From the Press Release:The first ever Elections for the Executive Committee of the Indian Private Equity & Venture Capital Association (IVCA) for the two year term January 2011 to December 2012 were successfully conducted with over 82% of the members exercising their votes. This is a strong endorsement of the work that IVCA has done over the year.The Members have voted the following SEVEN to

Today I needed to run a quick errand and ended up having one of those moments that makes you wonder about people in a WTF kind of way.

One of the managers that works for my wife is based in China and he loves good coffee but good locally roasted whole bean coffee is not an everyday sight in China so once a month I make a point of sending him 4 or 5 lbs of coffee that I get from a local company in Redwood City called Connoisseur Coffee. Today I drove down there, parked and as soon as I got out of my car I smelled a fantastic and very powerful aroma that was definitely coffee but also something else.

I walk up to the building and I’m on my phone not paying attention until I reach for the door and find a piece of plywood covering it. I look and the windows are blackx, a large section is plywooded up, the exterior of the building is charred and in front of me is a large pile of blackened and wet fire debris. There was clearly a fire.

As I’m standing there a woman walks up to me, walking around the pile of fire debris blocking her path on the sidewalk and rather hysterically says, and I am not making this up, “oh my god, what happened… did they get robbed!”.

From the profileBeginning with software for trading in agri-commodities the company has added on packages for metals and will do so for energy trading by February 2011 with the business built around the licence model.Eka has offices in the United States and in London and will soon have one in Sydney....With revenues of $10 million,the company is now planning to open its fourth office in

Pensions & Investments has an article on Religare's recent PE fund-of-fund acquisitions. Its strategy is to buy a majority interest in boutique investment management firms and let the acquired firm's executives continue to control the day-to-day work of investing...Religare's board has approved committing up to $1 billion to strategic investments in diversified asset management businesses

From the article:The operative word in Nova’s model is ‘minor’. Need a heart bypass? Nova is not the place. But, need an appendix or a cataract removed? A stomach (or gastric) banding to lose weight? A hernia patched up? Or a facelift? That’s right up Nova’s alley. In other words, surgeries that are low-risk, don’t need expensive support systems, and where the patient can go home the same day.On

From the Press Release:Microqual Techno Ltd. one of India’s leading telecom infrastructure providers has raised growth funding of Rs. 40 crore from a wholly owned subsidiary of The Headland Asian Ventures Fund 3 Limited (HAV3), a fund advised by Headland Capital Partners Limited (Headland) (formerly HSBC Private Equity (Asia) Limited). This is the second round of funding received by Microqual

Edited extracts from Press Release:Real estate-focused PE investor Pragnya Fund has formed a JV with VGN Developers for a residential development project in Chennai. The project, covering an area of 6 lakh square feet at Paruthipattu on the Poonamalli- Avadi High Road, beside State Highway 55, will cater to the affordable housing segment of the market. The launch is scheduled for mid-2011.

TVS Shriram Growth Fund-I, managed by Chennai-based TVS Capital, has announced that it has completed its Rs.35 crore investment commitment (originally announced in Nov-09) in Facilities Management Service provider Dusters Total Solutions Services (DTSS), with a balance Rs.10 crore tranche. Formed by merging two companies run by Shamsher and Jasmer Puri, the Bangalore-based DTSS has offices in

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