Wal-Mart’s expansion to India was stalled after stating that the company needs around 12 to 18 months before it can open its first retail outlet in the country.
Deals
Mobileye Raises US$1.5 Billion From Investors
Mobileye announced raised US$1.5 billion worth of funds from 5 investors. Mobileye announced that they were able to raise funds from five investors worth US$1.
Japan Mergers Hit Lowest in Nine Years while Yen Unstable
Japanese mergers affected by volatile yen. Japan has hit the lowest number of deals since 2004. The number of mergers in the first two quarters of 2013 was 997 with a total valuation of US$45.
ADV Studies Acquisition In Eastern Europe and Latin America
The Adveo Group is studying acquisition prospects in the Latin America and Eastern Europe markets Adveo Group International SA (ADV) announced that they are studying acquisitions to enter the fast growing markets of Eastern Europe and Latin America.
Shazam Receives US$40 Million From Carlos Slim
Smartphone app developer Shazam received US$40 million worth of investment from billionaire Carlos Slim.
Latest News
BP PLC and Royal Dutch Shell opted to hold funds for four current investments Royal Dutch Shell and BP PLC halted funds for four separate investments, executives at BP and Royal Dutch Shell said in interviews.
DVK Group partners with a Qatari royal to establish a Shariah compliant investment fund for women business leaders.
Gulf Marine Services receives loan facility worth UAE1.32 billion or US$360 million. On Sunday, the Abu Dhabi Islamic Bank had closed a syndicated Islamic loan facility valued at UAE1.
Thaksin Shinawatra, the former Thai PM, would purchase the Bakrie family interest in Bumi Plc. Thaksin Shinawatra, the former Thailand prime minister, has been in discussion to purchase the 23.
Reliance Communications would be listing its real estate business into a separate unit. The Reliance Communication of India has announced it would be spinning off its real estate business to a separate unit.
ProSiebenSat.1 owners, namely KKR and Permira, are seeking to either sell off shares or sell the whole firm to another media outfit.
Temasek Holdings denies approaching the UK government for its Lloyd Banking Group shareholdings. Temasek, the Singaporean sovereign wealth fund manager, has confirmed it had not approached the UK government as to the purchase of a part of state's shareholdings in Lloyds Banking Group.
According to a report by German magazine Wirtschaftswoche, Siemens and Stadler are planning to form a joint venture.
Mervyn Davies is planning to purchase part of the shareholdings of the UK government in Lloyds Bank.
