Private equity investors have taken fancy in infrastructure projects of the country and invested over Rs 13,000 crore during 2007, according to “Private Equity Impact 2008” released by Venture Intelligence, reports PTI from New Delhi.
The report noted that besides investing in core infrastructure projects, PE firms are also investing in allied industries that benefit from infrastructure spending like engineering and logistics. Venture Intelligence is a body that tracks private equity and venture capital investments. According to the report, the PE firms have invested in infrastructure projects in energy, ports, shipyards, telecom and road sectors. Power sector has attracted highest investments from PE firms followed by sectors like telecom, ports and roads. The report said that p romoters of infrastructure projects also appreciate investments from PE firms.
Tata company to make parts for Boeing
The Boeing Company on Wednesday announced that it has entered into an agreement with TAL Manufacturing Solutions Ltd, a subsidiary of Tata Motors Ltd, for manufacturing structural components for Boeing’s 787 Dreamliner airplane programme. TAL Manufacturing Solutions will build floor beams for the 787 using new technology with advanced titanium and composite materials. These floor beams will be used on the 787 Dreamliner and will be produced at TAL’s new facility in Nagpur.
StanChart, Emirates’ co-branded credit card
Standard Chartered Bank and Emirates Airline on Wednesday announced the launch of their co-branded credit card: The Standard Chartered-Emirates Card. This credit card offers travel benefits for frequent travellers in the form of miles and special features like on-boarding miles. The card is available in two variants-Platinum and Titanium. The Standard Chartered-Emirates card enables the card-holder to earn Skywards Miles against every rupee spent on the credit card.
Microsoft launches Vista Service Pack 1
Microsoft Corporation on Wednesday announced that Windows Vista Service Pack 1 (SP1) has been Released to Manufacturing (RTM) and will be available to customers in March 2008, starting with enterprise customers on Microsoft Volume Licenses. Microsoft also announced the RTM of Windows Server 2008 code-named “Longhorn”, will be available for purchase from March 1, 2008. For more information visit http://technet.microsoft.com/windowsvista/bb738089.aspx.
Adecco India acquires Mumbai-based Ajinkya
Adecco India, the Indian arm of Adecco SA, on Wednesday announced the acquisition of Ajinkya, a blue-collar temping company. This acquisition allows Adecco a significant foothold in the burgeoning market for blue collar temping in India and further consolidates its local market leadership. Mumbai-based Ajinkya is a niche staffing company focused on blue collar temping with over 150 clients.
Kohlberg Kravis invests $250 m in Bharti Infra
Bharti Infratel, a wholly owned subsidiary of Bharti Airtel Ltd, on Wednesday announced in New Delhi that private equity firm Kohlberg Kravis Roberts & Co (KKR) has agreed to invest US$250 million in Bharti Infratel. The investment will be made by KKR’s Asia dedicated private equity fund and its global private equity fund. The enterprise valuation of Bharti Infratel will be in the range of US$10 to 12.5 billion.
AMD launches its first lab in Hyderabad
AMD and the American India Foundation (AIF), on Wednesday announced the launch of the first Learning Lab in Hyderabad at the Government Girls High School, West Marredpally. The lab reiterates AMD’s commitment to connect 50 per cent of the world’s population to the Internet by 2015 under the aegis of its 50x15 initiative.
Equipped with AMD Athlon Dual-Core processor-based Microsoft IQ PCs, the lab will provide affordable Internet access to more than 450 school children at the Girls High School. This launch in Hyderabad follows the inauguration of a similar lab in Bangalore on November 11, 2007.
Ikya Human Capital receives $8 m funding
Ikya Human Capital Solutions Pvt Ltd, a Bangalore-based integrated HR solutions company, announced on Wednesday that it has received a funding of US$8 million from India Equity Partners (IEP), a leading private equity fund focused on India. Ikya Human Capital Solutions was set up in October 2007 by a team of 15 senior HR professionals who have come together from leading HR companies to set up an integrated HR solutions company.
Camson Bio Tech gets tech recognition
Camson Bio Technologies Ltd, an integrated agri biotech company providing complete solutions in the field of agriculture, in the areas of bio-seeds, bio-fertilisers and bio-pesticides, has recently been recognised as one of the fastest growing technology companies in the ‘Technology fast 50 India 2007’ conducted by Deloitte Touche Tohmatsu, Asia Pacific. Camson Bio, which was earlier listed on the regional stock exchenges, has recently been listed on BSE.
