http://www.vccircle.com/feed Feed for VCCircle en http://www.vccircle.com/500/news/vccircle-survey-12-13-to-be-a-good-vintage-year-for-pevc-funds <div class="sushant_slider_script"> <script type="text/javascript" src="http://ajax.googleapis.com/ajax/libs/jquery/1.3.2/jquery.min.js"></script><script type="text/javascript"> $(document).ready(function(){ var currentPosition = 0; var slideWidth = 655; var slides = $('.slide'); var numberOfSlides = slides.length; // Remove scrollbar in JS $('#slidesContainer').css('overflow', 'hidden'); // Wrap all .slides with #slideInner div slides .wrapAll('<div id="slideInner"></div>') // Float left to display horizontally, readjust .slides width .css({ <p><a href="http://www.vccircle.com/500/news/vccircle-survey-12-13-to-be-a-good-vintage-year-for-pevc-funds">read more</a></p> http://www.vccircle.com/500/news/vccircle-survey-12-13-to-be-a-good-vintage-year-for-pevc-funds#comments Fri, 03 Feb 2012 21:21:31 +0530 bhawna 13317 at http://www.vccircle.com http://www.vccircle.com/500/news/tata-capital-files-winding-up-petition-against-lilliput-kidswear <p>After falling out with its private equity investors Bain Capital and TPG over alleged inappropriate accounting practices, apparel retailer Lilliput Kidswear Ltd is now facing trouble on another front. One of its lenders, Tata Capital, has filed a winding up petition in the Delhi High Court to recover the outstanding debt amounting to Rs 10 crore.</p> <p>Lilliput had apparently defaulted on the loan last October, following which rating agency ICRA downgraded the long-term debt note of the company. Bank of India is another lender to Lilliput.</p> <p><a href="http://www.vccircle.com/500/news/tata-capital-files-winding-up-petition-against-lilliput-kidswear">read more</a></p> http://www.vccircle.com/500/news/tata-capital-files-winding-up-petition-against-lilliput-kidswear#comments Thu, 02 Feb 2012 16:33:11 +0530 bhawna 13300 at http://www.vccircle.com http://www.vccircle.com/500/news/vc-backed-indiahomes-raises-4m-eyes-another-6m-funding <p>Delhi-based IndiaHomes (formerly Agni Property Services Pvt Ltd), a property services company, has raised $4 million from existing backers Helion Venture Capital and Foundation Capital. The firm is seeking to raise another $6 million in the coming fiscal.</p> <p><a href="http://www.vccircle.com/500/news/vc-backed-indiahomes-raises-4m-eyes-another-6m-funding">read more</a></p> http://www.vccircle.com/500/news/vc-backed-indiahomes-raises-4m-eyes-another-6m-funding#comments Fri, 03 Feb 2012 20:59:24 +0530 bhawna 13316 at http://www.vccircle.com http://www.vccircle.com/500/news/investors-seek-things-to-like-on-facebook <p>A solid online advertising business &ndash; though not quite the juggernaut that some had hoped - and with key questions still hanging over the value of &ldquo;social&rdquo; and mobile advertising to the world&rsquo;s big consumer brands.</p> <p>That has been the verdict from analysts and investors in the wake of Facebook&rsquo;s IPO filing. The paperwork, which gave the first in-depth look at the company&rsquo;s finances, has paved the way for a debut on Wall Street expected in May.</p> <p><a href="http://www.vccircle.com/500/news/investors-seek-things-to-like-on-facebook">read more</a></p> http://www.vccircle.com/500/news/investors-seek-things-to-like-on-facebook#comments Fri, 03 Feb 2012 12:26:38 +0530 bhawna 13310 at http://www.vccircle.com http://www.vccircle.com/500/news/pe-owned-bpo-firms-wns-exlservice-announce-share-sales <p>Even as private equity majors continue to make the best of the rally in the Indian stock markets, they have lined two outsourcing companies for share sales. The two sales together could rake in over $200 million for the PE-backers of these companies, according to VCCircle&rsquo;s analysis of the current share prices of these companies.</p> <p><a href="http://www.vccircle.com/500/news/pe-owned-bpo-firms-wns-exlservice-announce-share-sales">read more</a></p> http://www.vccircle.com/500/news/pe-owned-bpo-firms-wns-exlservice-announce-share-sales#comments Thu, 02 Feb 2012 14:59:14 +0530 bhawna 13298 at http://www.vccircle.com http://www.vccircle.com/500/news/telenor-may-quit-india-after-licences-revoked <p>Norwegian telecom firm Telenor could quit India now after the Supreme Court revoked its mobile licences and not wait for new market rules to be introduced, the company's chief executive told Reuters.