Popular Articles

Taking the plunge
Murdoch - pay content: Rupert Murdoch’s promise to end the great news free-for-all is bold but risky. The media mogul is vowing to do at News Corporation what most of his rivals dream of — charge for access to all online news content. The flagging industry has seen profits disappear with the rise of the internet, a trend accelerated by the recession, and needs a powerful player to move first. But even Murdoch will find this endeavour tricky.

Rakesh Mohan to join McKinsey as part-time global advisor
Former Reserve Bank of India Deputy Governor Rakesh Mohan will join consulting firm McKinsey as a part-time global advisor from October this year.

News of the day

2.4 lakh students to vie for 1st paperless CAT
Over 2.4 lakh aspirants will vie for entry to the prestigious Indian Institutes of Managements (IIMs), the Common Admission Test (CAT) for which will be computer-based for the first time this year.
Management

Actis raises $750 mn for investment in emerging markets

Global private equity firm Actis today said it has raised $750 million for investment in infrastructure across emerging markets, including India. - Alok Retail in talks with PE firms to raise Rs 100 cr - Inst investors committing less funds; PEs turn cautious - Ex-Axis Bank chief joins Advent Int"l as operating partner - Carlyle Group raises $1.04 bn for fourth Asia fund - KIT: The Indian car accessory market - Reliance Infratel eyes $1-bn from PE firms These pan-emerging markets will focus principally on opportunities in power generation and transport, Actis said in a statement, adding the $750 million will come under its "Actis Infrastructure Fund 2". "Actis" presence on the ground across Africa, China, India, Latin America and South East Asia gives the fund an unrivalled presence in its targets markets," it added. The firm said its infrastructure team, jointly led by Michael Till and Torbjorn Caesar, comprises 14 people based in Singapore, Mumbai and London. The firm has also been actively investing in real estate and private equity besides infrastructure. The raising of $750 million follows its previous closing of $2.9 billion fund in November 2008 for investment in the private equity space. Actis" previous infrastructure fund was launched in 2002 and was fully realised in 2007 at $1.7 billion.


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