Oct
13
2006
A nine-figure fortune won’t get you much mention these days, at least not here. This year, for the first time, everyone in The Forbes 400 has at least $1 billion. The collective net worth of the nation’s wealthiest climbed $120 billion, to $1.25 trillion. Surging real estate, oil and other asset prices paved the way [...]
Oct
12
2006
1. Lakshmi Mittal
2. Azim Premji
3. Mukesh Ambani
4. Anil Ambani
5. Kushal Pal Singh
6. Sunil Mittal
7. Kumar Birla
8. Tulsi Tanti
9. Pallonji Mistry
10. Anurag Dikshit
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Oct
11
2006
Most of the success stories of the popular Indian entrepreneurs like the Ambanis and Tatas had little to do with a professionally backed up investment at an early stage. In fact, till very recently, for an entrepreneur starting off on his own personal savings or loans raised through personal contacts/financial institutions.
Traditionally, the role of venture [...]
Oct
11
2006
The concept of venture capital is not new. Venture capitalists often relate the story of Christopher Columbus. In the fifteenth century, he sought to travel westwards instead of eastwards from Europe and so planned to reach India. His far-fetched idea did not find favor with the King of Portugal, who refused to finance him. Finally, [...]
Oct
11
2006
The basic principal underlying venture capital – invest in high-risk projects with the anticipation of high returns. These funds are then invested in several fledging enterprises, which require funding, but are unable to access it through the conventional sources such as banks and financial institutions. Typically first generation entrepreneurs start such enterprises. Such enterprises generally [...]
Oct
11
2006
Venture capital is money provided by professionals who invest alongside management in young, rapidly growing companies that have the potential to develop into significant economic contributors. Venture capital is an important source of equity for start-up companies.
Professionally managed venture capital firms generally are private partnerships or closely-held corporations funded by private and public pension funds, [...]
Oct
11
2006
Introduction
A number of technocrats are seeking to set up shop on their own and capitalize on opportunities. In the highly dynamic economic climate that surrounds us today, few ‘traditional’ business models may survive. Countries across the globe are realizing that it is not the conglomerates and the gigantic corporations that fuel economic growth any more. [...]
Oct
07
2006
Beginning from the first day of the bright fortnight of Ashwin (according to Hindu calendar and usually falls in October), the festival of Navratri lasts for nine nights. This festival is dedicated to the worship of Mother Goddess and her nine forms. People sow seeds on the first day, consecrate the planets, watch the sprouting [...]
Oct
07
2006
Mahavir Jayanti is the biggest Jain festival celebrated in India to commemorate the birth anniversary of Lord Mahavira. Mahavira is believed to be the son of Siddhartha and Trisala. His birth year however is a matter of controversy between the two sects of Jainism. Digambaras believe it to be 615 BC while Swetambaras believe that [...]
Oct
07
2006
Lord Shiva, also known as Mahadeva, is one of the three Gods of Hindu Trinity. His abode is believed to be at Mt Kailash in the Himalayas. Shiva Ratri is said to be the night when Lord Shiva first appeared by His own Divine Grace. The words literally mean ‘the night consecrated to Shiva’ and [...]