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Bahrain-listed Investcorp is bullish about India and plans to buy companies in technology, health care and financial services as part of its aggressive push in the country.
“Technology is an absolute important pillar of our investment thesis in India,” said Gaurav Sharma, head of private equity at Investcorp India.
Over the past two years, Investcorp has invested more than $300 million in Indian companies such as logistics start-up Xpressbees, e-commerce platform FreshToHome and healthcare company NephroPlus.
India, whose economy is expected to be the world’s fifth largest by 2025, continues to be an attractive market for investors, Mr Sharma said.
Synopsis
It is a little-known cloud service providing company based in Hyderabad, which has trumped all of the big shots named above.
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The company is promoted by first-generation entrepreneur Dasari Uday Kumar Reddy, who formed it in May 1999 at the height of the ‘dot com’ bubble.
MUMBAI: Stocks of technology companies have been the rage all through the Covid disruption, as it fast-forwarded the adoption of digital technology at a scale that was not expected to be achieved in several years.
In the US, the rally in the shares of Facebook, Amazon, Apple, Netflix and Microsoft has been well-documented, because of heavy investor bets on tech companies, and so has been the 820 per cent gravity-defying surge in the shares of electric car-cum-technology company Tesla.
Updated Jan 14, 2021 | 13:05 IST
After taking over as Tata Group chairman in February 2017, N Chandrasekaran said that boosting shareholder returns and tightening capital allocation rules would be his main priorities. Representational image
New Delhi: Tata Group has regained the most-valued corporate house tag in India on the back of the record-breaking rally in the markets since April 2020. The total market capitalisation of all Tata Group companies was just over Rs 17 lakh crore on Wednesday, higher than the market value of HDFC Group, which stood at Rs 15.25 lakh crore, according to a report in the
Economic Times.
Better use of resources and buoyancy in the commodities businesses augured well for the group. During the past one year, total market capitalisation of the salt-to-software conglomerate surged by 42% in the last one year. The group has gained Rs 1.9 lakh crore or 13% in overall market cap in the last one month.
The dispute relates to Future’s sale of its retail, wholesale and warehousing assets to Mukesh Ambani’s Reliance Retail for ₹24,713 crore. Amazon owns a 5% indirect stake in Future Retail