Report alleges Naveen Jain led InfoSpace fudged revenues and misled investors
The Seattle Times has published a 3-part investigative report alleging InfoSpace executives misled public investors about the company’s performance. “InfoSpace’s success was an illusion, built on accounting tricks and the…
Are PE firms good at running media companies?
The Economist has an interesting article on the huge investments being made by Private Equity firms in taking over and turning around media firms. Some extracts: Some private-equity firms have…
Profile of GVFL’s Vishnu Varshney
Financial Express has a profile of Vishnu Varshney, managing director and CEO of Gujarat Venture Finance Ltd (GVFL). He wanted to be an entrepreneur initially.. He was so serious about…
Lemming mentality in the airline sector?
At a time when it looks like every Ram, Shyam and Hari has plans for launching an airline in India, InterGlobe Enterprises, one of the first companies to get clearance…
Profile of Jet Airways founder Naresh Goyal
Times of India has a profile of Naresh Goyal, Founder of privte airline Jet Airways, which recently pulled off a successful IPO. This is undoubtedly a great achievement for a…
Indiagames and its investors
Business Standard has an interesting article which touches upon the relationship between Vishal Gondal, the founder of Indiagames (now 80% owned by China’s Tom Online), and the company’s VC backers,…
TSJ Media featured in Business Today article on VC exits in India
Business Today (subscription required) has an article on VC exit trends quoting data from TSJ Media: By all accounts, 2004 has been a golden year for venture firms in India.…
Ellison’s bets on ASP companies paying off
Mercury News has discovered that ASP software companies (aka “software as a service” or “on demand” applications) are doing well. The article points out that Oracle CEO Larry Ellison made…
“India, US virtually bhai-bhai”
Fortune columnist David Kirkpatrick gushes about how “the Internet is connecting the two countries in ways not conceivable a few years ago”. My gut feeling is that the Indian and…
Indian cos. opting for IPOs over Private Equity
Reuters has this interesting news item about how, thanks to booming stock markets, Indian companies are finding it easier – both from a valuation and control perspective – to go…