Private equity firms, including General Atlantic Partners, Actis Capital, Baring Private Equity Partners Asia and Apax Partners, are reportedly in talks with the principal owners of Credit Analysis and Research Ltd. CARE's top three shareholders are seeking to divest a 32% to 38% stake in the credit ratings company.
India
Indian firm Gillanders to buy out Malawi-based tea and macadamia producer
Kolkata, India-based business group Gillanders Arbuthnot & Co Ltd entered an agreement to buy out Malawi-based tea and macadamia producer Group Development Ltd for an undisclosed amount, according to a stock market disclosure.
Indian startup InMobi now rivals Apple and Google in mobile ad space- report
InMobi has only been in business for less than a decade but it has already proven to be a worthy contender to tech giants in the mobile ad space, Voice & Data reported.
JPSML Copthall acquires stake in Indian clothing firm Future Retail
JPSML A/c Copthall Mauritius Investment acquired a 0.6% stake in Mumbai, India-based clothing retail chain Future Retail for INR13.5 crore at INR91.88 apiece on the National Stock Exchange.
India's new central bank governor concerned about Bitcoin
Governor Raghuram Rajan of the Reserve Bank of India has reiterated concerns about the stability and credibility of virtual currencies like the Bitcoin, TechCrunch reported.
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Minnesota, US-based food processing firm Cargill purchased the Leonardo olive oil brand from New Delhi, India-based premium wellness food provider Dalmia Continental for an estimated price of INR100 crore.
Paris, France-based hospitality major Accor is aiming to exit its 40% stake in Mumbai, India-based Sofitel hotel in Bandra-Kurla Complex (BKC) and fold the Sofitel brand into itself, according to sources.
India-based travel booking website MakeMyTrip bought Amsterdam, Netherlands-based hotel booking portal EasyToBook in a deal valued at around $5 million to increase its revenue through online hotel bookings.
Noida, India-based optimization software startup IntelloCut secured $200,000 (INR1.3 crore) in funding from a group of investors led by Blume Ventures and Google India's Ranjan Anandan.
India-based music streaming service Gaana.com added independent music portal Musicfellas.com for an undisclosed amount, with the latter's site to be shut down and its catalogue to be moved to Gaana.
Kolkata, India-based public sector enterprise Balmer Lawrie & Co Ltd bought Mumbai-based travel venture Vacations Exotica including its employees and customers from Vacations Exotica Destinations Pvt Ltd for an undisclosed sum.
Indian fashion portal confirms $50M capital injection from Premji Invest and rejects Flipkart merger
Bangalore, India-based fashion portal Myntra confirmed that it raised $50 million in a new funding round led by Premji Invest, and decided not to pursue a merger with Indian e-commerce giant Flipkart.
Mutual funds managed by the biggest names in Wall Street like BlackRock, Brevan Howard and T. Rowe Price, are showing poor performance with the decline in the emerging markets, an analysis from Reuters said.
Tokyo, Japan-based incubator and investment firm Netprice.com Inc is planning to invest $500,000 to $4 million in three or four mobile and web startups in India this year, according to The Economic Times.
