Synopsis Kickstart your week with the hottest gossip from India-Inc. Agencies A conglomerate baron refuses to pass the baton, a bigshot entrepreneur plans to celebrate her birthday the Greek way . . . here are some of the hottest gossips from India. Inc. Hunkering Down at Al-Mariyah The Four Seasons Al-Mariyah in Abu Dhabi seemed like an office huddle as the finance and deals teams from one of India’s top headline-grabbing groups had been camping there, talking to investors and partners to reinforce old ties and forge new alliances. Even their big boss flew in for some meetings midweek, we are told, to soothe many a frayed nerve before flying out, presumably to other key pit stops in the region. It might not be easy in the current circumstances, but this group is known for pulling a rabbit out of its hat, so watch this space. Broken Promises? The news of this industry veteran parting ways with this mid-tier tech firm within months of a new PE fund taking a majority and paying top dollar has raised several eyebrows. With this, the people who worked on the deal all find themselves out. The fund in question has also rubbed the promoters of one of their investee companies the wrong way, apparently. It recently flipped its investment and made quick returns. While that’s common in the investment industry, the founding family has not forgotten the promises made by the fund of building long-term partnerships while making the investment. Gentleman’s Game Tornadoes, Blasters, Cavalry, Reds , Avengers, Bhuvan’s Seven, Blue Jays , Warriors, Maple Leaf . Are you stumped? Prefix them with TPG , Brookfield, Carlyle, KKR, Apax Partners, Actis, Advent, Apollo , CPPIB. When the boys are not competing for deals, they are on the field at the T-5 Investors Cricket Cup that is taking place in Mumbai this weekend. It’s an annual event that is so well organised by a famous lawyer that you might suddenly think you are in some junior IPL tournament. As we go to print, the final match is about to start. Let the best fund win. Permanent Position In the coming week, the nomination panel of the board of this mega conglomerate was to meet to decide on his future but this alpha boss who just won’t hang up his boots apparently decided to take matters in his own hands like always. In a media interview, he has anointed himself as chairman emeritus, seemingly surprising his senior colleagues. Watch this space. Paint it Red Last week’s annual bash at this Delhi diva’s designer Lutyens’ den seemed more like a fashion parade than an art week afterparty. With blue neon corridor lights, The Weeknd’s synth pop grooves and guests and hangers-on floating in and out in their Balenciagas, Diors and Shantanu & Nikhils, bubbly in hand, art looked like an afterthought, almost. It was yet another excuse to party and shake an artful leg. Wish Banksy was there. Big Fat Greek Birthday This power-packed lady who started out her entrepreneurial life a decade back when others started planning their retirement and went on to disrupt the world of retail, has decided to have a gala time for her upcoming milestone birthday. A birdie tells us, she booked out a posh Greek restaurant this weekend for family and friends. Lots of plates will be trashed as per tradition but we shall update you if the party goes wilder than expected. Considering she was the hostess at her son’s destination wedding just a few weeks back, life clearly has been a party for her of late. Live Life Kingsize So you thought only old tycoons jet set around the world in charter flights? It’s the latest toy among startup founders too. From one of the youngest in the frat who wanted to simply party with friends in an exotic locale, to an edtech czar who flies to his home down south, a founder who needs to go to his plant in the middle of nowhere, or a fintech wiz who loves to hobnob with policymakers, the list is long. A cursory look and one might think the more loss-making an enterprise, the more the founder’s urge to fly high. The funding winter clearly has not affected them. Reminds us of a now-famous farmhouse party in Delhi, which has attained cult status, where several out-of-town guests travelled the same way. Don’t miss out on ET Prime stories! Get your daily dose of business updates on WhatsApp. click here! Monday, 13 Feb, 2023 Experience Your Economic Times Newspaper, The Digital Way! Read Complete Print Edition » Front Page Pure Politics Companies & Economy Companies More Vodafone Idea in Talks to Refinance ₹3k-4k Cr Loans Vodafone Idea (Vi) has started fresh talks with key lenders, including State Bank of India, Punjab National Bank and HDFC Bank, to refinance ₹3,000-4,000 crore of loans, bankers familiar with the matter said. Tata Group Set to Record Highest Growth in History Tata Group is set to record the highest growth in its history, with both unlisted and listed entities growing upwards of 20%. Importantly, both traditional and new businesses have lined up large capex plans. The traditional businesses will fund their own growth through internal accruals. More FAME II Funds may Go to E-buses The government is considering tweaking the allocation of funds under its electric vehicle subsidy scheme to focus more on replacing diesel buses in public transport, amid allegations that many electric two-wheeler makers had wrongfully claimed incentives. 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