PurThread Technologies raised USD7 million for its latest equity funding round. Renowned textile firm PurThread Technologies recently announced the closure of its latest equity funding round with pledges amounting to USD7 million.
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Kuwait's NAS providing expertise in improving Ariana Afghan Airlines
A ten year agreement was formalized between Kuwait's National Aviation Services and Ariana Afghan Airlines.
Zomato nabs USD37 million in Series D investment from Sequoia, other investors
Proceeds from Zomato's recent USD37 million funding would go towards business expansion in 22 countries, chief executive Deepinder Goyal told TechCrunch.
Rumors say BG Group Chairman Andrew Gould would join Saudi Aramco board
The Saudi Aramco board, according to unconfirmed news reports, would be joined by BG Group Chairman Andrew Gould.
Mobli obtains USD60 million investment from Slim, other investors to expand visual search engine capabilities
A recent investment round by Israeli startup Mobli had secured USD60 million in investment from Carlos Slim's América Móvil and other institutional investors.
Latest News
Chicago based law firm Freeborn & Peters had announced the hiring of Gary A. Jungels as Partner for its Corporate Practice Group.
Thomson Reuters publication IFR earlier reported that Morgan Stanley, Goldman Sachs and Standard Chartered were among the banks hired by Shuanghui International Holdings in its upcoming IPO.
Monroe Capital announced the funding worth USD27.5 million for the use of an affiliate of Sun Capital Partners Inc for the acquisition of Gem Shopping Network.
Huawei Technologies Co promised to deliver fast 5G wireless connection service to its customers. In its statement said on Wednesday, Huawei Technologies Co said it would be pouring USD600 million to improve mobile connections for consumers in the next four years.
RenoNorden, the Scandinavian waste management firm backed up by Capvest, announced the appointment of Staffan Ebenfelt as Group CEO.
Sources disclosed to Reuters that only five names, including Ford Motor Co chief Alan Mulally and former Nokia CEO Stephen Elop, were being considered to replace Microsoft Corp Chief Executive Steve Ballmer.
Chinese M&A activity was slow due to its country's leadership change while Japan and Thai tycoons led the way in 2013.
Zamin Ferrous purchases Anglo American shareholdings in Amapa iron ore mine in Brazil. The mining consortium established by Pramod Agarwal, Zamin Ferrous, had completed the purchase of the Amapa iron ore mine located in Brazil.
M/A-COM Technology Solutions Holdings agreed to purchase communications chip maker Mindspeed Technologies Inc. for USD272 million.
