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...
Blackstone's New Asia Fund to Invest $2.4 Billion in India
New York City-based Blackstone Group L.P. will invest 60% of its maiden $4 billion Asia-focused fund—BCP Asia—in India. Blackstone’s global private equity fund will contribute around 40% of the deal value for every transaction the firm does in Asia, while BCP Asia will invest the balance. Blackstone, which manages $430...
Hyundai to Invest another $1 Billion in India
South Korea-based auto maker Hyundai plans to invest over $1 billion in India in the next three years. The company, which operates through its wholly-owned arm Hyundai Motors India Ltd, plans to launch an electric vehicle next year. Managing director and CEO Y. K. Koo said, "Our total investment till...
Hyundai Inaugurates India Quality Center
South Korean auto major Hyundai opened an India Quality Center with an aim to play a bigger role in new product development for domestic and international markets. This center is one of five such facilities worldwide after the U.S., Europe, China and the Middle East. Hyundai Motor India Ltd., managing...
Margins, Market Shares Rise at Indian Telcos
A research report by UBS Securities shows that there is a strong correlation between margins and revenue market share of telecom operators in India and indeed, in all of Asia. In India, the UBS research focused on the top three telecom operators in India in terms of revenue: Bharti Airtel,...
Kia to Manufacture Cars in India
Kia Motors Corp., affiliate of South Korea's Hyundai Motor Co., will invest $1.1 billion to build its first factory in the state of Andhra Pradesh in India. The plant will have a production capacity of 300,000 vehicles a year, and it will produce a compact sedan and a sport utility...