The new clean technology venture capital fund has invested $20 million in California-based Miasole, which is engaged in the development of thin-film solar panels, while the carbon fund has an initial investment commitment of $157 million, the steel-maker said. "The fund is managed by a team from ArcelorMittal Flat Carbon Americas and its investment decisions are taken by a six-person Investment Committee chaired by ArcelorMittal FCA CEO Lou Schorsch," it added.
Funds will invest in new technology companies involved with climate change mitigation.
Catamaran Management Services, the venture capital fund promoted by Infosys Technologies Chairman N R Narayana Murthy, is free to exit SKS Microfinance.
Unlike many peers in the VC space, LSE grad Juneja doesn't have an entrepreneurial background but is said to be strong in finance skills
Stalin said that even in Gujarat the vice-chancellors are not appointed by the governor but the State.
Amazon, Google, Apple and Facebook are both a boon and a bane for angel investors, VCs as well as start-ups. If the Big Tech companies get broken up and their powers to acquire get significantly curbed therefore, the whole ecosystem will need to change, says Prosenjit Datta.
According to experts, this will have major impact on new investments by Chinese players in companies, such as Paytm, Ola, BigBasket, Byju's, Dream11, MakeMyTrip, and Swiggy, when they go for follow-up funding. Chinese investors, such as Alibaba, Tencent, and Xiaomi, are active in the Indian start-up space, and have collectively invested billions of dollars.
Investors spent much of 2016 cleaning house. And a VC tells Ranju Sarkar, "There's still some bad news left in the portfolios (of VC firms). What happens to Ola and Flipkart will drive sentiment in future."
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.
Australia will play against Sri Lanka in the first T20I at North Sydney Oval on September 29.
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.
Koo has so far raised $4.1 mn in Series A funding from existing investors Accel, Kalaari Capital, Blume Ventures and 3one4 Capital.
He said the politicians in the state did not have any vision for higher education, which had seen drastic decline in quality and standard in the recent years.
"The current environment on the campus is extremely vitiated and is perceived by the Dalit community as intimidating and hostile," he said.
A group of over 20 ex-students had been protesting on the campus since Monday, alleging that they were denied admission to the postgraduate courses because they had taken part in an agitation against Uttar Pradesh Chief Minister Yogi Adityanath.
Allowing students to have interaction with Rahul Gandhi has cost vice chancellor of a leading university in Indore his job. Devi Ahilyabai Vishwa Vidyalaya (DAVV) vice chancellor Dr A S Sehrawat, who ran into a controversy after allowing Congress general secretary Rahul Gandhi to interact with students on the university campus has resigned from his post.
With two senior pacers Bhuvneshwar Kumar (thigh injury) and Ishant Sharma (side strain) all but ruled out, Navdeep Saini will certainly be the fourth pacer after Mohammed Shami, Jasprit Bumrah and Umesh Yadav.
Asserting that central government employees may have to work with staggered attendance and variable working hours, the personnel ministry has come out with a draft framework for 'work for home' for the staff post-lockdown. The department of personnel and training may provide options for work from home to the eligible officers/staff for 15 days in a year as a matter of policy, it said.
Prime Minister Narendra Modi scored 62.3 per cent in his masters in Political Science, Gujarat University's Vice Chancellor M N Patel has said.
Narayana Murthy, chairman and chief mentor of India's second-largest information technology services provider Infosys Technologies, has asserted that he has set up the Catamaran Venture Fund to occupy himself once he retires from Infosys in 2011.
'In the business of money, where you are regulated, the liability lies on the head of the acquirer.' 'It is not a good thing when you cannot spot the risks.'
N R Narayana Murthy, co-founder and chief mentor of India's second-largest IT services provider Infosys Technologies, is planning to invest in US-based clean technology venture capital fund Siderian Ventures.
The Central Bureau of Investigation is believed to have found that Aligarh Muslim University Vice-Chancellor P K Abdul Azis had committed financial impropriety and knowingly claimed allowances for which he was not entitled.
Serena Williams said her five-episode documentary series 'Being Serena' is a tribute to all the women who have gotten back to work after becoming a mother.
Chaudhary sent his resignation immediately after assuming charge at 1 pm, informed sources said.
Live commerce, quick commerce, group buying, WhatsApp commerce, dukaantech have made their mark.
Edtech major Byju's has raised over Rs 363 crore (about USD 50 million) in funding from Maitri Edtech and IIFL's private equity fund, according to regulatory documents. Over the past few months, Byju's has raised funding from a slew of investors that has placed the edtech major among the most-valued start-ups in the country. Byju's is estimated to have raised about $2.3 billion in funding so far with valuation touching $6.5 billion.
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.
The non-teaching staff of Hyderabad Central University, who had gone on a strike protesting vandalisation of VC's lodge on March 22 allegedly by a group of students, resumed their duties on Thursday as the situation on the campus remained peaceful.
Having already invested $100 million in companies with significant operations in India over the last three years, Clearstone Venture Partners has now fielded its entire top team in the country to look for venues for investing $250 million it has in i
The political economy of the IPO market involves regulators empathising with intermediaries, and designing a bridge that systematically takes wealth away from founders, VC and PE funds, and business houses, explains Ajay Shah.
'The China opportunity, the digital opportunity and the end of geography opportunity are the three pieces of luck India got due to Covid.'
Private equity and venture capital investments more than halved to $3.6 billion in May 2021 when compared to the preceding April's $7.5 billion and a third lower than the year-ago period's $5.4 billion, a report said on Monday. However, on a year to date basis, the venture investments by these two categories of investors have doubled to $20 billion for the first five months of 2021, the report by industry lobby IVCA and consultancy firm EY said, stressing that investors continue to remain bullish. It can be noted that the country underwent the ravages of the second wave of the pandemic since April this year.
'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.'
Kanhaiya also said there was no "tukde tukde" government before 2014
'Indices will remain range bound in 2022 as earnings catch up with the current multiples.'
