Wal-Mart said in its press conference that it would be focusing more on its e-commerce business to curtail effects of China's slowing retail market.
Asia/Pacific
Tata Capital and other investors provide growth capital for Mitra Biotech
Mitra Biotech raises INR40 crore for cancer care. Tata Capital's Tata Capital Innovations Fund together with existing investors India Innovation Fund and Accel Partners, would invest INR40 crore in Mitra Biotech, a cancer care provider based out of Bangalore.
A recent report showed a drop in total funding in the Indian wind sector
Mercom Capital Group reported a wind sector investment for India totalling USD5.6 billion. The third quarter wind venture capital funding fell to USD135 million from USD210 million in the previous quarter of 2013.
Bharti Airtel and Airtel Broadband set to merge
Bharti Airtel and Airtel Broadband had announced the approval of the merger plan between the two Indian telecommunications firms.
India to begin regulatory framework for crowdfunding
As the UK and the US institute crowdfunding regulations, India is also drafting its own set of rules.
Latest News
Sources told Bloomberg that Singapore-based Oversea-Chinese Banking Corp was reviewing a bid for Hong Kong-based Wing Hang Bank.
Sun Life Everbright Insurance Co, the joint venture firm between Canada-based Sun Life Financial and state-controlled China Everbright Group, would turn a profit by 2015.
Share trading of Chong Hing Bank and its parent company were suspended temporarily pending confirmation of the sale of the bank to Yue Xie Group.
Like other foreign firms, CCTV zeroed in on alleged failures of Samsung Galaxy S and Note series smartphones due to alleged memory chip failures.
As ordered by US District Judge Ronald Guzman, HSBC and individual plaintiffs would go into the process of evidentiary discovery.
Peugeot weighing options between a cost cutting partnership with GM or an expansion push with Dongfeng.
HSBC Holdings plc failed to obtain regulatory approval from the State Bank of Pakistan to sell its banking business in Pakistan.
Leung Chun-ying and the government of Hong Kong would be pressured to maintain its consistent positive economic growth amidst a property bubble at home and changes in foreign economic policies.
People with knowledge of the transaction said the Yue Xiu Group was nearing a deal to buy Hong Kong-based Chong Hing Bank.
