Deals
RBI to scrutinize pending foreign deals
The Reserve Bank of India would scrutinize pending foreign deals after the steep fall in rupee's value.
Alitalia and Etihad in discussion
Alitalia and Etihad are in discussion as to possible stake purchase from the Italian flag carrier. Alitalia is in discussion with Etihad Airways, resulting in the Abu Dhabi based airline purchasing a stake in the floundering Italian aircarrier.
Sources reveal SocGen plan to launch USD 300 million Islamic bond program in Malaysia
Sources revealed that France-based Societe Generale would be issuing a USD 300 million Islamic bond program in Malaysia.
Rexnord acquires Micro Precision Gear Technology assets
Rexnord Aerospace announced acquisition for Micro-Precision Technology assets that would allow the two companies to expand their portfolio..
Latest News
The central bank of Brazil had created an intervention plan of USD60 billion in loans and foreign currency swaps as inflation threatened the country's economy following the plunged of the real to a four year low this week.
Barring announced it plans to buy a controlling stake in Hexaware for INR1.6 million. Baring Private Equity Asia planned a controlling stake purchase in an outsourcing firm in India.
American Airlines and US Airways Group had sought for a trial that would rescheduled an anti-trust lawsuit filed against the proposed merger of the two airline companies.
Bats Global Markets Inc. and Direct Edge Holdings LLC had been in merger discussions that would create two of the biggest stock exchanges in the US.
Clayton Dubilier & Rice LLC had raised a total of USD3 billion for its ninth investment pool said sources who were familiar with matter.
Sources said KKR agreed to buy 63% in Australian healthcare operator GenesisCare. Sources told Reuters that private equity firm Kohlberg Kravis Roberts & Co (KKR) had approved a stake purchase in GenesisCare.
Maple Leaf Foods said it would be selling Rothsay, its rendering and biodiesel business, to Darling International for CAD 645 million.
The UK government announced to float Royal Mail, a 360 year old postal service company, next month and launch initial public offering by October.
Barclays Bank of Kenya signed a financing deal with the African unit of British oil explorer Marriott Drilling worth USD 13 million.
Taulia raised USD18 million in Series C funding led by Germany's Klaus Hommels among others. In a bid to expand to Europe and develop products and personnel, the company had raise USD18 million in Series C funding.




