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.
Deals
Tata-SIA obtains government approvals
The Foreign Investment Promotion Board provides approval Tata-SIA venture. The Indian government approved the proposal from Singapore Airlines to commence an aviation venture with Tata Sons through an initial foreign direct investment of USD49 million.
Icahn's shares are off-limits in Apple stock buyback plan
Billionaire investor Carl Icahn's letter to Apple Chief Executive Tim Cook published on Thursday indicated that Icahn would be witholding his shares from his proposed stock buyback program.
SFX acquires three startups to boost growth in core business
SFX Entertainment, a live events and music content producer, purchased Readability app maker90, music commerce platform Tunezy and marketing agency Fame House for an undisclosed amount.
Permira set to acquire Dr. Martens maker
The family business that owned the Dr. Marten brand would be acquired by private equity firm Permira for GBP300 million.
Latest News
Bharti Airtel and Airtel Broadband had announced the approval of the merger plan between the two Indian telecommunications firms.
Market Track acquired Competitrack from founder Bob Moss for an undisclosed sum. Retail promotion and e-commerce pricing intelligence solutions firm Market Track purchased Competitrack.
Lehman Brothers Holdings Inc and Giants Stadium LLC could not agree on the settlement amount of two interest-rate swap contracts the latter had cancelled.
As the UK and the US institute crowdfunding regulations, India is also drafting its own set of rules.
State-owned lender Caixa Geral de Depositos would be selling a 6.11% stake in telecommunications firm Portugal Telecom.
Lambert Private Equity would be purchasing up to USD 200 million of the common stock of Accelera Innovations.
News about Ophir's asset sale in Tanzania caused the oil and gas explorer's shares to rise.
According to a Wall Street Journal report, Marcato Capital would like Sotheby's to divest its New York and London properties.
Emirates NBD would be exiting from its remaining 15% stake in property developer Union Properties. On Thursday, the chief financial officer of Dubai's largest bank said it would be divesting its remaining ownership in Union Properties.
