Kan. Bioscience Authority providing $50 million for venture capital investmentsOctober 8th, 2009 Bioscience group grants $50 million for investmentOLATHE, Kan. — The Kansas Bioscience Authority is providing $50 million to increase the amount of investment dollars available for Kansas-based life science companies.
Lawmakers split on proposals to revamp financial rules affecting investorsOctober 6th, 2009 Lawmakers split on investor-related proposalsWASHINGTON — Regulators and investor advocates voiced support Tuesday for a proposal that addresses consumer protection and would bring investment funds under government supervision as part of Congress' efforts to revamp the U.S. financial rule book.
Government, industry body to jointly promote IndiaSeptember 10th, 2009 NEW DELHI - The government Thursday gave its approval for constituting a joint venture company, Invest India, to promote the country as an investment destination for foreign companies. The proposed company will be a joint venture between the government of India, Federation of Indian Chambers of Commerce and Industry and the state governments, an official statement said.
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.
Record number of corporate bankruptcies in the Netherlands in first half of 2009August 12th, 2009 Record number of Dutch bankruptcies in H1 2009AMSTERDAM — A record number of companies went bankrupt in the first half of 2009, the country's Central Bureau for Statistics said Wednesday. In all 3,500 businesses went bankrupt, double the number that failed last year and the most since the agency began keeping data in 1981.
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.
Texmaco to make Metro coaches with Japanese firmsJuly 23rd, 2009 KOLKATA - KK Birla group company Texmaco Ltd is in the last leg of finalising a joint venture with three Japanese companies led by Kawasaki to make Metro rail coaches, a top official said here Thursday. Texmaco will be part of the alliance through its newly formed 50:50 joint venture with the United Group of Australia.
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.
Administration's proposal would give SEC oversight of hedge funds, other private capital poolsJuly 15th, 2009 Plan would give SEC oversight of hedge fundsWASHINGTON — The Obama administration has sent legislation to Congress that would bring hedge funds and other private pools of capital under government supervision. The proposal calls for the Securities and Exchange Commission to oversee hedge, private equity and venture capital funds.
Foreign investment proposals worth Rs.85 crore okayedJuly 1st, 2009 NEW DELHI - The government Wednesday approved 21 foreign investment proposals amounting to Rs.84.9 crore ($17.78 million). Prominent among the proposals approved by the Foreign Investment Promotion Board (FIPB) is one by Germany's BASF, which plans to invest Rs.63 crore to manufacture speciality chemicals and trade in commoditised products.
Red Fort Capital to invest Rs.90 crore in Parsvnath projectJune 11th, 2009 NEW DELHI - Private equity fund Red Fort Capital will invest Rs.90 crore in a luxury residential project in the capital being developed by realty major Parsvnath, the realtor said Thursday. According to an agreement reached between the two firms, Red Fort will pick up 18 percent equity interest in the project, expected to be completed in three years and generate revenues of about Rs.1,300 crore.
'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.
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.
Kerala wants enhanced partnership with central public firmsFebruary 2nd, 2009 NEW DELHI - Kerala is eager to enhance business ties with central public sector undertakings (PSU) to 'modernise and strengthen' the state's public sector, Industries and Commerce Minister Elamaram Kareem said here Tuesday. Speaking after Kerala Electrical & Allied Engineering Co.
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