AirAsia India investor Arun Bhatia said he would question the Tata-Singapore Airlines joint venture after claiming he and AirAsia head Tony Fernandes were not informed about the transaction.
Deals
PE firms in China clamor to sell matured assets
In a bid to appease investors, private equity firms in China would be resorting to selling off its maturing assets to return profits while waiting for the reopening of the mainland's IPO listing market.
Camelot nears privatization by raising its buyout offer
The management of software outsourcing company Camelot Information Systems raised its buyout offer to USD98.2 million.
Samsung's Cheil to sell fashion unit
Chiel Industries Inc., a unit of Samsung Group, announced to sell its fashion business and focus more on electronics materials.
Homebuilding approvals increase 49% in UK
According to a Bloomberg report, as the UK government sought to boost mortgage lending and building permits became easier to get, home building approvals increased 48% in the country.
Latest News
Wang Jianlin announced his biggest single investment in the movie and television industry valued USD8.17 billion.
An official from the Czech mining group New World Resources said on Sunday the company would close a deal to put its coking plant on sale by year's end.
In an agreement with United Development Company, Qatar National Bank entered a credit loan facility to purchase units at The Pearl-Qatar.
R Hotel's investment plan is to expand its hotel line from three to six with an AED1.5 billion investment.
India Infoline Finance Ltd. said today that it had raised INR900 million through a public issuance of secured redeemable non-covertible debentures (NCD).
Senaat, because of surging stock values, had engaged the services of banks to run its IPO. Senaat, Abu Dhabi holdings firm, owns companies such as National Petroleum Construction Co, has engaged the services of HSBC Holdings Plc and JP Morgan Chase & Co for a share sale.
Aegis is looking at Asia, Europe and South America for possible acquisitions called 'tuck-ins'.
Harvard is setting the bar at USD6.5 billion for the improvement of campus, programs and housing in the university.
A number of domestic milk producers were chosen by Chinese authorities as recipients of state subsidies and tax breaks.
