Venture

Everything you need to know about Venture: news, reviews, in-depth analysis, opinion and more

Everything you need to know about Venture: news, reviews, in-depth analysis, opinion and more

Indian, Nigerian teams win Africa business contest

May 18, 2013 at 12:14 PM

Johannesburg, May 18 (IANS) An Indian team comprising IITians and a Nigerian team promoting low-cost farm products have triumphed at an India-Africa business competition held here.

Amity Innovation Incubator brings investors, entrepreneurs closer

May 16, 2013 at 11:50 AM

Noida (Uttar Pradesh), May 16 (ANI): Amity Innovation Incubator, Amity Centre for Private Equity and Venture Capital together with TiE- The Indus Entrepreneurs organized "India Symposium-Connecting Investors to Opportunities" at India Habitat Centre, New Delhi for Entrepreneurs actively looking at raising Angel or Series A or Series B funding, Investors, Fund Managers and Professionals looking for a career move in Investor Community.

India-Africa festival opens in Johannesburg

May 14, 2013 at 4:22 PM

Johannesburg, May 14 (IANS) With an eclectic blend of cinema, music, art and photography exhibitions, entrepreneurs and bloggers workshops and panel discussions the 12-day Indiafrica Festival 2013 began here Monday aiming to reach out to the youth of South Africa. .

Indian American wins Wharton School award

April 26, 2013 at 2:44 PM

New York, April 26 (IANS) ZenKars, a venture of an Indian American and his friend, won the 2013 Perlman Prize at the 2013 Wharton Business Plan Competition.

Defence acquisition procedure amended to encourage Indian defence industry

April 20, 2013 at 4:36 PM

New Delhi, Apr. 20 (ANI): With the twin objective of infusing greater efficiency in the procurement process and strengthening the defence manufacturing base in the country, the Defence Acquisition Council, the apex decision making body of the Ministry of Defence, took a series of decisions today, including amendments to Defence Procurement Procedure (DPP).

Six FDI proposals worth Rs.732.77 crore approved

March 26, 2013 at 6:26 PM

New Delhi, March 26 (IANS) The government Tuesday said it has approved six proposals of foreign direct investment (FDI) amounting to Rs.732.77 crore.

New drug to combat malaria developed

March 22, 2013 at 10:25 AM

Washington, Mar 22 (ANI): Researchers from University of South Florida played a key role in an international multidisciplinary project that has yielded a promising new antimalarial drug with the potential to cure malaria and block its transmission with low doses.

New drug to combat malaria discovered

March 21, 2013 at 11:29 AM

Washington, Mar 21 (ANI): Researchers from University of South Florida played a key role in an international multidisciplinary project that has yielded a promising new antimalarial drug with the potential to cure malaria and block its transmission with low doses.

29 start-ups flag innovative products in Bangalore

March 20, 2013 at 9:53 PM

Bangalore, March 20 (IANS) Next generation entrepreneurs and start-ups came together to display 29 innovative products here Wednesday at 'Tech Circle Demo 2013', the Indian edition of the world's leading technology products platform.

28 Indian sailors hijacked by Somalian pirates returns safely to India

March 18, 2013 at 12:29 PM

28 rescued Indian sailors of MT Royal Grace and MT Smyrni, which were hijacked by Somalian pirates last year, have safely returned to India on Monday.

28 rescued Indian sailors to return Monday

March 17, 2013 at 10:38 PM

New Delhi, March 17 (IANS) A total of 28 rescued Indian seafarers aboard MT Royal Grace and MT Smyrni, which were hijacked by Somalian pirates last year, are set to return to India Monday.

Somali pirates free Indian sailors, row over numbers

March 9, 2013 at 8:43 PM

Chennai/New Delhi, March 9 (IANS) All 28 Indian sailors on two ships held by Somalian pirates have been freed and will soon be back in the country, Shipping Minister G.K. Vasan Saturday but official sources in the capital said only 17 sailors had been released from one ship.

New Zealand government to boost capital markets

February 27, 2013 at 1:55 PM

Wellington, Feb 27 (IANS) The New Zealand government Wednesday announced it will commit a further 60 million NZ dollars ($49.46 million) to its venture capital program and take steps to reduce interest rates on debt in a bid to boost the capital markets.

