Meketa Investment Group has increased its employee ownership team. It has included seven new shareholders into employee ownership team. Meketa is optimistic on adding new expertise and talent that supports its business expansion plan across different geographies.
Industry
SunEdison to File Chapter 11, Probed By SEC
SunEdison is about to file bankruptcy protection to safeguard itself from creditors while trying to recover from its losses while it continues to operate. At the same time it is being investigated by the Securities and Exchange Commission over possible overstating.
BayWa teams with Spruce Finance to offer solar loans for US customers
BayWa has partnered with Spruce Finance to provide finance products for its solar distribution clients in the US. With regard to this partnership, dealers across the US will have access to loan products from Spruce Finance.
Central Bank expects Brazil's GDP to fall 3.5% in 2016
The central bank of Brazil expects the nation's gross domestic product (GDP) to shrink 3.5% in 2016 and inflation to hit 6.6%. The Central Bank expects Brazil's inflation rate to drop to 4.9% in 2017.
UK's service sector records 2.8% growth in January
The service sector of Britain posted a 2.8% growth in January, accounting for roughly 80% of the nation's economy. The country's GDP increased by 0.6% during the fourth quarter of 2015.
Latest News
The world's second largest economy showed positive signs as resurgent sales in the real estate sector boosted growth during March. However, China recorded drop in exports and freight segments.
McDonald’s is planning to extend its fast food empire to Asia by opening additional restaurants in Hong Kong, South Korea and China. It is also seeking strategic partnership in Japan and Taiwan.
Charles River Associates, CRA, the Boston based global consulting firm is specialized in litigation, regulatory, financial and management consulting. The firm is now expanding the finance practice through appointing James Massey as a vice president. Mr. Massey has 30 years’ experience in advising a wide range of companies covering S&P 500, private equity firms, hedge funds and so on.
Apple has launched on Wednesday a new Safari browser version, specially designed for the developers, Safari Technology Preview. It allows developers to experiment their own applications with the browser version with features like ECMAScript 6 and the B3 JavaScript JIT compiler. Apple has requested to share experience feedback to help in further developments of the browser.
Saratoga Investment Corporation increased its dividend by 2.5%. The company on Tuesday declared a quarterly dividend of $0.41 per share.
Mashable announced on Thursday to receive a new round of investment. The Series C funding was led by Turner Broadcasting.
ICICI Bank, India's largest private sector lender, has deferred its sale plan on home finance division. ICICI Bank has put its home finance division's valuation at INR 2,400 crore, while potential private equity (PE) buyers have asked for a 20 percent discount on valuation.
Investments from the US surpassed China ever since Narendra Modi became Prime Minister of India in May 2014. The encouraging economy growth is the prime reason for robust US investments in India.
India's largest private industrial conglomerate Reliance Industries Ltd (RIL) has announced that its telecom venture Jio is the world's biggest startup with an estimated investment of INR 150,000 ($23 billion). A soft launch of Reliance Jio is expected in April 2016.
