Jitendra Bhargava details the corruption and the mismanagement that led to the collapse of Air India.
Funding
Investor valuation sought to be raised for OAO RN Holdings
Investors seeking a higher violation for shares of OAO RN Holdings, a subsidiary of OAO Rosneft. Templeton Emerging Markets Group Chairman Mark Mobius said the OAO Rosneft offer to purchase shares in OAO RN Holding must be pegged above RUB67 or USD2.
Budget impasse and debt crisis may form into economic superstorm
With Congress working feverishly, the current budget impasse and the debt ceiling may become an economic superstorm.
New investments keep Alitalia flights on time
Alitalia remains operational because of capital infusion from Il Poste and Italian banks. Poste's investment in Italia is a move to allow the airline to keep operating and keep itself searching for foreign partners without denigrating itself.
Tokyo Electric receives reprieve from debt through roll overs
Tokyo Electric's debtors allow debt roll over for the stricken power utility firm. Twenty eight financial institutions, including Sumitomo Mitsui Banking Corp have agreed to roll nearly a JPY77 billion or USD783 million syndicated loan for Tokyo Electric Power Co due to become mature by month's end.
Latest News
Social marketing tech startup Bread was acquired by Yahoo Inc to improve revenue potential of its ad products.
State-backed China National Offshore Oil Corp might have overpaid for the acquisition of Canada-based Nexen Inc, according to a Reuters special report.
Cloud web hosting and domain service provider Endurance International Group Holdings would undertake an IPO soon.
Bain Capital Fund XI, with a projected USD6 billion, is now worth USD2.3 billion. Bain Capital was able to raise about USD5 billion for its eleventh buyout fund.
The IPO of CommScope Holding Co is expected to reap USD800 million. Commscope Holding Co, the telecommunications equipment firm, had set pricing terms for its IPO.
Activision regains independence after it bought back shares from Vivendi SA. A group led by Activision CEO Bobby Kotick in partnership with Activision Blizzard Inc recently completed a buyout worth USD8.
Community pool operator AlphaMetrix Group LLC recently fired its CFO as it grapples with liabilities far greater than its liquid assets.
The Catapult Group provides service and administrative support for contract affiliates. The most recent fund of the Natural Gas Partners, NGP Natural Resources X LP as well as NGP Energy Technology Partners LP had pledged significant capital commitments in order to establish the Catapult Group.
The price of USD315 million is what KIK Customs paid for Chemtura Corp's consumer product business.
