Singapore's Ascendas Pte Ltd. on Tuesday said it would raise SGD600 million (USD481.6 million) to invest in real estate in India. Singapore's sovereign wealth fund, GIC Pte Ltd. would be a principal investor in Ascenda's fund.
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PayPal forges partnership with Uber Technologies Inc
Internet payment platform PayPal forged a partnership deal with car service firm Uber Technologies in a bid to reach modern marketplaces that cater to mobile-savvy customers.
India's Financial Tech sells Singapore Mercantile Exchange for USD150 million
Indian trading platform provider Financial Technologies Ltd decided to sell its Singapore Mercantile Exchange (SMX) unit to Intercontinental Exchange Group Inc (ICE) for USD150 million amid regulatory scrutiny.
Simplivity raises USD58 million in Series C funding round
Simplivity's Series C investment round was oversubscribed, raising USD58 million in capital led by Draper Fisher Jurvetson and Kleiner Perkins Caufield & Byers and participated by new and existing investors.
Blackstone's Greater China Chairman to step down from post to lead Nan Fung Group Holdings
Antony Leung, the Greater China Chairman of Blackstone Group, would be making an exit from the private equity company to become the Chief Executive Officer of Nan Fung Group Holdings Ltd.
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Forstress Investment Group unit Newcastle Investment Corp said it will be purchasing a portfolio of 52 senior housing properties from Holiday Acquisition Holdings for USD 1.01 billion.
CLP Holdings said it will be purchasing stakes in Castle Peak Power Co and Hong Kong Pumped Storage Development Co for a price tag of USD 1.8 billion.
As the value of the Bitcoin reached a landmark USD700 valuation, The US Senate committee held a hearing with experts, lobbyists and federal regulators to discuss about the potential threats, risks and benefits of virtual currency.
UK-based Aberdeen Asset Management revealed its plan to take away businesses from US investment managers such as BlackRock and Vanguard after completing the acquisition of Scottish Widows Investment Partnership (SWIP).
A request by the central bank of India to be given exemption from the provisions in Section 54 of the Competition Act, which seeks to regulate bank mergers within a certain period, India's Ministry of Corporate Affairs rejected such request.
Pennsylvania-based ESSA Bancorp Inc signed a definitive agreement to acquire Franklin Security Bancorp in an all-cash transaction that is expected to be finalized by the second quarter of 2014.
American private equity firm Blackstone Group and its affiliate Panchshil Realty acquired a 49% stake in Express Towers for INR 900 crore. The yield-generating asset was previously held by the Indian Express Group and ICICI Venture.
Young technology companies were now looking for high valuations, according to a report from The New York Times Dealbook. Dropbox is the latest among them.
France-based black car service provider LeCab raised USD6.8 million (EUR5 million) in a Series B funding round from undisclosed investors, to be used for the expansion of the company's service and manpower.
