Baring Private Equity Asia would be acquiring Indian outsourcing firm Hexaware Technologies for USD 400 million.

China Mobile gave initial 4G contracts worth CNY 20 billion or USD 3.2 billion to both Chinese and foreign companies.

Sources told Reuters that Chinese copper company Jiangxi Copper Co could be a potential buyer for Glencore Xstrata’s Peru mine.

Kamcord received USD1 million new seed funding after it had previously gotten an accumulated fund of USD1.5 million.

NakedWines.com received USD10 million new funds from WIV Wein International AG, as the company had plans for expansion into the US and Australian markets.

Merchants Bank Co. planned to raise CNY34.8 billion to bolster its capital and speed up growth as competition with smaller bank rivals in China intensified.

India's richest man Mukesh Ambani lost a total of 24% of his wealth after the valuation of the rupee decreased.

Regenerative tissue engineering firm TissueTech Inc closed its latest round with USD 10 million. TissueTech Inc successfully closed its latest fundraising round.

Germany-based North Channel Bank acquired California-based NorthStar Life Services LLC that would strengthen its presence in the life settlement industry.

TagMan scored USD 5 million in a funding round led by Greycroft Partners and iNovia Capital. TagMan said it has received capital commitments worth USD 5 million from various investors.

Semiconductor maker TranSwitch Corp raised USD 2.5 million from Ilex Partners. TranSwitch Corp said it raised USD 2. 5 million in equity investment from private equity company Ilex Partners.

Medical device maker Infraredx Inc said it received a USD 25 million equity investment from Nipro Corp.

MicuRx Pharmaceuticals Inc announced the successful closing of its Series B round with USD 25 million.

Geely Automobile Holdings announced it would start to offer cars it had developed with Volvo in 2015.

New World Resources said it would be selling its OKK coking plant to offset oil price declines, of which had caused losses for the company.

State-owned PetroChina Company Ltd said it was discussing with relevant parties about developing the West Qurna oilfield in Iraq.

Private equity firm Doughty Hanson sold Spanish bus operator Avanza Group to Grupo ADO. Private equity company Doughty Hanson & Co announced the sale of Avanza Group to Grupo ADO, a Mexican bus operator.

The German private sector showed robust growth in August, according to Markit's PMI survey. The private sector in Germany showed signs of growth. A new survey conducted by financial information services company Markit revealed that the Purchasing Managers' Index (PMI) of Germany's private sector increased to 53.

Edcon Holdings, a clothing retailer owned by Bain Capital Partners, suffered sales losses because of its remodeling operations.

Credit Suisse said Rio Tinto and Anglo American could become BHP Billiton's potential partners for its potash mining project in Canada.

Oman Development Bank said it would consider opening an Islamic window to provide financial services to small and medium-sized companies.

Malaysian Minister Paul Low said that the government would soon utilize phone tapping and employ internet monitoring devices to eradicate corporate and government corruption.

Digital analytics corporation ComScore said Yahoo beat Google for the month of July with 196,564,000 visits.

Johannesburg-based mining firm Gold Fields Ltd said it had signed an acquisition agreement with Barrick Gold to buy the latter's assets in Australia.

The Bank of Sharjah said it had signed a loan refinancing facility worth USD 200 million with five lenders.

Analysts of UBS boosted their sales projections for Apple and increased their price target to USD560 per share.

Facebook CEO Mark Zuckerberg would lead a project focused on making web access affordable for the 5 billion individuals worldwide who are not online yet.

Microsoft Corp currently offers free Surface RT tablets to schools where students utilize the Bing search engine.

CenturyLink Inc would receive USD54 million from the Connect America Fund of the FCC to finance the broadband services in suburban homes of high-cost areas.

The Silicon Valley startup would use the funding to employ new engineers for its latest wearable and programmable computing device.