Entries from August 2008

First time buyers still better off buying than renting

Date August 6, 2008

According to a recent report first time buyers in many parts of the UK would still be better off purchasing a property than renting on a long term basis, despite increased borrowing costs and tight credit conditions. The report states that with house prices falling and rental prices rising many first time buyers could save […]

Aditya Birla Telecom gets PE funding from Providence Equity Partners

Date August 1, 2008

Aditya Birla Telecom, in a press release mentioned that Providence Equity Partners, a leading private equity fund based out of silicon valley, USA has signed an agreement with the company for investing about $650 million USD in the company to obtain a 20% stake in ABTL. Aditya Birla Telecom is a gully owned subsidiary of […]