Despite the rupee appreciation against dollar, the India-US outsourcing story continue to attract money. An India and US based engineering outsourcing company Satellier has raised $10 million in second round funding from Sequoia Capital. Satellier provides value-added design support and building information modeling (BIM) service solutions to the global architecture, engineering, and construction industry. The [...]
This is probably the first publicly known investment by Pulak Prasad’s Nalanda Capital Pte Ltd. The $400-million Singapore-headquartered private equity fund, which has a mandate to invest only in publicly listed companies, has picked up a 14.9 per cent stake in the Jaipur-based Vaibhav Gems Ltd. The investment is in the form of Global Depository [...]
Who said IFCI Venture Capital Funds is dead? The defunct venture capital arm of the erstwhile-troubled-but-now-hot-property IFCI is launching a private equity fund focused on domestic automotive components industry. The firm is tying up with German consultancy UBF-B for a €100 million (almost Rs 550 crore) fund, The Hindu Business Line reports, quoting Rajeev Mukhija, [...]
Exclusive: Paradyne Infotech, now called Glodyne Technoserve Ltd, is close to making a US acquisition. The seller is Front Office Technologies, a US-based network and server management service company. The announcement is expected in the next two days, according to sources close to the development. Glodyne is founded by Annand Sarnnaik. The company has two [...]
Cisco System’s corporate venture capital arm has committed an additional $100 million for venture capital investments in India, the company CEO John Chambers said at a conference in Bangalore. In October 2005, the US networking company had committed $100 million in VC investments in India. This was part of the $1.1 billion investment announced by [...]
Chennai-based diagnostic equipment company Trivitron Medical Systems Pvt Ltd will get a funding of $ 11 million (Rs 45 crore) from HSBC Private Equity and venture capital firm ePlanet Ventures. According to reports, an HSBC PE entity, HSBC Asian Ventures Fund 2 Ltd, and ePlanet will get a minority stake in Trivitron, which plans to [...]
JPMorgan & Chase Co., the third largest US bank, has set up a $2 billion fund to invest in Indian infrastructure projects such as roads, ports and power, reports Bloomberg. The fund will be ready to invest in companies and projects by the end of this year, the report says quoting Anil Bhalla, managing director [...]
Jagdish Khattar is hanging up his boots at Maruti Suzuki, India’s largest car manufacturer. But the man is not retiring from working life completely. Former bureaucrat-turned-MD Khattar is contemplating being an entrepreneur. Speaking to reporters on Monday on the sidelines of the company press conference, Khattar said he was yet to decide what venture he [...]
Info Edge Ltd, the owners of jobs portal Naukri.com, seems to keeping up with the promise as far as its revenue growth is concerned. It will become India’s first internet company to cross revenues of Rs 200 crore (over $50 million) if everything goes well in the remaining part of the fiscal year. Info Edge [...]
India’s largest exporters, the Gujarat based Adanis, are scripting a new story. They are coming up with India’s first IPO in private sector port development. The group’s latest venture Mundra Port and Special Economic Zone Ltd’s public issue to raise up to Rs 1,771 crore ($450 million) is opening on November 1. The issue has [...]
Hyderabad based Ocimum Biosolutions today announced that it has agreed to buy Maryland, US-based Gene Logic’s Genomics Business for $10 million in cash. The purchase includes Gene Logic’s knowledge products business. They include the genomic database (BioExpress) and other programmes like ToxExpress, Genesis software system and web-enabled products like Ascenta, Sciantis and ToxShield.
As part of [...]
Finally, in the midst of all the P-note problems, the market has scaled another big milestone. The Bombay Stock Exchange Sensitive Index has crossed 20,000 points in late trades today. It touched a high of 20,024 points after crossing some 780 points. It took just 11 trading sessions for the Sensex to scale [...]
Ortel Communications Ltd, Orissa’s leading cable operator, plans to raise Rs 200 crore in private equity, according to Indiantelevision.com. Ortel is owned by the family of Jay Panda, a businessman-turned-Rajya Sabha MP from Biju Janata Dal party. The company is run by Jay’s wife Jagi Mangat Panda. Ortel has also applied for the mobile telecom [...]
Amit Burman of the Dabur family is venturing into food retail business which will include a chain of quick service restaurants and food courts. Amit Burman, the CEO of Dabur Foods (the makers of Real fruit juice), would be spearheading the venture called Lite Bite Concepts. According to Business Standard, it has other investors Rohit [...]
Valecha Infrastructure, the wholly-owned subsidiary of publicly listed construction company Mumbai-based Valecha Engineering, plans to raise about Rs 100 crore ($25 million) by divesting 40 per cent stake to private equity firms. Valecha is a construction company present in highways, runways, bridges, power plants, dams, tunnels, buildings and canals.
A PTI (via LiveMint) report quotes Valecha [...]
