Billionaire Gautam S. Adani. Photographer: Tomohiro Ohsumi/Bloomberg

India: Adani Group plans to start coal mining in Australia in 2020

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India’s Adani Group plans to begin extracting coal from the $16.5 billion Carmichael project in Australia in 2020 after environmental protests had delayed the first phase of the mine. The company will begin work on the project three months after it gets final approval from Australia’s federal government, Gautam Adani,… Read more »

First Solar may sell about 200MW of assets in India

First Solar is a leading global provider of comprehensive PV solar systems


India Dealbook: Regency Hospital raising $14m; VE exits Eicher JV

Healthcare chain Regency Hospital is raising $14 million, while VE Commercial Vehicles has divested its entire stake in Eicher Engineering Solutions USA to Segula Tecnologias Espana. Regency Hospital raising $14m from IFC, Healthquad, KOIS Healthcare chain Regency Hospital is raising $14 million (Rs 92 crore) from a group of global funds such as International Finance… Read more »


India: Financial investors partner utilities to acquire stressed power projects

Attracted by India’s stressed infrastructure assets play, financial investors are joining hands with utilities to acquire power projects. Macquarie Group Ltd is the latest among financial investors to seek such a partnership. It is exploring a partnership with Chennai-based OPG Power Ventures to acquire power projects. US-based private equity firm… Read more »


JLL realty venture arm eyes overseas investments, to back 7-8 firms this year

JLL’s realty venture arm is going to make 3 investments soon.


Exclusive: Exfinity may invest in B2C cos from planned $200m offshore fund

It recently closed its second fund at $45m


India: Oman India Joint Investment Fund exits Kotak Mahindra Bank

Oman India Joint Investment Fund, SBI had invested Rs65 crore in ING Vysaya


Alternative investment firm TPG sees opportunities in Asian healthcare, finance

TPG’s Asian investment arm manages about $6b in assets


It may get worse before it gets better for Indian startups

By most accounts, Yogendra Vasupal, co-founder and chief executive officer of Chennai-based budget stays aggregator Stayzilla, is a decent human being and the least likely of people in India’s bustling start-up market to cheat anybody. Yet, on Tuesday, Vasupal was arrested by local authorities in Chennai on charges of defrauding… Read more »