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Narayana Murthy's Catamaran aims to double AUM to $2 billion in 5 yrs

Catamaran, the family office of Infosys founder Narayana Murthy, is targeting 15 per cent returns on its portfolio investments per annum as it shifts focus from early-stage investments to growth and late-stage bets. This would double the firms assets under management (AUM) from the current $1 billion to $2 billion over the next five years. For direct investments, we are focusing on growth-stage investments and very selectively on early stage, Deepak Padaki, president, Catamaran, told Business St...
Nr Narayana Murthy Narayana Murthy Deepak Padaki Prione Business Services National Stock Exchange Prione Business
Source: rediff.com

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Action against Cloudtail for selling pressure cookers flouting BIS standards

The Central Consumer Protection Authority (CCPA) has passed an order against Cloudtail India Pvt. Ltd. for violation of consumer rights and unfair trade practice by selling domestic pressure cookers in violation to mandatory standards ...
New Delhi Consumer Affairs Ministry Central Consumer Protection Authority Cloudtail India Domestic Pressure Cooker Quality Control

Welcome To IANS Live - BUSINESS - Action against Cloudtail for selling pressure cookers flouting BIS standards

The CCPA initiated suo-motu action against e-commerce platforms for sale of domestic pressure cookers in violation to compulsory standards on its e-commerce platforms. CCPA had issued notices to major e-commerce platforms including Amazon, Flipkart, Paytm Mall, Shopclues and Snapdeal as well as to the sellers registered on these platforms.Clou
New Delhi Consumer Affairs Ministry Central Consumer Protection Authority Cloudtail India Domestic Pressure Cooker Quality Control

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