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Apollo emphasizes private market opportunity after first-quarter profit bump

VCCircle

VCCircle · 3m ago

Apollo emphasizes private market opportunity after first-quarter profit bump

Apollo Global Management is capitalizing on the demand for private investments, reporting a 5% profit increase in the first quarter. CEO Marc Rowan is optimistic about private assets, which provide stability amidst volatility like that caused by tariffs. Apollo's fee-related earnings soared 21% to a record $559 million, driven by new inflows. Although shares dipped 1.4%, the firm is poised for growth with $64 billion in unspent capital, targeting $1 trillion under management by 2026.

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KKR looks to deploy $116 bn cash in choppy market after profit boost

VCCircle

VCCircle · 3m ago

KKR looks to deploy $116 bn cash in choppy market after profit boost

Investment giant KKR plans to utilize its $116 billion capital in a volatile market, after a 20% rise in first-quarter profit. The firm, benefiting from its global presence, is considering asset sales in Asia and Europe. KKR's diversified portfolios help it withstand market disturbances, and it focuses on retail investors by launching accessible funds. Despite market challenges, KKR's robust performance contrasts with falling shares of rivals like Blackstone and Apollo Global.

Private credit secondary sales set to rise as market turmoil spurs hunt for cash

VCCircle

VCCircle · 3m ago

Private credit secondary sales set to rise as market turmoil spurs hunt for cash

Investors are increasingly considering secondary sales of private credit holdings amid market volatility triggered by trade wars under U.S. President Donald Trump. This $1.5-trillion industry, including companies like Apollo Global Management, may see more secondary sales as investors seek liquidity due to falling public market values and a need for cash. With rising demand, managers like Pantheon raised significant funds for buying private credit stakes, viewing current conditions as an opportunity for strategic purchases.

AI can transform India’s healthcare sector: Apollo's Shobana Kamineni

Economic Times

Economic Times · 1m ago

AI can transform India’s healthcare sector: Apollo's Shobana Kamineni

Shobana Kamineni of Apollo HealthCo believes AI will significantly transform India’s healthcare by addressing doctor shortages and enhancing diagnostics. She advocates for ethical AI deployment, local data use, and public-private collaboration. Apollo employs AI to boost doctor productivity, expand diagnostics, and create an inclusive healthcare model. Kamineni emphasizes data reflecting the Indian genome for accurate AI models and calls for a national AI-health data backbone to foster innovation while respecting privacy.

Paytm Emerges The Biggest Loser In A Mixed Week For New-Age Tech Stocks, Delhivery Surges 18%

Inc42 · 1y ago

Paytm Emerges The Biggest Loser In A Mixed Week For New-Age Tech Stocks, Delhivery Surges 18%

Paytm, the parent company of Paytm Payments Bank, saw a crash of over 36% in its shares after the Reserve Bank of India barred the bank from accepting any deposits or credit transactions. On the other hand, logistics unicorn Delhivery reported a profitable quarter, with a consolidated profit after tax of INR 11.7 crore. PB Fintech also posted its first profitable quarter, with a net profit of INR 37.2 crore. Overall, the new-age tech stocks had a mixed performance as the Indian equity market remained volatile due to various macroeconomic factors.

Oyo adds hotels as business economics stabilise

The Arc Web

The Arc Web · 1y ago

Oyo adds hotels as business economics stabilise

Oyo is shifting its strategy by expanding its hotel inventory, partnering with real estate developers, and considering revenue share deals with hoteliers. After facing significant challenges during the pandemic, the company restructured its business model to focus on generating demand and providing software automation to hotel owners. Despite facing financial difficulties, Oyo is now on track to achieve its first-ever quarter of profit after tax. The company aims to win back top hotels and regain market share by leasing and managing properties. Oyo is also seeking private funding and awaiting the decision on its delayed stock listing.

Japanese PE Advantage Partners set for India play, hires ex- Apollo Global exec to lead

VCCircle

VCCircle · 1y ago

Japanese PE Advantage Partners set for India play, hires ex- Apollo Global exec to lead

Japanese private equity firm Advantage Partners has hired a former executive from Apollo Global to lead its expansion into the Indian market. Advantage Partners focuses on mid-market investments in Japan and other Asian economies. The firm recently launched its first Asia (excluding Japan) buyout fund worth $380 million. With its new hire, Advantage Partners aims to strengthen its presence and capitalize on investment opportunities in India.

LP commitments to Indian PE, VC and private credit funds cross $120 bn

VCCircle

VCCircle · 11m ago

LP commitments to Indian PE, VC and private credit funds cross $120 bn

Limited partners (LPs) have made commitments to Indian private equity, venture capital, and private credit funds, with the total amount crossing $120 billion. However, after reaching a record high at the end of 2023, LPs tightened their purse strings in the first quarter of 2024, with fresh commitments hitting a four-quarter low of Rs 24,380.

Nike reports Q1 profit of $1.45 billion, beats estimates

Livemint

Livemint · 1y ago

Nike reports Q1 profit of $1.45 billion, beats estimates

Nike, the world's largest sportswear maker, reported a first-quarter profit of $1.45 billion, beating estimates. Despite missing revenue estimates, the company successfully reduced inventories and forecasted an increase in second-quarter gross margins. Nike plans to focus on running and modern comfort products to capitalize on consumer demand, as well as refresh its basketball shoe portfolio. While North America revenue fell, Nike's share price rose almost 10% in after-market trading.

LPs slow down fresh commitment, but Indian PE-VC dry powder crosses $80 bn

VCCircle

VCCircle · 1y ago

LPs slow down fresh commitment, but Indian PE-VC dry powder crosses $80 bn

Limited partners (LPs) were slower in making fresh commitments to India-focused private equity, private credit, and venture capital funds in the first quarter of 2024. This comes after a period of increased commitments in the previous quarter. However, despite this slowdown, the amount of dry powder in the Indian private equity and venture capital sector has surpassed $80 billion, indicating a significant amount of available capital for investments.

Slow business outside Wipro’s biggest growth segments hurts revenue | Mint

Livemint

Livemint · 1y ago

Slow business outside Wipro’s biggest growth segments hurts revenue | Mint

Wipro Ltd., a leading IT services company, has reported a decline in revenue for the quarter ending June. This marks the second consecutive quarter of revenue decline, following a trend set by HCL Technologies Ltd. The decline was largely driven by the company's oil and natural gas business segment. While Wipro's net profit saw modest growth, the company is expected to face further declines in the next quarter. Despite the challenging market conditions, Wipro's CEO remains optimistic and emphasizes the need to win deals and grow accounts to recover from the soft quarter.

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