Murthy returns as Chairman of Infosys, a post he last held in 2011. Infosys Ltd, the second largest Indian IT services firm, has faced disappointing outcomes and decreasing market share in the past few months.
Asia/Pacific
Expected Increase in Production of Robusta Coffee Sends Futures Spiraling
The production of Vietnam’s robusta coffee, which is used as the primary ingredient for instant coffee, is expected to increase in 15 months, sending its futures to its biggest nosedive since 2009.
Khazanah sells off part of stake in TNB
Khazanah, the Malaysian sovereign wealth fund has sold off part of its shareholdings in Tenaga Nasional Bhd.
Food Safety Changes: The Key to Shanghui Acquisition of Smithfield
Shanghui International Holding Ltd. stated its key to success from acquiring Smithfield Food Inc. Wan Long, the chairman of Shuanghui International Holdings Ltd.
Prime Minister Abe Faces Strong Challenges as Japan’s Capital Spending Decreases
Capital spending for Japan slides off to a 5.2% rate in this year's first quarter making Abe face challenges of restoring pledged private investment.
Latest News
Cosco Capital sells shares to raise funds for payment of debts, expansion of business and acquisition of retail ventures.
Suntory Holdings is preparing for an IPO that is projected to be the largest in Japan to date. In what is projected as the largest initial public offer in Japan this year, Suntory Holdings Ltd is projecting to net as much as 476 billion yen or US$4.
Warburg Pincus leads a consortium to invest in Vingroup Joint Stock Co. The private equity owner of the Neiman Marcus Group Inc, Warburg Pincus LLC, would be leading a consortium that would invest nearly US$325 million in Vingroup Joint Stock Co of Vietnam.
Optus Satellite is being sold in an auction by owner SingTel to raise funds for its other corporate endeavors.
China Everbright Bank is currently preparing for an IPO in the Hong Kong Stock Exchange. China Everbright Bank Co, the Shanghai bourse listed firm, has filed an application for a Hong Kong share IPO sale with a volume worth US$2 billion.
Singapore Press would be undertaking the REIT IPO of two malls in its portfolio. Singapore Press Holdings Ltd had announced last Monday that it is planning to list two shopping malls worth Sing$3.
Singapore Exchange is expanding its market by opening a menu of services for yuan denominated transactions.
Many buyout firms and manufacturing companies are eyeing the sale of Panasonic's healthcare unit.
Dai-ichi Life Ins. Co.,Ltd purchased 40% shareholdings in Panin Life of Indonesia worth 30 billion yen.
