India's CPSE was urged by the finance minister to either invest its surplus funds or give to those who will.
Investors
SEBI creates guidelines for Indian angel investors
Angel investors in India opposed a new three-year lock in rule by Sebi. (Photo : Reuters)This is an image of the Indian flag. The biggest angel investor group in Asia, India Angel Network, stated its apprehension over Sebi's proposal to do a lock in period for angel investors lasting three years.
Billionaire Jhunjhunwala buys exit stake
Indian billionaire Jhunjhunwala bought a stake at Firstsource Solutions. (Photo : Reuters)This is billionaire Jhunjhunwala. Indian billionaire Rakesh Jhunjhunwala acquired a 3.
Douglas bids Euro 500 million for Nocibe
Douglas Holding Ag was the final bidder for Sephora's rival, Nocibe after offering Euro 500 million.
StatOil and partners venture to create pipeline
StatOil and its partners invested for an oil transport project. (Photo : Reuters)This is the logo of Statoil ASA. Statoil Asa and its partners sealed a partnership today for a joint oil export solution for the Ivar Aasen and Edvard Grieg oil fields.
Latest News
Revolver Resources Inc. recently made its new investment public. This comprised of 10 million new units that was anticipated to earn US$300,000.
George Foreman is Ziegler's new finance advisor. (Photo : Reuters)This is the company logo of Ziegler. Specialty investment bank and full service brokerage company Ziegler announced today that it has named George Foreman as its newest financial advisor.
A research analyst said that investment banks are eyeing a launch of hedge funds targeting the retail sector.
Actis Capital sold majority stake of Vesta to Illinois Tool Works Inc. (Photo : Reuters)This is the logo of Illinois Tool Works Inc. , which acquired Vesta, a Chinese kitchen equipment maker.
Brazilian billionaire resigned from his company, MPX Energia. (Photo : Reuters)This is Brazilian billionaire Eike Batista. Brazil's richest man Eike Batista said today that he resigned as the chairman of MPX Energia SA.
The US stock market was the best-performing market and thus, the place to invest. (Photo : Reuters)The image shows traders at the New York Stock Exchange.
A 2% increase of shareholdings was done by Bharti Airtel in the venture established with Qualcomm Inc.
Emulex considered selling itself again with the hope to restore its lost stock value. (Photo : )The photo displays the logo of Emulex. Chipmaker Emulex Corp.
Proctor & Gamble employed a Bollywood actress as new ambassador. (Photo : Reuters)Bollywood is a very influential industry in India. Proctor & Gamble employed a new strategy as it tries to penetrate the stronghold of Colgate Palmolive Co.
