India's biggest producer Tata Steel is looking for a comeback with a 30% rise in share price this year, prompting an industry observer to suggest that investors sell their Tata stake now.
Sectors
EQT backs growth of Swiss Smile
Private equity company EQT invested CHF 44 million in Swiss Smile. Nordic private equity firm EQT announced that it has backed Swiss dental chain Swiss Smile with a CHF 44 million investment.
MannKind says Afrezza effective in late-stage trials
MannKind Corp revealed that Afrezza proved to be effective in two late stage studies. MannKind Corp announced a major breakthrough in its diabetes therapy drug Afrezza.
DoCoMo to select Fujitsu, Sharp, Sony smartphones for winter lineup - sources
Sources said DoCoMo would select from the smartphone models of Fujitsu, Sharp and Sony for the company's major winter product lineup.
BC Partners schedules Foxtons IPO for August: sources
Sources said that BC Partners Ltd would be holding its IPO a month earlier than originally planned. Sources told Financial News private equity company BC Partners Ltd (formerly Baring Capital Investors Ltd) was preparing its initial public offering (IPO) for its Foxtons Ltd shares this August.
Latest News
Billionaire Carl Icahn's tweet influenced Apple share prices, making the leading tech company's stock valuation rise by as much as USD17 billion.
Tencent upgraded WeChat as the Chinese company hoped to boost its revenue through addictive games on mobile devices.
Finland's pension fund and largest private investor Varma said it would be increasing its equities investments for the second quarter of 2013.
Baidu Inc said it would be purchasing 91 Wireless, an app store, for USD 1.85 billion. Baidu Inc announced that it had agreed to buy Netdragon Websoft Inc's app store.
A report from Digitimes said HTC would most likely "drift away" from Windows Phone so that it could focus on its Android smartphones.
According to investors, startups that could generate revenue would keep on growing since venture capitalists are attracted with their capabilities.
Liberty Global said it would exhaust all legal avenues to fight a recent decision issued by a German court nullifying its purchase of a cable firm
An independent foundation of KPN questioned billionaire Carlos Slim's motive for bidding for the remaining shares of the Dutch firm that he does not already own.
Facebook revealed the number of daily users from the US and UK to attract advertisers in spending more money in the social network.
