Home Mortgage Finder

Private Equity is all about growth now, not cost-cutting: Stephen Pagliuca

Stephen Pagliuca, co-chairman of Bain Capital, feels its India private equity business has reached an inflection point, such as the $1-billion-plus investment in Axis Bank. During his recent trip to mark the fund’s tenth anniversary in India, Pagliuca spoke to ET’s Arijit Barman about his outlook for India and the world. His mantra — align […]

Home Mortgage Finder

IL&FS gets lifeline after fundraising approval

By Ameya KarveTroubled Indian shadow bank Infrastructure Leasing & Financial Services Ltd., whose recent debt defaults sparked concern about contagion in the nation’s financial markets, secured a lifeline after shareholders approved its plans to raise money through debt and equity.Stockholders green-lit IL&FS’s plans to raise as much as 150 billion rupees ($2.1 billion) through a […]