Perusa revealed that it sold its 85% stake in Kamman Maschinenbau to KBA. Perusa, a German private equity group, had exited its position in Kammann Maschinenbau.

Centric Wealth confirmed that its majority stakeholder, Champ Private Equity, intended to sell the company for around US$200 million.

Penske Automotive Group said that they are set to acquire Western Star Trucks Australia for US$200 million.

Altana AG' Cinven Ltd acquired CeremTech from Rockwood for US$635 million. Rockwood Holding Inc announced that they are set to sell CeremTech to Altana AG's Cinven Ltd.

K Ganesh and MeenaGanesh have announced they they have bought Portea Medical. K Ganesh and MeenaGanesh, both Serial tech entrepreneurs, announced that they have acquired Portea Medical, a New Delhi-based healthcare firm.

Wildcraft Inc. announced that it is looking to raise up to INR75 crore to finance its expansion programs.

Sembcorp Salalah Power and Water Company stated that it was now preparing for its IPO in September. Oman's Sembcorp Salalah Power and Water Company announced that it is preparing to float an initial public shares offering in September of this year.

Publicis and Omnicom hired New York based Moelis & Co and the Paris-based adviser Rothschild for their merger.

The Thales Group announced that they are set to ink the deal with Malaysia's Keretapi Tanah Melayu Bhd (KTMB) tagged at RM380 million.

A Blackstone executive said it had found fewer opportunities to invest in India after seeing public governance issues.

Old Mutual Investment Group announced that it had launched a new private equity fund which is to be invested in private equity funds in South Africa.

DLF announced that it is entertaining private equity firms after ending the talks to sell Aman Resorts with Zecha.

A survey by Jones Lang LaSalle reported that private equity investments into Europe by large funds have reached their highest levels since 2007.

ABI Research said that Apple would soon face market share rivalry with several Chinese low-cost smartphone manufacturers.

Strategy Analytic reported that Samsung already took Apple's place as the world's most profitable smartphone firm.

Facebook would make its capital investments worth US$1.6 billion in 2013 to capitalize on the number of its users and its mobile advertising base.

According to several analysts, the mobile ad boom of Facebook would provide an excellent model for other social networking sites.

The users of Instagram complained about a hack that posted photos of smoothies and fruits to their accounts.

Baidu Inc jumped since Facebook boosted the outlook for social media companies. Baidu Inc led the rally in Chinese equities exchanged in New York. The company said that it gained more profits after Facebook outdid the estimates of analysts.

Japan's Renesas Electronics Corp would close its system LSI chip plant due to the decreasing popularity of game consoles.

Mark Zuckerberg, co-founder and CEO of Facebook said that he plans to earn from Instagram through advertisements.

Samsung appointed a new African CEO and boosted capital spending. There were several notable events in Samsung recently. One of which was appointing a new CEO for Africa.

The US FTC updated its 2012 advertising guidelines and sent a letter warning Google, Yahoo, Microsoft, and other internet search companies to follow or be fined.

Peter Loescher, the first outsider to lead the company will be leaving Siemens soon. Peter Loescher, chief executive of Siemens and the first outsider to lead the company, will be leaving the company four years ahead of his end of contract.

Acer's president told Austria's Format magazine that the company would recover and make profit again.

Google's mess in China should concern the company as it brings risks of being used as a blueprint in the US.

Analysts said that there are several ways by which Apple could ease the concerns regarding the company's lack of growth.

LifeChurch.tv's bible app recorded 100 million downloads this month and raised US$60 million for the app's development.

Google discontinued its Chromecast-Netflix subscription promo after receiving "overwhelming demand".

Analysts stated that Facebook could earn three times more than its reported second quarter income by allowing users to pay for an ad-free experience.