New York City-based private equity firm Warburg Pincus, LLC., has acquired a 14% stake in PVR Limited, India’s largest cinema chain headquartered in Gurgaon, for about $120 million. The stake was bought from PVR's existing investors, private equity firm Multiples Alternate Asset Management and PVR's founders, including chairman and managing...
India's Property Market May Flourish in 2017
Word on the street was that India's November 2016 demonetization of high value currency notes would have a significant impact on the real estate price; here is what the experts say: Forbes reports that 2017 will be a bumper year for India's real estate market as well as for its...
Foreign Lenders Support Non Banking Systems in India
The Wall Street Journal reports that global players such as KKR & Co. L.P., headquartered in New York City, and Manhattan-based Goldman Sachs are actively involved in alternative lending in India. Though the amount of the loans being offered are far smaller than those disbursed by big banks, the sector...
Yoga Day Marked in Times Square and Across the Globe
Last year, the United Nations proclaimed June 21 as International Day of Yoga, and many countries marked this day performing yoga exercises, report both NBC News and the BBC. On June 20, at Times Square, New York City, traffic came to a standstill as people practiced for a yoga session...
DigitalOcean Surges to India
Headquartered in New York City, DigitalOcean, a cloud infrastructure provider has invested $5 million in its data center at Bangalore – the company’s eighth data center. Co-founder and Chief Marketing Officer Mitch Wainer told the Daily Cloud that the new data center will openby June. “India will explode over the...
YouTube Supports Indian Content Creators
You Tube creators in India are capturing the color, music, humor, and drama of India to become among the top contributors in Asia in driving You Tube video views. To support this community YouTube has partnered with one of Asia’s largest and most renowned film schools, Whistling Woods International, to...