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Norwest Venture Partners raises $1.2 bn for PE fund
US-based private equity firm Norwest Venture Partners (NVP) today said it has raised $1.2 billion to invest in domestic and international companies across sectors.

Industrial recovery
Business Standard / New Delhi January 13, 2010, 0:44 IST

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Mini Dairy project in Idukki, plans to start in TN
Private sector Dhanalakshmi Bank has kickstarted a Mini Dairy Funding project in the backward Idukki district of Kerala and has plans to start a similar project in Tamil Nadu in two weeks time.
Business Ideas

DLF Pramerica Life shareholders committed to venture: Mehta

Private sector life insurer DLF Pramerica, promoted by realty firm DLF and US-based Prudential Financial, today said the two shareholders were committed to the venture, repudiating reports that the Indian partner was mulling over a possible exit. "DPLI (DLF Pramerica Life Insurance) is doing well and is ahead of plans. The company"s growth plans are intact. Both shareholders view life insurance as an attractive long term opportunity and remain committed to it", said the company"s Managing Director, Kapil Mehta. The company that began its operation in September 2008 has collected a premium of Rs 9.8 crore.


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