Latest News for: Indian private

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Global funds eye entry into Indian private credit space

Financial Express 02 Jun 2023
Global investor Fortress Investment Group, US-based HPS Partners, Qatar-based Power International Holding (PIH) and others are evaluating deals in the Indian private credit space ... Power International Holding (PIH) and others are evaluating deals in the Indian private credit space.
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Plea in HC against 85% reservation for govt school students in Class XI

Indian Express 02 Jun 2023
The petitioner, through her counsels, submitted before the high court that she had completed her matriculation (Class X) in 2022-23 from St Stephens School, Sector-45, Chandigarh, which is a private school, with 90.60 percent in Indian Certificate of Secondary Education (ICSE) Board.
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Latest GDP data: Only the pessimists are surprised

Indian Express 02 Jun 2023
Core gross value added, an indicator of private sector buoyancy, grew by 7.7 per cent in 2022-23, a tad higher than the pre-pandemic growth of 7.5 per cent registered over 28 quarters (from the first quarter of 2012-13 to the fourth quarter of 2018-19) ending in the fourth quarter of 2018-19.
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KKR India moves Kumar to Singapore to lead Southeast Asia PE -sources

Reuters 01 Jun 2023
Kumar will work with Ashish Shastry, a partner who heads Southeast Asia and co-heads the firm's Asia Pacific Private Equity business ... Last month, KKR also hired Trehan's former colleague Akshay Tanna from TPG to be a partner in its Indian private equity team, said a source with direct knowledge of the matter.
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South Indian Bank shares jump 11% after board approves candidates for MD & CEO posts

The Times of India 01 Jun 2023
Shares of private sector lender South Indian Bank jumped 11% to Rs 19.1 in Thursday's trade on BSE after the bank finalised candidates for the posts of MD and CEO ... At 11.59 am, the South Indian Bank shares were trading 9.5% higher at Rs 18.9 on BSE ... In Q4 FY23, South Indian Bank reported its highest-ever quarterly net profit of Rs 333.9 crore.
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South Indian Bank share price skyrockets 11% on shortlisting candidates for new MD, CEO posts; should you buy?

Live Mint 01 Jun 2023
Small-cap stock South Indian Bank skyrocketed by nearly 11% on Thursday as the private sector lender will soon submit the names of shortlisted candidates for the appointment of new MD and CEO to the Reserve Bank of India (RBI).
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Contaminated drugs, shredded papers: US FDA uncovers failures in India pharma factoriesFor years, the FDA ...

Deccan Herald 01 Jun 2023
The $50 billion sector is under the spotlight after a number of recent scandals linked to smaller, privately-held Indian companies, including the deaths of dozens of children in Gambia and Uzbekistan from adulterated cough syrup, and supplying contaminated chemotherapy drugs to the US.
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Russia's rupee trap adding to $147 billion hoard abroadWith imports from India stagnating, Russia is ...

Deccan Herald 01 Jun 2023
Russian cos investing rupee surplus in Indian govt debt. It’s an option that initially didn’t find favour with Moscow but is now back on the table as billions of rupees pile up in Indian banks, officials in India familiar with the details said, asking not to be named because discussions were private.
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Dr Sunil Kapoor Bhopal Chairman of SRK University Awarded With Grand Star Of Oxford University

Hindustan Times 01 Jun 2023
... of private-sector universities to the development of society. The private sector has made significant contributions to the Indian educational system, and the honor is significant for her university as well as for those working in the field of education through their organizations.
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Petrol, diesel sales soar in May as agriculture demand, car air conditioning pick up

Financial Express 01 Jun 2023
In April, diesel demand had risen 6.7 per cent year-on-year and the consumption in May was better than that. Month-on-month sales rose 4.2 per cent when compared with 7.16 million tonne of diesel consumed in April. Follow Us ... Natural gas consumption down 6% ... The Indian economy has gained pace with a pick-up in government and private capital spending ... .
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Valuation cuts continue to plague unicorn startups

Financial Express 31 May 2023
The markdown reflects the current market sentiment and underscores the funding challenges faced by Indian unicorns.Another US-based investor, The Private Shares Fund, has slashed the fair value of its holding in edtech unicorn Eruditus by 9% in the March quarter.
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Revival in private consumption still some time away

Financial Express 31 May 2023
In the absence corporate sector capex, it is no doubt providing the necessary support to the ongoing recovery, but India Ratings believes for a sustainable growth and recovery of the Indian economy revival of private corporate sector capex is a must,” the agency said.
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In California, Rahul Gandhi slams BJP, RSS, Modi for assaulting idea of India

Hindustan Times 31 May 2023
On June 1, he will head to Washington DC where he will speak at the National Press Club, interact with think tanks at a closed-door Hudson Institute event, engage in meetings on Capitol Hill, and attend a private dinner hosted by prominent Indian-American diaspora figure Frank Islam ... The idea behind it was to take an x-ray of Indian society.
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Market may have discounted one more Fed hike; EL Nino a potential risk: G. Pradeepkumar of Union AMC

Live Mint 31 May 2023
However, the risks posed by monsoon and external factors should not be overlooked.Regarding the EL Nino effect, Indian Meteorological Department’s (IMD’s) forecast differs slightly from that of private forecasters. Based on both dynamic and statistical models, IMD's forecast ...
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The Self(ie) era

The Telegraph India 31 May 2023
... With Worlds Private And Spiritual .

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