</p> <p>The Supreme Court on Thursday revoked 122 telecoms licences issued under a scandal-tainted 2008 sale, including 22 licences Telenor holds via Uninor, a joint venture with real estate firm Unitech.</p> <p>Affected licence holders can operate for four months, during which regulators will come up with new market rules.</p> <p><a href="http://www.vccircle.com/500/news/telenor-may-quit-india-after-licences-revoked">read more</a></p> http://www.vccircle.com/500/news/telenor-may-quit-india-after-licences-revoked#comments Fri, 03 Feb 2012 10:42:01 +0530 bhawna 13308 at http://www.vccircle.com http://www.vccircle.com/500/news/vc-backed-persistent-systems-acquires-location-biz-from-openwave <p>Pune-based Persistent Systems Ltd has acquired the &lsquo;Location&rsquo; business of California's mobile Internet software solutions company Openwave Systems, Inc., for an undisclosed sum, the company has disclosed in a statement.</p> <p>Although details of this &lsquo;Location&rsquo; business and the number of people working for the unit are not immediately known, Openwave is into location infrastructure and applications for both emergency and commercial location services.</p> <p><a href="http://www.vccircle.com/500/news/vc-backed-persistent-systems-acquires-location-biz-from-openwave">read more</a></p> http://www.vccircle.com/500/news/vc-backed-persistent-systems-acquires-location-biz-from-openwave#comments Fri, 03 Feb 2012 16:10:25 +0530 bhawna 13312 at http://www.vccircle.com http://www.vccircle.com/500/news/stanchart-pes-midmarket-team-invests-25m-in-bush-foods-0 <div id="slideshow"> <div id="slidesContainer"> <div class="slide"> <p>The mid-market team of Standard Chartered Private Equity has invested Rs 110 crore ($25 million) for an undisclosed stake in Delhi based ready-to-eat manufacturers Bush Foods Overseas Pvt Ltd, sources close to the development told VCCircle. When contacted, StanChart officials refused to confirm the investment.</p> <p><a href="http://www.vccircle.com/500/news/stanchart-pes-midmarket-team-invests-25m-in-bush-foods-0">read more</a></p> http://www.vccircle.com/500/news/stanchart-pes-midmarket-team-invests-25m-in-bush-foods-0#comments Fri, 03 Feb 2012 17:02:51 +0530 bhawna 13314 at http://www.vccircle.com http://www.vccircle.com/500/news/top-picks-from-techcirclein-47 <p><a href="http://techcircle.vccircle.com/500/amazon-serves-an-indian-appetiser-takes-the-wraps-off-e-com-referral-site-junglee-com/">Amazon Serves An Indian Appetiser; Takes The Wraps Off E-com Referral Site Junglee.com</a></p> <p><a href="http://techcircle.vccircle.com/500/we-are-here-to-collaborate-not-compete-anil-srivatsa-ceo-co-founder-venturenet-partners/">We Are Here To Collaborate, Not Compete: Anil Srivatsa, CEO &amp; Co-founder Of SpotRadio &amp; Radiowalla</a></p> <p><a href="http://www.vccircle.com/500/news/top-picks-from-techcirclein-47">read more</a></p> http://www.vccircle.com/500/news/top-picks-from-techcirclein-47#comments Thu, 02 Feb 2012 18:44:02 +0530 bhawna 13304 at http://www.vccircle.com http://www.vccircle.com/500/news/top-picks-from-techcirclein-48 <p><a href="http://techcircle.vccircle.com/500/after-twitter-google-to-censor-content-but-leaves-a-window-for-readers-to-get-around-it/">After Twitter, Google To Censor Content But Leaves A Window For Readers To Get Around It</a></p> <p><a href="http://techcircle.vccircle.com/500/will-internet-mobile-pan-out-e-com-the-offline-online-retail-dilemma-notes-from-internet-retail-expo/">Will Internet Mobile Pan Out E-com &amp; The Offline-Online Retail Dilemma: Notes From Internet Retail Expo</a></p> <p><a href="http://www.vccircle.com/500/news/top-picks-from-techcirclein-48">read more</a></p> http://www.vccircle.com/500/news/top-picks-from-techcirclein-48#comments Fri, 03 Feb 2012 18:44:47 +0530 bhawna 13315 at http://www.vccircle.com http://www.vccircle.com/500/news/blackstone-controlled-gokaldas-exports-q3-loss-doubles <p>Blackstone-controlled apparel company Gokaldas Exports Ltd has seen its Q3 (ended December 2011) net loss more than double over the year-ago period, in spite of improved operational efficiency. The company continued to see pressure on revenue besides mark-to-market losses due to forex fluctuations.