Foreign Investment Promotion Board gave approval to KKR & Co. for picking up a stake in International Asset Reconstruction Co. Pvt. Ltd.

In the last two years, the renewable energy space, especially solar and wind power, has seen a lot of private capital flowing in. Recently, Greenko, which is a developer of wind and small hydro power projects, secured $230 million from sovereign wealth funds of Abu Dhabi and Singapore.
Last year, emerging markets-focused private equity major Actis Llp also created a renewable energy platform under Ostro Energy with initial commitment of $230 million.

As reports of Startup Shutdowns & "Acqui-Hires" began to flood the media in 2016, Venture Intelligence did quick study of companies that had raised angel investments in the 2010-2014 period across Bangalore, Chennai, Mumbai and National CapitalRegion to check if there is a city flavour to these companies. On the flip side, there were obviously also companies that managed to raise successful follow-on financing or even deliver quick exits to their investors.

According to Venture Intelligence data, the failure rate among start-ups in Chennai between 2010 and 2014 was one per cent. The rates in Bengaluru and the NCR were six per cent and seven per cent, respectively.
Arun Natarajan, Founder, Venture Intelligence, said Chennai had higher resilience in the business-to-business (B2B) and software as a service (SaaS) businesses and that the city's start-ups had a clear focus on the business and revenue models. "Chennai does not follow the me-too concept," he said.
Bengaluru and the NCR have a head start in large enterprises and these cities