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Mirroring the impact of the global meltdown across sectors, investments by venture capital (VC) companies in clean technology companies fell 13 per cent on year in 2009. According to a study by Cleantech Group and Deloitte, Indian companies raised $190 million (Rs 866.4 crore) last year compared to $218 million (Rs 994.1 crore) in 2008. Biofuels was the pick of venture capitalists with the segment witnessing 55 per cent of the investments. […] Viceroy Hotels, a mid-sized hotel and resort chain, said the real estate investment arm of JP Morgan has picked up 49 per cent equity in one of its units for Rs 700 million. JP Morgan India Property Mauritius has picked up stake in a Bangalore hotel subsidiary of the company, it said in a statement to the Bombay Stock Exchange late on Thursday. “The investment is in line with our business restructuring plans,” said a senior company executive. “We have appointed KPMG India to advice on the restructuring process.” […] |