After spending over nine years in the US, Ajith Mohan Karimpana who was working as Vice President for Goldman Sachs decided to move back to India in 2010. Post the 2008 global economic crisis, most investment banks were firing people and getting the employer to apply for a green card for him, seemed impossible. … [Read more...] about Why this H1-B visa holder decided to start a furniture rental company
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The automobile companies may be benefited from the rate cut. Due to the pandemic, the people of the country try to avoid public transport and may prefer their vehicle, and with the restriction on the number of passengers can travel on a vehicle, the demand for the purchase of the vehicle will be more. … [Read more...] about ‘Rate cut could benefit auto companies, watch out for Hero, Maruti Suzuki & Eicher Motor’
This is not the first attempt by ChrysCapital to make a comeback of sorts in its pharma portfolio post a partial or complete exit. In 2015, ChrysCapital exited Mankind Pharma by selling its 11 percent stake to Capital International for $214 million. But in April 2018, it staged a sensational return to the Manforce condoms maker when it pipped global private equity giants to pick up a 10 percent stake in the firm for $350 million. At the time, it was the largest private equity deal in the Indian pharma space. … [Read more...] about Exclusive | PE firm ChrysCapital to buy out Capital International’s stake in Intas Pharmaceuticals
"The caps have been constructed with a risk management standpoint ... we cannot deploy more than 10 percent of our committed capital, into any one company. We also have caps on who are the equity investors...so we can only have as much capital at risk with an equity investor. We also have sectoral caps," said Khanna who has funded startups across consumer internet, enterprise software and technology sectors among others. … [Read more...] about India’s startup ecosystem in a correction mode: Trifecta Capital
In Wipro, after CEO Vivek Paul's exit in 2005, Azim Premji assumed the role for three years till 2008. Between 2008 and 2011, the company was led by Girish Paranjpe and Suresh Vaswani, both of them old-timers, who quit in 2011 on grounds of personal reasons. By then, Wipro's growth began to slump. … [Read more...] about Wipro’s new CEO: Can foreign executives succeed in Indian IT firms?