India

Unilever Increases Stake by 67% in Indian unit

Unilever announced increased in stake holdings for Hindustan Unilever, the company’s Indian unit, for Eur2.45 billion.

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No 75% Control of Hindustan Unilever, Investors Rather Hold On to Stocks

Unilever was unable to raise its holding in Hindustan Unilever Ltd (HUVR) to its goal of 75%.

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Billionaire Jhunjhunwala buys exit stake

Indian billionaire Jhunjhunwala bought a stake at Firstsource Solutions.

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India to draft new rules on surplus funds

India's CPSE was urged by the finance minister to either invest its surplus funds or give to those who will.

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Robosoft receives Kalaari backing

Kalaari Capital invested on Indian game developer Robosoft.

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McDonald’s May Look at QIP, FPO to Raise Funds

Hardcastle Restaurants looks at raising funds through a qualified institutional placement (QIP) or a follow on public offer (FPO) as it planned to double its store chains in India.

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Walmart and Tesco May Get In India's Retail Industry without Conditions

The government of India may allow foreign retail stores such as Walmart and Tesco to come into the industry without any of those conditions given that their multi-brand retail venture is less than 50%.

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Bangladesh more open to investments

Bangladesh is expecting more foreign investments especially from India.

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US Bank to Invest US$51 Million in Religare Enterprise

Last Wednesday, Religare announced the investment of US based bank, Customers Bancorp Inc valued at US$51 billion.

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Mass exits prompt ICICI picks as rupee plummets

India's ICICI said that it is picking exporter stocks amidst foreign fund exits.

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Nereus Capital Raises Funds for India Renewable Energy Fund

Nereus Capital Management would be receiving US$100 million for its clean energy fund for India.

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Birla's Daughter Leads Father Into Microloans

Billionaire Kumar Mangalam Birla's daughter Ananyashree Birla offered credit to women in villages in Maharashtra state.

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Foreign banks lifts India's M&A numbers

Foreign banks recently invested in many local companies pushing the country's merger and acquisitions march forward.

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Cochin Shipyard Considers IPO

Cochin Shipyard considered IPO to fund its expansion that is valued roughly at RS1500 crore.

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UBS AG to Leave Banking Business in India

On Friday, UBS AG surrendered its banking license in India after battling several allegations of money laundering.

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