Corning Inc. acquires labware maker Axygen Bioscience for about $400 millionSeptember 16th, 2009 Corning buys Axygen Bioscience for $400 millionROCHESTER, N.Y. — Specialty glass pioneer Corning Inc.
Meridian Bioscience sets 2010 profit guidance within Wall Street expectationsSeptember 15th, 2009 Meridian sets 2010 outlook within Wall Street viewCINCINNATI — Meridian Bioscience Inc. on Tuesday set its fiscal 2010 profit guidance within Wall Street expectations and reaffirmed its fiscal 2009 outlook.
Kerala signs accord with Gas Authority for pipeline networkSeptember 14th, 2009 THIRUVANANTHAPURAM - Kerala State Industrial Development Corp (KSIDC), the investment promotion agency of the state government, has tied up with Gas Authority of India Ltd (GAIL) for developing gas pipeline infrastructure. The partnership will lead to attracting investments to the tune of Rs.8,500 crore in the state, officials said.
Kimco Realty repays $145M credit facility debtAugust 27th, 2009 Kimco Realty repays $145M debtNEW HYDE PARK, N.Y. — Real estate investment trust Kimco Realty Corp.
Life Insurance Corp to set up housing venture capitalAugust 24th, 2009 Indo-ASIAN NEWS SERVICE
CHENNAI - Life Insurance Corp of India (LIC) and its associates will hold a majority stake in the real estate venture capital fund to be floated by LIC Housing Finance Ltd, says a top company official. "The majority stake will be with the LIC group.
Venture capitalists have little fancy for Indian start-upsJuly 27th, 2009 NEW DELHI - Dreamy-eyed Indian entrepreneurs hoping to talk their way into getting venture capital for their start-ups might as well look elsewhere for funding. It doesn't happen in India, not often anyway, investors and experts in the industry maintain.
Gunman reported at University of South Florida; students told to stay inside, lock doorsJuly 24th, 2009 Gunman reported on university campus in Fla.TAMPA, Fla. — The University of South Florida remained locked down Friday after someone reported a gunman on campus.
U of South Florida students told to resume activities after report of gunman prompted lockdownJuly 24th, 2009 Fla. school back to normal after report of gunmanTAMPA, Fla. — Students and staff at the University of South Florida were told to stay indoors Friday after a man called police to say he was on campus with a gun, but authorities never found him and no shots were fired.
Venture capitalists feeling less adventurous as investment pace slows to a 12-year lowJuly 21st, 2009 VC investments plunge 51 pct to $3.7 billion in 2QSAN FRANCISCO — Venture capitalists cut their U.S. investments in half during the spring, the second-consecutive quarter to mark a more than 50 percent decline, leaving the money flowing to startups at the slowest trickle in 12 years.
Venture capital firms invest $117 mn in first half of 2009July 15th, 2009 CHENNAI - Venture capital (VC) firms investment has fallen in the first six months of this year, as compared to the corresponding period in 2008, according to a study. The study, conducted by Venture intelligence, a leading research firm in the venture capital space, and Global India Venture Capital Association, said VC firms invested $117 million in 27 deals in India with fund inflow picking up in the last two months of the period under review.
Web star Andreessen bets his golden touch as entrepreneur will pay off as a venture capitalistJuly 6th, 2009 Andreessen making leap from entrepreneur to VCSAN FRANCISCO — Having built and sold two technology startups for a combined $11.7 billion, Marc Andreessen is ready to take a stab at finding the next Marc Andreessen. The co-founder of Web browsing pioneer Netscape Communications Corp.
'Venture capital funding hit by slowdown'May 12th, 2009 NEW DELHI - Venture capital (VC) funding has fallen nearly 25 percent in recent months on account of the global slowdown, industry officials said here Tuesday. 'There have been an overall dip of 25 percent in venture capital funding since last year,' Rahul Chandra, director of venture capital firm Helion Advisors, told IANS.
Foreign investment proposals worth Rs.6.16 bn clearedMarch 4th, 2009 NEW DELHI - A proposal from global hospitality major Accor to set up budget hotels in India is among the 28 foreign direct investment (FDI) proposals worth Rs.6.16 billion (Rs.616.08 crore/$119 million) cleared by the government, an official statement said Wednesday. Accor, which has 4,000 hotels across the world from economy to upscale, has made an investment of Rs.3.66 billion to develop and manage budget hotels under the name 'Formule 1'.
Joint venture for upgrading Nagpur airport approvedFebruary 10th, 2009 NEW DELHI - The government Wednesday approved a joint venture between the Airports Authority of India (AAI) and Maharashtra Airport Development Co (MADC) - promoted by the Maharashtra government - for developing the Nagpur airport as a multi-modal international passenger and cargo hub. The government in a statement said AAI, India's airports operator, would hold 49 percent while MADC will have a 51 percent equity in the joint venture.
IIM-Ahmedabad to host venture capital conference FridayFebruary 2nd, 2009 AHMEDABAD - The first edition of the 'Leverage 2009', a two-day venture capital and private equity conference, will begin Friday at the Indian Institute of Management-Ahmedabad (IIM-A). In the conference, industry experts, practitioners, advisers, academicians and students will talk on key issues and trends related to venture capitalists, private equity investors and entrepreneurs, organisers said Tuesday.