In Europe, network deals have been a particular focus for institutional investors. They have continued to attract high premiums and will likely tempt existing asset owners to look closely at their options.
The International Air Transport Association (IATA) announced full-year traffic data for 2012 showing a 5.3% year-on-year increase in passenger demand and a 1.5% fall for cargo.
Standard & Poor's Ratings Services assigned its 'BBB' long-term issue rating to the proposed U.S.-dollar-denominated senior unsecured perpetual notes by Reliance Industries Ltd. (BBB/Positive/--). The notes will rank equally with all the company's other present and future unsecured and unsubordinated obligations.
JSW Steel and JSW Ispat Steel has received shareholders’ approval for the scheme of amalgamation and arrangement among JSW Ispat Steel, JSW Building Systems, JSW Steel Coated Products and JSW Steel , according to reports.
Smart Value Homes Limited (SVHL), a 100% subsidiary of Tata Housing Development Company Limited, India’s fastest growing pan-India real estate developer announced its sale of 100 units of the recently launched New Haven – Bengaluru, within just 15 days of its launch.
South African Tourism begins the New Year with its annual roadshow in India which kick started in Mumbai. The roadshow will also travel to Hyderabad, Bengaluru and New Delhi. Through this four-city roadshow, South African Tourism aims to build Inbound Tourism from India which has grown to become one of the core markets for South Africa.
Marck Biosciences Ltd., India’s leading manufacturer and marketer of sterile liquids pharmaceutical dosages using the Blow-Fill-Seal (BFS) technology, has sold a minority stake to Tata Capital Healthcare Fund.
Satyam Computer Services Ltd has posted a net profit after tax after Minority Interest of Rs. 799.80 mn for the quarter ended December 31, 2012 as compared to Rs. 3084.30 mn for the quarter ended December 31, 2011.
Godrej Consumer Products Ltd (GCPL) announced that it has entered into an agreement to divest its non-core Foods business to Creador, with the transaction expected to close in about two months. Since the acquisition of this business in 2010,
Mercedes-Benz India announced the launch of India’s most comprehensive driving events platform: ‘Mercedes-Benz Performance Drive’. The launch of ‘Mercedes-Benz Performance Drive’ further reiterates the brand’s vision and pioneering initiatives for the Indian automobile enthusiasts.
L&T Construction has secured new orders totaling over Rs1401 crore in various business segments spread across India and overseas in January 2013.
Aircel, one of India’s leading telecom players, launched a revolutionary product ‘One Nation, One Rate’. The product offers one rate for Voice, SMS and Data in home circles and on roaming on Aircel network.
Cbazaar.com, the Largest Online Indian Ethnic Wear Store becomes the first Ethnic wear store to launch their E-gift vouchers for its international customers. With this, you can now purchase a cbazaar e- Gift Voucher for your loved ones, in a matter of second.
Union Minister of Agriculture and Food Processing Industries Sharad Pawar informed Members of Parliament that in order to attain the projected demand of 280mn tonnes of food grains by the year 2020-21, farm power availability in the country has to be scaled up to at least 2.0 Kw/ha by the end of XIIth Plan. For achieving this, farm mechanization has to be given primacy.
US’s mutual funds increased by $174.3 billion, or 1.4%, to $13.047 trillion in December, according to the Investment Company Institute’s official survey of the mutual fund industry. In the survey, mutual fund companies report actual assets, sales, and redemptions to ICI.
The Royal Bank of Scotland N.V. (RBS) announced a 75 basis points cut in its base lending rate to 9% from 9.75%. The base rate is the benchmark to which all loan rates are linked. RBS is the first foreign bank to reduce the benchmark rate after the Reserve Bank of India’s announced its third quarter monetary policy review.
IndiaFirst Life Insurance, a joint venture between two public sector banks—Bank of Baroda and Andhra Bank—along with UK's risk, wealth and investment company Legal & General on Monday invited proposals for empanelment of agency for managing the company’s loyalty programs.