Nothing to hide on chopper deal: Antony

February 19, 2013 at 9:04 PM

New Delhi, Feb 19 (IANS) The government has nothing to hide in the VVIP chopper controversy and is prepared for a discussion in parliament, said Defence Minister A.K. Antony here Tuesday. He also refuted reports about his resignation.

Medical equipment firm Perfint looks at US, Chinese, Japanese markets

January 17, 2013 at 6:17 PM

Chennai, Jan 17 (IANS) With fresh funding of $11 million, city based medical equipment company Perfint Healthcare Pvt Ltd says it plans to commercialise its latest machine, expand its research and development (R&D) activity in the US and enter markets like the US, China and Japan.

Attune Technologies to increase headcount in India, expand market

December 10, 2012 at 5:04 PM

Chennai, Dec 10 (IANS) Armed with $6 million funding by Norwest Venture Partners, the Singapore-headquartered healthcare software company Attune Technologies will increase its headcount in India and expand in the Middle East and African markets, a top company official said.

NGOs campaign to free bonded labourers

October 31, 2012 at 8:20 PM

New Delhi, Oct 31 (IANS) Twenty-five-year-old Selvi Parthiban, rescued from bonded labour at a brick kiln, said she had been bonded for two years, and that her husband and seven-year-old son too were working at the same kiln.

Mumbai high on weekend book shelf (IANS Books this Week)

October 20, 2012 at 11:18 AM

New Delhi, Oct 20 (IANS) Books on the shelf this week take a leaf out of real life. And Mumbai with its contradictions wins...Browse with IANS.

Football festival with a difference

October 15, 2012 at 3:32 PM

New Delhi, Oct 15 (IANS) It was a football tournament with a difference, a promotional event for corporate houses, schools and non-governmental agencies. The Football Link International Festival 2012 attracted 400 teams.

IHO, Simplilearn and Skanray bag TiE awards

October 5, 2012 at 4:30 PM

New Delhi, Oct 5 (IANS) Three Indian companies -- Indian Health Organisation (IHO), Simplilearn and Skanray -- have been chosen out of 100 entrepreneurial entities for the TiE-Lumis Partners Excellence Awards.

Tata Motors September sales down 4 percent

October 1, 2012 at 6:06 PM

New Delhi, Oct 1 (IANS) Automobile major Tata Motors Monday reported a decline of four percent in its total sales, including exports, for the month of September at 75,773 units.

Five Indian Americans listed among Forbes 400 richest

September 20, 2012 at 11:16 AM

Five Indian-Americans have made it to the annual list of the richest people in America with Microsoft Corp chairman Bill Gates topping the list again with an asset $66 billion, up by $7 billion from 2011....

Five Indian Americans among Forbes 400 richest

September 20, 2012 at 8:59 AM

Washington, Sep 20 (IANS) Five Indian-Americans figure in the Forbes magazine's annual list of the richest people in America with Microsoft Corp chairman Bill Gates retaining his top spot with $66 billion, up $7 billion from 2011.

Foreign arbitration awards beyond Indian courts' jurisdiction, says SC

September 6, 2012 at 7:51 PM

New Delhi, Sep 6 (IANS) In a boost to foreign investors, the Supreme Court Thursday held that if an Indian investor chooses to go for arbitration with a foreign company abroad, the Indian courts will then have no jurisdiction to interfere with such an arbitration award.

Tata Motors logs 15 percent sales growth

August 1, 2012 at 6:43 PM

Chennai, Aug 1 (IANS) Tata Motors logged 15 percent sales growth in July over the corresponding month in 2011.

Jaiprakash hydroelectric project gets UNFCCC registration

June 28, 2012 at 7:40 PM

New Delhi, June 28 (IANS) Jaiprakash Power Venture Ltd. (JPVL) Thursday said its 1,000 MW hydroelectric project in Himachal Pradesh has been registered by the United Nations Framework Convention on Climate Change (UNFCCC) for clean development mechanism (CDM) benefits.

Instagram web traffic up 78 pct after Facebook purchase, Android app release

May 27, 2012 at 5:22 PM

Washington, May 27 (ANI): Photo-sharing social network Instagram has seen a 78 percent uptick in unique visitors after it launched its Android app, and was acquired by Facebook.

Facebook set to raise $16 bn with largest tech IPO

May 18, 2012 at 10:18 AM

Washington, May 18 (IANS) Pricing its IPO at $38 a share, Facebook, the highly popular social networking site that has over 45 million users in India, is expected to raise $16 billion, making it the largest tech IPO in history.

