August 2010
M T W T F S S
« Jul   Sep »
 1
2345678
9101112131415
16171819202122
23242526272829
3031  

Contact us

Subhkam Ventures invests in Nicheken

Subhkam Growth Fund I, the maiden Domestic Fund from Subhkam Ventures, has made an investment in Nicheken Technologies Pvt. Ltd. The investment will be the first round of growth capital, and will provide Subhkam a substantial minority stake in the Company. Nicheken is promoted by two distinguished technocrats, Dr. M.V. Pitke and Dr. T. Chandrasekaran. Nicheken, a technology oriented company, specializes in the areas of telecommunications and power electronics. The Company focuses on creating cost effective innovative add-ons to the existing equipment which have the impact of reducing the overall cost in the eco system, either by decreasing the incremental capex requirement or by improving the efficiency. Mr. Rakesh S Kathotia Chairman, Subhkam Ventures said, “with the ever increasing appetite for telecom bandwidth and power and the inherent redundancy of such infrastructure equipment (due to technology upgradation), the need for cost effective add-ons, which enhance the efficiency and life of critical equipment, is immense. Such cost effective equipments could also be a great enabler in fulfilling the government’s objective of providing telecom and power in each nook and corner of India.” […]

Vedanta set to buy 51% in Cairn India

Billionaire metal king Anil Agarwal-run Vedanta Resources is in talks to acquire a 51 per cent stake in upstream oil and gas company Cairn India in a $ 8-8.5 billion (about Rs 37,264-Rs 39,593 crore) deal, which may be announced on Sunday evening or Monday. Cairn Energy Plc of the UK, which holds 62.37 per cent interest in the Cairn India, is eyeing a 20 per cent premium for transferring management control of the firm to Agarwal. Cairn India chief executive officer (CEO) Rahul Dhir met petroleum secretary S. Sundareshan to apprise him about the ongoing negotiations as the deal will need the approval of the Indian government. “All production-sharing contracts signed by companies for oil and gas exploration have provisions for government approval if some stake in the field or the company were sold,” Sundareshan said. Dhir said he was not a part of the discussions that were being carried out Cairn's UK management. […]