Tata Sons limits liability in airline joint venture. It what it called a as a mere 'financial investment', Tata Sons announced it was placing a ceiling on its joint venture into the airline business at Rs 49 crore.
Venture Capital
Paypal co-founder to launch new Start-Up
Max Levchin, one of the co-founders of online payment mogul Paypal has launched a business competitor last Tuesday.
Orbimed to Launch pan Asia Healthcare Fund
Orbimed expands into Indian healthcare industry. Orbimed Advisors of New York is now preparing to launch its second Pan Asia Healthcare Fund by the end of 2013.
Sinopec Gets Two Thirds Discount with Deal
Sinopec gets sweetheart deal according to analysts. The US$1. 02 billion deal entered into China Petrochemical for Chesapeake Energy Corp shale oilfield interests is just one third of its actual value.
Former Soros Fund Manager to Raise Own Funds
Former Soros CIO Anderson now raising funds for own financial firm. Learning from the best now he is striking it out on his own. Keith Anderson, former Chief Investment Officer at Soros Fund Management is now raising funds for his own hedge fund named Anderson Global Macro according to recent report from Reuters.
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Malaysian conglomerate partners with Saudi firm for new business in the Middle East. DRB-Hicom Bhd announced last Thursday that it would be teaming up with SITM to participate in the bidding for the Saudi Arabian airport ground management services.
TSYS widens its presence in prepaid card market through its plan to purchase debit card provider NetSpend Holdings Inc.
The FSA has approved the plan of private banking firm Edmond de Rothschild to start a private merchant bank in the UK
Bids, mergers, acquisitions and disposals were reported on Tuesday (Photo : Reuters) A courier van of UPS is seen in front of the head office of TNT in Hoofddorp, the Netherlands March 19, 2012.
Bids, mergers, acquisitions and disposals reported on Friday including Abu Dhabi telecom firm Etisalat's syndicated loan of up to $8 billion to finance a bid for Vivendi's percent stake in Maroc Telecom
AMR Corp creditors plan to meet on Monday and could vote on a potential merger agreement between the bankrupt parent of American Airlines, and US Airways Group
Bids, mergers, acquisitions and disposals on Thursday: The following bids, mergers, acquisitions and disposals were reported on Thursday: India has raised $2.
Moscow's stock exchange will be valued at up to $4.6 billion in its planned stock market flotation
Some nonbank financial companies have begun to rely more heavily on long-dated, unsecured retail notes as a critical source of funding, and issuance volumes are likely to rise again in 2013
