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.

JP Morgan explores options to sell trading and physical commodities businesses. JP Morgan Chase & Co announced that they plan to step out of the business of trading and owning physical commodities which range from oil to metals.

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.

LearnVest gets US $16 million in its latest financing round led by Accel Partners. Online financial management firm, LearnVest. com, revealed on Friday that it closed US $16.