Tag: india

Just two months after he joined the firm, Keshav Sanghi is stepping up to head equities for Citi in India, filling a vacancy created by the resignation of Nikhil Nagle. Indian financial services firm India Infoline receives a key Singapore Exchange approval and aims to launch broking services in Singapore in three months. Indian hospital operator Fortis Healthcare pays $686 million to become the largest shareholder in Singapore-based pan-Asia hospital group Parkway Holdings. Bank of America Merrill Lynch lures Kaku Nakhate back from J.P. Morgan to become country head for India. The government's sell-down in the country's largest iron ore miner will boost the free-float to 10%, but valuation multiples suggest it could be a tough sell. Gaurav Gupta will join Macquarie from Nomura to head investment banking for India, a position that opened up when Varun Bajpai moved on to head a new Macquarie India fund ... Indian steel maker Essar shells out $600 million for US coal producer Trinity Coal, providing an exit for Trinity's private-equity owner Denham Capital. A decade after ANZ sold the Grindlays franchise and exited its India business, it receives permission to set up its first branch in Mumbai. Nomura makes senior appointments in India, hiring Nipun Goel to head investment banking and Nitin Jain to co-head fixed income. Tata Motors announces the completion of a $518 million eight-year amortising loan from the European Investment Bank to its Jaguar Land Rover unit. The diversified Indian industrial group sells 100% of its telecom towers business to American Tower in a deal that specialists say represents good value for both buyer and seller. Citi continues on its hiring spree in India, poaching Keshav Sanghi from Reliance Equities to become deputy head of equities. An apparent change in behaviour by these institutions may be affecting investors' approach to the metal, says the World Gold Council. India's Bharti Airtel makes its third attempt in two years to acquire an African business, this time with a $10.7 billion offer for Zain's African operations. Three Indian oil companies, Malaysia's Petronas and Spain's Repsol are awarded the mandate to partner with the Venezuelan state oil company on a multi-billion dollar oil ... DSP Merrill Lynch makes Pradeep Dokania chairman of global wealth and investment management for India, and transfers Atul Singh from Singapore to take on the role as head of ... Export-Import Bank of India issues the five-year bond against a backdrop of yet another day of unstable market conditions. Macquarie's Asian infrastructure conference reveals no surprises on India – investment still moves at a glacial pace. The Indian aluminium producer increases the fixed-price deal from $350 million after strong demand from foreign investors. Sumeet Puri leaves Morgan Stanley in India to join Deutsche Bank in Hong Kong as head of equity syndicate for Asia.