UwidoNews

Timothy Barakett, the founder of hedge-fund firm Atticus Capital, will close down two funds and return $3 billion to investors, The Wall Street Journal reported Tuesday on its Web site.

Indian state-owned venture capital firm SIDBI Venture Capital, is raising a INR 10 billion ($208million) third fund to invest in small to medium-size enterprises, according to VCCircle.

Check out the photo gallery of Manchu Vishnu Vardhan Babu & Veronica Reddy wedding

The Indian rupee appreciated by 22 paise in early trade today on expectations of fresh capital inflows by capital funds as stock market may open higher, tracking firming trends on other Asian equity markets.

As the name suggests, ‘Tulsi vivah’ refers to an age-old ritual of Tulsi Devi’s marriage to Lord Vishnu. According to traditional Hindu calendar

Mulye replaces Renuka Ramnath, who resigned from the post today. Ramnath headed the fund close to a decade. Vishakha Mulye has been appointed as the Managing Director & CEO of India's largest private equity fund CICI Venture Funds Management Company Ltd (ICICI Venture). The board of the PE fund approved the appointment on Monday, which will be effective April 21, 2009.

GE Capital Monday signed an agreement with Jaguar Land Rover (JLR), the UK-based subsidiary of India's Tata Motors, to provide a working capital facility of up to 170 million pounds (over Rs.1,300 crore) for a five-year term.

Rishabhdev Technocable Ltd will today try its luck to raise funds from the capital market.The company’s 68,54,500 share follow-on public offering (excluding promoters contribution 21,45,500 shares) opens in the range of Rs 29 to Rs 33 (of Rs 10 face value).

Road Movie Story: Vishnu, a relentless young man, itches to escape his father`s faltering hair oil business. An old truck beckons, which Vishnu sees as his ticket to freedom.