KKR’s New India Credit Fund Raises $160 Million

VCCircle reports that New York-based private equity firm Kohlberg Kravis Roberts & Co Ltd., (KKR) marked the pre-close of its second India-focused credit fund at $160 million, with the aim of finally closing  at $298 million  in a few months.  The company will invest in structured credit situations in either promoter holding entities or companies […]

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January 9, 2017   No Comments

Japanese Sportswear Brand Asics Expands Operations in India

Japanese sportswear brand Asics will begin to source in India so that it can apply for FDI and benefit from lower duties. In a discussion with BusinessLine, Rajat Khurana, Director, Asics India, said, “While we are an imported brand, we should soon start with 10-15 per cent of local footwear production in the next two […]

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January 9, 2017   No Comments

Google India Encourages Small Businesses to Go Online

A joint study by Google and KPMG titled Impact of internet and digitization on Small and Medium Businesses in India pointed out that 32% of digital businesses cater to customers outside their city, and employ five times as many people as do businesses that are offline; and profits of digitally engaged businesses grow twice as […]

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January 7, 2017   No Comments

India to Launch 103 Satellites in February Mission

India’s Space Research Organization is poised to launch 103 satellites in a record single mission in the month of February. The rocket will be launched from the southern spaceport of Sriharikota, and will carry three Indian satellites that will observe and measure the earth’s atmosphere, along with another 100 from the U.S., France and Germany, […]

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January 7, 2017   No Comments

Disney Focuses on Core Strengths in India

In India, Disney is aligning its business to its international organizational set up, and will focus on its Hollywood films and consumer products business. In  India Hollywood movies are popular, and Disney’s consumer products segment has significant potential with the country’s character licensing market pegged at $600 million and growing at a pace of 15% […]

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January 7, 2017   No Comments