Asia’s richest banker Uday Kotak sees piling bad loans as once-in-lifetime India opportunity


Over the next year, the assets and debts of about 50 of India’s biggest defaulters may be sold off by court-appointed professionals.

India: ONGC buys 15% stake in Namibia offshore block from Tullow Oil

Tullow Namibia Ltd had a 25% stake in the block in Namibia’s Petroleum Exploration License area (PEL)0030.

India Digest: Infibeam, Onida & L&T Finance look to pare stakes

Earlier this year, Infibeam was planning to invest around $22.4 million more in CC Avenue to further acquire 7.5 per cent stake.

India: Fairfax-backed Quess Corp acquires 51% stake in Tata Business Support for $23.5m

Last month, Quess had acquired a 70% stake in Vedang Cellular Services for $6m.

India: SSG Capital sells 4.9% stake in IPO-bound Future Supply Chain for $19m

The Edelweiss managed entities —Edelweiss Crossover Opportunities Fund and EW Clover Scheme —bought the stake from private equity investor SSG Capital Management.

SoftBank plans additional investment in India’s Ola, eyes 50% stake – Report

Ola recently raised $1.1b from SoftBank, Tencent and others.

India Dealbook: Donear acquires OCM Woolen Mills; ONN Bikes funding; GSF $1m investment

Donear had acquired Grasim Bhiwani Textiles from Grasim Industries in July

Large Indian IPOs need to be more broad-based, says NSE’s Vikram Limaye

He also said NSE’s own IPO will happen only after issues surrounding allegations of providing unfair access to some brokers are resolved.

SunEdison’s Gopalan may join UK’s Lightsource to oversee APAC ops

Gopalan may now be responsible for developing 1,000 MW capacity as CEO of Apac operations of Lightsource.

Exclusive: Paytm-backed LogiNext partners IBM to streamline e-commerce supply chain

In September 2015, the company raised a sum of $10 million from early backer Paytm.