The sale of expensive homes in South Mumbai had dropped by 10% from 30% two years ago with rental yields decreasing by more than half.
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OSX Brazil SA to undergo restructuring
Eike Batista's OSX Brasil SA engaged the services of Bingham McCutchen LLP for its restructuring efforts.
AllState CEO seeking moves to maintain market share
Tom Wilson, AllState CEO, had sought ways to expand its bottom line with the acquisition of Esurance and expansion of network.
KKR to acquire Gland Pharma
According to two sources, KKR would acquire Gland Pharma for INR1 billion and would push through by the end of the month.
Telecom Commission clears TCI exit
The Indian Telecom Commission had cleared the planned exit of Telecommunication Consultants India (TCIL) for its 30% stake in Bharti Hexacom.
Latest News
Blink, the online travel app was purchased by Groupon for an undisclosed amount. Groupon announced the acquisition of Blink, an online travel app. The focus of Blink is the European market, with highly curated same day booking services to add on to the rapidly expanding Groupon Getaways travel business.
Aramak Holdings Corp. announced launching an initial public offering worth USD100 million to repay debt.
Livefyre announced that it had acquired Storify without disclosing the financial terms of the deal. Livefyre is a commenting platform used by TechCrunch and other websites.
C.James "Jim" Koch had become a millionaire after the success of the Samuel Adams brand that turned Boston Beer Co. the second largest US-owned brewery.
Incumaker Inc. had announced completed acquisition for Cryogenic Therapy Company. Today, Incumaker Inc. announced that it had completed its acquisition of CryoMist I and CryoMist II.
Today, Limoneira Company announced its completed acquisition for Associated Citrus Packers in a deal valued USD18.6 million.
JP Morgan Chase & Co. CFO Marianne Lake forecast losses from its mortgage origination business during her presentation to investors held last Monday.
Today, HIG Capital announced its acquisition for a majority stake in Eletromidia, a leading player in outdoor advertising industry.
Facebook Inc. launched a new service allow news organizations to display public posts that mentions any topic in real time.