</p> <p>Consolidated net loss for the quarter rose to Rs 37.75 crore, compared to the loss of Rs 16.61 crore in the same quarter the previous year. On a sequential basis, its net loss rose 30 per cent, compared to Q2 FY12.</p> <p><a href="http://www.vccircle.com/500/news/blackstone-controlled-gokaldas-exports-q3-loss-doubles">read more</a></p> http://www.vccircle.com/500/news/blackstone-controlled-gokaldas-exports-q3-loss-doubles#comments Fri, 03 Feb 2012 16:56:17 +0530 bhawna 13313 at http://www.vccircle.com http://www.vccircle.com/500/news/binani-industries-acquires-belgian-fibreglass-firm-3b-for-360m <p><img width="200" height="100" align="right" alt="" src="/files/15/binani-logo.jpg" />Binani Industries Ltd, the public-listed holding company of Braj Binani Group, has acquired Belgium&rsquo;s fibreglass products and technologies company 3B from US-based private equity firm Platinum Equity for &euro;275 million ($360 million or Rs 1,796 crore), the company has disclosed in a statement today.</p> <p><a href="http://www.vccircle.com/500/news/binani-industries-acquires-belgian-fibreglass-firm-3b-for-360m">read more</a></p> http://www.vccircle.com/500/news/binani-industries-acquires-belgian-fibreglass-firm-3b-for-360m#comments Thu, 02 Feb 2012 17:20:27 +0530 bhawna 13301 at http://www.vccircle.com http://www.vccircle.com/500/news/aanjaneya-lifecare-acquires-apex-drugs-for-rs-250cr <p>Aanjaneya Lifecare Ltd, a Mumbai-based pharmaceutical company, has acquired Hyderabad-based Apex Drugs and Intermediaries Ltd, an integrated API and pharma intermediates manufacturing firm. The deal has been valued at Rs 250 crore, with debt of Rs 185 crore and an equity dilution of Rs 65 crore, the company has said in a statement.</p> <p><a href="http://www.vccircle.com/500/news/aanjaneya-lifecare-acquires-apex-drugs-for-rs-250cr">read more</a></p> http://www.vccircle.com/500/news/aanjaneya-lifecare-acquires-apex-drugs-for-rs-250cr#comments Thu, 02 Feb 2012 18:08:35 +0530 bhawna 13303 at http://www.vccircle.com http://www.vccircle.com/500/news/services-sector-expands-at-fastest-pace-in-6-months <p>India's services sector grew at its fastest pace in six months during January as new business swelled, extending the previous couple of months' positive trend into the new calendar year, a survey showed.</p> <p>The HSBC Business Activity Index, compiled by Markit and based on a survey of around 400 firms, bounced to 58.0 in January from 54.2 in December.</p> <p>That was the third month the index has been above the 50-mark separating growth from contraction.</p> <p><a href="http://www.vccircle.com/500/news/services-sector-expands-at-fastest-pace-in-6-months">read more</a></p> http://www.vccircle.com/500/news/services-sector-expands-at-fastest-pace-in-6-months#comments Fri, 03 Feb 2012 11:39:07 +0530 bhawna 13309 at http://www.vccircle.com http://www.vccircle.com/500/news/supreme-court-quashes-122-telecoms-licences <p>The Supreme Court on Thursday revoked all 122 telecoms licences issued under a scandal-tainted 2008 sale, a fresh embarrassment for the government and plunging the mobile network market of Asia's third-largest economy into uncertainty.</p> <p>The ruling is a setback for Prime Minister Manmohan Singh's government, which oversaw the sale of the licenses at below-market prices, costing the exchequer up to $36 billion in lost revenues.</p> <p>The licences affected by Thursday's ruling include all of those held by Unitech Wireless, the Indian joint venture of Norway's Telenor and Unitech.</p> <p><a href="http://www.vccircle.com/500/news/supreme-court-quashes-122-telecoms-licences">read more</a></p> http://www.vccircle.com/500/news/supreme-court-quashes-122-telecoms-licences#comments Thu, 02 Feb 2012 11:25:35 +0530 bhawna 13295 at http://www.vccircle.com