Sumeet's Feed
Mar 25, 2015

IL&FS aims to more than triple power generation capacity

MUMBAI (Reuters) – Infrastructure Leasing & Financial Services Ltd (IL&FS) plans to more than triple its power generation capacity in five years, betting on demand for renewable energy sources such as wind and solar in Asia’s third-largest economy.

Prime Minister Narendra Modi has made renewable energy a priority as he looks to address the country’s chronic power shortages and fulfil an election promise of round-the-clock power to all Indians by 2022.

Mar 25, 2015

India’s IL&FS aims to more than triple power generation capacity

MUMBAI, March 25 (Reuters) – India’s Infrastructure Leasing
& Financial Services Ltd (IL&FS) plans to more than triple its
power generation capacity in five years, betting on demand for
renewable energy sources such as wind and solar in Asia’s
third-largest economy.

Prime Minister Narendra Modi has made renewable energy a
priority as he looks to address the country’s chronic power
shortages and fulfil an election promise of round-the-clock
power to all Indians by 2022.

Mar 23, 2015

Sahara gets more time to raise bail to free boss

NEW DELHI/MUMBAI (Reuters) – Sahara, a sprawling conglomerate that ranges from media to property and Formula One motor racing, on Monday got three more months from the Supreme Court to come up with a proposal to raise $1.6 billion to free its chief from jail.

Subrata Roy has been held in jail for more than a year after Sahara failed to comply with a court order to refund billions of dollars to investors in a bond programme that was ruled illegal. Sahara has made several failed attempts to raise the bail money.

Mar 23, 2015

India’s Sahara gets more time to raise bail to free boss

NEW DELHI/MUMBAI, March 23 (Reuters) – India’s Sahara, a
sprawling conglomerate that ranges from media to property and
Formula One motor racing, on Monday got three more months from
the country’s highest court to come up with a proposal to raise
$1.6 billion to free its chief from jail.

Subrata Roy has been held in jail for more than a year after
Sahara failed to comply with a court order to refund billions of
dollars to investors in a bond programme that was ruled illegal.
Sahara has made several failed attempts to raise the bail money.

Mar 23, 2015

Tough decisions as endgame nears for Sahara

MUMBAI (Reuters) – The Supreme Court will decide the future of conglomerate Sahara later on Monday, when it rules on whether time has run out for the controversial business empire to raise the $1.6 billion it needs to free its jailed chief.

The top court last week gave Sahara, a sprawling conglomerate that ranges from property to Formula One motor racing, a final chance to raise funds against its assets in order to bail out its founder, Subrata Roy.

Mar 23, 2015

Tough decisions as endgame nears for Indian conglomerate Sahara

MUMBAI (Reuters) – India’s highest court will decide the future of conglomerate Sahara later on Monday, when it rules on whether time has run out for the controversial business empire to raise the $1.6 billion it needs to free its jailed chief.

The Supreme Court last week gave Sahara, a sprawling conglomerate that ranges from property to Formula One motor racing, a final chance to raise funds against its assets in order to bail out its founder, Subrata Roy.

Mar 20, 2015

Investors fret over exit as prices for start-ups soar

MUMBAI (Reuters) – As billions of dollars flow into India’s booming online economy, some investors are beginning to fret that soaring valuations could hamper market listings and limit their options when it comes to turning paper profits into cash.

India’s rising number of smartphone users, cheaper internet costs and a vast middle class have turned it into one of the hottest markets for investors such as Singaporean wealth fund Temasek Holdings, venture capitalists Accel Partners and Japan’s SoftBank Corp.

Mar 20, 2015

Investors fret over exit as prices for India’s start-ups soar

MUMBAI, March 20 (Reuters) – As billions of dollars flow
into India’s booming online economy, some investors are
beginning to fret that soaring valuations could hamper market
listings and limit their options when it comes to turning paper
profits into cash.

India’s rising number of smartphone users, cheaper internet
costs and a vast middle class have turned it into one of the
hottest markets for investors such as Singaporean wealth fund
Temasek Holdings, venture capitalists Accel Partners
and Japan’s SoftBank Corp.

Mar 18, 2015

India plans IPO rule changes to lure homegrown start-ups: sources

MUMBAI (Reuters) – India’s market regulator is planning rule changes that will make it easier for homegrown start-ups to list their shares on local bourses, sources involved in the process said, helping domestic investors to bet on the country’s booming online economy.

While many of India’s largest online players are set to list in the coming year or two as they mature, none is currently expected to make its market debut at home. That could mean a significant loss for local exchanges and investors: marketplace Flipkart has prompted valuations of as high as $11 billion.

Mar 16, 2015

India life insurers seek quick capital fix from PE investors after law change

MUMBAI (Reuters) – Several Indian life insurance firms are courting private equity investors to boost their capital ahead of potential IPOs, which became more feasible after a new law allowing higher foreign ownership in a sector that last year was worth $50 billion.

The law, approved last week, lets insurers including Britain’s Prudential PLC (PRU.L: Quote, Profile, Research, Stock Buzz), Standard Life (SL.L: Quote, Profile, Research, Stock Buzz) and Canada’s Sun Life Financial (SLF.TO: Quote, Profile, Research, Stock Buzz) raise holdings in Indian joint ventures to as much as 49 percent from 26 percent, a change that makes a public offering less likely to significantly dilute the foreign partners’ stake.