Bangalore all set to host its biggest startup event tomorrow-R s

SiliconIndia Daily dose

Friday, June 05, 2009
Top news
Bangalore is all set to host its biggest startup event tomorrow (June 6, 2009). siliconindia Startup City will see the founders of Naukri.com, Rediff.com and Tejas Networks recounting their experience of starting up in the world of business.
Mutual Fund's average Assets Under Management (AUM) surged by 15.8 percent, or Rs 86,320 crore in the month of May, which took total industry size to a record Rs 638,326 crore.
Technology
Education sector is seen as a potential market by many startup companies especially, as the increase in GPRS usage and the entrance of 3G technology in India gives a boost to concepts like e-learning in the country.
Antrix Corporation, the commercial arm of the Indian Space Research Organization (ISRO), is chasing contracts worth $100-150 million.
"Executive Program in Supply Chain Management from IIM-C for working professionals"
Business
India's hospitality sector has witnessed a fall of 64 percent in profit in the January-March quarter this year, thanks to the economic slowdown, an industry lobby report said here Thursday.
The IPO investors, who invested in shares of several companies that issued initial public offerings (IPOs) last year, had to digest the bad news when the equity markets hit the ground.
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Venture
Hydro power firm National Hydroelectric Power Corporation (NHPC) is launching its Rs 1,670 crore ($334 million) initial public offering (IPO) by August to part finance its expansion plans.
Norwest Ventures Partners (NVP), a Silicon Valley based venture capital firm has acquired 2.11 percent of the stakes in the India's largest stock exchange, National Stock Exchange (NSE)
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