During the quarter, venture capital firms have invested $144 million through 21 deals, a sharp decline compared to the corresponding period previous year which had recorded 28 deals worth $173 million. The maximum VC investment was attracted by online travel portal Cleartrip.com of about $18.5 million from DAG Ventures.
Rohit Sharma's request to the BCCI for a break from white-ball cricket in South Africa despite being offered T20 captaincy has been accepted, while Jasprit Bumrah has been named his deputy for the two Tests starting December 26.
Private Equity and Venture Capital funding in India needs to increase three-fold to $30 billion annually from the current level to shore up funding for small but promising companies, said a KPMG-CII report.
Private equity and venture capital funds' investment in the country continued to fall in May, with the overall values declining by nearly 44 per cent to $3.5 billion, a report said on Monday. The dedicated funds had invested $6.2 billion in May 2022 and $7.4 billion in the preceding month of April 2023, representing a dip of 44 per cent and 52 per cent, respectively, as per the report by industry lobby IVCA and consultancy firm EY. "Despite a recovery of sorts being seen in tech sector indices and some of the large global tech names, sentiment in India for tech sector investments has been lacklustre, and fundraising by Indian startups has been sluggish," the firm's partner Vivek Soni said.
Titas Sadhu named in India squad for Asian Games, Richa Ghosh returns
A local court granted bail to 25 students and two faculty members of HCU who were arrested in connection with the violence on the campus last week.
Students, who are agitating over the alleged inaction of university in the case of missing student Najeeb Ahmed, have not allowed the vice chancellor and about 12 other officials to come out of the building since Wednesday afternoon.
While Raj Bhavan issued the statement, dramatic scenes were witnessed at Calicut University where the Governor lashed out at the police for not removing the offending banner.
Following the Reserve Bank of India's (RBI's) action against Paytm Payments Bank, participants in the fintech ecosystem have turned their attention to giving priority to compliance with regulatory norms. Fintech industry players say the episode will ensure adherence to such measures. Executives Business Standard spoke to said companies should have clarity on their requirements.
Binura Fernando, Pramod Madushan, Dushan Hemantha back in Sri Lanka squad
We asked colleagues, present and past, to reflect on a man who has made such a difference to their lives and careers. Here it is then, a rich collection of memories that offer enchanting glimpses of the enigmatic Ajit Balakrishnan.
Holding a 'padyatra' in drought-hit Bundelkhand, Rahul Gandhi on Saturday took a swipe at Prime Minister Narendra Modi saying he should think about farmers and labourers too and not just industrialists and give more funds for the backward region.
Stake sales by promoters and private equity/venture capital (PE/VC) investors this year are already exceeding twice those of last year. So far this calendar year, the selling stands at over Rs 87,400 crore, 2.2 times the Rs 39,700 crore worth of shares sold by promoters and PE/VCs in 2022. This year's tally has received a boost from stake sales by Adani group promoters.
Keep an eye on these five players during the tournament.
'There might be some internal tussles that can be expected between any two persons in any party.' 'But I do not see any tussle which might weaken the possibility of dictatorship.'
Kerala Chief Minister Pinarayi Vijayan on Monday lashed out at Governor Arif Mohammed Khan for seeking resignation of vice chancellors of nine universities in the state.
The Central Bureau of Investigation has registered a case against former Viswa Bharati University Vice Chancellor Sushanta Kumar Dattagupta
Sri Lanka Cricket picked a 20-member squad for the white-ball series starting on January 3.
Out of favour India batter Hanuma Vihari will be leading the South Zone squad in the upcoming Duleep Trophy tournament.
The VC said that he has contributed a lot to improve the functioning of the university.
Something is cooking in online food delivery. After 15 years of grappling with the demands of the business - read cash burn - Gurugram-based Zomato reported its first profit in the first quarter of 2023-24 (FY24). Not satiated, it reported a profit in the following quarter as well: Of Rs 36 crore in the second quarter compared to Rs 2 crore in the first. A year ago, in the second quarter of FY23, it had reported a loss of Rs 251 crore.
Three marquee exits accounted for nearly 60 per cent of the total exit value -- BillDesk's acquisition by PayU for $4.7 billion, Paytm's $2.5 billion initial public offering (IPO), and Zomato's public market debut of $1.3 billion.
India announced their final squad for the ICC Men's ODI World Cup with the injured Axar Patel dropped from the final squad and Ravichandran Ashwin making his way into the 15-member team.
India's in-form spinner Kuldeep Yadav missed Sunday's game due to a sore thumb and it remains to be seen if he is available for selection.
K L Rahul has ruled out of the third Test against England, starting in Rajkot on Thursday, after failing to recover fully from his injury.
Bumrah, DreRus or Varun Chakravarthy: Who bowled the best spell?
The incident took place on Tuesday night and police have registered two cases based on complaints from students of the university.
Gautam had written a letter to Shah on July 13 accusing him of trying to instigate students by issuing a statement in which he said that he forsees "trouble" if AMU is denied its minority tag.
Hyderabad Central University VS Appa Rao on Wednesday asserted there had been "no pressure" from Union ministers or the HRD ministry to act against the youth.
'I was living in a fools' paradise, thinking I could win over anyone with my good intentions.'
Family offices are increasingly looking to invest directly in start-ups rather than through investment in venture capital (VC) firms. The shift is happening because of multiple reasons. Next-generation scions of wealthy families are conversant with how the start-up world works after they have spent time in Silicon Valley; start-up investment is rising to 10-15 per cent of family offices' portfolios from single digits; and they do not want to share gains of investment with VC firms. "While earlier they would prefer to invest in this asset class via venture capital (VC) funds as LPs (limited partners), now they are making direct investment in start-ups.
The cops' RTI reply does clear the air about the varsity chief's role on that eventful night. The letter, however, fails to explain how his 'unarmed police' resorted to merciless lathi-charge, video footage of which was broadcast by many television channels.
India will be looking for another favorable result to extend their lead in the World Test Championships standings.
For India, Suryakumar would want to get a big one in his pet format and regain a bit of confidence that has eroded because of a lean patch in the ODIs.
The Board of Control for Cricket in India (BCCI) announced a 15-member squad led by Hardik Pandya for the T20I series against West Indies.
The university's academic council in a meeting on Friday had passed a motion for the removal of the chapter titled Modern Indian Political Thought.
The Junior Cricket Committee has picked India A squad for the upcoming ACC Men's Emerging Teams Asia Cup 2023 to be played from July 13th to 23rd in Colombo, Sri Lanka.
The Nitish Kumar government appeared to be heading for a showdown with Bihar Governor Rajendra Vishwanath Arlekar as the Raj Bhavan reversed an order of the state administration to freeze bank accounts of two officials of Babasaheb Bhimrao Ambedkar Bihar University in Muzaffarpur.
Bangladesh have beaten India three times in the last four ODIs -- twice in a bilateral series in December 2022 and then in the Asia Cup.
