News Roundup
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ICICI Bank sells Essar Steel loans to Edelweiss ARC; IT sector to lose 6.4 lakh jobs by 2021
ICICI Bank Ltd has sold Rs 1,000-1,500 crore of its loans to debt-laden Essar Steel Ltd to Edelweiss Asset Reconstruction ......
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IL&FS Investment raising $500 mn infra fund; Sequoia-backed Genesis Colors plans IPO
IL&FS Investment Managers Ltd is raising a $500 million infrastructure fund to invest in roads and energy projects, a media ......
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PE firm Kedaara Capital in talks to pick up minority stake in Sutures India; IOC-led consortium agrees to buy 23.9% stake in Russia's Vankor
Private equity firm Kedaara Capital is in an advanced stage of discussion to acquire minority stake in Bangalore-based surgical equipment ......
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GMR seeks investors for airports biz; FinMin, RBI may float special funds for stressed assets
GMR Infrastructure Ltd is in advanced talks with private equity firms KKR & Co and Apollo Global Management, along with ......
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Ola to raise fresh funds; Tata Power to buy 25% of Resurgent Power
ANI Technologies Pvt Ltd, which runs taxi aggregator Ola, is in talks with investors to raise a new round of ......
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Govt drops plan to raise FDI cap in aviation; Indian cement firms eye LafargeHolcim's Sri Lankan biz
The aviation ministry has dropped a proposal to raise the foreign investment limit in local airline companies to 74% from ......
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India, Cyprus to negotiate changes in tax treaty; Bharti Infratel in talks to buy Tower Vision
A delegation from Cyprus is likely to visit India in the next few weeks to discuss the changes to the ......
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RBI against banks taking majority stake in stressed asset funds; Apple plans to take Mac PCs to smaller cities
The Reserve Bank of India (RBI) has said that the stressed assets fund the government is looking to float together ......
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KKR in talks with SBI, ICICI for bad loan portfolio; Lemon Tree in talks with PE firms for stake sale
New York-based private equity firm KKR & Co LP is in talks with State Bank of India and ICICI Bank ......
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PE funds' buyout deals may attract higher tax; More support for Raghuram Rajan
India's tax department has issued a circular that gives tax officers freedom to determine whether buyout transactions are liable for ......
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