Indian ADRs mixed
Mumbai: As Wall Street dropped for the third consecutive day due to the rapidly escalating violence in the Middle East oil prices rose to a record high. The Dow Jones industrial average slipped 107 points to 10,739. The Nasdaq shed 17 points to 2037.

A majority of the Indian ADRs also dropped. Tata Motors slipped 2.3 per cent to $15.72. Satyam, Wipro and HDFC Bank declined 2 per cent each to $32.15, $12.01 and $49.65, respectively. ICICI Bank, Dr.Reddy's and MTNL shed 1.3 per cent each to $21.95, $27.69 and $6.20, respectively. The crude oil futures for August delivery gained 33 cents to settle at $77.03 per barrel on the NYMEX.
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Carlyle Group raises $1.8bn for second Asia buyout fund
Mumbai: The Carlyle Group, which is global private equity firm, has raised $1.8 billion for Carlyle Asia Partners II, its second Asia buyout fund.

The fund will conduct buyout and control investments in Asia excluding Japan, encompassing Australia, Greater China, India, Korea and Southeast Asia.

Including this fund in the last 12 months, Carlyle has raised a total of $4.8 billion for buyout, growth capital and real estate investments for the region. The Carlyle Asia Buyout Group has made ten investments in Asian companies in a range of sectors including financial services, media and telecommunications, manufacturing and consumer.
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Kingfisher to float IPO after two years: Mallya
Mumbai: The Vijay Mallya-promoted Kingfisher Airlines will float its IPO after two year said Vijay Mallya chairman of the airline. Kingfisher, which launched operations last year, was originally expected to hit the capital market in the second half of 2006.

Mallya said, "We have adequate internal accruals to fund the necessary capital expenditure requirements till that time. I will hit the capital market once the airline gets pretty good valuation," Mallya said.

Ruling out possibilities of acquiring any airline in the near future, he said he was looking for opportunities that will benefit him to create a major breakthrough in the Indian aviation industry.
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