PTI reported hat Mr GM Rao chairman of GMR Infrastructure's has increased his personal stake in the company by buying shares worth INR 1.61 crore. According to a GMR filing to BSE, Mr Rao bought 9,17,500 shares of GMR through open market ...
Tags: GMR, GMR Infrastructure, BSE
Swiss food company Nestlé expects its sales in China to rise by 20% in 2012 due to increasing wages and the government's policy to promote local consumption. Greater China Chairman Roland Decorvet was quoted by Bloomberg as saying ...
Pottery miniature courtyard among the burials during the Three Kingdom Period (220-280) unearthed from Echeng Hubei, showing ancient Chinese residential building in five elements and eight diagram styles. Residential building featuring ...
Tags: residential building, artworks, folk arts
UK's HSBC Holdings has geared up to dispose its Vietnamese insurance business with an anticipated price of $400m, as part of its strategy to exit non-core operations worlwide. A source close to the potential deal told Reuters that HSBC ...
China Knowledge reported that Wuhan Iron & Steel Co said that it plans to raise not more than CNY 15 billion through a rights issue. In a statement, the Shanghai-listed firm said it intends to issue no more than 4.2 billion A shares and ...
Tags: listed firm, rights issue, mineral resource, acquire
Aviva is gearing up to dispose more than half its remaining shareholding in Delta Lloyd, the Dutch insurer, in an strategy of its restucturing plan. The UK insurance major said nearly 37 million shares will be disposed at €10.75 a ...
Tags: Aviva, insurance, shareholding, Dutch insurer
Norwegian food company Rieber & Søn's has agreed to sell its non-performing crispy fried onions business based in the Netherlands to local firm Top Taste for an undisclosed amount. Rieber & Søn's noted that it has recently ...
Tags: food, sell, non-performing crispy, fried onions business, Top Taste
Taiwan-based solar firm Neo Solar Power (NSP) and power supply maker Delta Electronics announced consolidation plans on November 19, 2012. NSP will procure 15% of DelSolar (the solar subsidiary of Delta) shares publicly then form a new ...
Tags: Delta Electronics, consolidation plans, NSP
Taiwan-based LED epitaxial wafer and chip maker Formosa Epitaxy on November 12 announced the issuance of up to 120 million new shares specifically for private placement, with China-based maker Sanan Optoelectronics to be the target. The ...
Tags: Sanan Optoelectronics, Taiwan LED maker, Formosa Epitaxy
RIA Novosti reported that Russia's largest oil company Rosneft has secured USD 30 billion in loan commitments including USD 7.5 billion in long term loans from a syndicate of international banks to finance the purchase of TNK-BP. Rosneft ...
Tags: oil company, Rosneft, BP, oil
Health service and insurance provider Cigna has inked an agreement to buy 51% stake in Finans Emeklilik, in Turkey through in-branch banking channels, forming a joint venture (JV) with Finansbank to market life and pension products in the ...
Tags: Cigna, Finansbank, joint venture, life and pension products
Tower Group has completed its previous integration with Canopius Holdings Bermuda Limited and Canopius Bermuda, being managed by Canopius Group. The consolidation of both firms will create a global specialty insurance firm with greater ...
Tags: Tower Group, Canopius Holdings Bermuda Limited, Canopius Bermuda
After shelving its plans for an IPO of Osram, its lighting subsidiary, Siemens has confirmed that it will conduct a spinoff of 80.5% of Osram shares. Siemens AG, the industrial conglomerate that owns lighting manufacturer Osram, has ...
Italian public transport operator Iveco and bus bodybuilder Larimar have partnered to form a new joint venture to build trucks and buses in South Africa. Iveco said, the new joint venture will be named as Newco, in which the Italian ...
Tags: Iveco, Larimar, joint venture, trucks, buses
General Motors’ Shanghai GM Dong Yue Motors has completed the third phase expansion of its vehicle manufacturing facility in Yantai, Shandong,China. GM has invested CNY2.53bn ($398m) for the expansion which has doubled the ...
Tags: Shanghai GM, third phase expansion, vehicle manufacturing facility