India's richest man Mukesh Ambani lost a total of 24% of his wealth after the valuation of the rupee decreased.
Investors
IIS and Drivewyze completes Series A funding round
IIS and Drivewyze raises USD7.5 million in its latest Series A funding round. Sister firms Intelligent Imaging Systems and Drivewyze have jointly announced the completion of its latest round of funding that raised USD7.
JackBe Corp acquires Software AG
JackBe Corp purchases Software AG for an undisclosed amount. As the advisor in the sale, Clearsight Advisors had recently announced the completion of another transaction in the Big Data market.
Panda Power Funds builds new power plant
Panda Power Funds provides financing for the construction of a new power plant from Moxie Energy. Dallas based private equity firm Panda Power Funds announced the completion of the acquisition of the planned 829 MW natural gas powered generating station for Moxie Energy.
Kamcord gets another USD1 million seed funding
Kamcord received USD1 million new seed funding after it had previously gotten an accumulated fund of USD1.5 million.
Latest News
Regenerative tissue engineering firm TissueTech Inc closed its latest round with USD 10 million. TissueTech Inc successfully closed its latest fundraising round.
Germany-based North Channel Bank acquired California-based NorthStar Life Services LLC that would strengthen its presence in the life settlement industry.
TagMan scored USD 5 million in a funding round led by Greycroft Partners and iNovia Capital. TagMan said it has received capital commitments worth USD 5 million from various investors.
Semiconductor maker TranSwitch Corp raised USD 2.5 million from Ilex Partners. TranSwitch Corp said it raised USD 2. 5 million in equity investment from private equity company Ilex Partners.
Medical device maker Infraredx Inc said it received a USD 25 million equity investment from Nipro Corp.
MicuRx Pharmaceuticals Inc announced the successful closing of its Series B round with USD 25 million.
Geely Automobile Holdings announced it would start to offer cars it had developed with Volvo in 2015.
New World Resources said it would be selling its OKK coking plant to offset oil price declines, of which had caused losses for the company.
State-owned PetroChina Company Ltd said it was discussing with relevant parties about developing the West Qurna oilfield in Iraq.
