Private Equity

Reliance-Facebook Deal will help Jio Retail launch Shopping via WhatsApp

Reliance-Facebook Deal will help Jio Retail launch Shopping via WhatsApp

Facebook recently announced investment in Reliance Platforms and the deal will boost Reliance Jio’s presence in Indian retail via Facebook’s social networking app WhatsApp.

PE Inflows in Indian Retail Touch 5-Year High in 2019: ANAROCK Report

PE Inflows in Indian Retail Touch 5-Year High in 2019: ANAROCK Report

Despite tepid consumer spends, the total PE inflows into Indian retail hit a new high in 2019 among all five years between 2015 to 2019.

Akshaya Prasad resigns from Goldman Sachs; joins Greater Pacific Capital

Akshaya Prasad resigns from Goldman Sachs; joins Greater Pacific Capital Akshaya Prasad, the infrastructure head of financial services bigwig Goldman Sachs, has resigned after his nine-year stint at the company. He has joined private equity firm Greater Pacific Capital, where he has been appointed the co-head of Greater Pacific's India business.

Two top-rung executives of ICICI Bank reportedly putting in their papers

ICICI Bank

Substantiating the December 2008 reports that some top-rung executives of ICICI Bank may quit after Chanda Kochhar's appointment as the new CEO and MD, two business chiefs - Renuka Ramnath ICICI Ventures' Managing Director and CEO; and Shikha Sharma, Managing Director of ICICI Prudential Life Insurance - are likely to put in their papers, sooner than later.

QIP issue helps Unitech raise Rs 1,620 cr; promoters' stake falls to 51%

unitechThe liquidity position of the cash-strapped realtor United Ltd is expected to improve, with the company recently raising Rs 1,625 crore at Rs 38.50 per share through qualified institutional placement (QIP) issue. The proceeds from this sale of new shares to qualified institutions will help the country's second-biggest real estate developer repay a part of its more than Rs 8,900-crore debt.

Recession-proof education sector beckoning PE, VC funds!

Recession-proof education sector beckoning PE, VC funds!Despite the fact that the global downturn has virtually hit every sector of the economy, the education sector has largely escaped any major blows; and is beckoning private equity (PE) and venture capital (VC) funds!

According to a “Private Equity Pulse – Education” report by Venture Intelligence - a research service tracking private equity and M & A activity in India – the PE, VC investors are targeting the domestic education firms, after they have noticed a huge potential in the education arena.

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