News for 'Venture and Capital'

TPG Venture to buy 2 IT firms

TPG Venture to buy 2 IT firms

Rediff.com22 Jul 2005

This is what it takes to become an entrepreneur

This is what it takes to become an entrepreneur

Rediff.com9 Jan 2012

First, get out and engage with customers sooner than later. If you stay focused on the lab to work on your product, the market may have moved. Customer feedback is very important. Also do not underestimate competition; stay on top of it.

Sam Ghosh Rel Capital CEO

Sam Ghosh Rel Capital CEO

Rediff.com2 Apr 2008

Ghosh, who led the ramping up of German insurer Allianz's Indian insurance ventures, has assumed charge as Reliance Capital CEO from today, the company said. He would report to Reliance Capital Vice Chairman Amitabh Jhunjhunwala. Reliance Capital has also crossed the 14 million customer-mark across all its businesses, according to industry sources.

US investor BlackRock slashes Byju's valuation by 95% to $1 billion

US investor BlackRock slashes Byju's valuation by 95% to $1 billion

Rediff.com15 Jan 2024

BlackRock has again reduced the valuation of its share in edtech firm Byju's - this time to about $1 billion, TechCrunch reported on Friday, citing disclosures made by the US-based asset manager. This is 95 per cent less than its peak valuation of $22 billion in 2022. The markdown comes at a time when the company is facing a multitude of challenges, including securing fresh capital, delays in financial reporting and legal disputes with lenders.

Curbs likely on VC funds for realty

Curbs likely on VC funds for realty

Rediff.com24 May 2007

The government is reviewing norms for investments by foreign venture capital funds in real estate, after the Reserve Bank of India coming round to the view that such funding is helping create an asset bubble in the sector.

Battle lines are hardening against govt's e-commerce draft

Battle lines are hardening against govt's e-commerce draft

Rediff.com24 Aug 2018

Smaller Singapore- and US-based venture capital funds, retail associations and trader bodies such as the CAIT and SJM are all planning to approach the government to put pressure on the commerce ministry.

PE/VCs invest $6.8 bn in Indian cos in November

PE/VCs invest $6.8 bn in Indian cos in November

Rediff.com16 Dec 2021

Investments by private equity and venture capital funds in November stood at $6.8 billion across 102 deals, which is double by value when compared with the pandemic-impacted year-ago period but half of the bets in the preceding month of October, as per a report. In November 2020, such high-risk investors had infused $3.9 billion, while in October, the total investments had stood at $13.1 billion, the monthly data shared by industry lobby IVCA and the consultancy EY said. The overall investments in the first 11 months of the year have touched $72.6 billion, which is 53 per cent higher than the all-time high for a year achieved in 2020, it said.

SBI launches its first dedicated branch for start-ups in Bengaluru

SBI launches its first dedicated branch for start-ups in Bengaluru

Rediff.com16 Aug 2022

State Bank of India (SBI) on Tuesday announced the launch of its first "state-of-the-art" dedicated branch for start-ups in the country here, to facilitate and support them. The branch launched by SBI chairman Dinesh Khara is located in Koramangala, which alongside neighbouring HSR Layout and Indiranagar are the biggest start-up hubs in the city. "...overall we are in a position to provide end-to-end services to start-ups, with that in mind this particular start-up branch is the first start-up branch we are starting, from the capital city of start-ups- Bengaluru.

Make millions, be a Net entrepreneur

Make millions, be a Net entrepreneur

Rediff.com11 Dec 2006

A few gatecrashers into the Net space have created formidable revenue models for online businesses.

Wealth of ultra-rich will continue to rise in 2023: Survey

Wealth of ultra-rich will continue to rise in 2023: Survey

Rediff.com16 Jan 2023

Nearly 9 out of 10 ultra-high-net-worth individuals in India saw an increase in wealth during in 2022, and the super rich expect their wealth to grow further this year, according to a Knight Frank survey. In its latest 'The Wealth Report: Outlook 2023', real estate consultant Knight Frank has revealed the findings of the global survey. Among Indian respondents, the consultant said 88 per cent saw a rise in UHNWI's (ultra-high-net-worth individuals) wealth in 2022.

Looking For Long-Term Investment?

Looking For Long-Term Investment?

Rediff.com19 Apr 2024

This is a good opportunity for long-term investors to pick quality small and midcap stocks at reasonable valuations.

10,774 Employees Laid Off In 6 Months

10,774 Employees Laid Off In 6 Months

Rediff.com26 Jul 2023

Around 6,967 tech employees lost their jobs in Bengaluru, the highest among Indian cities, partially because of its evolution in recent years as a start-up hub.

This 13-yr-old inventor just floored Intel with his start-up idea

This 13-yr-old inventor just floored Intel with his start-up idea

Rediff.com5 Nov 2014

The chip maker is putting money in his low-cost Braille printer project.

Crypto Investments: Brace For Volatility, Regulation Threat

Crypto Investments: Brace For Volatility, Regulation Threat

Rediff.com24 Jan 2024

Those who want to invest should consider their risk appetite. Youngsters may go for it as they have a longer horizon to recover from a setback.

