Sectors

KV Asia Capital raised USD 263 million for Fund I. Singapore-based private equity firm KV Asia Capital said that it was able to raise capital commitments worth USD 263 million for its first fund.

Harbert Management Corp announced that the interim closing of Harbert Power Fund V so far raised USD 200 million.

Qualcomm inked a definitive agreement to sell subsidiary Omnitracs Inc to Vista Equity Partners in a deal valued at USD 800 million.

Startup company Slice received USD23 million in Series B funding from Japan's Rakuten, among others.

Latest News

Sources said that the most likely bidders for Panasonic’s healthcare unit are KKK, Toshiba Corp and a consortium led by Bain Capital.

The Iraqi oil minister said ExxonMobil would sell portions of its stakes to PetroChina and Pertamina.

Baring Private Equity Asia would be acquiring Indian outsourcing firm Hexaware Technologies for USD 400 million.

China Mobile gave initial 4G contracts worth CNY 20 billion or USD 3.2 billion to both Chinese and foreign companies.

Sources told Reuters that Chinese copper company Jiangxi Copper Co could be a potential buyer for Glencore Xstrata’s Peru mine.

Nasdaq officials opted to ensure that no panic trading was to be done when they open after a 3-hour outage.

Fresh from the film success of "Man of Steel", Warner Bros has been bankrolling a 2015 production of another Superman sequel with Ben Affleck cast as Batman.

Although Nokia's restructuring efforts kept it financially afloat, Moody's predicted a wavering position for the Finnish company in the smartphone market.

Billionaire Carl Icahn announced on Twitter that he had set dinner with Apple CEO Tim Cook to discuss plans for the company's buyback program.

Smartphone accessory makers in China were not too happy about switching their product focus on non-Apple products.