The Indian government decided to postpone its 5% divestment proposal in BHEL for the time being. Plans of the Indian government to divest in BHEL were shelved today citing the company's low share price.
Asia/Pacific
Indiareit Fund Advisors raises INR300 crore for its newest fund
Indiareit Fund Advisors announced that it had raised up to INR300 crore for its Indiareit's Domestic scheme V worth INR1000 crore.
LivQuik receives backing from Snow Leopard Technology Ventures
LivQuik Technology stated it had received the support of Snow Leopard Technology Ventures in an effort to expand its operations and enhance the image of their products.
Sony says no to Loeb proposal of partial sell of entertainment unit
The board of directors of Sony Corp said no to the proposal of Daniel Loeb to partially sell its entertainment business.
Japan fund moves away from bonds to invest more in stocks
Sources said the Federation of National Public Service Personnel Mutual Aid Associations in Japan is looking to consider a shift in policy that would allow them to invest more in stocks and less in government bonds.
Latest News
Del Monte invested US$13 million in a banana plantation in Maguindanao province, according to recent reports.
South Korean retail chain Shinsegai said that it will continue to invest in the local market this year to boost local demand.
The governments of New Zealand and Taiwan created the Pan Pacific Capital Fund, a joint venture capital which is the first of its kind.
Samsung lost US$1 billion in market value after the US President Barack Obama vetoed the import ban on Apple's products.
According to data by the Financial Supervisory Service, Chinese investments in South Korea's local securities increased 42 times since late 2008.
South Korea expressed its concerns regarding the Obama administration’s decision to overrule a sales ban of Apple’s iPhone 4 and iPad 2.
The Bank of Japan (BOJ) would most likely hold on to its present monetary policy as the Japanese economy shows signs of improvement, sources told Reuters.
Analysts said that if Nintendo's sales continue to drop, it would need to consider putting its games in app stores.
Data from Private Equity International and Thomson Reuters revealed that private equity companies are now Asia's new bankers.
