Young CEOs Brainstorm with government at Niti Aayog Meet

Niti Aayog meet Eustan Vnetures

Why does the country have so many regulators? Who evaluates their performance? Senior cabinet ministers that included finance minister Arun Jaitley faced a volley of queries from young business leaders during an interaction organised by Niti Aayog. Prime Minister Narendra Modi joined the 200 young business leaders for an informal interaction later in the evening and will attend their detailed…

Everstone Capital puts on block 45% in Pind Balluchi Company

Home-grown private equity fund Everstone Capital is looking at selling its 45% stake in JS Hospitality, the company that runs Pind Balluchi chain of restaurants. The fund is expected to make 2-2.5 times its five yearold investment, said three people with direct knowledge of the deal. In January 2012, Everstone picked up 45% stake in JS Chadha-run JS Hospitality for…

Gland Pharma investors weighing 74% stake sale to Fosun in Alternative Plan

fosun-eustan-ventures

The shareholders of Gland Pharma Ltd, including buyout firm KKR and Co., are considering selling a stake of up to 74% under the automatic approval route to China’s Fosun International after failing to secure government approval for an 86% stake sale so far, two people aware of the discussions said. The new structure is being considered as an alternative, in…

World’s top stock is Indian Brokerage with almost 900% Gain

Eustan ventures

The bull market in India has produced another record: the world’s best-performing stock among companies that have a market value of at least a billion dollars. For most of its life the brokerage Indiabulls Ventures Ltd. wasn’t even part of that club. An 890 per cent rally this year has revitalised a stock that was listed in 2008, sunk as…

India, say hello to GST! Biggest-ever tax reform comes into effect

Eustan Ventures

With a gong sound at midnight in Parliament’s Central Hall, India switched to GST, the single biggest tax reform undertaken by the country in 70 years of independence. Launching GST, President Pranab Mukherjee said it is a momentous event for the nation. "This historic moment is the culmination of 14-year-long journey that began in December, 2002," he said. Touting it…

As India goes cashless, Israeli fintech firms Come Calling

As India goes cashless, Israeli fintech firms come calling - eustan ventures

As India moves for greater digitisation, Israeli financial technology companies are seeking a pie of the growing market in the country. They are exploring collaborations and partnerships with Indian companies and banks looking for digital-age solutions for their respective businesses. Nimrod Assouline, deputy chief of mission, Consulate General of Israel, told DNA Money, "We already have good collaborations in India…

Paytm said to seek RBI licence to offer money market fund

Bengaluru: Paytm, run by One97 Communications Pvt. Ltd is seeking a licence from the Reserve Bank of India (RBI) to set up a money market fund where users can store cash and earn interest, in competition with banks, according to a person familiar with the matter. Paytm has applied to RBI to start the fund and increase its offerings to…

Cabinet Likely to Set up Rs. 2,000 crore Startup Fund by July

The Union Cabinet is likely to set up a Rs 2,000-crore credit guarantee fund by July-end with a view to provide funding facilities to startups as per the report by India Today. The secretary of the department of industrial policy and promotion (DIPP), Ramesh Abhishek, said the fund would be used to lend to startups without any collateral. He said…

Ola raised $50m from NY hedge fund

Indian top Cab aggregator Ola has reportedly picked up about $50 Mn funding from hedge fund Tekne Capital Management, as an extension of its ongoing round. The New York-based investment firm has infused less than $50 million in the company as part of its ongoing round, which has also seen participation from Ratan Tata’s venture fund RNT Capital Advisors and…

Uber gets perpetual injunction against striking unions in Delhi

A section of drivers for Ola and Uber are on protest again on Tuesday in the Delhi NCR region. The Sarvodaya Driver Association of Delhi and the Rajdhani Tourist Drivers Union claimed that more than 1 lakh drivers would strike protesting for a single day against the low earnings because of the companies policies, as indicated by this Economic Times…

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