Jul 14, 2016 - Sidbi picks eight ventures to invest Rs 428 cr in startups

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Sree Vijaykumar From the Editor's Desk Most Securities and Exchange Commission filings are dry affairs. LinkedIn's latest, a proxy statement that details its acquisition by Microsoft and the interest of four other suitors, is a lively one! There were 4 suitors for Linkedin, parties A, B, C and D. Party A was Salesforce and the other potential suitors - Party B and Party D - were Google and Facebook, respectively. We do not yet know who Party C is. Continue reading Sidbi picks eight ventures to invest Rs 428 cr in startups The committee recommended 8 proposals for an aggregate corpus support of around Rs 428 crore from the Fund of Funds for Startups as announced by PM Modi Morgan Stanley to purchase 20% stake in ZCL Chemicals for Rs 180 crore Nihar Parikh, executive director of ZCL, declined to comment on the fund raising and stake sale plans of the company. Kotak Mahindra's PE fund to raise fund of $300-350 million from global institution investors A soft launch is an exercise where the fund managers reach out to prospective investors to gauge the investment sentiment before sending a formal offer. State-owned lenders saddled with bad loans are focused less on growth, say analysts Analysts said the loan recovery process for these banks may stretch for years due to slow legal process and delays in resolution of bad assets. Bharat Financial Inclusion to raise Rs600 crore via QIP Fund-raising will help Bharat Financial Inclusion, earlier known as SKS Microfinance, shore up its capital base, which will help it increase its lending ability Organic food maker Sresta looks for a buyer, deal likely at $100 mn PE funds Peepul Capital and Ventureast will sell their stakes and the promoters will dilute their holding Proposing 49% FDI in print: too little, too late Going by the verdict of experts in the media sector, India may continue to be starved for foreign investments in newspapers even if the government finally clears the proposal allowing 49% FDI in the segment You can make 3 times more money by betting on stocks in Pakistan than in India The KSE30 has given 18% returns so far this year, making it the best-performing Asian index. Compared with that, the BSE Sensex has given just 6%. Fairfax India buys 51% stake in Privi Organics Fairfax India Holdings Corporation to acquire 51 per cent equity ownership of Privi Organics for a consideration of approximately Rs 3.7 billion (approximately $55 million at current exchange rates). Fairfax has entered into a share subscription How new accounting standards will impact Indian companies ​The transition will have a considerable impact on the computation of revenue, operating profit, net profit, and networth of the listed companies. How an element of bullishness is driving investors in bond markets The benchmark bond yield slipped six basis points to 7.28% on Wednesday, a closing level last seen on June 19 three years ago. Why foreign investors are wary of India's high PE The past data shows that buying by foreign portfolio investors (FPIs) in Indian equities picks up once at a one-year forward priceearnings (PE) multiple of 15.5 or lower. Private banks eating into retail loans market share of PSBs Kotak Bank, HDFC Bank, DCB Bank, IndusInd Bank and Yes Bank have seen the highest growth in retail loans segment for the fiscal gone by. Understanding the risks of debt mutual funds Unlike bank deposits, debt MFs offer neither assured returns nor guarantee the principal amount, as they are subject to market risks Marico eyes revenue of Rs10,000 crore in five years Consumer goods firm plans to boost position in emerging markets; overseas business fetched 22% of its sales in fiscal 2016 Cabinet approves stake sale in NBCC India Cabinet approves the proposal of follow-on public offer by NBCC India to divest the central government’s stake in the company In India, private equity firms see new allure in old world retail Indian ecomm is toughing ever newer highs. Yet some investors are pouring money into retail mainstays of a bygone era - shopping malls. Power Grid’s Rs1 trillion expansion to back Modi’s economic, strategic goals Power Grid is also planning an overseas expansion by bidding for global transmission projects jointly with private players Banks' state debt pile at stake as India braces for Basel battle With 30% of their assets in state debt, Indias lenders would take a hit if the Basel Committee raised capital requirements on sovereign bonds. Banks’ state debt pile at stake as India braces for Basel battle With 30% of their assets in state debt, Indias lenders would take a hit if the Basel Committee raised capital requirements on sovereign bonds. Temasek, ChrysCap eye