CDC Group said they would be backing New Delhi-based renewable energy developer Green Infra Ltd with a USD 25 million investment to enhance the latter's production capacity.
United Kingdom
Bitcoin gains momentum in market, reaches USD700 as US Senate discusses regulation
As the value of the Bitcoin reached a landmark USD700 valuation, The US Senate committee held a hearing with experts, lobbyists and federal regulators to discuss about the potential threats, risks and benefits of virtual currency.
Aberdeen to take on US asset managers after SWIP acquisition
UK-based Aberdeen Asset Management revealed its plan to take away businesses from US investment managers such as BlackRock and Vanguard after completing the acquisition of Scottish Widows Investment Partnership (SWIP).
Top deals of the Day - Bids, Mergers & Acquisitions
The following bids, mergers, acquisitions and disposals were reported on Monday including Forbes, Axel Springer, MidCap Financial LLC, Goldman Sachs and others.
RBS negotiates sale of equity derivatives business
British government-owned The Royal Bank of Scotland said it was looking to sell its retail investor and equity derivatives business. French bank BNP Paribas was identified as a front-runner to acquire the business unit.
Latest News
South Korea was reported to be a possible investor in Britain's nuclear power market after the Asian country hired Lloyd's Register to evaluate its nuclear reactors, according to a director at Lloyd's.
Newcastle Airport Authority Ltd was reportedly planning to sell half its stake to infrastructure investors such as IFM Investors Ltd and other superannuation funds next year.
England-based Thomas Cook's chief executive Harriet Green announced the sale of its foreign exchange unit to Moneycorp, a rival backed by the Royal Bank of Scotland.
A report from The Sunday Times said Aberdeen Asset Management was close to reaching a deal to acquire Scottish Widows Investment Partnership from Lloyds Banking Group.
Federal regulators had a suspicion that currency traders have bonded together to increase costs of foreign currencies in order to gain on their investments.
Becky Pritchard conducted an investigative report for the Wall Street Journal about how private equity had embedded itself deeply in an average consumer's life.
New Silicon Valley venture capital firm Luminari Capital obtained a USD8 million funding from pay-TV giant British Sky Broadcasting Group. Sky said that it wants to increase is exposure to US tech startups.
Debuts of Infinis Energy, Just Retirement and TCS Group on the London Stock Exchange were less than outstanding, according to a report by The Independent.
The CDC Group, the development finance institution of the UK government, will be pouring more investments in India despite the sluggish economy, delayed reforms and a competitive private equity market.