Adani role in defence sector comes as fresh ammo for Oppn

Adani role in defence sector comes as fresh ammo for Oppn

Rediff.com15 Mar 2023

Several Opposition leaders, including former Congress chief Rahul Gandhi, on Wednesday attacked the government over a media report claiming that a key Adani group investor is also co-owner with the conglomerate in a defence firm.

10 BIG IDEAS to wake up Indian entrepreneurs

10 BIG IDEAS to wake up Indian entrepreneurs

Rediff.com4 Jul 2012

According to the author, these ideas will change the way entrepreneurs think and succeed in their ventures.

RIL stake sales help PE investments jump 38% in 2020

RIL stake sales help PE investments jump 38% in 2020

Rediff.com9 Jun 2021

Private equity investments in Indian companies grew 38 per cent to $62.2 billion last year, with inflows into Reliance Industries' telecom and retail ventures contributing nearly 40 per cent of the total value of the deals, a report said on Wednesday. Barring investments into Jio Platforms and Reliance Retail, the total deal value was down by 20 per cent over 2019 as the volume of large deals of more than $100 million dipped by a fourth, as per the report by Bain & Company and India Venture Capital Association. Overall investment activity remained muted from March to May last year due to COVID-led uncertainties and investor confidence recovered strongly in the second half to pre-COVID levels with late-stage and buyout deals witnessing increased traction, it said.

Dabur keen to acquire 26% stake in Religare for Rs 2,116 cr

Dabur keen to acquire 26% stake in Religare for Rs 2,116 cr

Rediff.com25 Sep 2023

Entities belonging to the Burman family, the promoter of Dabur India, on Monday announced a Rs 2,116 crore open offer to shareholders of Religare Enterprises Ltd (REL) to acquire up to an additional 26 per cent stake in the company as part of its strategy to enter the financial services space. Post the open offer, the family's stake in the financial services firm is expected to increase to 51 per cent. The open offer is made to increase the family's stake and take control of REL and this will mark the entry of Burmans into the financial services space.

Capital infusion won't fix PSBs

Capital infusion won't fix PSBs

Rediff.com1 Feb 2019

Those behind recapitalisation are neither aware nor do they care. After all, they have no skin in this game. And the Lok Sabha elections are round the corner. That's what they care about, points out Debashis Basu.

Cisco pumps in $1.7 billion annually in India

Cisco pumps in $1.7 billion annually in India

Rediff.com17 Nov 2014

Focussed on growing its business in India, networking giant Cisco said it invests as much as $1.7 billion annually in its operations in the country across areas like R&D and employee training.

Austrian firm buys Bangalore-based ECAD Tech

Austrian firm buys Bangalore-based ECAD Tech

Rediff.com5 Aug 2005

Austria-based manufacturer of branded circuit boards, Austria Technologie & Systemtechnik AG (AT&S) has acquired ECAD Technologies, a Bangalore-based IT company, for a total consideration of Rs 7.5 crore (Rs 75 million), it was announced on Friday.

Citigroup eyes 20% in JBF Industries

Citigroup eyes 20% in JBF Industries

Rediff.com15 Jun 2005

Citigroup has made an open offer to acquire 20 per cent stake in textile company JBF Industries Ltd at a price of Rs 46.50 per share.

Byju's founder Raveendran keen to raise funds

Byju's founder Raveendran keen to raise funds

Rediff.com4 Jan 2023

Edtech major Byju's founders Byju Raveendran and Divya Gokulnath are planning to increase their stake in the company to about 40 per cent and have initiated discussion with investors, sources aware of the development said on Wednesday. The founders jointly hold around 25 per cent stake in the company at present. "There is an intention of Byju's founders to double their stake in the company.

Early stage funding drying up

Early stage funding drying up

Rediff.com14 Dec 2005

VCs to invest $2 billion in Indian firms

VCs to invest $2 billion in Indian firms

Rediff.com16 Apr 2004

Foreign venture capital worth $1.5-$2 billion and another Rs 10,000 crore (Rs 100 billion) from Sidbi's SSI Fund are expected to bolster small companies in the country this year, according to industry experts.

Regulatory woes torpedo PE/VC deals in e-pharma sector

Regulatory woes torpedo PE/VC deals in e-pharma sector

Rediff.com27 Jun 2023

With regulatory uncertainties clouding the future of online pharmacies, deals in the space are showing signs of slowdown, as also fresh investment from private-equity (PE) firms and venture capitalists (VCs). The data from Venture Intelligence shows so far in 2023 (as of June 13) there has been one deal with PE-VC funding. In 2022 there were four, a sharp fall from the 12, totalling $1,520 million, the sector had attracted in 2021.

