The Indian government started the clearance of tech investments in the country. Internet and technology firms Bosch and Samsung were the first companies to receive clearance for their investments in India.
Sectors
Scality receives backing from Menlo and Iris Capital
Storage and big data company Scality closed its Series C fundraiser with US$22 million. Scality, a storage and big data company, announced today that it has successfully closed its US$22 million Series C fundraiser.
CNP receives substantial Asian offers for capital deals
CNP Assurances drew support from Asian private banks for capital deals. This week, CNP Assurances initiated a much-needed upsurge to the dollar Reg S market.
GLG postpones IPO of Sibanthracite
The IPO, which would have been the first in the UK involving a Russian company this year, was postponed due to market conditions and investor sentiment.
Energy sector in Kenya needs to improve - Agency
The Energy Regulatory Commission said that the country needs to improve its energy sector. Kenya's energy regulation agency said today that the country will increase its efforts in improving its investment climate.
Latest News
Blue Ant Media received an investment from Difference Capital Financial. Private investment firm Difference Capital Financial Inc. announced today that it has agreed to a US$4.
Scotiabank withdrew its offer for Bank of Guangzhou's 20% stake after Chinese authorities' refusal for its Can$719 million bid.
Telenor appointed Petter Furberg as new CEO. Telenor Group named a new Chief Executive Officer for Telenor Myanmar. The company appointed Petter Furberg for the position, effective upon approval from relevant Myanmar authorities.
The Philippines' biggest corporation eyes to raise US $4 billion for its power assets shares. San Miguel Corp, Philippines' top acquisitive company, is planning to accumulate US $4 billion to finance its infrastructure project expansion by selling its power assets.
South Africa's second-biggest financial services corporation's talks to purchase Merchant Ghana Bank failed.
Tsinghua Unigroup buys the cellphone chip designer for US $1.78 billion. Tsinghua Unigroup approved to purchase Speadtrum Communications Inc in the amount of US $1.
Daimler reported that its quarterly operating revenue boosted by selling its aerospace and defense firm EADS stake.
In order to attract foreign businesses, India removed a 10% levy in its sugar sector. Direct investments and foreign ventures are expected to come towards the global sugar industry, said India's top sugar producer Balrampur Chini.
Bloomberg New Energy Finance reported that investments in the renewable energy sector increased except in the European region.
