Venture Capital

Toyota recalls 4,000 defective cars in China

Toyota recalls 4,000 defective cars in ChinaBeijing, March 17 : Japanese automaker Toyota will recall around 4,400 units of its FJ Cruiser cars in China over seat-belt flaws, China's consumer quality watchdog said.

The General Administration of Quality Supervision, Inspection and Quarantine said that Toyota China will recall imported cars produced between December 2007 and March 2013, Xinhua reported.

Toyota is working on the solution to the flaw and will release improvement methods before April 15, the administration said.

Vienova Education raises $3.5 million from Helion Advisors in second round

Vienova Education raises $3.5 million from Helion Advisors in second roundVienova Education, affordable private education provider based in Delhi, has some exciting news to share. Helion Advisors, one of the largest early stage venture funds in the country, today announced an investment of US$ 3.5 million in the company.

Vienova Education received its first round of funding by Indian Angel Network (IAN) and others in 2008. With this investment, Mr Sanjeev Aggarwal, Senior Managing Director, Helion Advisors, joins the board of Vienova Education.

EADS and India's L&T form joint venture

EADS and India's L&T form joint venture Paris - European Aeronautic Defence and Space Company's (EADS) defence and security division and Indian engineering giant Larsen & Toubro (L&T) announced plans Tuesday to form a joint venture for defence electronics in India.

The new company, which is to be based in Talegaon, near Pune, will design, develop and produce products in the fields of electronic warfare, radar, military avionics and mobile systems, the two companies said in a statement.

Biyani-controlled Home Solution Retail successfully raises Rs 150 crore

Home Solutions RetailHome Solutions Retail (India), a subsidiary of BSE-listed Pantaloon Retail (India), has informed that the firm along with its two investors has successfully raised Rs
150-crore via a rights issue to fuel its expansion programme.

The company has been able to successfully raise Rs 150-crore through a rights issue, which was closed yesterday. The company confirms that it has raised the amount along with ICICI Ventures Funds Management and Kotak SEAF India Fund.

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