According to a report by The Economic Times, India Infoline would be separating its brokerage business to meet banking regulations.
Investors
Twitter will avoid Facebook pitfalls - report
According to a Bloomberg report, Twitter Inc. was trying to avoid moves that got Facebook Inc. lost half of its value after it went public last 2012.
Solaire's owner terminates operator's contract
Solaire Casino Resort, which is owned by Bloomberry Resorts Corp, had terminated the management services agreement over the casino with Global Gaming Asset Management LLC.
Mauritius opening up to Indian banks
Indian banks are seeking to set up shop in Mauritius in order to gain from possible business the African continent would provide.
Saudi Telecom in talks to sell off Axis Telekom
Saudi Telecom, whose goal is to repay a USD1.2 billion debt, is planning to sell off its subsidiary to raise the funds.
Latest News
Cloud Security inked a common stock purchase agreement with Kodiak Capital Group. Internet security company Cloud Security Corp announced that it had inked a common stock purchase agreement with investment company Kodiak Capital Group.
General Growth Properties spent USD 567 million to repurchase shares, mostly from Pershing Square Capital Management.
ECI Partners announced the sale of its portfolio company Ascribe to MIS Group for GBP 57.5 million. ECI Partners sold IT software supplier company Ascribe to MIS Group for GBP 57.
Two Republican lawmakers questioned the time and resources spent by Securities and Exchange Commission in monitoring private equity funds.
According to a report by Forbes news magazine, the sale of Madison Square Garden Company (MSG)'s Fuse cable TV music channel was a more tactical rather than strategic move to exit from a floundering business unit.
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.
Edison Ventures announced that it has exited from Communications Lifecycle Management software firm Tango by selling the last of its shares.
A Reuters report said the growing number of equity issuance this year was a sign of positive growth.
Antitrust regulators in the European Union would review M&A deals to gauge their effects on local markets.
