Top Private Bank Continues to Roar on D-St, Hits New Life High on Strong Q2

By Malvika Gurung — Shares of the country’s second-largest private lender ICICI Bank (NS:) continued their northward movement and hit a fresh lifetime high of Rs 943.25 apiece on Tuesday, following robust Q2 earnings results released over the weekend. The banking major posted a 37% YoY jump in standalone profit at Rs 7,558 crore … Read more

Workiva Said to Have Drawn Takeover Interest from Private Equity Firms By

© Reuters. According to Bloomberg, Workiva Inc . (NYSE:) has drawn takeover interest from private equity firms, with Thoma Bravo and TPG being among firms that have held financing discussions with direct lenders to support a potential transaction. According to people familiar with the matter, a transaction has yet to be agreed and it is … Read more

US pension funds brace for grim results from investments in private equity

New York, Sep 24 (IANS) Public pension funds are already reporting big losses in 2022. Things are likely to get uglier, media reports said. That is because the funds, which manage around $5 trillion in retirement savings for the US teachers, firefighters and other public workers, haven’t yet factored in second-quarter returns on private equity … Read more

How private 5G, satellite internet services can cost dearly to companies

New Delhi, Sep 18 (IANS) As players like Elon Musk’s SpaceX, Hughes Communications India (along with ISRO) and Amazon (NASDAQ:) ramp up efforts to provide affordable internet services via low-earth orbit (LEO) satellites, the business model and pricing will be a challenge for scaling up networks, according to a new report. A few players are … Read more

GIC and Oak Street to Take Store Capital Private in a $14 Billion Deal By

© Reuters. By Senad Karaahmetovic Store Capital (NYSE:), a real estate investment trust headquartered in Arizona, is being taken private by GIC and funds managed by Oak Street in a deal valued at $14 billion. The deal is based on the price of $32.35 per share, which is a premium of 20% compared to STOR’s … Read more

Govt sets up panel to suggest measures for more private equity investments

New Delhi, Sep 13 (IANS) The government has set up an expert committee, headed by former SEBI Chairman Meleveetil Damodaran, to suggest appropriate measures to address regulatory and other issues, so that investments by venture capital and private equity investors can be scaled up. The six-member committee has been set up in accordance with the … Read more