KKR and GIC Partner for Real Estate Structured Lending Platform in India

KKR, a leading global investment firm, today announced it has established a non-banking financial company (“NBFC”) that will provide structured credit solutions to the real estate sector in India, with an investment from GIC, Singapore’s sovereign wealth fund.

“The launch of the India-focused NBFC marks a milestone for our global real estate platform, and we are thrilled to bring long-term capital to India’s real estate sector,” said Ralph Rosenberg, Global Head of KKR Real Estate. “We are excited to assist a sector that is still under-built. While many lenders provide debt to this sector, there is a need for solution-oriented, non-dilutive capital for property developers. We intend to fill that gap and contribute to the continued development of India’s residential and commercial real estate sectors.”

This is KKR’s second NBFC in India. Through its first, KKR expanded its capabilities to provide solutions across the capital structure. KKR has seen that India’s large and growing business community welcomes non-traditional entities that allow companies to tap into a more sophisticated capital markets system and provide them with greater choice beyond traditional equity or bank loans. Since 2009, KKR has extended more than US$2 billion of structured financing to 21 business groups in India through its credit and capital markets business.

“This sector-focused NBFC further enables KKR to provide tailored financing solutions to companies, and adds to our established private equity and lending businesses in India,” said Sanjay Nayar, CEO of KKR India. “We aim to provide companies with value beyond capital alone in a way that is best suited to their needs. This real estate NBFC is our newest platform to achieve our goal in supporting good management teams to help their companies grow.”

During 2014, KKR initiated the real estate business in India by structuring and participating in three transactions with an aggregate amount of approximately US$190 million.

In private equity, KKR has been active in India since 2006, with total equity investments exceeding US$1.5 billion.

Since launching a dedicated real estate platform in 2011, KKR has committed over US$1.8 billion of equity to 29 real estate transactions in the US, Europe and Asia.

Google Buys Twitch for $1 Billion

Twitch.tv is founded in June 2011 is one of the foremost online video game platforms in the world. The site connects the gamers around the world. More than 45 million people visit the site every month.

There is a widespread that Google buys Twitch for $1 billion. The price tag was confirmed last Friday. Soon this service will become the part of YouTube. This $1 billion price tag is the fifth largest acquisition in Google’s history.

Though You Tube is still the king, live video game streaming feature has seen only mild success than expected. Now with Twitch it is believed that the success will reach its peak.

"Pirates Of Caribbean 5" on screen on July 7 2017

Walt Disney has finally announced the release of “Pirates Of Caribbean 5” on July 7 2017.  They also stated that Pirates of Caribbean was actually lined for 2015 summer release but the release was postponed due to script issues.

The movie has already made $3.7 billion global box office hit. Joachim Ronning and Espen Sandberg will direct “Pirates Of Caribbean 5”

The file made Johnny Depp who played the leading role as Jack Sparrow became global super star. One more news we have is, Depp will be 54 by the time of the movie's new release date.

Let’s wait for our journey in Black Pearl. 

The Truth About KFC Chicken

KFC has gained fame not only in America but also in other nations. Many people consume KFC products almost every day. Are they really aware what they are actually eating?

                                            

Several years ago, KFC was actually called as Kentucky Fried Chicken. The government actually banned them from using the term “chicken”. This is because KFC does not use real chicken. Instead of real chicken they use mutant chicken. So called chickens do not have beaks, feathers and feet. They kept alive by inserting tubes in to the body to pump blood and nutrients. Also the bones of mutant chicken is shrunk and to get more meat.  

Being great lovers of KFC chicken, we all should be aware of the truth. 

Are You Addicted To Candy Crush Saga?

Candy crush saga application in smart phones, Facebook or tablets has created at least a little bit of addiction in everyone. Recently there was news about 45 years old English woman who funneled her mother’s bank account for just extra lives in Candy Crush. 

Does the love of the game make you steal money? The candy crush game app takes advantage of the weakness in human brain and keeps you engaged with the game.

Almost 93 million people play Candy Crush every day.  An estimate of $800,000 is acquired daily through players purchasing new lives and boosters.

Half a billion people have already downloaded the free app.

Rolls-Royce is ready to build an unmanned cargo ships

Rolls-Royce planned to develop a new ship with new methods or advanced technology, its concept crewless ships. "Now it is time to consider a road map to unmanned vessels of various types. Some times what was unthinkable yesterday is tomorrow’s reality", said by Rolls-Royce's vice president Oskar Levander, engineering and technology.

Planned ship will be operated with remote control, would look differently compare with traditional one. Because, there would be no need for the facilities and systems currently needed for a crew. The streamlined vessels would be operated by remote control onshore, requiring around 10 captains per 100 boats, no crew to take hostage. "Crew costs account for 44% of total operating costs for a large container ship", said by Moore Stephens (LLP, an industry consultant).

Malaysia Airlines Flight MH 17 crashed in Torez (Ukraine):

Malaysia Airlines flight MH17 appeared as a crash in the town of Torez in the Donetsk region of Ukraine, on the border with Russia. This flight shot downed in Ukraine War zone, passengers traveled 280, totally 298 including pilots and no one can alive. The model of flight is same as MH370 Malaysia Airlines, which disappeared while traveling from Kuala Lumpur to Beijing in March. Malaysian Airlines Flight MH17 travels Amsterdam to Kuala Lumper.

MH17 left Amsterdam at 10:15 GMT and lost contact at 14:15 GMT 10,000m (33,000ft). Petro Poroshenko president of Ukrainian said, that it did not “exclude” the possibility that the aircraft was shot down, finally described it’s a “terrorist action”. Intelligence of U.S, confirmed that the flight crashed by surface-to-air missile.

List of passengers in MH17 with nationality

Australia -27

Belgium -4

Canada -1

Germany -4

Indonesia  -12 including 1 infant

Malaysia  -44 including 15 crew and 2 infants

Netherlands -173

New Zealand -1

Philippines -3

United Kingdom -9

Unverified -20

The two couple "shock" by hearing the news about Crash flight MH17, Barry Sim and his wife lzzy, their baby. There missed the flight, due to not enough seats for them including with baby in MH17 plane, so their switched to later KLM flight. 

Jibo – World’s first human companion robot

Jibo is the world’s first family Robot that can see, hear, learn and speak. The perfect size, striking design and unbelievable features of Jibo attracts everyone in the room. Jibo is the perfect company for any age group like adults, teens, kids and seniors.

• Jibo can track faces and take pictures
• It can recognize where the sound is coming from
• Read bedtime stories to children using interactive LCD display
• Jibo can dance and introduce itself
• Jibo has video conferencing facilities. Just similar to Skype and you can tap on people face to rotate the camera to face them

Jibo is not just a robot, it is meant to be your best companion.