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Gold bet turns sour for PE firms
The Reserve Bank of India's new norms for gold loan companies are a heavy blow to private equity players in India. The move to restrict loans by gold finance firms to 60 per cent of the value of jewellery pledged as collateral may have a huge impact on the revenue of gold loan-lending firms such as Manappuram Finance and Muthoot Finance. Both firms have a major exposure to private PE and venture capital
The Reserve Bank of India's new norms for gold loan companies are a heavy blow to private equity players in India. The move to restrict loans by gold finance firms to 60 per cent of the value of jewellery pledged as collateral may have a huge impact on the revenue of gold loan-lending firms such as Manappuram Finance and Muthoot Finance. Both firms have a major exposure to private PE and venture capital
NY firm that had foreclosure costume party settles
A New York law firm that was harshly criticized after pictures surfaced from a company Halloween party where people dressed as homeless has agreed to pay $4 million in a settlement with the state
A uniform set of rules important for business: Parag Saxena
New Silk Route Partners is an India-focused private equity (PE) firm, with a fund size of $1.4 billion under management. Parag Saxena , founding general partner and CEO, has served
Transform or stagnate: Indian IT's growth dilemma
Indian IT firms, with their focus on cost-saving and labour arbitrage deals will face intense competition from their better equipped global competitors who provide solutions across the value chain
Indian IT firms, with their focus on cost-saving and labour arbitrage deals will face intense competition from their better equipped global competitors who provide solutions across the value chain
Chinese writers seek $8mln from Apple for unauthorised use of their works
A group of Chinese writers is seeking eight million dollars in compensation from technology giant Apple for allegedly selling pirated copies of their books on its online store.
A group of Chinese writers is seeking eight million dollars in compensation from technology giant Apple for allegedly selling pirated copies of their books on its online store.
Private firms seek changes in procurement policy
Faced with unfavourable government policies making grain procurement unprofitable, private sector companies have sought drastic changes in procurement guidelines for participating in the growth of
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