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India to Sell 5% Stake in SAIL, Apollo Acquires Hetero Med

Mukesh Buch
17 Sep, 2014
New York City

Apollo Hospitals agreed to acquire pharmacy stores from Hetero Med Solutions for $24 million. Aurobindo Pharma received U.S. regulatory approval to market infection and stomach ulcer treatment generic drug. GMR Infra plans to raise Rs 1,500 crore through a rights offering.

Stocks Advance on Wall Street, Calpers Decides Divest Hedge Funds Investments

Nichole Harper
16 Sep, 2014
New York City

Stocks on Wall Street advanced market indexes rebounded ahead of Fed policy statement tomorrow. The California Public Employees

Apple iPhone 6 Orders Exceed 4 Million on First Day

Mukesh Buch
16 Sep, 2014
New York City

Apple said pre-orders for iPhone 6 and 6 Plus exceeded four million on first day. Analogic net declined 4% after revenue plunged 15%. FactSet Research net jumped 7% on 9% increase of revenue. Humana plans for $2 billion stock buyback.

Orange offers

Nigel Thomas
16 Sep, 2014
New York City

ASOS plunged after issuing third profit warning. Lafarge divested its Russia-based cement plant to Buzzi Unicem for

SoftBank Surges After Alibaba Lifts IPO Price, Tokyo Dome Drops

Hiruki Nakamura
16 Sep, 2014
New York City

Stocks in Tokyo closed lower after a three-day weekend and the Topix index fell from a six-year high. Tokyo Dome fell 3.6% after the baseball stadium operator said annual net income is likely to drop 38%. SoftBank gained after Alibaba lifted its IPO price range.

Aussie Dollar and Housing Market in Focus in RBA Statement

Marcus Jacob
16 Sep, 2014
New York City

Reserve Bank of Australia held out for possibility of weakening Aussie dollar and noted home prices remain elevated and appear to be driven by speculative demand. AngloGold Ashanti dropped its plan for splitting the company. Iron ore price rebounded 4% after a month long decline.

India to Sell 5% Stake in ONGC, JSW Acquires Italian Steel Maker

Mukesh Buch
16 Sep, 2014
New York City

Hindustan Unilever is in talk with Everstone Capital for investment in Modern Foods division. JSW Steel agreed to buy Italy-based Lucchini for $100 million. Mastek separated its insurance and service business into a new company. Central government of India approved the sale of 5% in ONGC.

Cognizant to Buy TriZetto for $2.7 B, Danaher Acquires Nobel Biocare

Mukesh Buch
15 Sep, 2014
New York City

Cognizant Technology agreed to buy privately held TriZetto for $2.7 billion. Danaher agreed to acquire Switzerland-based Nobel Biocare Holding for $2.2 billion. Microsoft agreed to acquire Sweden-based Mojang for $2.5 billion.

Microsoft Buys Minecraft Developer, Micro Focus in $2.35 B Deal

Nigel Thomas
15 Sep, 2014
New York City

Aker Solutions won five-year contract from Petrobras for $465 million. Hannover estimated net profit for the year of

U.S. Industrial Production Drops, Alobaba Lifts IPO Price Range

Nichole Harper
15 Sep, 2014
New York City

Stocks on Wall Street extended previous week losses after industrial production declined in August. Microsoft agreed to acquire game developer Mojang AB for $2.5 billion. Cognizant agreed to acquire healthcare IT services provider Trizetto for $2.7 billion.

Australian Index Drops 1% on Weak China Industrial Production Data

Marcus Jacob
15 Sep, 2014
New York City

Australian market indexes traded lower after iron price remained weak and the China fuelled resource boom continued to weaken. Industrial production growth in Chia in August slowed. Australian dollar closed below 90 U.S. cents for the first time in six months.

Fortis Sells Singapore Diagnostics Unit

Mukesh Buch
15 Sep, 2014
New York City

Autoline sells its U.S. subsidiary for $9 million. Fortis Healthcare sells its Singapore-based diagnostics unit for S$137 million. RIL raised its stake in Reliance Jio to about 99%. RPP Infra won new order worth Rs 55.20 crore in Uttar Pradesh.

Yen Drops to a New Six-year Low

Hiruki Nakamura
12 Sep, 2014
New York City

Stock market in Japan looked to currency trading and the yen declined to new six-year low and traded above 107 against the U.S. dollar. For the week, the Nikkei increased 1.8%. Ateam, the online gambling site operator estimated higher annual revenues and earnings.

L&T, Bajaj and Gayatri Win Orders, Titan Selects Coimbatore for New Plant

Mukesh Buch
12 Sep, 2014
New York City

Bajaj Electricals won eight new orders totaling Rs 518 crore from Madhya Pradesh government. Gravita India won export order worth Rs 230 crore Gayatri Projects received Rs 159 crore order from NHAI. L&T secured an order worth Rs 1,885 crore from NTPC.

Weekly Loss of 0.6% in Australian Index

Marcus Jacob
12 Sep, 2014
New York City

Australian indexes closed lower on Friday and for the week dropped 0.6%. Weak iron ore price in Shanghai trading overshadowed domestic news. Pacific Brands annual sales rose nearly 4% but swung to a loss.

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