Diageo PLC announced that they have acquired stakes in United Spirits Ltd. Diageo PLC announced that they have acquired a 25. 02 % stake in Vijay Mallya-led United Spirits Ltd (USL).
Sectors
Nikkei: Panasonic Closes Hungary Solar Cell Factory
Panasonic Corp decided to close its Hungarian solar cell plant after the yen weakened and would transfer its equipment to other plants in Asia.
Telenor Appoints Stein-Erik Vellan as CEO of Globul
Telenor appointed Stein-Erik Vellan as CEO of Globul. Telenor announced Stein Erik Vellan as the new CEO of Globul, Bulgaria's second largest mobile operator, with a 36% market share.
GM's new no-frills van pushed up sales in Indonesia
General Motors wanted to compete with Japanese auto-makers who dominate Indonesia by launching its no-frills Spin van.
GDF Suez Considers French Bid For Nuclear Reactor Project
GDF Suez is highly considering taking an active role in a French bid GDF Suez is considering taking an active role in the French bid for the nuclear reactor project in Saudi Arabia.
Latest News
British Land’s new investment was expected to boost earnings earlier than planned. British Land said that its investments, now totaling over £750 million, would be expected to boost the company's earnings earlier than planned.
Smiths Group and two of its UK pension schemes came upon an agreement. Smiths Group Plc announced that it had come upon an agreement with two of its major UK pension schemes.
Money influx hurt China money market rates. Money market rates fell after the Chinese government announced injection of funds into an interbank market system.
Unilever announced increased in stake holdings for Hindustan Unilever, the company’s Indian unit, for Eur2.45 billion.
China probes Tetra Pak for possible market dominance China probes Tetra Pak, the world renowned Switzerland-based food-packaging company for any possible abuse when it comes to market dominance.
Colin Benner, founding board member of Dalradian, resigned from the company's board on Thursday.
South Korea's SK Energy returns to the naphtha market and makes 35,000 tonnes purchase (Photo : Reuters)SK Energy of South Korea buys 35 tonnes of cargo from Oil and Natural Gas Corp SK Energy, South Korea's top refiner bought 35,000 tonnes from Oil & Natural Gas Corp.
Premier African Minerals Ltd. acquired contol of 42% common stocks in Ethiopian Potash Corp. (Photo : Reuters)The image shows the logo of Ethiopian Potash Corp.
After China's interest in the Pak-Iran pipeline project, the ties between the two countries are said the have been strengthened.
