A Bloomberg report said China's richest man Wang Jianlin may be acquiring luxury brands such as the Four Seasons hotel chain in his quest to expand his company Dalian Wanda Group to the US.
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Bharti Telecom to pay fees as determined by the Department of Telecom
The Department of Telecom, upon the urging of the Comptroller and Auditor General, had confirmed the charges imposed on Bharti Airtel for improper spectrum use in seven areas.
Hettich plans to expand in India
Hettich's future plans include investments in research and development as well as training. Hettich, the German furniture fittings and hardware company, who has a subsidiary in India, said it would be investing about INR500 crore in the next five years.
Intel Capital backs Recon Instruments
Recon Instruments received funding from US venture capital firm Intel Capital. Vancouver, Canada-based Recon Instruments announced that it has received a significant investment from US venture capital company Intel Capital.
Former Barclays CEO plans to buy more shares
Bob Diamond, the former CEO of Barclays, said he planned to purchase more Barclays shares in the bank's rights offering.
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According to a statement today, a group led by private equity firms Corsair Capital LLC and Centerbridge Partners LP would be preferred by Royal Bank of Scotland Group Plc to purchase its 314 branches.
According to sources who told the Wall Street Journal, family-run Wing Hang Bank Ltd may get takeover bids from Australia & New Zealand Banking Group Ltd and United Overseas Bank Ltd of Singapore.
Beats Electronics on Friday said it had received an investment from the Carlyle Group worth USD500 million.
Existing investors gave USD 21 million equity and debt financing to Inotek Pharmaceuticals. Inotek Pharmaceuticals Corp received USD 21 million in equity and debt financing from various private equity firms.
BlackBerry sales continued to plunge even as the company seeks a USD 4.7 billion privatization deal.
New York City startup MakeSpace launched with USD 1.3 million in venture funding. New York-based MakeSpace received USD 1. 3 million in private equity funding to launch its storage-on-demand enterprise.
A source told Bloomberg that a unit of Goldman Sachs and two Denmark-based pension funds were close to purchasing a stake in Denmark utility Dong Energy.
The South China Morning Post reported the rejection of the Alibaba IPO led to calls for market reforms in Hong Kong.
Power Assets Holdings would be exiting its units in its Hong Kong electricity business for USD 5 billion, according to sources.