Share of L&T's slow-moving projects in order book at multi-year low

Share of L&T's slow-moving projects in order book at multi-year low

Rediff.com14 Aug 2023

The share of slow-moving orders in the overall order book of Larsen & Toubro (L&T) is at a multi-year low. This has led to a renewed focus on fast-moving orders. A mix of factors such as commodity price fluctuations, robust order inflow and strong sectoral demand have put capital goods order book in the fast lane, analysts and company executives said. L&T, with its large presence in the capital goods sector, is often seen as the bellwether for trends in this space.

How HUL plans to serve the customers of tomorrow

How HUL plans to serve the customers of tomorrow

Rediff.com11 Dec 2023

Hindustan Unilever (HUL)'s decision to split its beauty and personal care division and place a renewed focus on digital has been driven by its aim to serve the consumer of tomorrow, say analysts and brand experts. HUL managing director and chief executive officer Rohit Jawa is looking to make the company 'future ready', and while these bets are not for the short-term, they will eventually pay off as the Indian consumer is young and digital friendly, they add. "Rohit Jawa comes with digital experience and he is preparing to steer HUL into serving the future consumer who is more digital friendly," said Sachin Bobade, vice-president at brokerage firm Dolat Capital.

Salary increments in India to touch 5-yr high of 9.9% in 2022

Salary increments in India to touch 5-yr high of 9.9% in 2022

Rediff.com16 Feb 2022

Salary increments in India will touch a five-year high of 9.9 per cent in 2022 as organisations are planning to invest in new-age capabilities to build a resilient workforce amid strong economic recovery and positive business sentiment, a survey said on Wednesday. According to leading global professional services firm Aon's 26th Salary Increase Survey in India, organizations across industries project a 9.9 per cent salary increase in 2022, compared to 9.3 per cent in 2021. The study that analysed data across 1,500 companies from more than 40 industries, noted that the industries with the highest projected salary increases are e-commerce and venture capital, hitech/IT and IT enabled services (ITeS) and life sciences.

40% of all vehicles sold will be electric by 2030

40% of all vehicles sold will be electric by 2030

Rediff.com15 Dec 2022

As much as 35 per cent to 40 per cent of all vehicles sold in the country across segments will be electric by 2030, up from a mere 2 per cent this year, says a Bain & Co report released today. This translates to 14-16 million new electric vehicles (EVs) selling in a year. The inflexion point, which is now being seen month on month in many segments (such as two-wheelers which hit around 4-5 per cent in December), will be more than visible in 2026, when 4-5 million EVs across segments are expected to be sold, accounting for 15-20 per cent of the total sales, says the report.

Rules on banks' investment portfolios to be revamped first time in 21 years

Rules on banks' investment portfolios to be revamped first time in 21 years

Rediff.com10 Dec 2021

For the first time in 21 years, the Reserve Bank of India (RBI) will revise norms for investment portfolios of commercial banks to reflect changes in global standards on valuation and measurement, and progress in the domestic market. This could pave the way for banks to transition to the new accounting standards (Ind-AS). The outstanding investment portfolio of commercial banks was at Rs 45.84 trillion as of November 19 this year.

VC investment falls to $540 mn

VC investment falls to $540 mn

Rediff.com1 Mar 2004

In contrast to the growth on IT and ITeS front, disbursements of venture capital and public equity funding halved to $540 million during 2003 in India

From Lambretta to Aamby Valley Project: Rise and fall of Subrata Roy

From Lambretta to Aamby Valley Project: Rise and fall of Subrata Roy

Rediff.com16 Nov 2023

The story of Sahara India Pariwar founder Subrata Roy, who died in Mumbai on November 14 aged 75, is the stuff of movies - of a spectacular rise and an equally spectacular fall. Born in Araria, Bihar, Roy was 30 when he set up Sahara in 1978. He started with a capital of about Rs 2,000, a peon, a clerk and his father's Lambretta scooter in Gorakhpur, eastern Uttar Pradesh, writes Tamal Bandyopadhyay in his 2014 book, Sahara: The Untold Story. Sahara was not his first venture.

IPL mega auction in Bengaluru on Feb 7-8?

IPL mega auction in Bengaluru on Feb 7-8?

Rediff.com22 Dec 2021

It could well be the last mega auction the BCCI may conduct, as most of the original IPL franchises want it discontinued.

Coming Soon! The Bullet Train!

Coming Soon! The Bullet Train!

Rediff.com5 Mar 2024

With land acquisition completed and infrastructure work streamlined, India's bullet train dreams are slowly, but finally, inching closer to reality.

NYT hails India's space programme as 'counterweight' to China

NYT hails India's space programme as 'counterweight' to China

Rediff.com5 Jul 2023

Lauding India's ambitious space programme, The New York Times has said the country, currently witnessing an 'explosive' growth in space-tech start-ups, is set to 'transform the planet's connection to the final frontier' and can emerge as a 'counterweight' to China.

Why's There Turmoil In The Start-Up World?

Why's There Turmoil In The Start-Up World?

Rediff.com12 Jan 2023

The turmoil, if you read the headlines, is about the so-called funding winter. Deep down, though, the question is one of the common direction in which founders and investors need to pull, points out Suveen Sinha.