...

Posted in World |

Rajaratnam made millions on tips from Indian Americans


March 22nd, 2011 - 11:40 am ICT by IANS
Washington, March 22 (IANS) Hedge fund tycoon Raj Rajaratnam made $4 million in a day by doubling his stake in Hilton thanks to a tip from an Indian origin Moody's ... Read more...

Posted in World |

PE Sequoia plans $600 mn investment in India


March 15th, 2011 - 7:33 pm ICT by IANS
Hyderabad, March 15 (IANS) Private-equity firm Sequoia Capital plans to invest $600 million in various companies in India over the next four to five years, a top company official said ... Read more...

Posted in Business |

Former Goldman Sachs director Rajat Gupta to take “leave of absence”


March 13th, 2011 - 2:54 pm ICT by ANI
Washington, Mar.13 (ANI): Former Goldman Sachs director Rajat Gupta is planning to take "leave of absence" from the management of the private equity fund New Silk Route which he co-founded five years ... Read more...

Posted in World |

Rajat Gupta takes leave from his PE firm


March 11th, 2011 - 10:45 am ICT by IANS
New York, March 11 (IANS) Amid charges of insider trading by US regulators, Rajat Gupta, former Indian-American director of Goldman Sachs Group has taken a leave of absence from a ... Read more...

Posted in Business |

Finance dominates IIM-Calcutta placements


March 10th, 2011 - 5:29 pm ICT by IANS
Kolkata, March 10 (IANS) The finance sector ruled the final placements process at the Indian Institute of Management-Calcutta (IIM-C) with renowned firms from the field making up 31.3 percent of ... Read more...

Posted in Uncategorized |

Inquiry launched into 2006 takeover of Formula One


February 16th, 2011 - 5:14 pm ICT by ANI
London, Feb 16 (ANI): An inquiry has been launched into the 2006 takeover of Formula One, resulting in the sport being thrown into turmoil.Accountant firm Ernst & Young and law firm Freshfields ... Read more...

Posted in Sports |

iGate acquires majority stake in Patni Computers


January 10th, 2011 - 4:35 pm ICT by IANS
Mumbai/Bangalore, Jan 10 (IANS) US software company iGate along with private equity firm Apax Partners has agreed to acquire a majority stake in Indian software services major Patni Computer Systems Monday for ... Read more...

Posted in Business |

Britain’s ‘most-networked’ man sets eyes on India


January 10th, 2011 - 12:46 pm ICT by IANS
By James Jose New Delhi, Jan 10 (IANS) Pi Capital, the Britain-based private equity firm for top-notch industrialists and high net-worth individuals, is finally opening a unit in India where it has an ... Read more...

Posted in Business |

Baring Private Equity invests $90 million in Cethar Vessels


December 30th, 2010 - 4:39 pm ICT by IANS
Chennai, Dec 30 (IANS) The Tiruchirapalli-based Rs.1,046 crore boiler manufacturer Cethar Vessels Ltd has received $90 million from private equity fund Baring Private Equity Partners India for an unspecified percentage stake, a ... Read more...

Posted in Business |

Jo-Ann Stores to be acquired by Leonard Green for $1.6 billion


December 24th, 2010 - 4:33 pm ICT by BNO News
HUDSON, OHIO (BNO NEWS) -- Jo-Ann Stores, Inc. has announced that it has entered into a definitive agreement to be acquired by an affiliate of Leonard Green & Partners, L.P. for a ... Read more...

Posted in Business |

Reckitt Benckiser to acquire Paras Pharma for $728 mn


December 13th, 2010 - 5:35 pm ICT by IANS
New York, Dec 13 (IANS) British consumer goods giant Reckitt Benckiser (RB) Monday said it would acquire Indian pharmaceuticals firm Paras Pharma for $728 million (Rs.3,260 crore), joining other global companies who ... Read more...

Posted in Business |

‘Queen’ to re-release their albums


November 10th, 2010 - 4:06 pm ICT by ANI
London, Nov 10 (ANI): Veteran British rock band Queen has signed a new record deal with Universal that will see all their albums remastered and re-released next year.The agreement thereby ends ... Read more...

