Investors
India plans INR 110 billion investment to upgrade village water infrastructure
The Indian government would be investing INR 110 billion for the improvement of the water supply infrastructure in its villages.
Freelancer.com files for IPO, to raise USD14.2 million
Job outsourcing marketplace Freelancer.com had filed for a public listing on the Australian Stock Exchange, according to the company's announcement today.
Industry observers foresee pension buyouts in the next several years
A flurry of pension fund buyouts was projected to happen in the next succeeding years, according to industry analysts.
Hyderabad based Deccan Chronicle selling off newspaper titles
The lenders fighting over the titles owned by the Deccan Chronicle would be in dispute. The creditors of Deccan Chronicle Holdings unable to recover dues worth more than INR5,000 crore because of a dispute over the publishing titles.
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GS Caltex of South Korea had cancelled a Brazilian refiner plan over profitability uncertainties, said a Reuters report.
South Korean company Hankook Tire would be investing USD 800 million to build its first tire plant in the US.
Dutch software company Unit4 shares increased after it announced that private equity firms had approached with a EUR 35 per share buyout offer.
Philippines' Robinsons Retail Holdings Inc. had decided to cut its public offering debut price by up to a third, said a report from Reuters.
Finnish IT services provider Tieto had planned to reduce its workforce by a further 5% following last year's job reduction, said a report from Reuters.
Danske Bank dismissed its Head of Treasury Steen Blaafalk. According to a Bloomberg report, Danish lender Danske Bank had fired its Head of Treasury Steen Blaafalk.
Facebook Inc. had agreed to buy Onavo, an Israeli startup app-maker company, said a report from Reuters.
US Senators were still in negotiations regarding an agreement to reach a fiscal On Sunday, US Senate negotiations to end the fiscal crisis of the country showed signs of progress.
TCS Group priced the IPO of Tinkoff Credit Systems from USD 14 million to USD 17.50 for every global depositary receipt.
ICAO supported certification requirements now in place for new airlines for Indian air carrier applicants.