SpiceJet has accepted Niel Mills' filing for resignation as CEO of the budget carrier. Indian budget carrier SpiceJet announced today that it accepted its chief executive officer's resignation request.
Asia/Pacific
Chinese watchdog announced recall of BMW vehicles
The General Administration of Quality Supervision, Inspection and Quarantine announced that BMW Brilliance Automotive Ltd will recall 143,215 vehicles for electric power steering system problems.
KKR keen on mezzanine deals in Australia
A KKR executive revealed that his firm was keen on investing in structured debt and mezzanine deals in Australia.
Northstar Group buys ERA Realty Network
Northstar Group announced it had bought ERA Realty Network for US$100 million. Northstar Group, an Indonesian private equity firm, revealed it had obtained ERA Realty Network for over US$100 million.
Red Fort Capital to launch new fund
Sources said Red Fort Capital is to launch a real estate fund worth between US$500 million and US$750 million.
Latest News
The Indian finance head attempted to gather support from opposition leaders for the passing of insurance and pension sector bills.
The Japanese debt watcher raised the Philippines' credit ratings recently. Rating and Investment Information Inc, a debt watcher from Japan, recently upgraded the Philippines' credit outlook from "stable" to "positive" due to progressive changes in the country's fundamentals.
Luxury wine brands said they will be investing in China. Big names in the wine industry such as Chateau Lafite-Rothschild and Dom Perignon announced today that they will pursue investments in China's rural areas.
China's top decision-making body said that it will work to ensure the growth of its economy. The Politburo, China's top decision-making body, declared that it will ensure the growth of its economy.
Japanese executives will attend a meeting in Myanmar to discuss future investment ventures. Representatives from over 20 Japanese companies planned on visiting Myanmar to look for possible business ventures and investment opportunities, according the Union of Myanmar Federation of Chambers of Commerce and Industry or UMFCCI.
According to optimistic analysts, India is still on track to becoming the net super economy if only industrial houses continued to invest.
The Indian currency continued to decline, prompting investors to shy away from investing in the country.
Chinese organizations accused Apple Inc's supplier Foxconn and Taiwanese supplier UniMicron Technology Corp of environmental violations.
Institutional investors, who own most of MCX's shares, panicked after shares of the company slid in the last quarter.
