|
|
Article: INDIAN NEWSPAPER HIGHLIGHTS - AUG 29, 2007.
- Article from:
- AsiaPulse News
- Article date:
- August 29, 2007
CopyrightCOPYRIGHT 2007 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
NEW DEHLI, Aug 29 Asia Pulse - Highlights of today's newspapers:
THE ECONOMIC TIMES:
- US-based private equity fund Blackstone Group has invested US $150 million to pick up a 12.5% stake in Hyderabad-based Nagarjuna Construction Company (NCC), the third-largest construction company in India. The investment has been routed through its Mauritius subsidiaries. Like many other big private equity players, the Blackstone Group is bullish on infrastructure investments in India. The US $150 million (Rs 600 crore) investment is the largest and the first of its kind that the company has made in the infrastructure segment. The big-ticket investment comes days ...