A Blackstone executive said it had found fewer opportunities to invest in India after seeing public governance issues.
Sectors
Rockwood to sell CeremTec to Altana AG's Cinven Ltd
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.
Investment duo buys India's Portea Medical
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.
India's Wildcraft Inc. looks to private equity firms for funding
Wildcraft Inc. announced that it is looking to raise up to INR75 crore to finance its expansion programs.
Oman's Sembcorp to hold its IPO in September
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.
Latest News
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.
