Norwest Venture Partners closes new $3 billion fund NVP XVI

Norwest Venture Partners, a global venture capital and growth equity investment firm, has raised its latest $3 billion fund, Norwest Venture Partners XVI, LP. NVP XVI brings the firm’s total capital under management to $12.5 billion, said a press statement on Tuesday. Norwest Venture Partners, which has funded more than 600 companies since inception, is…Continue Reading

November performance of PMS funds show Buffett’s theory in action

SynopsisNovember was not a very comfortable month for many fund managers. Market volatility and general bearishness made returns scarce on Dalal Street. But it was a good case study to see how one of the most influential theories of the market plays out.Getty ImagesNEW DELHI: When the going gets tough, it is better to stick…Continue Reading

Jammu and Kashmir admin completely failed in providing sense of security to people: Omar Abdullah

National Conference Vice-President Omar Abdullah (File photo)GANDERBAL: National Conference vice president Omar Abdullah alleged on Tuesday that the present administration in Jammu and Kashmir has “completely failed” in controlling the situation and in providing a sense of security to the people. Abdullah’s remarks came after a sensational attack on a police bus in the Zewan…Continue Reading

Fertiliser production not impacted due to power shortage: Centre

Fertiliser production was not affected due to power shortage since 2020 till now except at IFFCO’s Kandla plant unit in Gujarat, Parliament was informed on Tuesday. Minister of State for Chemicals and Fertiliser Bhagwanth Khuba, in a written reply to the Rajya Sabha, said most fertiliser plants have captive power plants and have arrangements to…Continue Reading

Kerala govt writes to RBI to withdraw caution notice on use of word ‘bank’ by co-op societies

The Reserve Bank of India has received a letter from the Kerala government requesting for withdrawal of caution notice issued by the central bank regarding use of word ‘bank’ by some cooperative societies, the government said on Tuesday. In a written reply to the Lok Sabha, Cooperation Minister Amit Shah said his ministry has “not…Continue Reading

Five Indian brands in top 100 global powers of luxury goods list

Five Indian brands are in the top 100 global powers of luxury goods list with Tata group firm moving up three places to rank 22nd and being among the 20 fastest-growing luxury goods companies, according to a Deloitte report. Four other homegrown brands, Kalyan Jewellers, Joyalukkas, PC Jewellers, and Tribhovandas Bhimji Zaveri Ltd, have been…Continue Reading