Rs 600cr stake in Hero FinCorp Baring Asia has been chasing deals in Indian financial services, healthcare and software exports as it seeks to invest $1 billion afresh in the country . Former CVC to help banks clean up rising NPAs Faced with what bankers describe as "undue oversight" from agencies such as CVC, CBI and Comptroller & Auditor General, lenders were seen to be moving slowly on disposing of assets Indian economy can have 25% share of manufacturing by 2025: Report The manufacturing sector is expected to be the major driver of growth in the coming decade Chinese corporation to bid for Rs 40000 crore highway contract in India This would be the single largest foreign investment in the countrys roads sector if the Chinese co succeeds in fulfilling the criteria set by the govt. Aditya Birla's Trendin will be a separate portal While the platform is fully functional now, the transition will take place in a phased manner when all the websites are up and running, according to one source. Tesco JV sees 8 per cent growth in Q1 In FY16 the like-for-like sales growth of Star Bazaar stores was 9.2 per cent as against 1.1 per cent in the preceding year, revealed data Here's How Walmart Is Making Sure Its Produce Stays Fresh Walmart deploys special carts to reduce food waste and make sure its assortment is fresher. Urban Tailor raises funds from Unitus Seed Fund and retail industry veteran Urban Tailor, a Bengaluru-based venture that stitches customised women’s everyday wear Furniture retailer Ikea to invest Rs 1500 crore in Mumbai Ikea, which has been sourcing from India for its stores worldwide for three decades, plans to add suppliers and double its sourcing volumes by 2020. Consumers tightfisted, fast food companies try out discount recipe With buyers tightfisted, Big fast-food brands like Costa Coffee, Pizza Hut, Dunkin' Donuts, KFC and Domino's are trying hard to bait them with 'deep' discounts Private equity firms see new allure in old world retail in India Online upstarts are under pressure from investors to produce returns, and this, combined with government regulation to ease online discounts, is reducing their advantage Retail inflation hits 22-month high in June Consumer Price Index (CPI) rose 5.77 per cent in June compared with 5.76 per cent rise in May, data released by the statistics office showed on Tuesday. Skype Launches New Linux Client; Calling on Chrome, Chromebooks The upgraded Linux client features a new user interface; the ability to share files, photos, and videos; and emoticons. Commercial launch of Reliance Jio's 4G services could take place in August The telco, in early June, also launched Jio.com, the website through which consumers can register and obtain Jio connections. Trai Mulls Ombudsman to Help Resolve Service Quality Issues Trai plans to release a consultation paper in a fortnight to deliberate on the institutional arrangement that should be adopted to improve efficiency of the consumer grievance redressal framework. 'Make in India' Indus replaces iOS as second highest OS on mobile phones in India: Know all about it While the government has been talking about Make-in-India, the best representation of the programme comes in the form of India’s first regional operating system (OS), Indus. Ericsson beefs up leadership team, moves three senior executives to India A person aware of the development told ET that Jose Luis Serrato has moved to India as vice president and head of network services. Foxconn to start manufacturing phones at Mumbai plant from August iPhone maker Foxconn is likely to begin manufacturing mobile phones from its second India factory near here from next month.   Flipkart chief technical officer Peeyush Ranjan doesnt believe Alexa, the voice-assistant that powers Amazons Echo devices Flipkart chief technical officer Peeyush Ranjan doesn’t believe Alexa, the voice-assistant that powers Amazon’s Echo devices, “as it is will work in India,” the executive said on stage at VentureBeat’s MobileBeat conference. Snapdeal tweaks seller policies, junks 'no questions asked' returns Snapdeal has tweaked its return policies for electronic items, which will now make it difficult for customers to return them. Read more on India TV News ShopClues announces a strategic partnership with StoreKing; aims at boosting the company's presence in tier-II and -III cities and rural areas A committee under the chairmanship of Minister of State for Consumer Affairs C R Chaudhary will consider mechanism for setting up four regional centres of helpline. Office space take up witnesses 46% on-quarter rise in April-June, CBRE IT/ITeS continued to be the largest demand driver for office space, recording over 50% of the total leasing activity recorded in the quarter. 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