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VCs invested $700mn in India during 2006

The government on Friday announced that Venture Capitalists poured in $700 million of investments in India during fiscal 2006 as compared  to $800 million of UK and $820 million of China from across the globe and hoped that such investors … […]

IFC invests $20 mn in Kanoria Chemicals

International Finance Corp (IFC), the private sector arm of the World Bank group, is investing $20 million in Kanoria Chemicals and Industries for the expansion of its caustic soda unit in Uttar Pradesh.

'The expansion of the Renukoot plant's capacity … […]

UBS, Citi pick stake in SIB

Close on the heels of the US-based privately held India Capital Fund hiking its stake, to a tad lower than 10%, in South India Bank (SIB), two more global financial majors, Swiss financial power house UBS Securities and Citigroup Global … […]

PEs bet big on transport and logistics firms

Despite the policy brouhaha, private equity players are still gung-ho about the transport and logistics industry. The last two months have witnessed almost seven PE deals worth more than $100 million in this space. […]

Pru could pay $500m to raise stake in India

Prudential could be forced by investors to pay more than anticipated to increase its stake in its Indian joint venture, following the rapid expansion of the operation and a hefty valuation of its Indian business partner.

The Indian government has … […]

Lighthouse picks up 20% stake in Unibic

US private equity Lighthouse Capital is picking up a strategic minority stake in Bangalore-based Unibic India, makers of premium cookies. Indian biscuit industry veteran Nikhil Sen headed Unibic has serial entrepreneurs DD Saxena and Michael Quinn as its co-promoters.

It … […]