Tiger Global Management LLC has kicked off process to raise its eighth venture capital fund focused on later-stage, privately-held technology companies, as per reports. At present it has seven VC funds with assets of over $6 billion which will rise to over $7.5 billion if the plans for new fund turns out to be true. It had raised nearly $1.5 billion in its seventh VC fund in 2012.
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Panel questions govt on PPP in running of IGI airport
A parliamentary panel has asked the government to explain whether public interest was being served by the private-public partnership (PPP) in the development and running of DelhiĂ´s Indira Gandhi International airport. The Public Accounts Committee, in a latest report, virtually charged the government with enabling a private party (GMR) to benefit out of its partnership with state-run Airports Authority of India (AAI) to develop and manage the airport.
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Airtel restructures in Africa
Airtel has restructured its Africa operations into four business units and appointed key executives effective 1 April. The company will divide its operations in 15 countries into two groups, while keeping Nigeria and Congo DR as separate independent units. The heads of the business units will report to Christian de Faria who will take on the role of managing director and chief executive officer of BhartiĂ´s Africa operations, according to the company.
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Several mine-owners are not seeking clearance renewals
Much of the iron ore mining output from Karnataka this year depended on completion of R&R activities in the mineral-rich Bellary-Chitradurga-Tumkur belt. After the mining scam,
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EC nod to fast-track project execution
The first two weeks of the new year witnessed some positive actions in the infrastructure space. And to everyone's surprise, the Ministry of Environment and Forests (MoEF) has led the way. M Veerappa Moily has swung into action after taking additional charge of MoEF apart from his petroleum and natural gas portfolio.
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Ennore Port to build 3rd coal berth
In addition to the existing berths, the Ennore Port (EPL) has initiated process to build one more berth to meet the increasing demand of coal for Tamil Nadu Generation and Distribution Corporation (Tangedco).
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Rail: Steps taken need hammering-in this year
Hindsight: India presently suffers from a severe and chronic under-investment in railway infrastructure. The transport industry in India also faces scrutiny on issues concerning environmental standards and sustainability. The use and application of rail transportation solutions are an answer to this particular problem as rail transportation accounts for only 1 per cent of the worldĂ´s CO2 emissions. Indian Railways has announced several capacity augmentation projects in the field of track laying,
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Rail: Steps taken need hammering-in this year
Hindsight: India presently suffers from a severe and chronic under-investment in railway infrastructure. The transport industry in India also faces scrutiny on issues concerning environmental standards and sustainability. The use and application of rail transportation solutions are an answer to this particular problem as rail transportation accounts for only 1 per cent of the worldĂ´s CO2 emissions. Indian Railways has announced several capacity augmentation projects in the field of track laying,
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Lanco unit wins energy conservation award
Lanco Kondapalli Power Plant situated at Kondapalli Industrial Development Area near Vijayawada, has been awarded the National Energy Conservation Award 2013 in the award function held recently at Vigyan Bhavan, New Delhi. President Pranab Mukherjee presented the award to the Director & CEO of Lanco Kondapalli Power, P Panduranga Rao. Lanco Kondapalli Power Plant won the National level first prize among gas-based power plants in the thermal power sector.
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Spearheading localisation
In his more than 32 years of service with Siemens, RK Chugh has a diverse set of business experiences, across verticals in the power transmission and distribution (T and D) and the Automation and Drives (A and D) industry. Chugh is currently the Division Cluster Lead, Smart Grid Division of Infrastructure and Cities Sector, South Asia Cluster. He is the driving force behind the success of the diverse and growing portfolio of the Siemens Smart Grid products, systems and solutions across the indus