The bid for Royal Bank of Scotland amounts to GBP8 billion and is being reviewed to be done by TD Bank.
Corporations
Angola imposes consumption tax on oil firms
Angola would be imposing a 10% tax on oil firms operating in the country. Angola, the second largest oil producer in Africa, would levy a consumption tax on oil companies.
Elbit Systems-made F-35 helmets allow pilots to see through jet's wings and floor
The helmets for the F-35 fighter jet would have high-tech features that allow pilots to see through the wings and floor of the F-35.
F-35 pilot helmets to be made by Israeli company
Israel-based Elbit Systems would be making the pilot helmets for the F-35 Joint Strike Fighters. The pilot helmets for the F-35 Joint Strike Fighter would be exclusively manufactured by Israel-based firm Elbit Systems and its US partner, Rockwell Collins.
Royal Mail share values jump 40% since IPO
Royal Mail shares, criticized to be valued too low, had netted hefty profits for its investors. The Abu Dhabi and Kuwaiti sovereign wealth funds have respectively reported a profit of USD30 million each from their investments made in the recently sold UK Royal Mail.
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Japan, stretched to the limit because of the increase in foreign exchange funds, is studying to have the private sector manage the funds.
A venture agreement was formalized by several prominent entities with the goal of creating 'Airport City' in the city of Manchester.
Claiming inadvertence, a service tax audit discovered an unpaid service tax of INR1.75 billion for five years by Dubai's Emirates Airline.
According to a study, airport modernization programs are necessary to improve services. According to the study conducted by the aviation consultancy firm CAPA in partnership woth aviation IT solutions provider SITA, special provisions such as WiFi inflight, use of mobile devices, self-check in areas, biometrics and e-Passports should be implented in the new airports in India.
Banking regulators now are empowered to confiscate and break up a financial institution if bankruptcy would only hurt the economy.
Because of the failure to maintain good manufacturing standards, the UK regulatory authorities have withdrawn Wockhardt's certification of good standing.
Countries such as Libya, Syria and Afghanistan as well as African countries such as Mozambique have become prime targets for Indian investments.
The position of COO was created and an old hand resigns from the company, according to Athabasca Oil Corp announcement.
Pennzoil's "Mission: ABLE" program donated three vans to three veterans for their specialized needs.
