MMTC Ltd. planned to raise 400 billion rupees through asset sales that were set at discounted 71% minimum bid price.
Asia/Pacific
China's Sovereign Wealth Fund Invests in Banks
In a bid to uplift consumer confidence, Beijing's Central Huijin Investment Co had invested in banks in the form of share purchases.
Fullscreen completes Series A funding
Fullscreen announced its successful Series A funding. Fullscreen, a next-gen media company, said on Monday that The Chernin Group, Comcast Ventures, and WPP all contributed to its Series A-funding.
Eutelsat, KKR to Place Bids for SingTel’s Australia Unit
Eutelsat Communications SA and KKR & Co are the first to place their bids for Singapore Telecommunications' Australian arm.
Four Banks Start Work on China Cinda IPO
China Cinda Asset Management Corp. planned its initial public offering with Bank of America Merrill Lynch, Goldman Sachs, UBS and Credit Suisse formally set to work.
Latest News
Prime Minister Shinzo Abe announced cutting down Japan's pension fund and focusing into stocks, away from government bonds.
India's rapidly declining currency is a clear sign that US policy affects the whole world. (Photo : REUTERS)Indian currency of different denominations are seen in this picture illustration taken in Mumbai India is emerging as the canary in the mine for Asia's money market.
Tesco stops orders from Bangladeshi supplier after finding structural defects in its factory. (Photo : Reuters)The image is the corporate logo of Tesco UK.
Meraas Holding and Emaar Properties announced an engaged joint venture for the development of a premium lifestyle community, Dubai Hills Estate.
Huishang Bank, due to the lack of clarity in the Shanghai Stock exchange, is set to list its IPO in the Hong Kong bourse.
Investors said that emerging market assets are prone to inflation, making them a very risky place to invest in.
Arabtec Holding announced on Sunday that is has signed a joint venture contract for US$629 million. (Photo : Reuters)The image is the facade of one of the projects of Arabtec.
Plans to boost capacity in Indonesia would be reached through the construction of a new Mitsubishi Motors plant in the country.
The government of India sold a sale of a stake in MMTC LTd, an Indian Trading firm, in order to cut off financial deficit.
