The late release of government subsidy for the IFC backed Simran Wind Project Pvt forces it to shelve expansion plans.

The largest insurance firm of Austria is set to sell off nearly USD 1 billion worth of new shares to fund its Eastern European expansion.

DukeNet serves as the gateway to the Southeast United States, thus an acquisition of this magnitude was an easy choice to make.

NALCO, through a plan unveiled at its annual general meeting, would expand and invest in the energy, non-ferrous and other sectors.

Arkansas is the first of many states in the US that would receive funds for Medicaid expansion under Obamacare.

Hettich's future plans include investments in research and development as well as training. Hettich, the German furniture fittings and hardware company, who has a subsidiary in India, said it would be investing about INR500 crore in the next five years.

The China Banking Regulatory Commission had sought opinions to allow companies to set up financing firms that offer loans for retail purchases under certain parameters.

Sofitel would be opening hotels in Qatar and Saudi Arabia. Sofitel, the luxury hotel brand, is owned by French company Accor, was said to be in active discussion to sign new hotels located in Qatar and Saudi Arabia.

In accordance with its expansion plans, Fonterra Cooperative Group is now building a UHT milk processing plant in China, despite a recent poisoning scare and corruption investigations done by government.

Volkswagen AG invests new finds into the venture with FAW Group to expand the production of the plant in Foshan.