Georgia Tycoon sells ag company Stoilenskaya Niva

Sep 10, 2012 | News

Reuters 6 September 2012 Seeking to counter charges that he is Russia’s proxy in Georgia’s elections, billionaire Bidzina Ivanishvili has sold his last Russian business asset, his management firm said on Thursday. The once-reclusive tycoon and his Georgia...

Jindal Steel acquires CIC Energy for Rs 650 cr

Sep 6, 2012 | India, News

Business Line 5 September 2012 Jindal Steel and Power Ltd (JSPL) has acquired Canadian listed firm CIC Energy Corp for Rs 650 crore ($115 million). The acquisition will give JSPL access to CIC’s estimated six billion tonnes thermal coal assets in Botswana. Following...

Deccan Chargers invites bids from prospective buyers

Sep 6, 2012 | India, News

Business Line 6 September 2012 Deccan Chronicle Holdings Ltd (DCHL) today issued a tender notice inviting bids from prospective buyers for its IPL franchisee Deccan Chargers, which is currently in a financial mess. The Indian cricket board’s (BCCI) working committee...

Birla’s stake in Living Media approved

Sep 6, 2012 | India, News

Financial Express 28 August 2012 New Delhi: Competition Commission of India (CCI) today said it has approved Aditya Birla group’s purchase of 27.5 per cent stake in Living Media India Ltd, the holding firm of media giant India Today Group. The stake is being...

PE investments slips 35 per cent

Sep 6, 2012 | India, News

Financial Express 16 August 2012 Mumbai: The gloom on the economic front both domestically and abroad has resulted in private equity investments in the country falling 35 per cent during the April-June quarter, a report has said. Private equity funds invested USD...