Lawnmower engine-powered car may reach 3300 mpg!

May 6, 2012 at 4:30 PM

Washington, May 6 (ANI): US student engineers are intending to break fuel barriers by designing a car with a lawnmower engine that could give a mileage of nearly about 3,300 miles per gallon.

Indian Americans in Forbes Midas List

May 4, 2012 at 12:14 PM

Washington, May 4 (IANS) Nine Indian origin entrepreneurs feature in this year's Forbes Midas List of technology's best investors for fuelling a bull market for hot young companies.

Tata Motors sales down 7 percent in April

May 1, 2012 at 2:50 PM

New Delhi, May 1 (IANS) Automobile major Tata Motors Tuesday reported a decline of 7 percent in its total sales including exports in April which stood at 60,086 units from 64,383 units sold in the corresponding period of last year.

Long wait for justice for abducted sailors' families

March 25, 2012 at 5:36 PM

Thiruvananthapuram, March 25 (IANS) The families of seven Indian sailors, on board 'MV Asphalt Venture' that was hijacked by Somali pirates in 2010, are wondering why the Indian government is taking so long to secure the release of the sailors. Some of them are to accompany Kerala Chief Minister Oommen Chandy when he goes to New Delhi Tuesday to discuss the issue with the central government.

Budget includes measures to allow corporates to access lower cost funds

March 16, 2012 at 9:39 PM

New Delhi, Mar 16 (ANI): Union Finance Minister Pranab Mukherjee today announced a slew of measures to allow corporates to access low cost funds and also to promote higher level of investments in several sectors.

Budget includes measures to allow corporates to access lower cost funds

March 16, 2012 at 2:25 PM

New Delhi, Mar 16 (ANI): Union Finance Minister Pranab Mukherjee today announced a slew of measures to allow corporates to access low cost funds and also to promote higher level of investments in several sectors.

Therapy to eradicate malaria comes closer to reality

February 23, 2012 at 8:29 PM

Washington, Feb 23 (ANI): Researchers have completed the first-ever comparative analysis of all currently available and in-development antimalarials in terms of the steps they target in the parasite's lifecycle.

Therapy to eradicate malaria comes closer to reality

February 23, 2012 at 1:48 PM

Washington, Feb 23 (ANI): Researchers have completed the first-ever comparative analysis of all currently available and in-development antimalarials in terms of the steps they target in the parasite's lifecycle.

Tipaimukh hydroelectric project would have no adverse effect on Bangladesh: MEA

November 22, 2011 at 7:01 PM

New Delhi, Nov. 22 (ANI): Amid concern over the Tipaimukh hydroelectric project, Ministry of External Affairs (MEA) spokesperson Vishnu Prakash said that it had been clarified to the Bangladesh Parliamentary delegation that the proposed project was a hydro-electric project with provision to control floods and that this would not involve diversion of water on account of irrigation.

Ecclestone may face Serious Fraud Office probe for paying $27m 'bribe'

November 19, 2011 at 5:03 PM

London, Nov 19(ANI): Formula One boss Bernie Ecclestone could be face a Serious Fraud Office(SFO) probe after admitting that he paid 27 million dollars to a banker to stay silent on his financial affairs.

Laurus Edutech partners with NSDC, to skill over 1.1 million people

October 18, 2011 at 10:43 PM

New Delhi, Oct 18 (ANI): Laurus Edutech, a leading skill development company, hasigned a memorandum of understanding (MOU) with National Skill Development Corporation (NSDC) to set up an SPV (Special Purpose Vehicle) jointly with an objective to train over 11 lakh students over the next 10 years by setting up over 540 centres.

Kashmir youth take to poultry farming

September 24, 2011 at 5:28 PM

Pulwama, Sep 24 (ANI): With an aim to increase employment opportunities for the young people in Jammu and Kashmir, authorities have initiated various schemes to encourage them into the arena of poultry farming.

NASA to check ground-level air pollution from space

June 24, 2011 at 12:40 PM

Washington, June 24 (ANI): NASA has launched a new mission called DISCOVER-AQ to enhance the capability of its satellites to measure ground-level air quality from space.

Cabinet approves FDI in limited liability partnership firms

May 11, 2011 at 9:30 PM

New Delhi, May 11 (ANI): The Cabinet Committee on Economic Affairs (CCEA) today approved the proposal to amend the policy on allowing Foreign Direct Investment (FDI) in Limited Liability Partnership (LLP) firms.

