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Asian Paints investing $19.7M to pick majority stake in kitchen accessories maker Sleek

Consumer

08 August, 2013

Asian Paints investing $19.7M to pick majority stake in kitchen accessories maker Sleek

India’s largest paints company Asian Paints Ltd is investing Rs 120 crore ($19.7 million) as part of a deal to ......

Fortis prunes debt by almost half but net loss bulges over three times to Rs 221Cr in Q1

Healthcare

08 August, 2013

Fortis prunes debt by almost half but net loss bulges over three times to Rs 221Cr in Q1

Fortis Healthcare Ltd, the largest healthcare service firm in India by revenues, sank deeper into losses in the first quarter ......

Beckman Coulter Life Sciences acquires assets of Bangalore-based ReaMetrix

Healthcare

08 August, 2013

Beckman Coulter Life Sciences acquires assets of Bangalore-based ReaMetrix

US-headquartered research and discovery firm Beckman Coulter Life Sciences has acquired the flow cytometry business assets of Bangalore-based life science ......

MT Educare net profit up 22%; revenues grow 30% in Q1

Consumer

08 August, 2013

MT Educare net profit up 22%; revenues grow 30% in Q1

Helix-backed K-12 tutoring and test preparation firm MT Educare Ltd (MTEL) reported 22 per cent rise in net profit to ......

News Roundup: Suntory, Pernod Ricard in talks to buy stake in Tilaknagar Industries

Others

08 August, 2013

News Roundup: Suntory, Pernod Ricard in talks to buy stake in Tilaknagar Industries

Tilaknagar Industries (TI), the maker of Mansion House, the world’s second-best-selling brandy label, is in talks with global giants like ......

Apollo Hospitals' net profit up 13.2%; revenues rise 15% in Q1 led by pharmacy business

Healthcare

07 August, 2013

Apollo Hospitals' net profit up 13.2%; revenues rise 15% in Q1 led by pharmacy business

Chennai-based and public-listed Apollo Hospitals Enterprise Ltd, the largest hospital chain operator in the country and the top hospital firm ......

Omni Hospitals gets $10M funding from ASK Pravi

Healthcare

07 August, 2013

Omni Hospitals gets $10M funding from ASK Pravi

ASK Pravi, a joint venture between ASK Group and Pravi Capital, has invested $9.8 million (Rs 60 crore) in Hyderabad-based ......

IFC invests $2.3M in education finance firm Avanse

General

07 August, 2013

IFC invests $2.3M in education finance firm Avanse

IFC, a member of the World Bank Group, is investing $2.3 million (Rs 14 crore) as equity in start-up firm ......

Warburg Pincus-controlled finance firm Capital First sees 79% decline in Q1 net profit

General

07 August, 2013

Warburg Pincus-controlled finance firm Capital First sees 79% decline in Q1 net profit

Mumbai-based non-banking finance company Capital First Ltd (earlier Future Capital Holdings Ltd) saw its bottom line punctured by higher provisions ......

News Roundup: Sequoia, Peepul Capital in race to pick stake in vegetables retailer Kovai Pazhamudir

Others

07 August, 2013

News Roundup: Sequoia, Peepul Capital in race to pick stake in vegetables retailer Kovai Pazhamudir

Kovai Pazhamudir Nilayam, the Coimbatore-based fruits and vegetables retailer, is close to raising private equity funds up to Rs 100 ......