Mumbai, India-based financial services firm Financial Technologies (FTIL) will sell its commodity handling unit National Bulk Handling Corp (NBHC) for INR242 crore as the company goes through an investigation related to fraud allegations.
Investors
Australian coal miner Waterberg raises A$2.4M from equity issue to Investec
Perth, Australia-based coal miner The Waterberg Coal Company Ltd raised A$2.4 million from an equity issue to London, UK-based investment firm Investec Asset Management to gain additional working capital for its current project.
California machine learning startup Wise.io pockets $2.5M in Series A round
Berkeley, US-based machine learning startup Wise.io pocketed $2.5 million in its first round of funding which was led by Voyager Capital to let its clients build machine learning models for customer behavior analytics.
Content Media acquires Chinese media producer Alive Group
Santa Monica, US-based media entertainment firm Content Media Corp acquired Beijing, China-based producer Alive Group for an undisclosed amount to gain access to the booming Chinese market.
OKCoin raises $10M in Series A round to become China's biggest Bitcoin exchange
OKCoin raised $10 million in a Series A funding round led by Chinese venture capital firm Ceyuan to become the biggest Bitcoin exchange in China according to trading volume.
Latest News
Five India-based companies have shown their interest in investing in the Zamboanga City Special Economic Zone Authority and Freeport (ZamboEcozone) during a recent business forum in Makati, Philippines.
American e-commerce giant Amazon is planning to hire hundreds of workers for its fourth fulfillment center in Kent, Washington, where customer orders will be packed and shipped.
Sina Weibo, the China-based microblogging and social media site, has filed its IPO prospectus with the US Securities and Exchange Commission to raise as much as $500 million in its planned US debut, TechCrunch reported.
Palo Alto, US-based beauty box retailer Memebox, which was imported from South Korea, bagged $1.5 million in venture funding to establish its presence in the US.
Nigeria-based mobile security startup i.Sec nabbed $10 million in a funding round from private equity group Synergy Capital to prepare for its public launch this May and for other undisclosed purposes.
India-based fabric and clothing firm Arvind closed the acquisition of a 40% stake in Calvin Klein India from the Murjani Group and Matrix Partners in a deal valued at INR100 crore, according to sources familiar with the deal.
Ireland saw a 6% increase in its venture capital activity with the help of private investors who poured in £237 million (€284 million) in investments in 2013.
Local private equity firm Fireman Capital Partners (FCP) picked up a majority stake in a Dunkin' Donuts franchise group in Florida for an undisclosed sum.
Maruti Suzuki India Ltd said it will be asking its minority stakeholders to approve the plan of parent firm Suzuki Motor to build a car plant in Gujarat, Bloomberg reported.
