Tag Archives: raises

Private equity firm CVC Capital raises record $18 billion

CVC Capital Partners CVC.UL has raised 16 billion euros ($17.98 billion) for its latest flagship fund for private equity investments in Europe and North America, it said on Thursday. The seventh fundraising by CVC is the largest by a European private equity firm, surpassing the 11.2 billion euros raised by Apax Partners in 2007 and the 10.5 billion… Read More »

Snapdeal Raises Over Rs. 113 Crores From NVP, Founders

Snapdeal has raised over Rs. 113 crores from early investor Nexus Venture Partners and founders Kunal Bahl and Rohit Bansal, amid talks of a potential sale of the e-commerce firm to larger rival Flipkart. NVP pumped in Rs. 96.26 crores in the round, while Bahl and Bansal contributed Rs. 8.45 crores each, according to regulatory filing with the… Read More »

US raises key interest rate by 0.25% on strengthening economy

The US Federal Reserve has raised its benchmark interest rate by 0.25%, only the second increase in a decade. The central bank voted unanimously to raise the key rate to a range of 0.5% to 0.75%, citing a stronger economic growth and rising employment. But the central bank said it expected the economy to need only “gradual” increases… Read More »

iPhone 6 SE box photographed, raises eyebrows

Did you hear the joke that iPhone 7 has so few new features that it’s really an iPhone 6 SE? Well, get ready not to laugh because there’s photographic evidence that this may be an actual model name. The pics reportedly come from China and show no obvious signs of Photoshopping (which doesn’t preclude skilled Photoshopping). Most specs… Read More »

Adidas raises 2016 guidance after first-quarter earnings jump

German sporting goods group Adidas (ADSGn.DE) hiked its guidance for 2016 sales and earnings a second time as it reported a 38 percent jump in quarterly underlying profit, citing strong brand momentum. Adidas said on Wednesday it now expected its 2016 currency-adjusted sales to grow by about 15 percent, compared with a previous forecast for a rise of… Read More »