Two unnamed sources said India would be selling 10% of its stake in Indian Oil Corp. India planned to sell 10% of its stake in Indian Oil Corp. That would amount to USD800 million, two sources familiar with the matter said.
Investors
Bitcoin volume in China account for a third of world's transactions
With the allowance of Baidu for Bitcoin, China's appetite for the virtual currency grows. Nearly a third of the world's Bitcoin transactions are done in China.
Transurban buys RBS tunnel debt
Transurban Group Ltd said it would buy the USD465 million debt of Cross City Tunnel from the Royal Bank of Scotland.
Bupa becomes top operator after 3 acquisitions
New Zealand healthcare company Bupa became the top operator in the region after it acquired three rest-homes in Dunedin, Gore and Riverton.
Wall Street banks mull disabling chat rooms that links traders- report
A Wall Street Journal report said big banks were thinking of blocking traders from chat rooms as regulators intensify probes on market manipulation and collusion
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Private equity-owned Numericable and Merlin Entertainments held successful initial public offerings despite holding higher debts.
Queenslands' Gambling Community Benefit Fund (GCBF) set the deadline for grant appication for solar power providers on November 30.
Property company Westfield Group announced that UK mall is up for sale. Property giant Westfield Group put its UK shopping center up for sale. The company cited expansion and development for other stores as the reason for this sale.
Monier Group Services was able to get an extension for its debt even without the backing of all its creditors after London's High Court decided on the matter.
Singapore investor Temasek Holdings and private equity firm Hopu were among the five investors set to buy a USD213 stake in China Mengniu Dairy Co Ltd.
Ayala Land Inc has pursued its plan to acquire a portion of IRC Properties Inc's lot in Binangonan, Rizal in the Philippines.
Andreesen Horowitz, the venture-capital firm Marc Andreesen, sold 2.28 million of its Facebook shares.
Moncler would need to offer more than skiwear if it wants its initial public offering to be a success, according to a Bloomberg report.
Extreme athletics showcase Nitro Circus announced it would become one with the touring company that helped produce its live programs.
