The 2018’s edition of Global Metro Monitor ranked New Delhi as the sixth best performing metropolitan economy in the world. Delhi has the second largest metro area after Mumbai but with a per capita income of $18,600, which is three times the national average. The city has become a destination...
Etsy Launches in India
New York-based online marketplace for handcrafted goods Etsy launched in India. Based in Delhi, the Etsy team aims to help local entrepreneurs sell their handcrafted goods across the world. Indian vendors already have approximately 650,000 items listed on Etsy. The company will recruit and assist new sellers, who will be...
Fox Subsidiary Star India an asset for Comcast or Disney
Philadelphia, PA-based Comcast and Los Angeles headquartered Disney regard Star India to be an asset in their bidding war for a large portion of New York's 21st Century Fox Inc. In December, Disney said that it would buy some of Fox for $52.4 billion in an all-stock deal. In June...
Blackstone Raises $9 Billion in 2 Asia Funds
Joining peers such as KKR & Co., and The Carlyle Group, New York-based asset manager Blackstone Group LP raised $9.4 billion in two Asia-focused funds. The company hit the final close on its first Asian private equity fund at $2.3 billion, and its second regional real estate fund at $7.1...
KKR, TPG Bid for India's Fortis Healthcare
On April 18, I had blogged about San Francisco, CA-headquartered TPG Capital-backed Manipal Hospitals acquiring Fortis Healthcare's hospital assets. However, Fortis' shareholders objected to the acquisition, since the deal on behalf of Fortis hospitals had been approved by a board of directors elected during the ownership of Fortis' previous management who...
Archie Comics Heads to Bollywood
New York-based Archie Comics and mobile content and character entertainment company Graphic India are teaming up to bring Archie, Jughead, Betty and Veronica to India. The two companies will create a Bollywood-style live-action film, with an all-Indian cast, based on the iconic Archie Comics characters. The production, which will be...