Steep valuations keep MFs out of IPO zone /FM may clear $5 Bn fund for Indian companies M&A play/TiE set to fund 100 business plans /Takeover by Indian firms increased jobs in UK: British lawyer

Daily Dose |   February 19 2008

>> TOP NEWS Steep valuations keep MFs out of IPO zone Mutual funds seem to be immensely cautious in the wake of an uncertain market and steep valuations while investing in public issues. FM may clear $5 Bn fund for Indian companies M&A play In an attempt to embark on a merger and acquisition drive, the government is considering a sovereign investment fund with an initial corpus of $5 billion. TiE set to fund 100 business plans Takeover by Indian firms increased jobs in UK: British lawyer >> TECHNOLOGY Tech firms look beyond engineers Large IT services companies are opening their door to non-engineering science graduates. SOA conference kick starts in Bangalore Service Oriented Architecture (SOA) is gaining momentum with enterprises increasingly understanding the business value of this approach. Satyam to invest $200 Mn on five SEZs Cognizant to expand India count by 14,700 >> BUSINESS M&M targets $3 Bn from defence deals over 10 years Mahindra & Mahindra (M&M) is driving to achieve revenues worth $3 billion over the next 10 years. Survey calls for incentives package for manufacturing industry India's manufacturing sector, which saw slackened growth last year due to rupee appreciation and hard interest rates, needs to be provided an incentive package to sustain its growth, an industry survey has said. Walt Disney investing around $200 Mn in UTV Gammon to invest $75 Mn >> VENTURE NEWS PE players line up slew of mezzanine funds for Indian market PE players are lining up a bundle of 'mezzanine funds' - debt-dominated instruments with an 'equity sweetener' - for the Indian market. MCX to raise $125 Mn via public offer Multi Commodity Exchange of India, India's largest commodity exchange, has filed papers for IPO to raise $125 million (Rs 500 crore) from the capital market. SBICAP and Softbank Investment form JV for $100 Mn fund Vantrix secures $12 Mn in series B funding >> OTHER NEWS Bhave assumes office Chandrasekhar Bhaskar Bhave took over the reins as the new chief of markets regulator Securities and Exchange Board of India. West Bengal IT hub to have new building A new building, Globsyn Crystals, will open April at West Bengal's burgeoning IT hub at Salt Lake City here to meet the increasing demand for space in the core area. Mauritius PM announces $250,000 for ancestral Bihar village South Africa conduit for illegal Indian migration to Britain >> BLOGS Direct-To-Customer Strategies for Mobile Content - Shivkumar Jagannath Content distribution in the mobile space is always fraught with too many dependencies and very long payment cycles. This is because traditional content delivery has the mobile operator in the loop.... MAGAZINE Cover Story Arasan Chip Systems, a builder of IP solutions and related services competes with established names in numerous vertical markets and comes up trumps. Guest Contributor Digitization driving rapid analog growth By Biswadip(Bobby) Mitra The author is Managing Director, Texas Instruments India Featured Mentors Shirish Ranade Scientist,NBRI, Lucknow Yogesh prajapati Engineer ,B.V.M Engg college Video spotlight How much value do certifications add to a skill set of an experienced techie? SiliconIndia Books The Indian CEO The Indian CEO uses the framework developed by David McClelland of Harvard University, to.... Buy Now The Men Who Ruled India The Men who ruled India is a masterly distillation of Philip Mason's two classics, 'The Founders' and 'The Guardians' which... Buy Now

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