Shravin Mittal's venture capital firm, Unbound Advisors, has made investments worth over $500 million so far
'I have lost a piece of my heart.' 'I can cry me a river and write words & words.. but I can never completely express what he means to me.' 'Mera yaar ...KK!!'
Most Indian fathers still want their children to study at the IITs and IIMs and draw a six-figure salary.
Flipkart Group on Monday said it has raised $3.6 billion (about Rs 26,805.6 crore) in funding led by GIC, Canada Pension Plan Investment Board (CPP Investments), SoftBank Vision Fund 2 and Walmart, valuing the e-commerce giant at $37.6 billion. The company, which competes with Amazon, Reliance Industries' JioMart and others in the burgeoning Indian e-commerce market, said it will continue to make deeper investments across people, technology, supply chain and infrastructure to address the requirements of a rapidly growing consumer base in the country. The current funding round has also seen participation from sovereign funds DisruptAD, Qatar Investment Authority, Khazanah Nasional Berhad as well as marquee investors Tencent, Willoughby Capital, Antara Capital, Franklin Templeton and Tiger Global.
Javed Akhtar is among the millions who believe that Lata Mangeshkar's voice is therapeutic.
'This man changed the mindset of a generation.'
Falling valuations, slowing funding rounds and faltering investor sentiment seem to have prompted many start-ups to lay off employees in a bid to conserve cash. The latest to do so is SoftBank-backed Cars24, a leading e-commerce platform for pre-owned vehicles, which has laid off over 600 staff, according to sources in the know. The move, they said, is aimed at conserving cash amid cautious investor sentiment and a slowdown in funding.
Monsoon is here, and time to bring out the chhatris.
Likening India's progress to that of a vehicle that only has accelerator and no brakes, the RSS chief said those trying to stop it will either step aside or be eliminated.
Modi congratulated Kejriwal for the thumping victory
'When he appeared on Indian Idol, he was on a wheelchair and he had difficulty moving around.' 'It was sad to see him in failing health'.'
The stock-and-cash deal is the biggest in the education space.
Sanjay Dutt, who is rumoured to be suffering from lung cancer, returned to work after reportedly completing the first round of chemotherapy at Mumbai's Kokilaben Dhirubhai Ambani hospital.
Customers of stressed Punjab & Maharashtra Co-Operative Bank (PMC Bank) will not get up to Rs 5 lakh insurance cover in the first lot as the multi-state co-operative bank is under the resolution process. Deposit Insurance and Credit Guarantee Corporation (DICGC) in the first lot will pay customers of 20 stressed banks except PMC Bank. For the first lot, the mandatory 90 days period concludes on November 30.
The preparations for this year's Indian Premier League is gathering steam as the eight teams sweated it out in the United Arab Emirates.
Private equity investments, which ballooned to nearly $25 billion over the past four years are likely to continue strongly through 2010, driven by robust economic growth and attractive market valuations, a latest report says.According to a study by global consulting firm Boston Analytics, around 903 private equity investments worth $24.8 billion in value were made in India from 2004-2007, with more than 45 of those deals exceeding $100 million.
The Delhi-based Parsvnath Developers received $47 million (Rs 186 crore) from twoSaffron Group funds to develop a residential and shopping complex on a now-defunct bus depot at Kurla in central Mumbai. The Mumbai-based Lodha Group got $54 million from a HDFC-sponsored, Mauritius-based fund. The fund will take a 45 per cent stake in a special purpose vehicle, which will develop projects in Hyderabad, Lodha said in Mumbai on Thursday.
Saffron Asset Advisors, which manages the real estate investments of NYSE Euronext-listed Yatra Capital, is now planning to launch a bouquet of funds focusing on India. The company is aiming at a total corpus of Rs 4,000 crore (Rs 40 billion) in the next couple of years.Starting from real estate, the company will launch sector-specific funds such as healthcare, logistics, infrastructure, hospitality.
RCom intends to utilise the proceeds of the proposed transaction to reduce its debt.
Global equity companies have no plans to put their money in the Indian aviation industry even though the carriers are seeking $2.5 billion in cash for expansion. Most players are looking at investing in into large established airlines, but right now are in the wait and watch mode. It will therefore be difficult for low-cost carriers to get funding. The losses of the Indian aviation sector and high valuation expectations are the reasons why investors are not interested.
Modi on Friday invited the Congress leaders at his Race Course Road residence at 7 PM, sources said.
To mark World Whiskey Day, a toast to its memorable imagery in Hindi films.
Sukanya Verma gives you various untried Bollywood combinations we would like to see on screen.
In a bid to grab a larger pie of the 71,000-crore (Rs 710 billion) auto components segment, the Rs 2,500-crore (Rs 25 billion) Yash Birla group has decided to revitalise its auto tool business by infusing equity capital through an initial public offering (IPO) for a proposed holding company.
In some cases fake degrees and certificates were uncovered.
The company, started by three BITS Pilani graduates in 2005, could be planning to aggressively scale up its business to tap the untapped potential that the bus-booking service offers in India.
Babita's success ratio is higher than that of any other leading lady in the 1960s, says Subhash K Jha.
Illustration: Uttam Ghosh/Rediff.com After a brief respite at the year's start, FPIs have dumped shares worth more than $5.7 billion (Rs 42,596 crore), taking the cumulative net outflows since October to $10.5 billion (Rs 78,466 crore), and adding to the volatility on the bourses. The figure would have been a lot worse had it not been for net purchases to the tune of $5.7 billion in the primary market from October to date.
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