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.
A few words of praise for Gujarat Chief Minister Narendra Modi have eventually cost Ghulam Mohammad Vastanvi his coveted job as vice chancellor of Darul Uloom, Deoband, widely recognised as India's leading Islamic seminary.
It is sad that the legislative pre-consultation on such an important bill is being done in a very biased manner, notes Shailesh Gandhi, former Central Information Commissioner, recounting his experience with Minister Rajeev Chandrashekhar.
'Last year, India exported more software than Saudi Arabia exported oil.' 'Last year India got $83 billion of private equity.' '50 percent of India's FDI has come in the last five years.'
US hedge fund Tiger Global and Japanese investment giant SoftBank have trimmed their investments in Indian start-ups by over a third - from $3.8 billion in the second half of 2021 to a mere $1.08 billion in H1 2022, according to data from Venture Intelligence. While SoftBank's investments in India dropped from $1.9 billion in H2 2021 by more than a fifth to only $0.33 billion in H1 2022, that of Tiger Global fell from $1.92 to $0.74 billion in the same period. Private equity (PE) fund trackers point out that this year most of the deals that Tiger Global has invested in are in the early stage (up to series D), and only a few are in the series E and above.
In a significant push to popularise cricket in the US, a $120 million funding has been secured from prominent Indian-American business leaders, including Microsoft CEO Satya Nadella and Adobe CEO Shantanu Narayen, to launch the first professional T20 league in the US. Major League Cricket (MLC), the first professional Twenty20 Cricket League in the US, announced Thursday that it has completed an initial close of a $44 million Series A and A1 Fundraising Round led by a group of America's leading business leaders. It said that with an additional commitment of $76 million in further fundraising over the next 12 months in place, MLC plans to deploy more than $120 million to launch the country's first-ever professional T20 league.
The Nitish government has increased pressure on Governor Phagu Chauhan to take action against vice chancellors of two universities following allegations of corruption against them.
Smriti Mandhana-led Trailblazers will aim for another win to finish with two victories and enter the final on November 9 with momentum behind them.
'Our competitiveness with China is very important.' 'If the exchange rate depreciates, it is good for us because it helps in our competitiveness.'
The ability to look into the future and to be able to predict trends is one of the most important things for a VC, says Waygate Capital MD Rajesh Jog.
'I'm 79 + now, and I've been doing all this since my late 20s.' 'Sometimes the ideological war extends to the home as well.' 'Many nights I couldn't sleep when someone close to me uttered the smallest insult.' 'It would cause me a lot of pain. But one has to be honest to oneself.'
India, Pakistan, Sri Lanka, Afghanistan and Bangladesh can beat each other on their day
There seems to be no dearth of funds to fuel this growth, report Peerzada Abrar and Shivani Shinde.
A distinguished Indian-American academician has been appointed as vice chancellor for research at the prestigious University of Illinois, Chicago.
With Jadavpur University students demanding the Vice Chancellor's resignation over a molestation case, an apology message attributed to the VC was on Saturday posted on the varsity website, which official sources denied claiming the website has been hacked.
The students' union has been on a strike against the draft hostel manual, approved by the Inter-Hall administration, which it claims has provisions for hostel fee hike, dress code and 'curfew' timings.
While industry is upbeat, start-ups in the space sector are finding it difficult to cater to the demand due to a lack of funding, issues related to policy like foreign funding, intellectual property, etc, and a lack of support in testing.
India play the opening T20I against New Zealand on Friday.
India need to put up an improved batting show in their second ICC Women's World Cup league stage game
Future Retail Ltd (FRL) on Wednesday held a meeting of its shareholders to consider and approve the sale of the company's retail assets to billionaire Mukesh Ambani's Reliance Retail Ventures Ltd. The meeting was chaired by Shailesh Haribhakti, FRL said in a regulatory filing. Haribhakti has been appointed by the NCLT to chair the meeting. The result of the voting will be announced in due course, it added.
Indian clean technology businesses are finally catching the attention of investor community. New Ventures India - founded by World Resources Institute and CII-Godrej Green Business Centre - aims to fund 50 entrepreneurs in this segment by 2010 with a target investment of $250 million
The recent pullout by ICICI Venture and Citigroup Venture from a three-year-old drug discovery partnership with Dr Reddy's Laboratories points to angel investors' growing aversion to risk in pharma and biotech firms, say experts.
The capital infusion is expected to bolster its presence in the country by funding its key businesses to take on Indian rival Ola.
The decision was taken at the executive council meeting of the university, sources said.
The number of deals announced in the month were the highest ever at 102 for any month, compared to 75 in the same period last year and 92 deals in March.
The Reserve Bank of India (RBI) has recommended to the finance ministry a series of measures to curb investment flows from venture funds and into real estate.
Senior Congress leader V C Shukla, who was injured after heavily-armed Maoists ambushed a convoy of party leaders in Chhattisgarh's Bastar district, was on Sunday airlifted to a hospital in Gurgaon near New Delhi from Raipur
Faculty members put in their papers from their respective posts in solidarity with the protesting students over the suicide of Rohith Vemula.
Flirting, persistence and longingness comes alive in Mani Ratnam's Kaatru Veliyidai, feels Divya Nair.
Stalin said that even in Gujarat the vice-chancellors are not appointed by the governor but the State.
Vice-chancellor of Kolkata's PresidencyUniversity on Thursday said she would write to the governor about Wednesday's vandalism of various departments, and appealed to Chief Minister Mamata Banerjee to ensure that a serious probe was conducted to identify the attackers.
News of all that transpired on and off the cricket field
Bulk of the medicine sales in the $22-24 billion domestic pharma market happens through offline retail chemists. With the entry of online pharmacies, this space has started to witness a shake-up. Sample this: Dawaa Dost, a Rajasthan based digital health start-up, generates medicine orders from 'kirana' stores and women self-help groups (SHGs) that operate in villages, and then service these orders through its affiliated network of pharmacies. Biddano, another health-tech start-up, has a platform that acts as an aggregator for neighbourhood chemist shops.
Bihar Governor Devanand Konwar was Monday heckled by a Congress woman lawmaker during his address to joint session of state legislature over alleged corruption in appointment of vice-chancellors prompting him to admonish her.
Supernovas, champions in 2018 and 2019, just about managed to ward off their rivals in a last-over thriller.
While Mulayam Singh went to the extent of branding Singh as a "dictator", the latter cracked the whip by suspending as many as 135 students with "criminal background", most of them allegedly supporters of ruling Samajwadi Party.
He reiterated that he will not reopen the varsity until 'criminal elements were flushed out'.
'If you persist in opposing the government, they set the ED or the NIA on you. And the courts have not given us much hope.'
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