America Movil had announced today its support for the purchase of E-Plus, Telefonica's German unit.
Sectors
RBI allows NRIs to invest in India's primary and secondary markets
The Reserve Bank of India had allowed non-resident Indians to purchase shares from Tai Industries and Madras Aluminum Company.
BBA and DAE discuss possible merger of 'certain parts of its business'
BBA and DAE discuss merger possibilities. The world's largest producer of bases for business jets, BBA Aviation Plc was in discussion with Dubai Aerospace Enterprise Ltd, an aircraft leasing company, as to the combination of their business enterprises.
ING sells Korean life insurance unit to MBK for USD1.7 billion
ING Groep NV had sold its South Korean insurance unit for USD1.7 billion to MBK Partners Ltd. MBK Partners Ltd. is an Asian buyout company which was formed by ex-Carlyle Group executives.
Uralkali CEO in custody after holding potash talks in Belarus
Uralkali CEO Vladislav Baumgertner was held in custody after holding potash discussions in Belarus. OAO Uralkali Chief Executive Officer Vladislav Baumgertner was detained in Belarus.
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Acquia Inc. hired a new chief financial officer before it would start discussions with banks for an IPO.
Carlos Slim gives support to Telefonica's buyout of Royal KPN NV. In a surprise move, Carlos Slim's America Movil SAB gave its 'irrevocable commitment' to vote in favor of KPN's E-Plus unit's sale to Telefonica Deutschland Holding AG.
Anadarko sells part of its stake in Mozambique property to Oil and Natural Gas Corp. Ltd. for USD2.64 billion.
Canva launched a new tool for design creation and collaboration through a USD3 million in seed funding.
An analysis by Bloomberg said that the next CEO of Microsoft would face a lot of big choices to make after Steve Ballmer's resignation.
CNH Industrial COO Richard Tobin is the new CEO of the merged company between Fiat Industrial and CNH Industrial.
Private equity exits in India had doubled amid the weakened currency, unstable market capital and poor macro-economic conditions.
The second part of the trial on patent infringement between Microsoft and Google's Motorola will continue this week.
IILM Corp's debut sukuk was oversubscribed according to reports. The International Islamic Liquidity Management Corp, which is based out of Malaysia, announced on Monday that it had auctioned USD490 milion in sukuk bonds.
