So far this year, there have been 76 private equity investments in India
Market regulator Sebi to support stert-ups raise funds.
Spanish bank denies credit line to bail Sahara boss.
The Supreme Court on Monday gave conglomerate Sahara another three months to come up with a final proposal to raise funds against its assets to secure bail for its founder Subrata Roy, who has been held in a New Delhi jail for more than a year. Sahara has made several failed attempts to raise $1.6 billion in bail money. Roy was jailed after Sahara failed to comply with a court order to refund billions of dollars to investors in a bond programme that was ruled illegal. The Supreme Court last week gave Sahara, a sprawling conglomerate that ranges from property to Formula One motor racing, a final chance to raise funds in order to bail out Roy. On Monday, the country's top court allowed Sahara to sell part of its Aamby Valley township outside Mumbai, which has luxury villas and a golf course, to raise funds.
The top court last week gave Sahara a final chance to raise funds.
As billions of dollars flow into India's booming online economy, some investors are beginning to fret that soaring valuations could hamper market listings.
Sahara told the top court this week it was considering other proposals to raise funds, including selling a luxury development outside Pune.
Sahara relied on a letter from bank saying the funds were there.
Sensex falls 117.03 pts to end at 28,883.11; Nifty closes 32.85 pts down at 8,723.70.
The BSE Sensex and Nifty fell more than 2 per cent on Tuesday, heading for their biggest daily loss since the midst of the rupee crisis in 2013
India only has 3.5 million workers undergoing skills courses a year, compared with 90 million in China
Xiaomi said in a statement that "it isn't easy" to build up a patent portfolio as a start-up company, but it aims to have filed 8,000 applications by 2016.
Increased demand from oil importers for the American currency kept pressure on the rupee
Global investment firm Citigroup is bullish on Indian equity markets.
CLSA says government actions to facilitate investment more important for revival than a token monetary easing.
CLSA expects annual net inflows of $15 billion from domestic investors over the next few years in India.
The 24-hour delivery offer applies only to select postal codes and is not available across the country.
Cleaning up India's grubby business climate is top of the agenda for both regulators and the government.
In New York market, the dollar continued to weaken against its rivals yesterday on a day devoid of major data releases out of Europe and the US.
Mallya, once known as the "King of Good Times" for his flamboyant lifestyle, has until Friday to appear before an IDBI committee to explain why he should not be declared a "wilful defaulter".
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