Venture capital (VC) and private equity (PE) funds had, in 2024, taken bets on traditional businesses rather than tech-first domains like consumer tech, software as a service (SaaS) and software. According to data from Bain & Co, Pitchbook, Venture Intelligence, VCC Edge and AVCJ, prominent VC funds like PeakXV saw their share in this traditional space go up sharply from 14 per cent in 2023 to 23 per cent in 2024.
A worried army chief, General Deepak Kapoor, has protested to Defence Minister A K Antony about the derailing of vital defence purchases by allegations of corruption. On June 10, General Kapoor complained about the cancellation of army trials on the Pegasus ultra-light howitzer, after the manufacturer, Singapore Technologies Kinetics (STK), was suspended on suspicion of links with a discredited Ministry of Defence official.
The MLAs have been disqualified with effect from Monday, under the 1986 Tamil Nadu Assembly Members Party Defection Law.
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