Company watch: Creador-backed Paras Healthcare battles inconsistent growth
Paras Healthcare Pvt. Ltd suffered a third annual decline in revenue growth but reported a steep rise in net profit during 2017-18, a year when it also raised private equity funding for the first time ever. Net sales for the company that operates Paras Hospitals grew 13.6% to Rs 468.2 crore ......
Microfinance portfolio growth slows in Oct-Dec, loan quality worsens for NBFCs
The Indian microfinance industry's loan portfolio recorded robust growth during the quarter through December 2018, but the pace slowed from the previous three months. The gross loan portfolio (GLP) of the microfinance industry grew 43% from a year earlier to Rs 1,66,284 crore during the October-December quarter, according to the industry ......
KKR hires Ashish Shastry of Northstar Group to manage Southeast Asia portfolio
Private equity firm KKR & Co. has appointed Ashish Shastry, managing partner and member of the investment committee for the Southeast Asia-focused PE firm Northstar Group, to head its operations in the region.The Wall Street Journal first reported that KKR hired Shastry from the Singapore-headquartered PE firm that manages $2 ......
Goldman Sachs to invest $500 mn in women founders
Goldman Sachs Group Inc will pump $500 million into companies led, founded or owned by women, as it steps up efforts to close the gender investing gap, the Wall Street bank said on Tuesday.The program, Goldman Sachs' second geared toward female entrepreneurs, will also help clients invest directly in private, ......
MakeMyTrip’s Deep Kalra, others bet on task management app Dunzo
Dunzo Digital Pvt. Ltd, which runs daily task management app Dunzo, has raised $6.5 million (around Rs 46 crore) from a clutch of new and existing investors including Deep Kalra, the chairman and group chief executive officer of online travel services provider MakeMyTrip. According to Dunzo’s latest filings with the Ministry ......
Brookfield's plan for big-ticket Indian hospitality deal hits rough weather
Canadian investment firm Brookfield Asset Management Inc.'s attempt to seal a big-ticket deal in India’s hospitality sector has hit a roadblock with a lender to the target company approaching the bankruptcy court. Brookfield has been in talks with debt-laden Hotel Leelaventure Ltd's promoter Nair family to buy at least four luxury ......
Sensex bounces back from string of losses to record weekly gain
Indian shares ended largely flat on Friday triggered by a worsening global growth outlook, and as losses in financial stocks such as Kotak Mahindra Bank Ltd offset gains in Maruti Suzuki India Ltd. The broader NSE Nifty closed flat at 10,791.65, while the benchmark BSE Sensex ended 0.07 percent lower at ......
Brookfield, Hiranandani Group seal biggest deal in Indian realty market
In the biggest deal that the Indian real estate market has seen in the recent past, Canadian firm Brookfield Asset Management has concluded its transaction with Mumbai-based Hiranandani Group to buy its commercial and retail assets in Powai for $1 billion (Rs 6,700 crore).Multiple media reports said that Hiranandani Group, ......
Emerging markets-focused PE firm Abraaj files for provisional liquidation
Abraaj Holdings Ltd, an emerging markets-focused private equity firm that has backed Hyderabad-based Care Hospitals and online grocer BigBasket, has filed for provisional liquidation.Dubai-based Abraaj said in a statement it has filed a petition in a Cayman Islands court to appoint PricewaterhouseCoopers as provisional liquidators for the firm. Abraaj said ......
Two marquee suitors make the cut for GIC-Tishman’s WaveRock
Two marquee investors have emerged as the final bidders for commercial real estate project WaveRock, a joint venture between Singaporean sovereign wealth fund GIC and US-based developer Tishman Speyer, two persons with direct knowledge of the matter told VCCircle.VCCircle had reported in February that a slew of investors had lined ......
Most Popular
Google News
Follow VCCircle on Google News for the latest updates on Business and Startup News