Notwithstanding the massive plunge in the 2009 first quarter private equity (PE) activities in China by 50 percent and in India by 87 percent, the two countries managed to sweep-clean a majority – more than 70 percent - of the PE deals in the Asia-Pacific region!

During the first quarter of 2009, from January to March, private equity firms struck 36 deals amounting to an investment of nearly $526 million. These figures mark a considerable drop from the same-quarter year-before figures of 133 deals totaling $3.9 billion in investment.

The encouraging bookings and sales of its cars in India has given Czech auto giant Skoda the co

Come September and Toyota's sports utility vehicle 'Fortuner' will hit the Indian markets! The announcement about the SUV's projected launch was made by the Indian unit of Toyota Motor Corp. on Wednesday.

The world's biggest carmaker, which marks its Indian presence through a joint venture with the Kirloskar Group - Toyota Kirloskar Motor Pvt. Ltd -, said that the SUV with a three-litre futuristic common-rail diesel engine will cost nearly Rs 20 lakh.

After a long wait, Mahindra Retail, the part of diversified US$6.7 billion Mahindra Group, has finally rolled out its flagship store of Mom & Me in South Delhi.

The newly introduced flagship store of Mom & Me, spread over 10000 sq ft, is a one stop store specializing in the sale of a wide range of high quality products and value added services for 'Mother & Child'.

Religare Enterprises Limited (REL), a diversified financial services group of India, has notified that its venture capital arm has entered into a 50:50 JV with private equity firm Milestone Capital, for managing a Rs 600-crore healthcare and education fund 'India Build-Out Fund I'.

Under the tie-up, Religare along with its affiliates has committed to contribute Rs 60 crore in a new investment management company, which has an existing corpus of more than Rs 100 Crores.

Hindustan Dorr Oliver Ltd, a leading total engineering solution provider company, has bagged two prestigious Orders in Mineral Sector worth Rs 66 crore from Vedanta Group.

The company secured first order worth Rs 48.5 crore from Vedanta Group for their 12.5 LTPA Aluminium Smelter Expansion Project at Jharsuguda.