India's Public Sector Undertaking (PSU) banks initiated a process to offload their shares in credit ratings agency CARE Ratings, according to sources knowledgeable on the situation.
Deals
nCrypted Cloud raises $3M from angels to encrypt your Google, Dropbox, SkyDrive and Box accounts
nCrypted Cloud, a service that encrypts shared data on Dropbox, Google Drive and others, raised $3 million from angel investors for its seed funding round, TechCrunch reported.
Stockton Road Capital makes minority investment in Jamieson Laboratories
Private equity investment firm Stockton Road Capital has made a minority investment together with affiliates of CCMP Capital Advisors in their purchase of nutrition firm Jamieson Laboratories.
Private equity veterans backs herbicide-free weedkiller firm in £750K fundraising round
UK firm Weedingtech's recent fundraising campaign was supported by high-profile private equity movers like British venture capitalist Jon Moulton and Millhouse LLC owner Roman Abramovich.
Jos. A. Bank in talks to acquire peer Eddie Bauer from private equity owner
Clothing retailer Jos. A. Bank, which is in a takeover war with Men's Wearhouse, is reportedly in talks to buy Washington-based peer Eddie Bauer. Eddie Bauer is owned by New York hedge fund Golden Gate Capital.
Latest News
Spokane, Washington-based startup iCPooch launched a crowdfunding campaign on Kickstarter to raise $20,000 for the production of a device that allows dog owners to send treats or conduct facetime with their dogs when they are away from home.
Winterthur, Switzerland-based industrial engineering and manufacturing firm Sulzer Ltd inked a deal to purchase a 75% interest in Saudi Pump Factory together with the latter's owner Nabil Al Hashim, in a deal valued at CHF33 million.
Ablynx, a Belgian biotechnology firm, has agreed to a €20 million deal with Merck to develop immunotherapies that can bolster the human body's potential to combat cancer cells, the Financial Times reported.
Exploration company Xanadu Mines, together with its joint venture firm Mongol Metals, have agreed to purchase a 90% stake in the Kharmagtai copper-gold project in Mongolia from Turquoise Hill Resources in a $14-million deal.
The Committee on Foreign Investment in the United States or Cfius is expected to thoroughly scrutinize the $2.9 billion acquisition of Motorola's handset business by Chinese technology firm Lenovo.
Based on data gathered by the Seoul Metropolitan Government, foreign direct investment (FDI) poured into Seoul, South Korea, reached $6 billion in 2013, an all-time high since the global financial crisis hit in 2008.
Indian venture capital firm IDG Ventures and Canadian investor Ascent Capital picked up a minority stake in New Delhi-based software solutions provider Newgen Software Technologies for INR110 crore.
New York, US-based independent software corporation CA Tech invested an undisclosed amount with venture capital group IDG Ventures India in India-based enterprise software startups from October to December 2013.
India-based HCL group invests in Bharat Family Clinic to bet on preventive healthcare market- report
India-based technology firm HCL has entered into the healthcare segment with an equity position in Bharat Family Clinic, causing a buzz in the sector, the Business Standard reported.
