As China's economy slows, economic growth in the Asia-Pacific region will shift away from China toward South Asia and Southeast Asia according to S&P Global. India's economy will drive Asia's growth in the next few years, leading regional growth, the Manhattan NYC-based credit agency projects. India's GDP for the fiscal...
India is Among Top Markets for Blackstone
Jonathan Gray, Blackstone's president and chief operating officer said at a press briefing, "India is a major part of the anchor of our Asia strategy." Gray added that Blackstone will also consider investing in Indian infrastructure in the future. The New York City-based Private Qquity firm, which manages nearly a...
BlackRock to Invest in Tata Power Renewable Energy
Larry Fink, chairman and CEO of New York City's investment management corporation BlackRock, is closing in on an investment of $500-750 million in Mumbai-based Tata Power Renewable Energy Ltd. With this investment, the value of Tata Power's subsidiary stands at close to $5 billion. BlackRock's chunky valuation of the business...
Compass Announces Plans for Tech Hub in India
New York City headquartered Compass, the real estate technology company, announced plans for a new technology hub in India's HITEC City at Hyderabad. The new tech hub plans to hire 200 product and engineering professionals in what will become the fourth Compass Tech Hub globally. The facility will help accelerate...
Warburg Pincus Acquires Majority Stake in India's Educational Financing Company
New York City-based global private equity firm Warburg Pincus LLC announced that it had entered into a definitive agreement to acquire an 80% equity stake in Mumbai, India-based Avanse Financial Services Limited for $45 million, from the Wadhavan Global Capital group. Avanse is an education focused Non-Bank Finance Company . Since...
India's HCL Acquires Seattle's Strong-Bridge Envision
Headquartered in Noida, a distance of 13 miles from Delhi, HCL Technologies acquired Seattle-based Strong-Bridge Envision, a digital transformation consulting firm backed by Bow River Capital of Denver, CO. With offices in Seattle, Denver, Atlanta, and New York City, Strong-Bridge Envision (SBE) will become part of HCL’s global Digital and...