NewsRack: 'Deals' news in 'private equity' topic for user sandman1965

Nifty below 4550; RIL, ONGC, HDFC, Hero Honda drag ...	18.7.2027	CNN-IBN Top Stories

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Infosys CFO Ranganath resigns, search for successor soon	19.8.2018	Sify Finance
Infosys Chief Financial Officer (CFO) M.D. Ranganath has resigned and will continue in the executive post till November 16, the IT major said on Saturday.
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Reshuffle	19.8.2018	The Assam Tribune
Reshuffle
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'GST rate cuts will help the durables market': Shekhar Bajaj	17.8.2018	Rediff: Business
Shekhar Bajaj, chairman and managing director of the firm, explains to Viveat Susan Pinto on what led to this sales jump, besides throwing light on the benefits accruing to the sector on account of the GST rate cuts in appliances.
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Improved EBIT margins, delivered strong sales driven by organic growth says Henkel's CEO	17.8.2018	Sify Finance

Jet. Set. Plunge	17.8.2018	DNA: Top News
On August 16, 2015, Naresh Goyal, chairman of Jet Airways, wasn't his usual self while answering a query at the post AGM press conference in Mumbai. "We are feeding a lot of traffic to Abu Dhabi but we are not a feeder airline (of Etihad Airways). Our partnership with Etihad is a global one," he stressed. Three years later, the airline, in which Abu Dhabi-based Etihad Aviation Group holds 24% equity stake, has become the latest airline under the former's umbrella alliances to go under financial strains after two of its European peers- Alitalia and Air Berlin – were declared bankrupt last year while the equity in Darwin Airline (Etihad Regional) had to be sold off. What is more, Jet Airways has slipped to a distant second position in the last few years since the JV came into play. Analysts blame it on Etihad's business strategy which to a great extent depends on its equity alliance partners feeding their passenger traffic into its base at Abu Dhabi, often at the cost of the expansion plans of partners. ...
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Vajpayee: The father of 2nd generation economic reforms	16.8.2018	Rediff: Top Stories (India)
Modelled loosely around the National Highway System of the US, he in 2001 launched the Golden Quadrilateral and the North-South & East-West Corridor projects to build 4/6 lane highways between four top metropolitan cities of Delhi, Mumbai, Chennai and Kolkata as well as from Srinagar to Kanyakumari and Porbandar to Silchar.
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How Manipal plans to spread its wings in India	16.8.2018	Rediff: Business
Rough estimates show that at a rate of Rs 1 crore per hospital bed, the investment in India alone would be around Rs 2,000 crore
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To finish 350 stalled rojects, UP too adopts land pooling	15.8.2018	Rediff: Business
Land pooling refers to amassing small land parcels for infra development and returning approximately 60% of the redeveloped land to the original owners
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PVR aims Rs 500-crore revenue from SPI Cinemas by 2019-20	15.8.2018	DNA: Urban Tales
Multiplex chain PVR Ltd is eyeing Rs 500 crore revenue from South India-based SPI Cinemas, which the former is in the process of acquiring, by financial year 2019-20. SPI Cinemas, which operates 76 screens across 17 properties in 10 cities under several brands Sathyam, Escape, Palazzo, The Cinema, S2 Cinema, has reported revenue of Rs 309.6 crore in 2017-18. "We expect SPI Cinema acquisition to contribute Rs 500 crore revenue by financial year 2020. We also expect this acquisition to help us diversify content risk further with good mix of regional, Bollywood and Hollywood films," Kamal Gianchandani, CEO, PVR Pictures & Head of Strategy and Planning, told analysts in a conference call. Earlier this week, PVR announced it is acquiring 71.69 per cent stake in SPI Cinemas for about Rs 633 crore in an all cash deal. The company's board also approved the issuance of 1.6 million shares of PVR for the residual stake. The company said that acquisition is in line with the its continual growth and expansion ...
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Probably just funded Al-Qaeda: Indian-origin restaurateur gets racial hate in Kentucky	15.8.2018	DNA: Popular News
An Indian-origin restaurateur in the US has been racially targeted by a customer who referred to him and his family as "a tribe from India" and went on to comment that he "probably just funded Al-Qaeda" by eating at the hotel, according to a media report. Taj Sardar, the owner of 'The Kings Diner' in Ashland, Kentucky, was targeted by racial posts by the man after eating at his restaurant, WSAZ-TV reported. The small eatery serves a combination of home cooking and Indian dishes. Later, the man took a photo of the restaurant and wrote on Facebook to voice his displeasure with the food and also the people inside, it said. "I reluctantly entered to order meatloaf special and was greeted by a tribe from India. I'm ashamed that I probably just funded Al-Qaeda," the post on Facebook said. "When I first read the thing on the Facebook, I was like, 'Oh my gosh, is this serious?' " Sardar said. "I was like hopefully his backers don't try to get together and push me out here, which I've been living here since ...
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Liangmai, Rongmei bodies oppose bandh	15.8.2018	Manipur: E-Pao
Liangmai, Rongmei bodies oppose bandh
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Titular king bats for pre-merger status	15.8.2018	Manipur: E-Pao
Titular king bats for pre-merger status
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Manipur's Independence Day celebrated	15.8.2018	Manipur: E-Pao
Manipur's Independence Day celebrated
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Jet Airways denies stake sale, allays fears of debts	14.8.2018	Sify Finance
Jet Airways on Monday brushed off reports of a possible stake sale and also put to rest questions on rising debts that raised concerns on its ability to keep the airline flying.
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8 special courts likely to hear insolvency cases	13.8.2018	Rediff: Business
These courts will be set up in Mumbai, Delhi, Chennai, Kolkata, and Hyderabad
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Reliance Jio effect: Vodafone introduces prepaid plan with unlimited voice calls at Rs 99	13.8.2018	DNA: India
In an effort to compete with Reliance Jio and Airtel, Vodafone has now launched a new voice-only prepaid plan for a price of Rs 99, which will offer unlimited local, STD and roaming voice calls for a period of 28 days. This plan is only valid for Vodafone customers in 4G circles. At the moment, it is unknown whether Vodafone is capping the voice calls to 250 minutes per day and 1000 minutes per week. Recently, the government gave final approval to the mega merger of Vodafone and Idea Cellular which will create the country's largest mobile operator with 35 per cent market share and around 430 million subscribers, news agency PTI reported. The move comes just days after Idea Cellular and Vodafone India made a joint payment of Rs 7,268.78 crore 'under protest' to the Department of Telecom (DoT) for merging their mobile businesses. A senior DoT official privy to the development told PTI, that the final approval has been accorded to the merger and the entities will now approach Registrar of Companies (RoC) ...
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PVR to spend Rs 850 crore to buy SPI Cinemas	13.8.2018	Rediff: Business
The transaction is expected to close in the next 30 days and the merger process is expected to be completed in next 9-12 months
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DAC Approves Procurement of Six Ngopvs	13.8.2018	Govt of india: PIB
The Defence Acquisition Council (DAC) chaired by Raksha Mantri Smt Nirmala Sitharaman met here today and accorded approval for the procurement of six indigenously designed and manufactured Next Generation Offshore Patrol Vessels (NGOPVs) for the Indian Navy at an approximate cost of Rs. 4941 crore.
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Vodafone-Idea tech integration may take 4 years	13.8.2018	Rediff: Business
A large team led by Kumar Mangalam Birla has taken charge of the integration process.
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