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Portea Medical Group

Accel Partners, Ventureast jointly acquire 30% stake in Indian in-home health company

Joint venture partners Accel Partners and Ventureast will own more than 30% stake in Portea Medical Group after equally investing INR48 crore in the in-home health services company.

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Italian sovereign fund is frontrunner to acquire minority stake in Versace

State-backed sovereign fund Fondo Strategico Italiano is currently the leading bidder for a minority stake in Italian fashion company Versace. The possible deal is reportedly worth EUR850 million.

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Turkey Prime Minister Tayyip Erdogan

Iraqi Kurdistan enters into multi-billion-dollar energy package with Turkey

Sources who were familiar with the deal said the government of Turkey and the regional government of Iraqi Kurdistan inked a deal that would allow building of new infrastructure and cooperation in existing oil and gas resources to turn the latter into an oil and gas powerhouse.

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Westports Holdings Bhd

Gnanalingam open to client investors in Westports terminals

Westports Holdings Bhd founder and Chairman G. Gnanalingam said his company is looking to partner with strategic investors to expand the capacity of Port Klang in Malaysia.

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Sotheby's to sell Rembrandt, Picasso in first USD212 million China auction

New York-based auction house Sotheby's is gearing up for its first commercial sale in China with USD212 million worth of artwork consisting of western and Chinese paintings, jewelry and furniture by Picasso, Rembrandt and Zao Wou-Ki.

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Gap Inc

Sources say Gap Inc setting eyes on India through joint venture with Arvind Brands

The largest clothing retailer in the US is set to enter the Indian market through a joint venture with Arvind Brands, according to sources interviewed by The Economic Times.

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Intuit partners with Capital One, Wells Fargo to provide access to customer financial data

The partnership of US software company and QuickBooks maker Intuit's partnership with banks Capital One and Wells Fargo for a loan facilitator program was a clear indication of companies turning into cloud computing and data analytics to improve their services, said an article published on the Financial Times.

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BitPesa to challenge Western Union, money remittance players via Bitcoin

BitPesa Chief Executive Officer Elizabeth Rossiello claimed that the startup will reduce money remittances transaction costs and its turnaround time, which will challenge major players Western Union and MoneyGram International Inc.

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Tadhamon Capital

Tadhamon Capital concludes acquisition of London's Paul Street development

Bahrain-based Islamic investment firm Tadhamon Capital announced that it has completed the acquisition of Paul Street development in London, in a joint venture with McLaren Property and Apache Capital.

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Burger King

Burger King forms joint venture to take on McDonald's in France

Burger King Worldwide Inc. formed a joint venture with Bertrand Holding Co. and Naxicap Partners to open new stores in France in the first half of next year. Burger King returned to the country last year, opening three stores with Italian restaurant operator Autogrill.

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Optimitive Logo

Optimitive, a cleantech startup, secures Series A round

Optimitive, a cleantech startup from Spain, announced on Tuesday that it has successfully secured USD 1.9 million in a Series A round, led by GGM Venture Capital and Optimitive plans to use the funds in building up its sales and marketing team.

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Westfield Stratford City shopping centre

Croydon local government council gives preliminary approval to Westfield Group, Hammerson for mall project

Sydney-based property trust Westfield Group and London-based property developer Hammerson obtained preliminary approval from the local government council of Croydon to rebuild a shopping center in South London.

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PSA Peugeot Citroen

Peugeot head Varin wants former Renault COO Tavares to replace him - sources

PSA Peugeot Citroen Chief Executive Officer Philippe Varin reportedly wants to tap the former chief operating officer of Renault SA to replace him as he steps down next year.

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Uber strikes deal to lower down costs of car ownership to get more drivers on its platform

Uber, a ride solutions provider, is aggressively pushing for more drivers on the road that it had struck a deal with car manufacturers and auto finance firms to provide Uber drivers which better rates to own a vehicle.

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Karuturi’s farm in Bako, Ethiopia

Ethiopian program to lease farmland for food production to private investors encounters setbacks- report

The Ethiopian government's program to lease farmland to private investors to grow food has experienced several setbacks, a report from Bloomberg said. The program was started in 2008.

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