Mumbai: Edelweiss Alternatives has lent ₹700 crore to Vatika Hotels, which owns The Westin Gurgaon, by partly buying out existing debt from Piramal Group and Goldman Sachs India, said people aware of the development. Vatika Hotels (VHPL), established in April 2004 in New Delhi, is a special purpose vehicle (SPV) under the umbrella of the … Read more
India is “capital starved” and if the country has to meet its aspiration of 8 per cent growth to reach USD 5 trillion economy, it needs to work towards getting capital, Piramal Group Chairman and Executive Director Ajay Piramal said on Thursday. Speaking at the Times Network India Economic Conclave 2023, he said India must … Read more
Smartworks had thought of itself as a disruptor so it was caught unawares, much like the rest of the world, by the large-scale disruption the Covid-19 outbreak introduced. The provider of coworking spaces had expanded operations to nine cities since it was established in 2016. It was also getting a boost from the startup and … Read more