U.S. venture capital firm Accel Partners has closed a $155 million fund, Accel India III, that will make seed and early stage investments in Indian startups. This is Accel’s third India fund. Accel, which has previously invested in 34 Indian companies, said the latest fund had attracted top tier institutional investors from North America, Europe […]
It’s one of the depressing aspects of movies that a disproportionate number of them focus on insignificant piffle. Like romance, for instance. Try as we might, we can’t get a handle on how generations of moviegoers can watch the same boy-girl love story on the screen for decades just because they bear different titles. Well, […]
The best we can say about Rockstar is that we didn’t throw up and sully the movie hall as we usually do after watching a Bollywood film (like Bodyguard or Dum Maro Dum, for instance). As is to be expected of 99.9% of Indian films, Rockstar too is a romance. But this one comes covered […]
Apple today announced record fiscal fourth quarter results, the company’s first earnings announcement after its iconic co-founder Steve Jobs died earlier this month. For the three months ended September 24, 2011, Apple reported a profit of $6.62 billion (7.05 cents per share) on revenues of $28.27 billion. During the same period last year, Apple’s net […]
After the great New Jersey Samosa lawsuit, the stage is now set for the Mother of All Biryani Battles. Big Indian legal fights in the U.S. are all about life-changing things like Samosas, Biryanis and, who knows, maybe in the future, even Gulab Jamuns and Jalebis. 😉 No kidding, guys. And the venue for the […]
Sri Lankan Tamil hedge fund billionaire will be a guest of the American prison system for the next 11 years for insider trading. The sentence is the longest ever for insider trading. Judge Richard J.Holwell, who sentenced Rajaratnam today, also fined him $10 million and ordered the forfeiture of $53.8 million. Judge Holwell said: Insider […]