Blume Ventures, an early stage investor, is set to launch its second venture capital in May or June this year. It will invest a significant portion of its capital to the existing companies in Blume's portfolio, The Economic Times reported.
Sectors
Dubai's Dragon Oil buys into petroleum block in the Philippines
Dubai, United Arab Emirates (UAE)-based oil and gas firm Dragon Oil Plc inked a deal to acquire the 40% stake of Australia-based firm Nido Petroleum Ltd in Service Contract (SC) 63, a petroleum block in Palawan, Philippines.
Sweden's Vattenfall Europe AG to divest 74.9% stake in power grid back to Hamburg- report
Vattenfall Europe AG will be selling back to Hamburg the 74.9% stake it holds in the city's power grid operator after the citizens agreed on a repurchase, a Bloomberg report said.
France divests $614M Airbus stake
The French state divested a 1% stake in Netherlands-based aircraft and defense firm Airbus Group for €451 million ($614 million), according to the French economy minister.
Survey shows UK firms on spending spree in advertising at fastest rate ever
Advertising spending in the UK for the third quarter of 2013 has hit the fastest pace recorded according to a survey from IPA Bellwether, the Financial Times reported.
Latest News
As far as investment banking fees go, Bank of America outperformed JPMorgan Chase & Co since it acquired Merrill Lynch & Co in 2008, Bloomberg reported.
San Francisco, California-based customer-tracking software maker Zendesk has sought the services of Goldman Sachs to lead a potential initial public offering (IPO) set later this year.
Patients with a single illness who take many drugs have an increased risk of being admitted to hospital, but for patients with multiple conditions, taking many medicines is now associated with a near-normal risk of admission.
Tech giant Google acquired Redwood City, California-based anti-spam company Impermium for an undisclosed amount, according to an announcement made by Impermium's chief executive on the company website.
Marvell Technology Group Ltd on Wednesday said it is not in talks with KKR & Co on a major transaction such as a buyout, a little over two weeks after the private equity firm reported a 6.8 percent stake.
Canada-based Saputo Inc is closer to its takeover attempt of Australia's Warrnambool Cheese & Butter Factory Co as Bega Cheese Ltd said it had agreed to sell its holding to Saputo, Bloomberg reported.
Philippine-based food and beverage manufacturer RFM Corp bought the Royal brand and pasta business from UK-based firm Unilever Group in a deal valued at approximately $47.8 million (PHP2.1 billion).
Beverage companies who want to get a piece of the pie in the fast-growing instant coffee market in Asia will find that the best firm for a takeover would be Super Group Ltd, Bloomberg reported.
Paying online purchases with Bitcoin is not something new but paying taxes using the digital currency is and SnapCard is the startup that makes that possible, according to Forbes Contributor Ben Kepes.
