Neel Writes This Blog

Uber and Tata Opportunities Fund (TOF), the flagship private equity fund advised by Tata Capital, today announced that TOF will make a significant investment in Uber, the first such investment made by TOF in a global company with headquarters outside India and underscores the confidence in Uber. The partnership is a milestone for both entities and will help Uber expand its services and solutions in India by leveraging the Tata Opportunities Fund’s network within the wider Tata Group as well as externally. Uber launched in India less than two years ago. Today, the service is available in 18 Indian cities* -- more than in any other country outside the United States. With its current base of over 150,000 driver entrepreneurs and continued robust 40 percent month on month growth, Uber has quickly gained a significant market share in India of over 35 percent. Padmanabh (Paddy) Sinha, Managing Partner of TOF’s advisory team in India, said: “The Tata Opportunities Fund is delighted to s...

Fairfax India Holdings Corporation , through its wholly-owned subsidiary FIH Mauritius Investments Ltd, today completed its acquisition of majority ownership interest and management control in National Collateral Management Services Limited (NCML) by subscribing newly issued shares of NCML (approximately $31 million) and purchasing the shares of certain selling shareholders (approximately $95 million), for an aggregate investment of approximately INR 8 billion (approximately $126 million). NCML is the country’s leading private-sector agriculture storage company in India that is preparing to expand to take advantage of the significant market potential in India’s under-developed agricultural storage industry. NCML operates in the mid-stream agriculture value chain offering end-to-end solutions in procurement, testing, storage and collateral management in a wide ranging set of agri-commodities. “We look forward to NCML, under the leadership of Sanjay Kaul and his management team, con...

Herbalife International India Pvt Ltd, a leading global nutrition company along with Olympic Medal Winner, Mary Kom, felicitated the Indian contingent to the 2015 Special Olympics World Games, held from July 25-August 2, 2015, in Los Angeles, United States. As part of its support for the Indian contingent, Herbalife has provided the necessary athletic training suits and apparel kits for the athletes and team officials for their achievements at the Special Olympics World Games. The sponsorship is in line with a global initiative in which Herbalife partners with LA2015, the Organizing Committee for the Games, to assist in meeting the nutritional needs of athletes and coaches from 165 countries.  There were 214 athletes from the Special Olympics Bharat team , who brought back 47 gold, 54 silver and 72 bronze medals. Addressing the press conference, Ajay Khanna, Vice President and Country Head, Herbalife International India Pvt Ltd said, “Herbalife India is proud to be associate...

This weekend, Savdhaan India brings to you a fresh episode of suspense, drama and a spine chilling story of HemrajManjhi. This special episode will be hosted by none other than Nawazuddin Siddiqui. The story revolves around HemjManjhi, who is a trusted owner of a fleet boat business and Charan Singh who is a civil contractor and is constructing a bridge near the river. . Hemraj has daughter named Gudiya who always carries her doll with her. Hemraj doesn’t like Gudiya at all as he holds her responsible for his son’s death. On the other hand, Charan comes across as nice and sweet to her. One day, Hemraj’s and his wife Fulwati have an argument after which Fulwati convinces Hemraj to drop Gudhiya at her sister’s place.  But Gudiya goes missing. Fulwati finds the stuff that Gudiya had carried and suddenly remembers a tantric who said that if they want a son, they’ll have to sacrifice Gudiya. When Hemraj didn’t react much to this, everything now points towards him being the mur...

Happiness is something that is out of reach of all of us. We try to find it everywhere and in everything. And, we behave like ignorant when it comes to finding it in life. No matter who you are, it is something that too important thing that you would like to retain throughout the life. There are many people who appear to be happy all the time. Nobody knows their state of mind, except their inner voice. Yes, this happens to you also, you listen to you inner voice always. Nobody can certify you happiness unless you are approve it. Life is learning process – we do fail in learning the perfect way to being happy in all the occasions. One fine day I came across about Bhagwat Geeta, and read some chapters. I would like to mention here that I am not well versed in those. To say, I mentioned this, there I found that who is really a happy person. A person who has no ego, treat everyone equally – that is something one need hard practice to attain this stage. That is very hard task to a...

Maggi is the popular food item India, no doubt about that. Ask any layman, you will get answer a best dish to serve in just two minutes. Hardly do many of us think about the food safety standards and its limits. Thanks to media, otherwise we would have been continuing – two minutes food item - Maggi food as we have been doing for long. At this point of time, we missed to judge it completely. Even we did not spare two minutes to think about its impact on health let alone on kids. Interestingly, there was discussion on maggi and food standard on news channel. One panelist in the programme backed maggi as safe, since she has been eating from her childhood. Now, she is adult and no health complaints at all. She got a good reply from the moderator that “thank God..Your alive”…. Ridicules, to hear such arguments in favor of a product that consists 17 times of lead, a chemical that is considered as dangerous, than permitted level. Being a media person, I do judge all the sides, without...

Business News The week :The week was full of volatile for the Indian stock markets, but at the end the govt's move on MAT helped indices to end in positive note. Foreign Portfolio Investor (FPIs) worries abated after the government set up a high-level committee to look into the Minimum Alternative Tax (MAT) issue that triggered positive sentiments in Indian stock markets.  The BSE 30-Share indicator – BSE Sensex resumed firm a hovered in a wide range of 27,603.71 points and 26,423.99 points before recovering to end with a small weekly rise of 94.08 points or 0.35 per cent, to end at 27,105.39 points. In the last three weeks, it crashed 1,868.07 points or 6.47 per cent. The 50-share CNX Nifty opened higher at 8,230.05 points and moved in a breath of 8,355.65 points and 7, 99.15 before closing at 8,191.50 points, a modest gain of 10 points, or 0.21 per cent. Last Week : BSE Sensex lost 1.55 percent and Nifty shed 1.49 percent. The 30-share sensitive index (Sensex) of the Bomba...