Siddharth Poddar

Dubai World-owned Istithmar World has reduced its staff by 13 in a bid to address existing market conditions.

Bessemer Venture Partners has promoted three professionals, two of whom are located in Mumbai and one in Massachusetts.

Aurum Ventures, Canaan Partners and Evergreen Venture Partners are among the firms that have invested in N-trig. The investment will be used to fund technological innovation and the development of new platforms.

Anil Ahuja, formerly co-head of 3i Asia with Mark Thornton, has been appointed as the head of 3i's Asian operations. He will continue to lead the India team and report to Chris Rowlands, chairman of 3i Asia.

Mumbai-based Aditya Birla Private Equity, an Aditya Birla Group subsidiary, has started raising capital for a sector-agnostic $250m fund.

Global Investment House has acquired a majority stake in transport and logistics company Jassim Transport & Stevedoring in a deal the firm claims is the largest private equity buyout ever in Kuwait.

The Satyam scandal has brought forgotten corporate governance issues back out into the open in India, which could effect future deal flow, writes Siddharth Poddar.

The Seoul-based joint venture fund between Darby Overseas Investments and Hana Bank has invested 35bn Korean won to help expand the generating capacity of Gangwon Wind Power.

Taxes on capital gains from private equity investments may be scrapped as Japan looks to stimulate investment activity and to address the credit squeeze.

The China-focused joint venture between the Belgian and Chinese firms has already garnered commitments of about RMB2bn for its second fund focused on growth capital and pre-IPO investments.