The Kolkata-based company is set to invest US $4.4 billion for a business venture on hotels. ITC Ltd is planning to invest US $4. 4 billion (INR 260 billion) to expand its business interests into the hotel industry.
Investors
Regions Financial Corp 2Q income falls 9% as expense rise
Regions Financial Corp's earnings for the second quarter showed a 9% fall as its costs increase.
Zenefits gets US $2.1 mln seed capital
California-based startup company Zenefits has secured US $2.1 million seed capital from a round led by Maverick Capital and Venrock.
Unipex acquires Biopharmacopae's cosmetic ingredients portfolio
Unipex subsidiary Lucas Meyer Cosmetics recently purchased cosmetic ingredients and IP rights from Avrio-backed Biopharmacopae.
Alfonso Soriano ends US$136 million contract with Cubs, trades to Yankees
Chicago Cubs' outfielder Alfonso Soriano completed his trade to Yankees after waiving the no-trade clause.
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Private equity firm Graphite Capital and Hawskmoor chain of steakhouse enter into an agreement regarding a buyout valued at US $62 million.
New York City Pension pledges US$ 500 million each to Apollo Global Management and CVC Capital New York City Public Pension Funds acquired their largest commitments to date to private equity via marquee funds From CVC Capital Partners and Apollo Global Management.
Ohio Transmission partners with private investor Frontenac Company. Private equity firm Frontenac Company invested an undisclosed amount on Ohio Transmission Corporation, said the latter on Friday.
Shares for Jet Airways increased dramatically after speculation of FIPB approval of Jet-Etihad deal surfaced.
Publicis Groupe SA and Omnicom Group are paving the way for the advertising industry's biggest joint venture.
Russian tycoon Alexander Nesis has sold around US$1 billion worth of shares in Uralkali to fund new projects.
The French conglomerate’s efforts to revamp its diversified portfolio begins with the sale of its stake in Activision Blizzard worth US $8.2 billion.
China Investment Corp, which has US $49 billion investment from the government, posed a 10.6% return of investment from its overseas ventures.
Indian IT services provider Wipro predicts profit increase for the next quarter. Indian IT company Wipro announced its prediction for an upsurge of demand for its consulting and outsourcing services, following the 11% increase in quarterly profit due largely to a series of high-earning contracts.
