KKR, the investment firm based in New York, has agreed to take a majority stake in Cisternina Logistics, a bulk liquid and gas storage and logistics company in India. KKR signed definitive agreements, and the financial terms were not disclosed, Mint reported. Cisternina was founded in 2024. The investment will...
Scotch Whisky Prices Fall in India After UK Trade Deal
India is the largest consumer of whisky in the world and Scotch whisky has become less expensive in parts of India since the India-UK trade agreement took effect on July 15. Mint, called it the first price drop since the agreement and said prices fell 10% to 15% in states...
Shripad Naik Reappointed Head of AYUSH Ministry
56-year-old Shripad Naik started his political journey in 1988 when he became the General Secretary of the Bharatiya Janata Party in the state of Goa. In 2014 Naik was re-elected to the 16th Lok Sabha - the lower house of parliament - for a fourth term. Prime Minister Modi appointed him...
India to Establish Itself as a Filming Destination
The Government of India set in motion fresh initiatives to establish itself as an international shooting destination in the same league as well-established location sectors in Eastern Europe or Latin America. Authorities in 2016 established the Film Facilitation Office (FFO) with the aim "to streamline approvals for both foreign and...
Israel's Innovation Platform SOSA to Set Up Hubs in India
Israel-based South of Salame (SOSA), an open innovation platform aims to set up innovation hubs in at least three of India's states: Maharashtra, Goa, and Assam. The state of Andhra Pradesh has already signed an agreement with SOSA, to set up an innovation center in the city of Vishakapatnam. These...
Marigold Capital Set to Acquire The Leela in Chennai
Mumbai-based private equity fund Marigold Capital and Investments is set to acquire the Leela Group’s 326-room hotel in Chennai, India, for approximately $109 million. The fund specializes in buying debt-ridden hotels and commercial real estate properties and turning them around. Mumbai-based JM Financial, an investment bank that is the advisor...