According to two sources, KKR would acquire Gland Pharma for INR1 billion and would push through by the end of the month.
Asia/Pacific
PetroChina wants to invest in Russian gas fields- sources
Sources told Bloomberg that PetroChina Co has set aside USD 10 billion to invest in gas fields in Russia.
Philippine regulator accepts development project proposals under Italy's development program
The Philippines' Department of Finance announced that it had begun to accept development proposals under the Philippines-Italy Debt for Development Swap Program.
Japan starts study of LNG joint purchase program next month
The government of Japan announced that by next month, it would begin to thresh out the details of a joint procurement plan for the purchase of liquefied natural gas.
South Korea Pension Fund increases stake in local firms as it eases disclosure requirement
The National Pension Service of South Korea increased its stake in six local companies as the government lengthened disclosure times for share purchases over 10%.
Latest News
The Indian Telecom Commission had cleared the planned exit of Telecommunication Consultants India (TCIL) for its 30% stake in Bharti Hexacom.
An extended rally for the benchmark gauge this year had marked the increase in Asian stocks. Asian stocks had increased which marked an extended rally for the benchmark gauge this year.
The sale of expensive homes in South Mumbai had dropped by 10% from 30% two years ago with rental yields decreasing by more than half.
China's August inflation data showed that the country's economy is stabilizing after signs of improved export demand and targeted support measures.
The award to Tokyo as the 2020 Summer Olympics host leveraged to pass gambling casino legislation. Two major gaming firms, Las Vegas Sands Corp and MGM Resorts International are searching for sites to build casinos in Japan.
The China Business News reported five officials of PetroChina were detained, a report that was denied by the oil company as 'inaccurate.'
Sources said China Huishan Dairy Holdings would be filing for a Hong Kong IPO to raise USD 1.3 billion.
The rule increasing the processing time from five to fifteen days was met with waves of complaints as it hinders business operations.
Marubeni-Itochu Steel announced its purchase of US pipes trader Sooner Inc for USD 600 million. Marubeni-Itochu Steel Inc said it would purchase Sooner Inc for USD 600 million.
