R Hotel's investment plan is to expand its hotel line from three to six with an AED1.5 billion investment.
Sectors
Brooklyn Brewery targets Stockholm
Brooklyn Brewery would open a brewery in Stockholm in collaboration with Carlsberg A/S, D. Carnegie & Co. and a few private investors.
Bhatia to raise Tata-Singapore Airlines issue at AirAsia board meeting
AirAsia India investor Arun Bhatia said he would question the Tata-Singapore Airlines joint venture after claiming he and AirAsia head Tony Fernandes were not informed about the transaction.
Hong Kong bank sales near 2008 valuation
Hong Kong's Wing Hang Bank Ltd. and Chong Hing Bank Ltd. might go on sale after valuations approached levels that were last seen during the 2008 global financial crisis.
China's richest man announces USD8 billion film park investment
Wang Jianlin announced his biggest single investment in the movie and television industry valued USD8.17 billion.
Latest News
Germany based ThyssenKrupp denied a Focus report regarding a potential sale of its automotive unit. ThyssenKrupp is a German steelmaker based in Essen, Germany.
PE firm JC Flowers had expressed its interest in Lloyds' TSB unit according to a Sunday Telegraph report without citing sources.
India Infoline Finance Ltd. said today that it had raised INR900 million through a public issuance of secured redeemable non-covertible debentures (NCD).
Senaat, because of surging stock values, had engaged the services of banks to run its IPO. Senaat, Abu Dhabi holdings firm, owns companies such as National Petroleum Construction Co, has engaged the services of HSBC Holdings Plc and JP Morgan Chase & Co for a share sale.
Aegis is looking at Asia, Europe and South America for possible acquisitions called 'tuck-ins'.
Harvard is setting the bar at USD6.5 billion for the improvement of campus, programs and housing in the university.
India's capital markets regulator SEBI said it had been considering regulation changes to safeguard minority shareholders' interest in a company to use funds generated from an IPO aside from what was originally stated on its objectives.
Foreign institutional investors had poured in INR11000 billion in the Indian stock market this month following the appointment of the new RBI Governor.
RBI had increased its short term policy repo rate to 7.5% from 7.25%, a move which could have stock markets remain volatile.
