Raghuran Rajan, the newly appointed bank governor of India's central bank would step into office in the eye of a roiling storm in the country's economy.
Sectors
Opposition parliament members wary over UK's Royal Mail privatization
Opposition Members of the Parliament (MP) expressed their concerns over the UK government not providing enough protection for Royal as the universal postal service near privatization.
Vivus names new CEO after Zook's resignation
Vivus Inc. announced a new chief executive officer in the person of former Johnson & Johnson executive Seth H. Z. Fischer after Tony Zook resigned due to health issues.
Three proxy firms recommend Michael Dell's offer for Dell Inc.
According to Michael Dell, three proxy firms had recommended shareholders to vote for the founder's offer to take the computer maker private.
Alitalia engages advisory firm for corporate restructuring
Alitalia SpA engaged advisory services Italian firm for corporate restructuring help. Gruppo Banca Leonardo was engaged the services of Alitalia SpA to assist in the raising of hundreds of millions of Euros before the year's end.
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Platinum Equity announced the closing of Fund III with USD 3.75 billion. Global merger and acquisitions firm Platinum Equity announced that it scored USD 3.
The announcement of Nokia selling its handset unit to Microsoft Corp. had left hedge funds rushing to unwind their bets, leaving the Finnish company to score a record gain per day.
The Riverside Company announced its purchase of Rutland Plastics for an undisclosed amount. The Riverside Company announced that it had purchased Rutland Plastics.
New and old investors provide USD65 million in equity investments to Kaiima Bio-Agritech. Israeli technology company Kaiima Bio-Agritech Ltd is focused on seed and breeding technology.
The government of Japan proposed today its JPY47 billion or USD473 million 'ice wall' project in the hopes of stopping the leakage of radioactive water from the Fukushima nuclear plant.
Pamlico Capital places a significant equity investment in Physicians' Endoscopy. The management team of Physicians Endoscopy with Pamlico Capital announced the completon of an equity investment in Physicians Endoscopy LLC.
Aquiline Capital Partners and Genstar Capital Management announced that they had closed their acquisition of Genworth Wealth Management in a deal valued at USD 412.5 million.
Ares Commercial Real Estate Corporation said today that it has closed a previously announced deal to acquire Alliant Capital LLC.
France would start tenders for its hydroelectric power concessions by next year. France said it intended to start tenders for hydropower concessions in the first half of 2014.
