India’s Modi spoofed over doctored photos of Chennai flood visit

Prime Minister Narendra Modi became the butt of online jokes on Friday when it turned out an official photo showing him surveying flood damage in southern India through a helicopter window had been doctored. The picture showed Modi peering through the round window at a dramatic view of flooded city streets in Chennai, capital of Tamil Nadu state, after the strongest rains in a century there killed more than 280 people in a month and displaced thousands of residents. Social media lit up with users accusing the official Press Information Bureau (PIB) of faking the scene.

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Canadian venture capital, private equity deals surge in 2015

By Euan Rocha TORONTO (Reuters) – Deal-making activity in Canada’s venture capital and private equity arena surged in the first half of 2015, driven by a spate of financings in the tech start-up space and large investments in energy assets, data from Thomson Reuters showed on Monday. The data indicates there was C$636 million ($488.48 million) in venture capital invested in 143 deals in the second quarter, a sum that was 15 percent higher than that invested by VC firms in the first quarter. This propelled VC investments in the first half of this year to C$1.19 billion, a 33 percent increase from the first half of last year and the strongest first half for VC funding in Canada since 2002.

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