Multiple issues regarding the imposition of collectible tariffs have affected the schedule of imported coal power plants of Tata Power.
Sectors
Smartling raises USD24 million in Series C funding round
A total of USD24 million in investments was received by Website translation software startup Smartling in a recent founding round led by Tenaya Capital.
GTCR inks agreement to sell Six3 Systems to CACI International
GTCR announced that it had approved a deal to sell portfolio firm Six3 Systems to CACI International.
Inversions by US companies resulting from mergers seen as threat to government revenues
A report from The New York Times' The DealBook said the US government would stand to lose billions of dollars in lost tax revenues should corporate inversion continue.
John Wood Group and Siemens AG form JV
A joint venture firm was agreed to be formed between Siemens AG and John Wood Group John Wood Group Plc, the energy service firm together with Siemens AG, the German industrial conglomerate, have announced the formation of a joint venture entity to create a globally integrated rotational equipment service unit.
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American companies had been seen doing mergers abroad most likely because of the lower taxes available in their new homes.
New venture fund received GBP37.5 million in investment commitments from public and private investors, including the UK government, to boost the tech industry in the nation.
HSBC issued a comprehensive report as to the effects of the Arab Spring with the Gulf countries' economies.
Under the leadership of CEO Tamim Al-Kawari, QInvest would move away from its non essential businesses to focus on buyouts and buyins for Qatari companies.
Aldar Properties, after being bailed out by the Abu Dhabi government, had discussed obtaining a bridge loan to pay off debts.
The European Union approved Aegean Airlines' takeover of Olympic Air. European Union regulators gave approval to Aegean Airlines to purchase Olympic Air.
Medtronic Inc and Apollo Hospitals Enterprise formed a joint venture for the development of a low-cost and portable hemodialysis treatment for developing countries.
French carmaker Peugeot-Citroen said it would be considering new cooperation agreements with various firms to fund its overseas expansion efforts.
Vestas Wind Systems sold six turbine factories to VTC Partners for EUR 1 to complete its asset disposal program.
