United States Securities and Exchange Commission (SEC) fined technology firm Oracle Corporation over $23 million on charges that it violated provisions of the Foreign Corrupt Practices Act (FCPA). The charge is that Oracle’s subsidiaries in India created and used slush funds – money that is improperly accounted typically for illicit...
Sequoia Capital to Raise India-Focused VC fund
Global venture capital firm Sequoia Capital has formally registered a new investment vehicle Sequoia Capital India V with the U.S. capital market regulator Securities and Exchange Commission early this month to invest in India, reports VCCircle. The company expects its fundraising process will take more than a year. While it...