Indian Navy warship deployed near Somali coast to free sailors

April 19, 2011 at 12:44 PM

New Delhi, Apr 19 (ANI): The Indian Navy has sent a naval warship to the Somali coast in order to secure the release of seven of its citizens held captive by the pirates despite taking ransom.

India rejects Somali pirates swap offer

April 18, 2011 at 4:58 PM

New Delhi, Apr 18 (ANI): Minister for Overseas Affairs Vayalar Ravi today said that the government of India has rejected the swap offer made by Somali pirates in exchange of abducted Indian sailors.

EmSense's new gadget tracks brainwaves as you watch TV

April 18, 2011 at 4:00 PM

London, Apr 18 (ANI): US neuromarketing firm, EmSense, has launched what it describes as the first ever scalable, non-invasive psychological and brainwave measurement technology - made specifically for market research.

Somali pirates want Indian hostages swapped with jailed colleagues

April 16, 2011 at 12:02 PM

Mogadishu (Somalia), Apr 16 (ANI): Despite receiving a multimillion dollar ransom, the Somali pirates have kept the Indian hostages, and demanded release of their colleagues in India.

Shrill media voices adversely affecting Somalian hostage crisis

March 12, 2011 at 6:02 PM

New Delhi, Mar. 12 (ANI): Various nodal agencies of the Indian Government are in constant touch with shipping companies negotiating with Somali pirates for the release of Indians in the taken ships, but official sources here are of the opinion that the excessive media focus on the families of the hostages and strident criticism of the government would be counter-productive.

53 Indian sailors still under Somali pirates captivity

March 10, 2011 at 5:14 PM

New Delhi, Mar 10 (ANI): With the release of the RAK Afrikana, held by Somali pirates with 11 Indian sailors among its crew, the number of Indian sailors held by Somali pirates is now 53.

Europe Asia Business School launches Mumbai campus

December 20, 2010 at 11:45 AM

Pune/Mumbai, Dec. 20 (ANI): After creating a successful track record at its Pune campus, the Europe Asia Business School has now decided to bring its high quality MBA programs to Mumbai in partnership with GURUInc.

'US-based Man U owners forced to pay debts without using club funds'

November 17, 2010 at 5:13 PM

London, Nov 17(ANI): Manchester United's US-based owners have been forced to repay the club's high-interest 220 million pound payment in kind (PIK) loan without using club funds, the Manchester United Supporters Trust (MUST) has said.

Fergie labels modern-day footie players 'babies'

November 1, 2010 at 3:05 PM

London, Nov.1 (ANI): Manchester United coach Sir Alex Ferguson has labelled modern day players 'babies'.

Man U will not raid January transfer market: Ferguson

October 31, 2010 at 4:48 PM

London, Oct 31(ANI): Manchester United manager Sir Alex Ferguson has ruled out any transfer activity for the club in January.

Abducted Indian principal regains freedom in Nigeria

October 30, 2010 at 4:46 PM

Lagos (Nigeria, Africa), Oct. 30 (ANI): The Indian-born principal of the Exxon Mobil Pegasus Schools in Eket in southeast Nigeria's Akwa Ibom, Lakshmi Tombush, has been released.

Ferguson's 100 million pounds kitty to raid January transfer market

October 24, 2010 at 2:53 PM

London, Oct 24(ANI): Manchester United's owners have reportedly pledged to give 100 million pounds to manager Sir Alex Ferguson to buy new players.

India, Russia ink pact to jointly design, develop multi role transport aircraft

September 10, 2010 at 11:02 AM

New Delhi/Moscow, Sept.10 (ANI): India and Russia have signed a shareholders agreement to design and develop a Multirole Transport Aircraft (MTA) through a joint venture company (JVC).

Soon, eye movement-based lie detector test

July 17, 2010 at 1:09 PM

Washington, July 17 (ANI): Our eye movements have long been thought to reveal whether we are telling the truth or lying. Now a group of University of Utah researchers are using eye-tracking technology to pioneer a promising alternative to the polygraph for lie detection.

Pallam Raju calls for maintaining edge in conventional warfare

July 7, 2010 at 9:48 PM

New Delhi, July 7 (ANI): The Minister of State for Defence Dr. M.M. Pallam Raju on Wednesday called upon the Armed Forces to maintain the edge in conventional warfare.

