Qatar economy grew 1.2% year on year in Q3 2023
The Gulf state of Qatar's real gross domestic product (GDP) increased 1.2% year on year in the third quarter of 2023, government estimates showed on Thursday. Estimated quarterly GDP at constant prices, adjusted for inflation, stood at 177.3 billion riyals ($48.6 billion) in the quarter, compared with an estimate for the ......
Saudi Arabia's Q1 GDP falls 1.8% year-on-year
Saudi Arabia's real gross domestic product (GDP) decreased 1.8% year-on-year in the first quarter, flash estimates by the government's statistical authority showed on Wednesday, as a decline in oil activities continued to hurt overall growth. The kingdom's GDP had shrunk 3.7% in the fourth quarter of 2023, as cuts to oil ......
Why Indian private hospitals may face growth slowdown in FY25
Private hospitals in India will likely record a slower revenue growth in the fiscal year 2024-25 compared with the previous year as they adjust to the post-pandemic era cooldown, according to credit rating firm CRISIL. Revenue of private hospitals will grow at 11-12% in 2024-25, following an estimated 14% growth in ......
Grapevine: Juniper Green mulls IPO; Tiger Global-backed Innovaccer seeks funding
Delhi-based renewable energy firm Juniper Green Energy is in talks with investment banks to explore the possibility of an initial public offering (IPO), a media report said. The IPO could potentially raise $200-250 million (Rs 1,700-2,100 crore) or more, Moneycontrol reported, citing people familiar with the matter. Funds raised from the IPO, if realized, ......
Exclusive: PE firm to lead majority stake buy of NephroPlus
Nephrocare Health Services Pvt Ltd, India’s biggest nephrology chain operator that runs its business as NephroPlus, is set to see a big-ticket private equity deal resulting in a majority stake buy, two people aware of the development told VCCircle. The deal, which is in the final leg, values the company around ......
Aramco chief's election as BlackRock director faces opposition from pension fund
A pension fund for New York City employees urged BlackRock's shareholders to vote against the election of Saudi Aramco's chief executive as director, citing potential conflicts of interest around the asset manager's decarbonizing strategy as well as human rights concerns. The world's top asset manager BlackRock named Amin Nasser, the chief ......
Macquarie plans India smart metering platform, starts talks with local firms
Macquarie Capital, the investment arm of Australia’s Macquarie Group, is looking to set up a platform for smart metering projects in India and is in early stages of talks to collaborate with local players for the purpose, two people aware of the development told VCCircle. If the talks materialise, Macquarie ......
GoFirst lenders to mull liquidation after chances of revival get thinner
Lenders to India's Go First will meet later this week to discuss options for the bankrupt airline, including liquidation, after a court order allowed lessors of the aircraft to take back their planes, two bankers with Go First's creditors said on Tuesday. "There is no value left in the airline after ......
