The experience of some Muslim dominated countries as to tapping Islamic pension funds for capitalization had reaped benefits.
Deals
Prime Minister says Mongolia to sell Samurai bonds
According to a statement from Mongolia's Prime Minister, the country would sell its Samurai bonds this year in a deal valued to as much as USD1 billion.
Westfield sells U.S. malls to Starwood
Westfield Group said it would sell its seven US shopping centers to Starwood Capital in a deal valued at USD1.6 billion.
Egypt's Citadel Capital plans capital hike
Egyptian private equity firm Citadel Capital said on Sunday it would increase its capital following the clearance it had won from the company's shareholders.
Koor Industries sells additional shares in Credit Suisse
Koor Industries had sold another 5.5 million shares in Credit Suisse. The sale was valued USD169 million said the Israeli holding company on Sunday.
Latest News
In an interview, Donatella Versace confirmed the near finalization of a deal with a minority stakeholder.
About INR900 crore had been earmarked for Tata Sky's format upgrade. Tata Sky, the direct-to-home television operator, had drawn plans to invest its INR900 crore this fiscal year on technology upgrades in order to reach out and achieve a 30% growth in subscribers.
The INR3,000 crore investment this fiscal year by Tata Motors would push through despite economic slowdown in India.
The network branches of India Infoline Finance had been set to expand its clientele and service offerings.
Tom Bolland, current COO of Lehman is helping wind down the bank's business. Tom Bolland, current chief operating officer of Lehman Brothers International Europe, is under the employ of Tony Lomas, joint administrator and PriceWaterhouseCoopers Partner, is providing assistance as the bank winds down its business and maximizes its recoverable assets.
With an increasing number of clients needing private air carrier services, both VistaJet and NetJets are scrambling for the Indian market.
After unwinding the most complex bankruptcy case in history, Lehman Bros would be paying out full value to its European creditors.
West Virginia State Senate President Jeff Kessler is proposing a Future Fund levy for the natural gas to be extracted from the state for its future spending.
After the US Federal Reserve announced thw cutting back its bond buying program, investors who had entered Asia last four years ago were set in fears and had started exiting financial markets.