Posted in Entertainment |

Federer says he has asked IMG chief about betting allegation


November 10th, 2010 - 2:29 pm ICT by ANI
New York/Paris, Nov.10 (ANI): Tennis champion Roger Federer has reportedly approached sports and media conglomerate IMG for clarifications on his role in allegations of a breach of contract filed against Theodore ... Read more...

Posted in World |

Kalanathi Maran ups stake in SpiceJet


October 19th, 2010 - 5:04 pm ICT by IANS
Mumbai, Oct 19 (IANS) Sun TV founder Kalanithi Maran and his unlisted aviation firm Kal Airways have increased stake in the low-cost airline SpiceJet by 2.28 percent.Maran and KAL Airways bought 9.22 ... Read more...

Posted in Business |

Micromax sells minority stake to venture capital firms


September 20th, 2010 - 9:13 pm ICT by IANS
New Delhi, Sep 20 (IANS) Indian mobile handsets maker Micromax Monday said that it has sold a minority stake amounting to Rs.2 billion to venture capital players Sequoia Capital and Sandstone Capital ... Read more...

Posted in Business |

Vishal Retail sells business for Rs.100 crore


September 13th, 2010 - 6:02 pm ICT by IANS
Mumbai, Sep 13 (IANS) Debt-ridden Vishal Retail Monday said it would sell its retail operations to the Shriram Group and wholesale business to the Indian subsidiary of US-based private equity firm TPG. It ... Read more...

Posted in Business |

Movie Review - Dinner for Schmucks (2010)


August 14th, 2010 - 8:50 pm ICT by Sampurn Wire
Dinner For Schmucks: A Laugh RiotRating: 3.5 out of 5*Starring: Steve Carrell, Paul Rudd, Stephanie Szostak and Zach GalifianakisDirector: Jay RoachAugust 14, 2010 (Sampurn Wire): Tim (Paul Rudd) is an analyst ... Read more...

Posted in Entertainment |

Daniel F. Akerson To Succeed GM CEO Ed Whitacre


August 13th, 2010 - 8:33 pm ICT by GD
By Gina Gomez Detroit, Aug 13, (THAINDIAN NEWS) In what has come as a major surprise, Ed Whitacre has revealed that he would be stepping down as the chief executive officer of the ... Read more...

Posted in Business |

Tata Realty targets Rs.30,000 crore projects by 2015


August 5th, 2010 - 5:56 pm ICT by IANS
Chennai, Aug 5 (IANS) Tata Realty and Infrastructure Ltd (TRIL) is targeting an order book of Rs.30,000 crore by 2015, building logistics parks, roads, airports, rapid transport systems, a top company official ... Read more...

Posted in Business |

MJ’s Neverland ranch could be turned into state park


July 15th, 2010 - 3:17 pm ICT by ANI
London, July 15 (ANI): The former home of Michael Jackson could be turned into California's latest state park.The idea has been pitched by assemblyman Mike Davis, who wants to convert Jackson's ... Read more...

Posted in Entertainment |

Rob Lowe May Be Involved in Negotiations to Buy Miramax


July 8th, 2010 - 10:03 pm ICT by Angela Kaye Mason
July 8 (THAINDIAN NEWS) Walt Disney has been actively attempting to sell off it’s financially troubled ‘Miramax’ for quite some time. The antics seem to have stepped up a bit, ... Read more...

Posted in Entertainment |

Queen ‘to quit longtime label EMI’


May 12th, 2010 - 5:14 pm ICT by ANI
London, May 12 (ANI): Rockers Queen are set to part ways from their longtime record label EMI, it has emerged.Queen, which has been with EMI for almost four decades and sold an ... Read more...

Posted in Entertainment |

Parkway stake makes Fortis largest Asian hospital chain


March 12th, 2010 - 5:12 pm ICT by IANS
New Delhi, March 12 (IANS) Fortis Healthcare founded by brothers Malvinder and Shivinder Mohan Singh has become the largest hospital chain in Asia after buying 24-percent stake in Singapore's Parkway Holdings for ... Read more...

Posted in Business |

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