The residential real estate sector in India is witnessing a spurt in global investments due to regulatory changes and a more dovish monetary policy outlook. Additionally, government announced a cut in the goods and services tax charged on sales of residential properties under construction to stimulate the economy by driving up...
Data Analytics Firms to Identify Malpractices in Ayushman Bharat
Five players in the data and analytics field will compete to detect malpractice in hospitals that are part of the Indian government's flagship health insurance plan Pradhan Mantri Jan Arogya Yojana under Ayushman Bharat, for a period of six months. The best performer among the five will be taken on...
Mercer Acquires India's HR Tech Startup Mettl
Headquartered in New York City, global HR consultancy Mercer, a subsidiary of Marsh & McLennan Companies Inc., acquired online assessment platform Mettl based in Gurugram, India. Ilya Bonic, global president of Mercer’s career line of business believes that the acquisition signifies Mercer’s entry into the rapidly-growing global talent assessment market...
Warburg Pincus JV to invest $400 million into affordable hotels
New York City-based private equity firm Warburg Pincus LLC., is setting up a joint venture with New Delhi-headquartered Lemon Tree Hotels Limited that plans to invest over $400 million to develop full-service accommodation for students and young working professionals. Warburg Pincus will hold a 68% stake in the joint venture while...
Blackstone Bullish on India's Private Credit Sector
New York City-based Blackstone Group's chairman Stephen Schwarzman said a reform-oriented government, weak rupee, bumper exits and new opportunities in bankruptcy and structured capital services will likely make India favorable for aggressive purchases by Blackstone in 2019. He added that Blackstone has plenty of scope to expand in the private...
Italian Luxury Brand Invests in Fashion Label from India
In a first, Italian luxury group Ermenegildo Zegna and India's Reliance Brands picked up an equity stake in India's fashion designer Raghavendra Rathore business. This investment points out to an untapped opportunity of growth for India's premium fashion labels. Gildo Zegna, CEO of Ermenegildo Zegna group said that his company...