IBF Media to host conference on cloud computing

February 23, 2010 at 9:24 PM

Bangalore, Feb 23 (ANI/Business Wire India): IBF Media announced today that it will be hosting a evening conference on Cloud Computing at the Ista Hotel in Bangalore on February 25, 2010 from 6pm to 10pm.

Man U 100 mn-pounds kitty to spend on players

February 1, 2010 at 1:53 PM

London, Feb 1 (ANI): Manchester United has 100 million pounds to spend on players and there are no problems with their debt, which has mounted to 716 million pounds.

Debt-ridden Man U swaps hot meals for packed lunches

January 24, 2010 at 3:59 PM

London, Jan 24(ANI): Debt-ridden Manchester United has discontinued free hot meals and soft drinks to their loyal workers' on match days as part of their cost cutting measures.

Man U CEO paid 1.8 million pounds despite mounting debts

January 21, 2010 at 1:42 PM

London, Jan.21 (ANI): Debt-ridden Manchester United amazingly paid its CEO David Gill 1.8-million-pounds last year.

GlaxoSmithKline to go public with malaria data

January 20, 2010 at 1:41 PM

London, January 20 (ANI): Reports indicate that GlaxoSmithKline is all set to go public with data regarding more than 13,500 structures of possible drugs against malaria, along with associated pharmacological data.

Tata Motors eye launching Nano car in U.S

January 6, 2010 at 2:43 PM

New Delhi, Jan 6 (ANI): Tata Motors may consider launching its ultra-cheap Nano car in the United States in three years, Group chairman Ratan Tata has said, following possible sales in Europe by the end of 2011.

Inc. India 500 launched - a peek into the next generation of India Inc.

December 23, 2009 at 2:59 PM

New Delhi, Dec 23 (ANI/Business Wire India): Inc. India, the soon-to-be launched publication for India's growth companies, released the Inc. India 500, a comprehensive research study of India's fastest growing midsized enterprises at Hotel Oberoi on December 17th.

Antony to begin three-day visit to Russia today

October 13, 2009 at 9:41 AM

New Delhi, Oct 13 (ANI): Defence Minister A K Antony will begin his three-day visit to Moscow from today to attend the Ninth meeting of the India-Russia Inter Governmental Commission on Military Technical Cooperation (IRIGC-MTC).

Antony to undertake three-day visit of Russia

October 9, 2009 at 1:20 PM

New Delhi, Oct.9 (ANI): Defence Minister A K Antony will undertake a three-day visit to Moscow from October 13 to attend the Ninth meeting of the India-Russia Inter Governmental Commission on Military Technical Cooperation (IRIGC-MTC).

West Bengal Government scraps Rajarhat IT park project

September 7, 2009 at 6:31 PM

Kolkata, Sep.7 (ANI): The West Bengal government on Monday scrapped plans for an IT-related township in the Rajarhat area near Salt Lake City in the wake of a land scam involving land sharks and government officials.

Australia, India sign AUD 25 billion Gorgon LNG Deal

August 19, 2009 at 12:48 PM

New Delhi, Aug.19 (ANI): Australia and India have signed their first ever long-term LNG contract. A Sales and Purchase Agreement between ExxonMobil and Petronet LNG of India was completed on August 10, 2009.

Green jobs sector poised for explosive growth

June 14, 2009 at 1:01 PM

Washington, June 14 (ANI): A new study has determined that green-collar workers, who include everyone from energy-efficiency consultants to wastewater plant operators, are poised for explosive growth as a segment of the US economy.

Pradeep Guha joins Vdopia's board of advisors

May 26, 2009 at 5:53 PM

New Delhi, May 26 (ANI/Business Wire India): Ex CEO of Zee TV, Pradeep Guha has joined the Board of Advisors of Vdopia, leading online video monetization player and premium video advertising platform targeting the most responsive and affluent audiences across devices.

Heat-tolerant coral reefs may survive global warming

May 21, 2009 at 12:52 PM

Washington, May 21 (ANI): Stanford University scientists have found evidence that some coral reefs are adapting to the climate change and may actually survive global warming.

'Venture capital funding hit by slowdown'

May 12, 2009 at 7:03 PM

New Delhi, May 12 (IANS) Venture capital (VC) funding has fallen nearly 25 percent in recent months on account of the global slowdown, industry officials said here Tuesday.

