The Indian government decided to postpone its 5% divestment proposal in BHEL for the time being. Plans of the Indian government to divest in BHEL were shelved today citing the company's low share price.
Investors
Newsweek sold to IBTimes
Newsweek, after announcing it would end its print edition, was sold to online news giant IB Times for an undisclosed amount.
IBT Media acquires Newsweek
IBT Media ends weeks of speculation as it acquired Newsweek under undisclosed financial terms. In an announcement, IBT Media confirmed that it had reached a deal that acquires Newsweek from IAC/InterActiveCorp.
Hellman & Friedman agrees to purchase insurance company Hub International
Hellman & Friedman agreed to acquire Hub International Inc., an insurance company based in Chicago. San Francisco-based Hellman & Friedman agreed to acquire Hub International Inc.
Cyber Security firm ThetaRay bags investment from General Electric
Israeli-based cyber security company ThetaRay bagged a substantial investment from General Electric (GE) reported to be worth "several million dollars."
Latest News
Del Monte invested US$13 million in a banana plantation in Maguindanao province, according to recent reports.
South Korean retail chain Shinsegai said that it will continue to invest in the local market this year to boost local demand.
Private equity firm M/C Partners announced the completion of its sale of Baja Broadband to Telephone and Data Systems Inc in a transaction worth USD 267.5 million.
The governments of New Zealand and Taiwan created the Pan Pacific Capital Fund, a joint venture capital which is the first of its kind.
For the first time in over six years, activity in the services sector in the UK grew to its fastest pace.
Nine more banks were hired by Barclays to manage its rights offering next month worth GBP 5.8 billion or USD 8.9 billion.
According to data by the Financial Supervisory Service, Chinese investments in South Korea's local securities increased 42 times since late 2008.
Ultra Electronics Holdings announced the expansion of its non-military business to fuel growth as countries' defense spending drops.
Rotunda Capital announced its exit from Worldwide Express today. Mid-market private equity firm Rotunda Capital Partners announced its exit from Worldwide Express today.
