Billionaire investor Ajay Piramal has bought a ‘marginal’ stake in Chennai-based cab aggregator Utoo, the company’s promoter C Sivasankaran said on July 11. Utoo, which was launched just over a month ago to compete against Ola and Uber, has been valued at Rs 1,000 crore, Sivasan…
Tag: Piramal Group
Murthy moots easing tax environment for PE, VCs
Pitching for significant changes in norms governing venture capital (VCs) and private equity (PE) funds, a Securities and Exchange Board of India (SEBI) panel has recommended favorable tax regime and steps to bring long-term funds from domestic and foreign investors. Apart from calling for favora…
NRN panel bats for easier norms for VC, PE funds
A SEBI panel has recommended sweeping changes in rules governing venture capital and private equity funds in India to bring the norms in line with global practices and help attract capital flows, streamline tax collections and widen the participation of domestic and overseas investors. The Securi…