A Reuters report said Dubai made its plans public to become the center for Islamic business and sukuk issuance in the world.
Growth Equity
Ripple Labs partners with ZipZap to expand digital currency and money transfer services
Ripple Labs had partnered with ZipZap, a cash transaction network, to expand its money transfer services.
Apollo wants to increase flagship fund limit - sources
Two sources told Bloomberg that private equity firm Apollo Global Management LLC was contemplating on raising its new fund limit.
Wal-Mart said negotiations with Bharti still ongoing
Addressing concerns as to the lack of progress in its bid to open shop in India, Wal-Mart said it is negotiating with Bharti for final details.
Australian PM Abbott backs Indonesia's investment in local cattle firms
Australian Prime Minister Tony Abbott said his country would be more receptive now to foreign investment.
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Activist billionaire investor Carl Icahn said on CNBC his company had placed a USD2 billion investment on shares of Apple Inc.
Rupee's depreciation makes India an attractive proposition for US investors. India's top ranked takeover advisor Bank of America Corp identified the rupee's depreciation as the main factor in generating interest from US companies in setting up factories in India.
MongoDB announced that it was able to score USD 150 million in financing from various investors. Data management firm MongoDB said it was able to raise USD 150 million in capital commitments from its latest financing round.
Reliance Capital Asset Management Ltd performed better this year compared to last year, mainly due to increased advertising revenues.
US buyout firm TPG had opened discussions with Manappuram Finance for a possible minority shareholdings.
Severstal North America chief executive Saikat Dey told reporters in a conference call that the US arm of Russia's second largest steel producer would be focusing on getting the best returns for the company.
Multiple sources and data from purchasing contracts indicated that Intellectual Ventures had slowed down in its patent buying to raise USD3 billion in capital.
The Alibaba Group led the Series C round for Quixey, of which its latest funding round raised USD 50 million in capital commitments.
Investment advisor Jemstep said it was able to add USD 4.5 million for its Series A follow-up round.
