Banglore-based Lifeblob, a blogging, picture and video sharing engine where all your posts are arranged as a timeline, has received seed capital financing from Seedfund. Lifeblob links the diary entry that you make with the entry of other people mentioned or involved in the event recorded. So your diary entry becomes a part of other [...]
Kolkata-based brothers, Rajat and Jayant Agarwalla, have relaunched Scrabuluos under a new Facebook application name called Wordscraper. On Tuesday, Scrabuluos was pulled off from the US and Canadian Facebook pages due to the lawsuit filed by gaming company Hasbro, which owns the rights for the game. Wordscraper has 15,000 users. The Agarwalla brothers have [...]
Scrabulous, a Facebook application created by two Kolkata brothers, has been pulled off from the US and Canadian Facebook pages. Scrabulous - an application that allows users to play the game Scrabble online - is facing legal action for intellectual property infringement by gaming company Hasbro which owns the rights for the game.
Scrabulous was started [...]
According to a study by leading Delhi-based economic think tank ICRIER (Indian Council for Research on International Economic Relations), India ranks way below on an index of financial inclusion, indicating that there are opportunities for innovative business models to bring the financially excluded population to the system. Financial inclusion implies the ease of access, availability [...]
Even as it backed out of the proposed deal with MTN (which is now being pursued by Reliance Communications), Bharti Airtel could have initiated negotiations with $5.9 billion Kuwaiti telecom major Zain for a possible deal. While the company has denied that it was in talks for any acquisition or merger with Zain, indusry sources [...]
Germany-based Lufthansa Technik, the $5 billion maintenance, repair and overhaul (MRO) arm of Lufthansa, has reportedly pulled out of its joint venture with GMR group. Lufthansa and GMR had formed 75:25 JV to set up a MRO near at Shamshabad, Andhra Pradesh, near the site of the upcoming Rajiv Gandhi Hyderabad International Airport. The initial [...]
Celebrity chef Sanjeev Kapoor shouldn’t be finding it difficult to get funding for his restaurant expansion plans. The restaurant space has been a favourite with venture capital and private equity funds who have been looking to ride on the consumption boom in India (see the list of investments after the jump).
The news is Kapoor is [...]
It was the end of close to 50-year saga for the founder family as the owners of Ranbaxy Pharmaceuticals, India’s largest drug company and also first MNC with presence in some 60 countries.
The Singh family, now represented by Malvinder and Shivinder Singh, has sold its stake in the company to Japan’s Daiichi Sankyo for a [...]
Ranbaxy: The Timeline
1961 Company Incorporated
1973 A multipurpose Chemical Plant is setup for Manufacturing of APIs at Mohali India
1973 Ranbaxy Goes Public
1977 First JV with Lagos (Nigeria)
1985 Ranbaxy Research Foundation is established
1987 Production start-up at the modern API plant at Taansa (Punjab, India), Ranbaxy becomes the largest antibiotic/ antibacterial manufacturer of India
1990 Ranbaxy Granted US patent for DoxyCyline
Now that Ranbaxy promoters have exited their flagship business - Ranbaxy Pharmaceuticals - what does the Singh family plan to with the money? It’s not a small sum. The deal value is anywhere between $3.4 billion and $4.6 billion. For the time being, Malvinder Singh, the CEO and MD of Ranbaxy, will remain at the [...]
The Ruias, who own a third of Vodafone Essar, are now in the process of striking a yet another JV with a global telecom firm. Loop Telecom, a subsidiary of BPL Mobile in which the Ruias of Essar have a 9.9 per cent stake, is looking to bring in a foreign JV partner by selling [...]
Origo Sino-India PLC, an $100 AIM-listed private equity investment firm focused on India and China, has said that it has made “unrealised gains” of 8 million pounds (about $16 million) on its investment from the closely held Indian biofuel company Roshini International Bio Energy (RIBEC).
In January this year, Origo announced that it picked up 20 [...]
SIDBI Venture Capital Ltd, the private equity arm of Small Industries Development Bank of India, seems to be on a deal overdrive. Close on the heels of its Rs 30 crore ($7.5 million) investment in Chennai-based adhesives and sealants maker Anabond, the SME-focused private equity fund has announced the investment of a similar amount in [...]
Exclusive: Textual Analytics Solutions(TAS), a Bangalore-based text mining company that promises to make the life of information intermediaries easier, has landed funding of $250,000 from Mumbai Angels and Harsh Saksaria (whose Mumbai based family is into construction business). Prior to this round, TAS received $650,000 from a group of angel investors which included Ashish Gupta [...]
Cobra Beer, the UK headquartered alcoholic beverages company founded and managed by the India-born British millionaire Karan Billimoria, may be sold lock, stock and barrel in the next three years, the UK’s Sunday Telegraph reported. This move was revealed in marketing documents of the company used to convince financial institutions to back the company. That [...]
