JSPL buys stake in Gujarat NRE Oz arm

Jun 5, 2012 | India, News

The Financial Express 28 May 2012 New Delhi: Jindal Steel and Power will acquire a little over 10 per cent stake in Gujarat NRE Coal’s Australian subsidiary, Gujarat NRE Coking Coal Ltd, for AUD 25 million (about Rs 135 crore). Besides, JSPL will also buy 5...

Warburg Pincus to buy Future Capital for $100-125 m

Jun 5, 2012 | India, News

The Indian Express 4 June 2012 US private equity firm Warburg Pincus is set to buy a majority holding in Indian financial services firm Future Capital Holdings for $100-125 million, two sources with direct knowledge of the matter told Reuters on Sunday. Future...

Sberbank to Sign DenizBank Deal

Jun 4, 2012 | News

Reuters via Moscow Times 4 June 2012 Sberbank is set to sign a preliminary agreement next week to buy failed Franco-Belgian lender Dexia’s Turkish unit DenizBank, a source close to the negotiations said Friday. “An agreement is planned to be signed June...

BP Confirms Effort to Sell its TNK-BP Stake

Jun 4, 2012 | News

Moscow Times 4 June 2012 BP has agreed to consider quitting its Russian joint venture in a move that could strip the British company of almost a third of its output and reverse the biggest investment in the Russian oil industry. If BP sells its 50 percent share in...

Speaktoit secures funding from Intel Capital

Jun 1, 2012 | News

East-West Digital News 31 May 2012 Speaktoit, a developer of technologies based on natural language conversations, announced last week it has received an investment from Intel’s investment arm, Intel Capital. The investment amount and the startup’s valuation are kept...