Warburg Pincus would be offering somewhere between Rs 155-165 a share, valuing the stake at around Rs 600 crore, say sources.
Global liquidity may be abundant, but fund managers are taking lower than normal risk in their portfolios in response elevated threats from Europe, according to the latest Bank of America Merrill Lynch survey of global fund managers.
MF folios have not reduced because of the ban alone. High deposit rates, a volatile, range-bound equity market, and uncertainty over ELSS funds due to the Direct Tax Code overhang is what has actually led to a fall in inflow in the last one year
Apart from gold, which is seen as a hedge against inflation, the lack of appeal of financial assets and an increase in other forms of physical savings has led to a slump in savings in financial assets.
The industry awaits further clarity on cloud computing regulations and better articulation of business benefits by IT vendors, says IDC.
According to Mark Mobius, one of the world's best-known emerging market investors, India is faltering as an investment destination because of significant policy mistakes.
Report highlights Quality Assurance strategies to respond to compliance, growth and cost optimisation priorities for Financial Services cos.
The decision taken by the market regulator ahead of the Cabinet meeting today will pave the way for the top 100 cos, including blue-chip PSUs to offload their equity expeditiously.
Investors need to be aware of the foreign exchange impact. Here's why.
Debt remains the most preferred asset class for Indian fund managers, according to the latest fund managers' survey.
Deployment has helped the bank to automate its Auto Loan, Home Loan, Personal Loan, Education Loan and Consumer loan functions
McKinsey Global Institute (MGI) makes an important suggestion. It has advised foreign banks to hire locals in Asian countries instead of expatriates.
Agreement to become an application development partner to the regulator for the next 4 years.