Industry

SBI chairman Pratin Chaudhuri said that the State Bank of India needed Rs3000 crore to merge with one of its associates banks.

More US Senators are getting concerned with the Shuanghui-Smithfield deal and urged thorough review regarding planned acquisition.

According to the Nikkei newspaper, Mitsubishi UFG Financial Group of Japan paid US$4.1 billion for the acquisition of Thailand's fifth largest lender, the Bank of Ayudhya.

John Mattera, former hedge fund manager of Praetorian Global Fund Ltd. was sentenced 11 years of imprisonment after pleading guilty to Facebook and Groupon scam.

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On Friday, UBS AG surrendered its banking license in India after battling several allegations of money laundering.

On Friday, Al Noor floated in the London Stock Exchange and made its debut at GBP5.75 per share piece.

Spreadtrum, a Chinese cellphone chip designer said it received a buyout proposal from Tsinghua Holdings priced at US$1.38 billion.

According to Morgan Stanley, it has received a clearance notice to acquire the remaining 35% stake in its joint wealth management firm.

According to sources, Blackstone is interviewing banks for the initial public offering of its shopping center company, Brixmor Property Group Inc.

Sun Life Financial Inc. said on Friday that the delay of its US annuity business is likely to happen as regulators conduct reviews of private investor groups.

Belgium's postal service, Bpost made a robust debut in the market on Friday which bodes UK's Royal Mail.

Indonesia’s IPO market overturned after foreign and local funds exit from Jakarta after being threatened with a wave of global volatility and valuations.

Russia's Rosneft agreed to double its oil supplies to China on Friday. (Photo : Reuters)The image shows the company logo in a Rosneft petrol station.

SoftBank executive Masayoshi Son announced confidently that the deal offered for Sprint will be completed in July.