Briefly Business: ‘PE investments in Jan-Mar quarter drop by 56%’

Private equity firms made investment of $929 million across 66 deals in the first quarter of this year,down by 56 per cent over the same period

Published: May 31, 2013 1:23 am

‘PE investments in Jan-Mar quarter drop by 56%’

New Delhi: Private equity firms made investment of $929 million across 66 deals in the first quarter of this year,down by 56 per cent over the same period a year ago,says a PwC report. According to the report,the quarterly PE investments dropped both in terms of quarter-on-quarter and year-on-year basis. PTI

Direct transfer will not lead to misuse: Montek

New Delhi: Enthused by encouraging findings of a UNICEF-SEWA study on direct cash transfer,Plan panel Deputy Chairman Montek Singh Ahluwalia said its implementation in large scale will not lead to any misuse of money. PTI

Merc launches A-Class compact at R21.9 lakh

Mumbai: Mercedes-Benz on Thursday launched the all new A-Class in the compact segment at a price of Rs 21,93,500 for the petrol variant and Rs 22,73,500 for diesel,ex-showroom Mumbai. PTI

Address data status issue: India to EU

New Delhi: India on Thursday asked European Union to address its concerns on providing data secure status for the IT industry under the proposed FTA,to which the 27-member bloc has expressed willingness to set up a joint working group. India’s concerns were conveyed by commerce minister Anand Sharma to EU trade commissioner Karel De Gucht on the sidelines of an OECD meeting in Paris. PTI

India traffic falls by 0.3% in April: IATA

New Delhi: While domestic air passenger markets in key economies grew by 3.5 per cent in April compared to a year ago,Indian domestic traffic fell by 0.3 per cent during the same month,global airline industry body IATA said. ENS

US economy grew 2.4% in first quarter

Washington: The US economy grew at a modest 2.4 per cent annual rate from January through March,slightly slower than initially estimated. Consumer spending was stronger than first thought,but businesses restocked more slowly. AP

For all the latest News Archive News, download Indian Express App

    Live Cricket Scores & Results