HSBC Holdings would be winding down the operations of its InvestDirect Securities unit in India. HSBC Holdings would be exiting its India-based retail broking and retail depository services unit in India.
Asia/Pacific
Dianping.com value higher than Yelp or Groupon - CEO
According to its CEO, Dianping.com's value is higher than Groupon and Yelp or about USD10 billion.
BBVA sells off shareholdings in CITIC Bank
In a move to comply with local regulations as well as economic slowdown in China, BBVA would be able to sell off some of its shares in CITIC.
Hyundai Steel to make Hyundai Motor as its captive customer
The takeover of the Hysco businss ensures steady supply of steel for Hyundai Motor Corp. Parent company Hyundai Steel Co had laid out plans to take over the core business of its subsidiary Hyundai Hysco Co.
New Silk Route acquires Moshe's
For an undisclosed amount, private equity firm New Silk Route acquires Mediterranean cuisine restaurant Moshe's for expansion purposes.
Latest News
A Blackstone Group-led consortium would privatize Pactera Technology. A buyout group led by private equity firm Blackstone Group would be taking China-based Pactera Technology International Ltd private.
Private company intelligence firm PrivCo predicted that Alibaba's valuation would be at USD110 billion should the company go public.
Beijing Enterprises Water raised USD 145 million from selling shares to its controlling shareholder Beijing Enterprises Environmental Construction.
Last Wednesday, Tata Docomo unveiled to the public a SAAS based business and office based productivity solution.
British retail giant Tesco Plc is partnering with Tata conglomerate subsidiary Trent to open stores in India.
Singapore Exchange's provisions on Asiasons Capital Ltd planned share sale may endanger the investment firm's buyout plan in Black Elk Energy Offshore Operations LLC.
A group of private equity investors, SoftBank and eBay had pumped in around USD150 to USD200 million worth of new funding to online marketplace Snapdeal.
Lehman Brothers' Australian creditors had approved a proposed insurance payment plan that allowed the company to receive around USD48 million.
Orient Corp, a Japanese consumer credit company, had been probed by authorities for lending to crime groups with Mizuho Financial Group Inc.
