"We Will Look At Opportunities In TMT Sectors; Capital No Constraint
Harshal Shah was appointed last month as the CEO of Reliance Technology Ventures Pvt. Ltd., which is considered “the ......
Telcos likely to challenge one-time spectrum fee
India's leading cellular carriers are likely to challenge a government demand for surcharges totalling more than $4 billion on their airwave holdings, an industry official said.India traditionally sold airwaves bundled with permits at a low state-set price, but following a scandal over the grant process a recent auction of second-generation ......
JustDial Raises $10M From Sequoia & SAP Ventures
Mumbai-based JustDial, which runs an India-specific local business listings site, has raised $10 million from Sequoia Capital Global Equities and SAP Ventures, the company said on Monday.This comes as a fresh round of investment from Sequoia. In mid-2009, Sequoia Capital India had picked up a little over 10 percent stake from ......
Former Essel Financial CEO raises $65M realty fund, planning another fund
The former chief executive officer of Essel Financial Services Amit Goenka has raised a residential real estate focused fund with a corpus of $65 million (Rs 400 crore). This development comes almost a year after Goenka moved on from Essel.The fund has been raised under Nisus Finance Services Co Pvt ......
Palliatives for dodgy state-level GDP data
India’s Central Statistics Office (CSO) has been churning out some very counter-intuitive data over the past two years. For example, according to CSO data, gross domestic product growth ‘accelerated’ in FY16 versus FY15. However, this makes little sense as the majority of real economy indicators (e.g. non-oil bank credit, coal ......
Process9 raises pre-Series A funding
Gurgaon-based Process Nine Technologies Pvt Ltd, which offers online translation and transliteration from English to Indian languages via a cloud-based application programming interface (API), has raised an undisclosed amount in a pre-Series A round of funding, its co-founder told VCCircle.The investors participated in the current round of funding include Indian ......
Investors find nothing amiss in Bansal vs Bahl
When Rahul Yadav, the former CEO of real estate portal Housing.com, took to public platforms to lash out at his investors and rivals, the industry was shocked and enraged at the brashness of the 26-year-old. The larger investing community was openly critical of the manner in which the poster boy ......
HCL Technologies to buy Geometric for around $200M
Shiv Nadar-founded HCL Technologies has agreed to buy the IT services business of Mumbai-based Geometric, except a joint venture the latter has with Dassault Systèmes SA, in an all-stock deal valued around Rs 1,300 crore (around $200 million). The deal will help HCL broaden its engineering and automotive services portfolio.Geometric, ......
Supreme Court bars Bharti from adding new 3G clients in 7 zones
Bharti Airtel cannot add new 3G customers in seven zones where it does not own the airwaves and offers the services through pacts with other carriers, the Supreme Court said on Thursday, pending a final ruling in the dispute.Bharti can, however, continue 3G services in the zones for its existing ......
Religare Health Trust names Gurpreet Dhillon as CEO
Religare Health Trust (RHT), a wholly owned subsidiary of Delhi-based Religare Enterprise Ltd (REL), has named Gurpreet Dhillon as CEO of the company. Earlier, Dhillon was working as the executive director and COO of RHT.The company has made this move to separate the roles of executive chairman and chief executive ......
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