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Inventus Capital Partners, a tech-focussed, early-stage venture-capital firm with presence in Silicon Valley and Bangalore, invests in India-centric ventures. It has invested in 13 companies so far through its $52 million fund and has begun the process of raising the next round of funds, of about $100 million. In this recent interview to Business Line ,, Mr Parag Dhol, Director, Inventus Advisory Services (India) Pvt Ltd, talks of the entrepreneurship scene in the country and the funding opportunities.

What we see happening is broad-based entrepreneurship. We are tech-focussed and early-stage, but the variation in the plans that we see is across the board. Our economy has been growing fast, but the friction pieces have been high or people have not optimised very well like it is in the advanced countries.

Some of the people we see are targeting 15 years of experience in the parallel industry, textiles for example, which is a very standard industry, but building solutions on top of ERP to solve those problems.

People have got their hands dirty on the tech side in the last 15-20 years, realised the underlying business problems and are solving them both for the domestic and international markets. The breath of entrepreneurship is exciting for us. Depth is still not there.

'We see broad-based entrepreneurship' - Hindu Business Line

The 22-year-old youth was arrested from Bandra Terminus on Saturday morning. “The police have recovered two stolen mobiles from him,” said Shivaji Dhumal, senior police inspector of Kurla railway police station.

He told the police that his left hand got cut in an accident between Masjid and CST stations, two years ago. He was hiding behind a railway pole and trying to hit a commuter travelling in a local so that he could rob his mobile phone. He lost his control and fell under the train and lost his left hand.

Satish Magar, a resident of Nashik, was one of his targets. “On August 22, I boarded a second class compartment of Habibganj Express from Kurla terminus around 8.30 pm. I was standing near the door, talking on my mobile phone. The train was between Vidyavihar and Ghatkopar stations when a man hiding behind a pole hit my hand with a stick. My mobile phone and shoulder bag fell down,” said Magar, an electrician.

When the train started, the man came out of his hiding to take the bag and mobile phone, Magar jumped off from the train and chased him but Sheikh managed to escape with the booty.

Lost his hand in a theft, but he continued to rob people - Daily News & Analysis

The police has initiated inquiries into the mysterious death of an Irish national who was found dead in south Mumbai in the early hours of Sunday morning. Post-mortem examination has been inconclusive about the cause of his death, and the MRA Marg police is trying to identify and trace the deceaseds next of kin.

According to the MRA Marg police, the deceased has been identified as 58-year-old Thomas Bolmer. He was found lying in an unconscious state outside Anubhavan Hotel on the SBS Road at around 1.35 am on Sunday. Some pedestrians called the Mumbai police control room, and a mobile police unit was diverted to the spot. Bolmer was rushed to St George Hospital, where he was declared brought dead.

According to the MRA Marg police, the deceased has been identified as 58-year-old Thomas Bolmer. He was found lying in an unconscious state outside Anubhavan Hotel on the SBS Road at around 1.35 am on Sunday. Some pedestrians called the Mumbai police control room, and a mobile police unit was diverted to the spot. Bolmer was rushed to St George Hospital, where he was declared brought dead. Inquiries have revealed that Bolmer was seen walking unsteadily, and he finally sat on the pavement across the street from Anubhavan Hotel. He then lay on the pavement. When he did not get up for a very long time, people called the police control room, said Padmakar Juikar, senior police inspector, MRA Marg police station.

Mumbai, Oct. 2: Nearly 1,100 inmates of 13 jails in Maharashtra appeared for a Gandhi Peace Examination here Sunday to mark the launch of the Gandhi Jayanti Week celebrations as India celebrated the 142nd birth anniversary of Mahatma Gandhi, an official said. The inmates were of Arthur Road Central Jail, Mumbai, and jails in Thane, Paithan, Ratnagiri, Nashik, Osmanabad, Nagpur, Dhule, Jalgaon, Yavatmal, Akola, Wardha, Bhandara, said Bombay Sarvodaya Mandal (BSM) chief T.R.K. Somaiya.

58-yr-old irish found dead in south mumbai - The Asian Age

AKOLA: Alarm bells have already started sounding warnings with the rise in circulation of fake currency in the Indian markets. Though it may not cripple the economy as the authorities are vigilant, it may have a negative impact on the country if the inflow of fake currency continued, said to be mainly from the neighbouring Pakistan and Bangladesh.

Experts handling such cases say that loopholes in investigations needed to be plugged so that the accused bringing fake currency in the market would not go scot-free. Those associated with the investigation part said that the menace could be effectively checked if due care is taken.

Lawyer Pradeep Hatekar, who once defended Vishwambhar Ghodeswar, an accused in the fake currency case in Buldhana sessions court , opined that loopholes in investigation make it difficult to prove charges and lead to acquittals. Possession of fake currency and seizure of MAT 50 vehicle were not proved despite the fact that Nasik Security Press had confirmed it was counterfeit. Mere contradiction can acquit the accused, he said. Hatekar said he brought the loopholes to the notice of the judge and the main and other accused were acquitted on technical grounds. He said that the offence of circulating fake currency in the open market or through banks was anti-national.

Hatekar said that some fake notes were found at the house of Zira Pawrya, one of the accused, whose links reportedly extended to an influential politician in Jalgaon Khandesh, but it could not be proved.

'Plug loopholes to curb fake currency circulation' - Times of India

Luxury living in India is coming with a price. Huge entrance gates, higher boundary walls and round-the-clock private security guards at private homes have become a necessity for the rich.

Incidentally, all this is not so much for the security of family treasures as it is for the safety of their children because ransom kidnappings are becoming more ruthless by the day.

Knowing that the police are in most cases ineffective, gangs of ransom-seekers prey on well-off families, kidnapping children and demanding money in return for their release. But many times these kidnappers also end up killing the children, even while desperate parents negotiate with them on the ransom.

India at present ranks as the fifth most dangerous country in the world for kidnapping. This, criminologists say, is the fallout of the country's economic boom, when a large section of society made a sudden leap into the ranks of the upper middle class. Those who were left behind make kidnappings their way of getting revenge, demanding their share of the spoils.

Anguish for India's new rich - gulfnews.com