The deal is in the form of structured debt. The investments were made from HDFC Capital Affordable Real Estate Fund (Hcare fund 1 & 2) which has a corpus of $ 1.1 billion. Abu Dhabi sovereign fund ADIA is a key investor in the fund. In the first investment by any private equity fund manager … Read more
That could either have meant that Jio Platforms would raise about $5.7 billion more, or sell another 10% stake. But as it turns out, the company has ended up selling an additional 12.4% stake already to global investors, and has raised $8 billion more. At the rate Jio Platforms is signing up investments—$1.3 billion per … Read more
Mistry made the allegations in his affidavit submitted to the Supreme Court, where he is fighting a protracted legal battle with India’s largest conglomerate over his ouster in October 2016 from the group’s holding company. The Tata group and Mistry’s investment firms—Cyrus Investments Pvt. Ltd and Sterling Investments Pvt. Ltd—have been involved in the litigation … Read more
Even as COVID-related layoffs and salary cuts ensued across sectors, the Sahara Group on Monday said it has given pay hikes and promotions to its employees. Further, it said that there will be no layoffs of workers from any of its business vertical due to the coronavirus situation. The Sahara Group is also planning to … Read more
Shopping in your favourite mall may feel different in the post-covid world. On reaching, you could be asked to scan a QR code on an app, verified through a one-time password, allowing the mall to track your movements. An online tracking system could also inform you to leave a particular store depending on the number … Read more
The COVID-19 Pandemic, and the policy response to it, have fractured everything we knew as “normal.” Long-standing tensions and social distancing have collided to throw our world into disarray leaving business leaders to search for the “new normal” while re-assessing their business. This Pandemic Fracture has given rise to 5 Shifts that will shape our … Read more
If all goes well with either of two antibody therapies it is testing. Lilly is also doing preclinical studies of a third antibody treatment for the illness caused by the new coronavirus that could enter human clinical trials in the coming weeks, Chief Scientific Officer Daniel Skovronsky said in an interview. Lilly has already launched … Read more
India was expected to lose revenue of Rs 10 lakh crore due to the coronavirus crisis, Union minister Nitin Gadkari said on Wednesday. The situation was so grim that some states do not have money to pay salaries next month, he said, adding that the country needs to tackle the crisis with positivity. Addressing the … Read more
Construction and real estate are staring at a worker shortage of 52%, followed by manufacturing at 44% and healthcare and pharmaceuticals at 42%, according to a survey based on initial hiring discussions, enquiries and mandates. Companies across industries are facing a huge shortage of blue-collar workers as they gradually resume operations after the lockdown, and … Read more