The Indian telecom department is nearing the completion of the new policy guidelines to govern the mergers and acquisitions in the industry.
Investors
Britain encouraging banks to create sharia compliant instruments
Seeing a possible windfall of money from oil and gas rich investors, Britain is urging banks to create instruments to address the USD2.6 trillion market by 2017.
Egypt returns USD2 billion to Qatar
The return by Egypt of USD2 billion to Qatar is a sign of growing tensions between the two countries.
Pressure is on for Apple's big iPhone launch
Investors and analysts would be closely watching how many units Apple's new iPhones would sell on opening weekend.
iOS 7 download issues frustrate users
Users take to social media to air their frustration when they failed to successfully download Apple's newest operating system, the iOS 7.
Latest News
In its first acquisition in the country, L'Oreal recently announced the acquisition of Cheryl's Cosmeceuticals to enhance its product line.
Synthetic antibodies maker Indi Molecular closed its seed round with USD 1.5 million. Indi Molecular announced the close of its seed funding with USD 1.
Cybersecurity software developer FireEye Inc raised USD 304 million for its IPO. Cybersecurity firm FireEye Inc was able to raise USD 304 million for its initial public offering.
Reuters reported that Monte dei Paschi di Siena was slated to announce a drastic recovery plan to avert a government takeover.
South African billionaire John Rupert bought Mystery for ZAR 40 million. A billionaire bought a bull for ZAR 40 million or USD 4. 1 million. John Rupert, the richest person in South Africa, led a group that purchased Mystery, a Cape Buffalo bull.
Sources told Bloomberg that LVMH was already nearing a stake purchase in Anderson. Sources told Bloomberg that luxury goods maker LVMH Moet Hennessy Louis Vuitton was close to buying a stake in J.
Ballmer made an impassioned plea to investors of Microsoft stock as well as took stock of his work as CEO of Microsoft.
The Department of Transportation and Communications said the bidding for the PHP 17.5 billion airport project was set for November.
Global equity funds recorded the highest inflows the week before the US Federal Reserve announced its monetary policy.