Gene therapy promises safe muscular dystrophy treatment

April 16, 2009 at 1:28 PM

Washington, April 16 (ANI): Researchers from the University of Florida (UF), Nationwide Children's Hospital in Columbus, Ohio, and The Ohio State University have safely transferred a gene to produce a protein necessary for healthy muscle fibre growth into three teenagers with limb-girdle muscular dystrophy.

Melodious evening celebrating 100 projects milestone

April 8, 2009 at 1:01 AM

Smile Foundation celebrated a melodious evening, 'Awaaz aur Andaaz' with coveted maestros and musicians from Delhi, Mr. Zulfi Khan, Ms. Meeta Pandit and Mr. Madhav Prasad.

I-Venture seeks inquiry into Subhiksha financial affairs

February 24, 2009 at 1:01 AM

The blame game between ICICI Ventures Ltd. and Subhiksha Trading Services, an emerging retail company, has reached at the extreme level.

Union Cabinet approves establishment of National Institute of Biomedical Genomics

February 23, 2009 at 10:09 PM

New Delhi, Feb 23 (ANI): The Union Cabinet on Monday gave its approval to the establishment of National Institute of Biomedical Genomics (NIBMG) at Kalyani in West Bengal as an autonomous institution under the aegis of Department of Biotechnology, Ministry of Science and Technology with the budgetary provision of Rs. 210 crores.

Karnik appointed head of Satyam board

February 7, 2009 at 1:01 AM

The veteran technocrats and former president of National Association of Software and Service Companies (NASSCOM) Kiran Karnik has been appointed as the chairman of the board of Satyam Computer Services on Friday.

Cabinet approves electric locomotive factory at Madhepura district

February 5, 2009 at 4:27 PM

New Delhi, Feb 5 (ANI): The Cabinet has approved Ministry of Railways' proposal for setting up green field electric and diesel locomotive factories at Madhepura and Marhowra in districts of Madhepura and Saran Bihar.

London to play host to first ever-global survey on neglected diseases research

February 3, 2009 at 10:06 PM

London, Feb.2 (ANI): A special event is being organized here this week to reveal the results of the first comprehensive survey of "Global Funding for Innovation for Neglected Diseases".

Intel Capital invests US$23 million in three Indian companies

January 14, 2009 at 4:18 PM

New Delhi, Jan 14 (ANI/Business Wire India): Intel Capital, Intel Corporation's global investment organization, today announced an investment of US$23 million in three Indian companies.

Stanford University sets up $100 mn green energy centre

January 14, 2009 at 11:26 AM

San Francisco, Jan 14 (DPA) Stanford University is launching a $100 million energy institute to fund research into batteries, solar cells and other aspects of green energy.

Central Government orders inspection of eight Satyam subsidiaries

January 8, 2009 at 9:48 PM

New Delhi/Hyderabad, Jan.8 (ANI): The Central Government on Thursday ordered a probe into the books of accounts of eight subsidiaries of Satyam Computer Services, a day after the company's former chairman and managing director, B Ramalinga Raju, admitted that the company had forged accounts.

Three more directors quit Satyam

December 30, 2008 at 1:01 AM

In a major development, India's fourth largest Information Technology firm, Satyam Computer Services, has further deepen into crisis as three more directors

Dana Gas makes new gas discovery in Egypt

December 30, 2008 at 10:27 AM

Nicosia, Dec 30 (ANI): Dana Gas country Director for Egypt Hany Elsharkawi has announced a new important gas and condensate discovery at the El Basant-2 well, in the West El Manzala Concession in the Nile Delta.

Ocimum Biosolutions CEO wins Astia and Biospectrum Awards

December 22, 2008 at 1:48 PM

Hyderabad/ Gaithersburg, Dec 16 (ANI/Business Wire India): Ocimum Biosolutions, a leading integrated genomics company, today announced that Anuradha Acharya, CEO, has been awarded the Astia Life Science Innovators Award and the Biospectrum Entrepreneur of the Year award.

Humans make first contact with magma

December 18, 2008 at 1:56 PM

Washington, Dec 18 (ANI): A drilling crew has accidentally become the first humans known to have drilled into magma, which is the melted form of rock that sometimes erupts to the surface as lava.

Microsoft launches BizSpark to jumpstart entrepreneurship

December 17, 2008 at 4:49 PM

Bangalore, Dec 17 (ANI/Business Wire India): Microsoft India today unveiled Microsoft BizSpark, a global program designed to accelerate the success of IT entrepreneurs through software support and a vibrant ecosystem in the country.

