Though Kishore Biyani is selling stakes in group companies to pay off debt, a significant share price crash since January this year is making his task difficult.
Yuri Milner is focussing on on consumer-driven Internet start-ups.
French sources say Hollande was motivated to speak out after an Indian media report revealed that the Reliance Group had part-funded a film venture by his domestic partner, French actress Julie Gayet.
His tryst with investing in start-ups began when his juniors started approaching him for guidance and capital.
According to Munjal, there is an opportunity for somebody who comes from a not for profit background in health care to do something.
This marks the second billion-dollar investment by Silver Lake in a Reliance subsidiary after the $1.35 billion investment in Jio Platforms.
This is the largest single dose of equity infusion into the joint venture since its launch in January 2015.
The junior Ambanis - Anmol and Anshul - were inducted on the board to respect the wishes of the shareholders who during the recent AGM asked the management to get fresh blood into the company by bringing them on board.
Analysts said with more power sector companies referred to the NCLT by banks, large companies would be at an advantage.
Ola commits to invest $100 mn in Vogo, to bring scooter-sharing to its app, reports Alnoor Peermohamed.
The Rs 100 crore infusion will well-capitalise the company to drive its new strategy and growth plans.
Pradyumna Nadakaduty didn't even know he was getting into social impact work when he applied for a job at Acumen Fund. Then something wonderful happened.
The rules, the first ever for software applications in the country, were recently issued by the patent office and mandate each new software to be 'machine-specific' and packaged with 'new hardware' to qualify for a licence.
With regard to his investment in Ola, Bansal said that on the one hand, the ride-hailing major had emerged as a global force in the mobility space and on the other it continued to build deeper for various needs of a billion Indians through its platform. This is the largest funding by an individual in the app cab.
Westbridge Capital Partners is planning to invest $200 million in Indian companies over the next 2-3 months.
Information technology, financials, industrials, consumer discretionary and utilities were the top five sectors to attract significant private equity capital during the quarter.
Vemuri holds about 400,000 shares in IGATE which, at an offer price of $48 apiece, will give him $19.2 million
Two aborted missions, three different ministers, multiple rule changes and two decades later, Indian taxpayers will no longer have to pay Rs 20 crore per day to keep the loss-making Air India flying. While opposition Congress expectedly attacked the decision as selling the family silver, DIPAM secretary Tuhin Kanta Pandey said what Tata is getting is not a cash cow but an airline which is bleeding where money needs to be pumped in to refurbish obsolete aircraft and dust up strangled ones while being unable to touch any employee for one year and only be able to resize staff after paying a VRS. "It won't be a very easy task there. Only advantage is they (new Air India owner) are paying the price which they think they can manage. "They are not taking the excessive debt accumulated to fund years of losses. We are continuing it as an ongoing concern.... This process has also saved huge amount of taxpayers money going forward," Pandey told PTI.
The Forbes 5th annual '30 Under 30' list features 600 women and men.
Instead of the minority stake they held earlier, now they have controlling stake in many firms
The group also said it will raise fund from private equity firms, including Bain Capital and Lathe Investment, estimated to be around Rs 4,500 crore (Rs 45 billion) to finance its buyout by selling stake in Hero Investments Private Limited (HIPL).
A bunch of CEOs in their mid-30s and early 40s are trying to rectify the scenario where shady lending applications trap hapless borrowers with astronomically high interest rates and even bodily harm if the money was repaid. Anup Roy reports.
The second-longest serving chairman introduced quite a few measures for the primary market and implemented a new corporate governance framework.
While funds will not be a constraint, the challenge for Aasaanjobs will be to reach out to people with no internet, says M Saraswathy.
Sidbi acquires Ahmedabad-based start-up at hefty premium; founders deny link to govt.
Venture capitalists are leveraging their experience to build something new.
The assumption clearly was that project execution timelines would be adhered to and revenues would flow in as scheduled.
M&M will close down GenZe, an e-scooter business in California, because it is unlikely it would stand on its own feet, and is ahead of its time.
The ministry of defence has set a goal of $26 billion, including export of $7 billion for the industry by 2025-26 through its Defence Production Policy 2018.
Drishti, an affordable eye care chain has lit up the lives of scores of people in rural areas.
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