Tata Capital had been planning to launch a private equity fund in the African region. Tata Group's financial services unit, Tata Capital had been planning to launch an Africa-focused private equity fund.
Firm Management
DirecTV adds new members to its board
DirecTV appoints Anthony Vinciquerra to its board of directors. DirecTV, in an announcement, appointed Anthony Vinciquerra to its board of directors. In another move, the largest satellite television provider in the United States also added another former executive from the Fox TV Networks to the board.
To avoid bankruptcy, OGX Petroleo may seek more cash from bondholders
OGX Petroleo, Eike Batista's flagship company, may seek more financial assistance from bondholders to avoid seeking bankruptcy protection.
Jim Rohr exits PNC to join GE
Former PNC Financial Services Group Chairman and CEO Jim Rohr had left the company to join General Electric Co. and was succeeded by Bill Demchak.
Temasek Holdings appoints new co-head for China business
Temasek Holdings appointed Dr Wu Yibing as its new co-head for China business effective October 1, 2013.
Latest News
According to a report by The Economic Times, India Infoline would be separating its brokerage business to meet banking regulations.
According to a Forbes news magazine report by contributor Peter Cohan, Western Digital's subsidiary HGST bought Virident, a flash storage supplier, for USD685 million in cash.
Renowned Middle Eastern scientist Hayat Sindi called for more investments in the field of science and technology to foster inventive spirit and innovation.
Sources told the Wall Street Journal that JPMorgan & Chase would be allocating USD 4 billion to strengthen its oversight controls.
McDonald's made a buyout offer to Vikram Bakshi as the giant fast food chain planned to effectively settle dispute between the two sides.
Walt Disney Co. announced its plans to buy back around USD6 billion to USD8 million stock starting 2014.
Shoppers Drug Mart's shareholders had cast an overwhelming vote in favor of Loblaw Co's buyout bid.
IBT Media appointed the new editor-in-chief after acquiring Newsweek from IAC/InteractiveCorp last month.
Tradeweb Markets announced signing an agreement to acquire BonDesk Group LLC. without disclosing the financial terms of the deal.
