Investments by private equity and venture capital funds into Indian entities fell by 69 per cent to $3 billion during July, a report said on Wednesday. The investments in July are the lowest for any month in a year, and lower than the $4.9 billion recorded across 118 deals in the preceding month of June, the report by industry lobby IVCA and consultancy firm EY said. Going by the number of deals, July 2022 recorded 74 deals, as against 134 deals in the year-ago period, the report said.
N R Narayana Murthy, co-founder of Infosys, blamed the venture capitalist community for inculcating a culture among entrepreneurs to chase growth at all costs. He said the VC model of investment looked like a ponzi scheme. "I would hold venture capitalists responsible who propounded the theory that only the top-line is important and not the bottom-line. "I think that is completely wrong. In many ways it looks like a ponzi scheme.
Shami last played for India in the 2023 World Cup final in Ahmedabad after which he was sidelined because of an ankle injury which needed surgery.
The ruling DMK in Tamil Nadu has won the Erode East bypoll with a massive margin, defeating actor-politician Seeman's NTK. The victory is seen as a boost for the DMK ahead of next year's Assembly elections. DMK candidate V C Chandhirakumar trounced Naam Tamilar Katchi's (NTK) M K Seethalakshmi by a margin of 91,558 votes, leading to the NTK forfeiting its deposit. Chief Minister and DMK president Stalin attributed the win to the DMK government's good governance, while AIADMK chief Edappadi K Palaniswami termed it a "fake" victory. The bypoll was necessitated due to the death of Congress MLA EVKS Elangovan last year.
At least 14 of the top 20 venture capital (VC) and private equity (PE) funds in India reduced new deals with start-ups by a fifth in 2022. The number fell from 572 in 2021 to 456 this year, according to data from Venture Intelligence. Sequoia Capital, a leader in investments, retained its top slot but its number of deals fell from 110 in 2021 to 70 this year.
The founder of KIIT, Achyuta Samanta, and other top officials of the private engineering college were questioned by a government committee about the alleged suicide of a Nepalese girl in her hostel and the assault on students of her country. The incident sparked outrage in the Odisha Assembly, with opposition members demanding a judicial inquiry. Samanta was questioned for two hours, along with the institute's Vice-Chancellor, Registrar, Dean, and two suspended women officials. The committee is investigating the circumstances surrounding the student's suicide, the alleged high-handedness of the institute's administration, and the decision to suspend specific students and shut down the institute for them. The Odisha government has assured Nepalese students that it will cover their travel expenses, arrange remedial classes, and reschedule their mid-semester examinations if necessary.
Asserting that she is not against any religion, the VC suggested that azaan can be recited even without a loudspeaker so that it does not cause discomfort to others.
She has also demanded security from the JNU citing safety concerns, after her personal details were allegedly leaked by a university official.
India, having secured two convincing victories, will be looking to complete a clean sweep of the women's ODI series against Ireland in the third and final match. The Indian team is brimming with confidence after a series of impressive batting performances, particularly from Pratika Rawal and Smriti Mandhana, who have formed a formidable opening partnership. Despite their strong batting, India's bowling has shown some vulnerabilities, allowing Ireland to score a respectable 254/7 in the previous match. The absence of key players like Shafali Verma and Harmanpreet Kaur has given opportunities for emerging players to shine. The series has highlighted the impressive performance of Pratika Rawal, who has made the most of her chances. The Irish team has been led by the strong performances of Gaby Lewis, Christina Coulter-Reilly, and Leah Paul, but their fielding has been a concern. The match is scheduled to begin at 11 am in Rajkot.
Mystery spinner bowls in nets as India prep for three-match ODI series vs England.
With 539 scalps in 134 matches at an average of 30.39 and best figures of 5/39, Lyon is the seventh-highest wicket-taker in Tests and has 24 five-wicket hauls and five ten-wicket hauls.
Fundraising by Indian corporates through equity and debt reached all-time high in the calendar year 2024, according to primedatabase.com. The overall public equity fundraising stood at Rs 3.7 trillion in 2024, a rise of 159 per cent from Rs 1.4 trillion in 2023. If Rights Issues of Rs 25,973 crore were to be added, the overall equity fundraising would touch nearly Rs 4 trillion in 2024.
Virat Kohli's form in focus as India eye ODI clean-sweep over England
All-rounder Washington Sundar was on Sunday added to the India squad for the remaining two Tests against New Zealand.
India will look to extend lead against England
The Men's Selection Committee has picked India's 15-member squad for the upcoming three-match IDFC FIRST Bank Test series against New Zealand.
Investments by private equity and venture capital funds (PE/VC) declined by 22 per cent in March to $4.6 billion spread across 107 deals, a report said on Wednesday. The deal activity showed an increase of 54 per cent by value at $15.5 billion across 360 deals, largely on the back of heightened activity in the startup space, the monthly report by IVCA and EY said. "While India's position as an attractive destination for PE/VC investments is expected to remain strong in 2022 given its high growth and macroeconomic and policy stability, the continuing geopolitical tensions, rising inflation, quantitative tightening by the US FED and inversion in the US yield curve are potential downside risks, making investors circumspect," Partner at EY Vivek Soni said.
