The Reserve Bank of India would scrutinize pending foreign deals after the steep fall in rupee's value.
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Reliance Life to sell 5% stake to bank assurance partner
Reliance Life announced to sell a 5% stake to private, public and cooperative banks. Reliance Life, a private insurer operating in India, said that it had planned to explore distribution tie-ups with a number of banks.
OVL to acquire 10% stake in Anadarko for USD2.6 billion
ONGC announced an acquisition deal for a 10% stake in Anadarko Corp priced USD2.6 billion. ONGC Videsh Ltd (OVL) had announced its planned acquisition of a 10% stake at Anadarko Corp.
Air India Express looks into domestic expansion
Air India Express had announced it was looking at domestic expansion to be able to compete with three current budget airlines dominating India by the end of the year.
Markit: US factory activities to increase in August
Markit, a financial data company, said that the US factory activities increased by 53.9% which was its best rise since March.
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The number of Americans who filed for jobless benefit claims fell to a nearly six year low while US manufacturing activity increased this month.
All trading on Nasdaq were halted last Thursday after the stock exchange encountered a technical issue during midday.
Chinese regulators sought confessions from foreign companies regarding any committed antitrust violations and warned them about hiring external lawyers to fight the said accusations.
Bloomberg LP said that it would appoint an ombudsman that would create a task force how news was derived from sources by each company journalist.
Hinduja co-chairmen Gopichand and Srichand Hinduja had issued a laudatory statement to the Finance Minister's reassurances.
Tata Steel had purchased expensive equipment to lower black dust emanation from its plants. Tata Steel. the Indian steel conglomerate, had invested GBP800,000 in new machinery able to reduce the black dust particles produced from its Wales located facility.
US District Judge George B. Daniels dismissed the suit filed by Teamsters Local 282 Pension Trust Fund against the credit ratings agency Moody's.
Alitalia and Etihad are in discussion as to possible stake purchase from the Italian flag carrier. Alitalia is in discussion with Etihad Airways, resulting in the Abu Dhabi based airline purchasing a stake in the floundering Italian aircarrier.
The market responded with a stock value search upon the announcement of Microsoft CEO Steve Ballmer's retirement.