Bangalore declared as the "Nanocity of India"

December 14, 2008 at 1:14 PM

Bangalore, Dec 14 (ANI/Business Wire India): On the occasion of 2nd Bangalore Nano, Government of Karnataka has made a solemn proclamation to declare Bangalore as the "Nanocity of India".

Transafe Services profit up 130 percent

December 2, 2008 at 6:17 PM

Kolkata, Dec 2 (IANS) Logistics equipment provider Transafe Services Ltd posted a growth of 55 percent in turnover and 130 percent in profit after tax (PAT) in the first six months this fiscal compared to the year-ago period, the company announced here Tuesday.

Orient Green Power raises 55 Million dollar from Olympus Capital Holdings Asia

November 25, 2008 at 8:25 PM

Chennai, Nov 25 (ANI/Business Wire India): Orient Green Power ("OGPL" or "the Company"), a dedicated renewable energy generation company with operations in India, announced completion of a fund raise of 55 million dollar led by Olympus Capital Holdings Asia ("Olympus Capital").

India's premier MSME business plan challenge Sankalp 2009

November 11, 2008 at 2:09 PM

Mumbai, Nov 11 (ANI/Business Wire India): India Development Gateway (IDG), an innovative online portal, announced the launch of its first nationwide MSME (Micro, Small And Medium Enterprise) business plan challenge- Sankalp 2009 (www.indiadevelopmentgateway.com/sankalp) today.

Renuka Ramnath selected in top 25 non-bank women by us banker

October 6, 2008 at 8:00 PM

Mumbai, Oct 3 (ANI/Business Wire India): Renuka Ramnath, Managing Director and CEO of ICICI Venture Funds Management Company Ltd has been enlisted among the Top 25 non-bank women in finance by US Banker magazine.

Renuka Ramnath selected in top 25 non-bank women by us banker

January 1, 2008 at 12:00 AM

Mumbai, Oct 3 (ANI/Business Wire India): Renuka Ramnath, Managing Director and CEO of ICICI Venture Funds Management Company Ltd has been enlisted among the Top 25 non-bank women in finance by US Banker magazine.

Joint Venture SMA Eberspaecher Exhaust Systems Pvt. Ltd. extended considerably

January 1, 2008 at 12:00 AM

Pune, Sept 23 (ANI/Business Wire India): The Joint Venture SMA Eberspaecher Exhaust Systems Pvt. Ltd. will move to a modern 5000 square metre plant, which is built in Chakan near Pune.

India's growing economy attracts investors to inaugural Cleantech forum event

January 1, 2008 at 12:00 AM

Mumbai, Sept 12 (ANI/Business Wire India): As India's booming technology sector positions the country to become a center of Cleantech technology innovation, the Cleantech Group(TM), founder of the Cleantech investment category, today announced its inaugural Cleantech forum(R) in India.

Vanu, Inc. closes 32 million dollar investment

January 1, 2008 at 12:00 AM

Massachusetts/ New Delhi, Delhi, Sept 4, (ANI/Business Wire India): Vanu, Inc., a leading provider of software radio infrastructure solutions for cellular operators, today announced a 32 million dollar venture capital investment.

LIC annoyed over new IRDA guidelines

August 26, 2008 at 12:00 AM

India's largest life insurance company, the Life Insurance Corporation (LIC) of India is in great dilemma over the new issued guidelines of insurance

TiE Retail Summit 2008 initiates Retail sector towards a faster growth trajectory

January 1, 2008 at 12:00 AM

New Delhi, August 1 (ANI/Business Wire India): The TiE Retail Summit, 2008 saw a unanimous thought on combining the best from both the markets-domestic as well as the western markets, to create a sustainable growth for the retail industry in the country.

Kolte-Patil developers top line surges by 37 per cent in Q1

January 1, 2008 at 12:00 AM

Mumbai, July 30 (ANI/Business Wire India): Kolte-Patil Developers Limited has shown 17 per cent growth in revenues and 37 per cent PBT growth on consolidated basis.

Indian Railway and Kerala sign MoU for J V firm

January 1, 2008 at 12:00 AM

New Delhi, June 28 (ANI): The Indian Railways and the Government of Kerala today signed a Memorandum of Understanding (MoU) to form a Joint Venture Company for fabrication of bogie frames for passenger coaches.