Business

Global PE Major KKR To Raise Infrastructure Bet In India

MUMBAI: KKR & Co is planning to invest a significant portion of its new $6.4 billion Asia-focused fund in the Indian infrastructure sector, including roads, highways, and renewables. The New York-based private equity major has already invested $3 billion in the Indian infrastructure space as part of its total...

Feb 23 · >

India On Track To Be $10 Trillion Economy, Set For Third Largest Slot: WEF President

NEW DELHI: India is on track to become a $10 trillion economy in coming years and grab the third-largest slot soon, World Economic Forum President Borge Brende said on Thursday as he described the country as a place with optimism not seen elsewhere in a very fragmented and polarised...

Feb 23 · >

Private Sector Activity Hits 7-Month High In February

NEW DELHI: The growth rate in India’s business activity accelerated to a 7-month high in February driven by a strong demand for both manufacturing and services, according to a private economic survey released on Thursday. India’s private sector activity rose to a seven-month high of 61.5 in February compared...

Feb 23 · >

Mubadala Investment Leads Rs 1,100 Crore Funding In Avanse Financial

MUMBAI: Abu Dhabi’s Mubadala Investment Co., Kotak Pre-IPO Opportunities Fund and Avendus Future Leaders Fund are set to deploy ₹1,100 crore of primary capital in Warburg Pincus-backed Avanse Financial Services, said people aware of the development. The proposed deal will value the Warburg Pincus-owned non-banking finance company (NBFC) at...

Feb 23 · >

GDP May Grow At 6.5 Per Cent In FY25: Ind-Ra

NEW DELHI: India’s economy is expected to grow at 6.5% in FY25, mainly driven by the government’s capital expenditure push, softness in global commodity prices and “healthy” corporate performance, India Ratings and Research (Ind-Ra) said in a report on Thursday. The projection, however, is sharply lower than the Reserve...

Feb 23 · >

Farm Community Gives Mixed Response To Increase In Sugarcane FRP

BAGHPAT/MEERUT (UP): The farm community in western Uttar Pradesh has given a mixed response to the government’s decision to increase Fair and Remunerative Price (FRP) of sugarcane to Rs 340 per quintal. The Union Cabinet on Wednesday decided to hike the minimum price that mills have to pay to...

Feb 23 · >

Solar Installations Fall 44 Per Cent In 2023, Says Report

NEW DELHI: India has reported a 44 per cent fall in solar installations at 7.5 gigawatt in 2023 due to land acquisition-related issues, research firm Mercom Capital said on Thursday. According to the US-based research firm’s latest report, a total of 13.4 gigawatt (GW) solar capacity was installed in...

Feb 23 · >

Vodafone Idea Board To Meet To Consider Fundraising Proposal

NEW DELHI: Telecom operator Vodafone Idea (VIL) on Thursday said its board will meet on February 27 to consider fundraising proposals. In a statutory filing, VIL said the board of directors will consider and evaluate all proposals for “raising of funds in one or more tranches by way of...

Feb 23 · >

SEBI Orders Attachment Of Bank, Demat Accounts Of DHFL Former Promoters

NEW DELHI: Markets regulator Sebi has ordered the attachment of bank accounts as well as shares and mutual fund holdings of Dheeraj Wadhawan and Kapil Wadhawan, the former promoters of Dewan Housing Finance Corp Ltd (DHFL), to recover dues totalling over Rs 22 lakh. This came after the brothers...

Feb 23 · >

Confident Of India’s Growth At 6-8 Per Cent For Next 10 Years, Says Vaishnaw

NEW DELHI: Union Minister Ashwini Vaishnaw on Thursday expressed confidence that India will continue to demonstrate a 6-8 per cent consistent growth rate over the next 10 years as he invited global players to the country to tap domestic and global markets. India is open to the world, and...

Feb 23 · >
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