Indian Private Enterprise

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  Explore Private Sector Partnership, Finance Minister Tells State-Owned Entities

  Nirmala Sitharaman has asked public sector enterprises to improve on professionalism, reduce expenditure and consider working with private sector

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  "Great Encouragement": Sajjan Jindal, Anand Mahindra Hail PM Modi's Praise For Entrepreneurs

  Prime Minister Narendra Modi's glowing tributes in Parliament to Indian private enterprise has earned both gratitude and praise from at least a section of entrepreneurs who welcomed the encouraging comments. One industrialist also noted that his cheering views on industry, expressed on the floor of the Lok Sabha yesterday, come at a "fragile time".

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  Bengaluru's Team Indus Attempts Record With 2 Rovers To Moon: 10 Points

  An Indian private company is in the race to put a robot on moon that will send back images. The competition is for the $20 million Google Lunar XPRIZE, under which the robot should move at least 500 meters on the surface of the moon and send back high definition photographs. The Bengaluru-based Team Indus has tied up with Japan's space enterprise H...

• Indiareit raises about $50 million domestic fund

  Indiareit Fund Advisors, the real estate private equity arm of Piramal Enterprises, said on Tuesday it raised Rs 300 crore from domestic investors to invest in major Indian cities.

• TPG sells stake in Shriram Transport for $300 million

  US private equity firm TPG Capital raised about $300 million by selling its roughly 10 per cent stake in Indian commercial vehicle financier Shriram Transport Finance Co Ltd to Piramal Group, generating a near seven times return on a 2006 investment.

• Indiareit Fund sells $80 million investments, plans more exits

  Indian real estate fund Indiareit Fund Advisors, a unit of drugmaker Piramal Enterprises, said it raised Rs 440 crore by selling three of its investments and expects to raise another $120 million (Rs 656 crore) through more exits in the near future.

• Apax looking to exit Apollo Hospitals for $250 million

  Global private equity firm Apax Partners LLP is looking to sell its 10 percent stake in Indian hospital chain Apollo Hospitals Enterprise Ltd, three sources with direct knowledge of the talks said, in a deal that could raise around $250 million or more.

• Carlyle buys 10% in Infotech Enterprises for $37.9 mn

  U.S. private equity firm Carlyle Group has bought about 10% stake in Indian IT firm Infotech Enterprises.