Placed in Group B, India A will kick off their campaign against Pakistan on October 19 at the Oman Cricket Academy Ground in Muscat.
The selection has been completely based on academic and administrative prowess and with a vision to take universities ahead, they said.
Harmanpreet Kaur was on Thursday retained as India captain for the three Women's ODIs against New Zealand while the selectors also picked four uncapped players for the series starting October 24.
'80% of start ups fail because they don't have a support system to help them in the very early phase.' 'It's not just an idea that takes an entrepreneur through the initial three years of journey.' 'What plays a definitive role in making a start-up successful is idea+team+capital+mentors+access to a larger ecosystem.'
The varsity will send a proposal in this regard to the University Grants Commission and the ministry of education.
The students claimed that Ashoka University, based in Haryana's Sonipat, has research partnerships with Tel Aviv University, ongoing faculty visits for teaching, student mobility (outbound and inbound), research collaboration, short-term study opportunities as well as joint programmes.
Yashasvi Jaiswal was on Saturday expectedly picked in the India squad for the Champions Trophy and pacer Mohammed Shami returned to national fold
Talking about April 10 violence, she said that there are 17 hostels in the university and in 16 of those, everything went on peacefully with the iftar and the Ram Navami puja being organised together.
Investments by private equity and venture capital funds doubled to a record high of $9.5 billion in July mainly driven by higher investor interest in the e-commerce sector, a report said on Monday. Private equity (PE) and venture capital (VC) investments stood at $4.1 billion in the year-ago period. The activity was higher by 77 per cent when compared to June's $5.4 billion, the report on monthly PE/VC investment activity by industry lobby IVCA and consultancy firm EY said.
Amir Ali has been named captain, with Rohit as his deputy, in the 18-member junior hockey squad for the Sultan of Johor Cup that will mark the first assignment for head coach PR Sreejesh in Malaysia from October 19.
'Before you work on your business plan, before you build your team, you should have a clear idea about what your product is, who your customer is, how valuable the product is, and whether the market is deep and wide.'
Deepening the funding crisis that startups have been witnessing for some time, the October inflows plunged 75 per cent on-year to $3.3 billion across 75 deals, including six large deals worth $2.2 billion, according to an industry report. Exits touched half of the inflows at $1.6 billion across 15 deals in the reporting months, a significant improvement over the previous month which saw just $653 million worth of exits across 24 deals, but 69 per cent lower on-year basis, according to the numbers collated by EY for the Indian Private Equity & Venture Capital Association, the umbrella body the PEs and VCs. However, the report said, on a month-on-month basis, the inflows continued to grow, clipping at 60 per cent over the September numbers.
Sarfaraz Khan, Dhruv Jurel and Yash Dayal were on Monday released from the Indian Test side to participate in the Irani Cup in Lucknow.
Tyagi is possibly the first Delhi University VC to face suspension. University officials said such an action had not been taken against any VC in at least three decades.
India batter Ishan Kishan on Wednesday returned to the Jharkhand Ranji team as its captain, following his controversial pullout last season
Investments by private equity and venture capital funds declined by 22 per cent to $5.4 billion in June, as compared to the $6.9 billion in the year-ago period, a report said on Monday. However, if compared with May's $4 billion, the investments were higher by 33 per cent, the monthly report by industry lobby group IVCA and consultancy firm EY said. If one were to compare the inflows into companies in the first half of 2021, the investments were 45 per cent higher at $26.9 billion.
With the series locked at 1-1, Brisbane could well decide the course of the rubber and whether Rohit's men would continue to be the master of their fate in the ongoing World Test Championship.
With a line-up of thrilling matches and intense competition, the ICC Women's T20 World Cup is sure to captivate fans around the globe. Stay tuned for updates and highlights as the tournament unfolds. Ahead of the tournament, here's everything you need to know about the upcoming ICC Women's T20 World Cup.
Nearly half of the investments by various US-based investors have been made in Reliance subsidiary Jio.
Former Australian skipper Aaron Finch said that Alex Carey and Rishabh Pant, two left-handed wicketkeeper-batters will be extremely important for their respective sides during the highly-anticipated Border-Gavaskar Trophy against India.
The drop was the result of the change in FDI rules, which was amplified by the border standoff between India and China.
JNU vice chancellor M Jagadesh Kumar, whose tenure was marred by controversies, has been appointed as chairman of the University Grants Commission.
The government on Sunday appointed former Niti Aayog vice chairman Arvind Panagariya as the Chairman of the 16th Finance Commission. Joint Secretary in the finance ministry Ritvik Ranjanam Pandey will be the secretary to the commission, the government said in a notification. "The President is pleased to constitute a Finance Commission with Dr Arvind Panagariya, former Vice-Chairman, NITI Aayog and Professor, Columbia University, as the Chairman. Members of the Commission will be notified separately," it said.
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