Edelweiss out to raise domestic real estate fund
Edelweiss Financial Services Ltd is raising a domestic real estate investment fund, three people close to the development told VCCircle, as the company ramps up its focus on the sector after last year announcing plans to scoop up $1 billion from offshore markets.The financial services company joins a host of ......
News Round Up: Gopinath Offloads Stake in Kingfisher
Skyline To Raise Rs 60 cr For Its Bangalore ResidenciesSkyline Group is planning to raise Rs 50-60 crore, through a mix of private equity and debt, for its construction of two serviced residences with a total of 210 units on Hosur road and Bellary road in Bangalore. The residencies will ......
Paytm hires two ex-Citibank execs for its payments bank
Mobile payments and commerce platform Paytm, run by One97 Communications Pvt. Ltd, has hired Ruchita Taneja Aggarwal and......
Losses of top 10 e-commerce companies in India soar, show VCCEdge data
The combined losses of India’s top 10 e-commerce companies quadrupled to Rs 5,157 crore for 2014-15 from the year ......
Bennett, Coleman Eyeing UK’s Trinity Mirror?
Normal 0 MicrosoftInternetExplorer4 st1:*{behavior:url(#ieooui) } /* Style Definitions */ table.MsoNormalTable {mso-style-name:"Table Normal"; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-parent:""; mso-padding-alt:0in 5.4pt 0in 5.4pt; mso-para-margin:0in; mso-para-margin-bottom:.0001pt; mso-pagination:widow-orphan; font-size:10.0pt; font-family:"Times New Roman";} Is Indian media group Bennett, Coleman & Co eyeing another cheap ......
IAN to step up investment pace this year
The Indian Angel Network (IAN) will fund at least as many startups this financial year as it did last year and may even exceed the number, president Padmaja Ruparel said.The country’s largest group of angel investors has so far this year surpassed last year’s deal-making pace. It sealed one funding ......
Cox & Kings divests majority stake in hotel booking website LateRooms, Superbreak
Mumbai-based tour and travel firm Cox & Kings (C&K) Ltd has spun off a newly acquired hotel booking website LateRooms.com besides a short breaks travel agency Superbreak into a joint venture with a private equity firm.C&K said on Monday that it is selling LateRooms.com and Superbreak for about £29.25 million ......
Narenda Modi govt eases FDI norms in aviation, defence
The National Democratic Alliance government on Monday announced a slew of measures allowing 100% foreign direct investment (FDI) through the automatic route in several strategically important sectors such as aviation.Domestic airlines, brownfield airports, direct-to-home networks, mobile television, greenfield pharmaceuticals are some of the sectors in which the 100% FDI under ......
HIM Group to acquire 55% stake in auto component maker Gujarat Automotive for $3.6M
HIM Group, through its privately held flagship company HIM Teknoforge Ltd and associate firm Globe Precision Industries Pvt Ltd, has entered into a definitive agreement to acquire 55 per cent stake in Vadodara-based Gujarat Automotive Gears Ltd (GAGL) from its promoters for Rs 21.8 crore ($3.6 million).The group has also ......
News Roundup: DFJ to sell India VC portfolio and other stories
US-based venture capital firm Draper Fisher Jurvetson (DFJ) has sold almost its entire Indian portfolio to Hong Kong-based NewQuest Capital Partners.The Silicon Valley investor has offloaded its stake in eight to 10 Indian companies including travel website Cleartrip, electronic-waste management firm Attero Recycling, renewable energy company Bharat Light and Power, ......
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