A major trend reversal was observed in private equity investing and foreign investing by local firms in India. Venture Intelligence's recent data noted that investment by private equity and strategic investors in Indian assets surpassed amount spent by local firms to invest abroad.

Sources who were familiar with the deal said the government of Turkey and the regional government of Iraqi Kurdistan inked a deal that would allow building of new infrastructure and cooperation in existing oil and gas resources to turn the latter into an oil and gas powerhouse.

In a bid to ensure the user security of in its platform, popular Bitcoin trading exchange Mt Gox announced today that it is implementing a new one-time password card system.

New music-focused messaging app for the iPhone PingTune was able to raise GBP1 million or USD1.6 million from seed investors Rupert Hambro of JO Hambro and serial entrepreneur Dominic Perks.

23 year-old Jacob Cook's open-source project Ark OS was able to get USD45,189 in backing from 859 investors to develop a full-scale Google Reader alternative.

A statement by investment firm Vasari said its chairman, Vivian Imerman, has shown interest in acquiring Whyte & Mackay should Diageo chose to divest them in order to comply with competition concerns.

A Bloomberg recounted how the Federal Trade Commission's decision to approve the USD2.3 billion buyout deal by Hertz Global Holdings Inc of Dollar Thrifty Automotive Group Inc was a mistake.

Shareholders will be casting their votes on December 4 on the two-step deal that would see Bakrie family of Indonesia exiting from coal producer Bumi Plc.

Westports Holdings Bhd founder and Chairman G. Gnanalingam said his company is looking to partner with strategic investors to expand the capacity of Port Klang in Malaysia.

New York-based auction house Sotheby's is gearing up for its first commercial sale in China with USD212 million worth of artwork consisting of western and Chinese paintings, jewelry and furniture by Picasso, Rembrandt and Zao Wou-Ki.