Industry News

Far East Consortium International Limited is delighted to announce that the Group has signed a contract to purchase a key section of the Western Australia Government's Perth City Link project. The mixed-use development located adjacent to the Perth Arena will deliver more than 350 residential apartments and 250 hotel rooms managed by Dorsett on two prime lots. It is a major project being undertaken by the Western Australian government to..."/>
FEC Appointed as the Developer for Key Perth City Link Site Mixed-use Development to Add to City Vibrancy
CNOOC Limited today announced its interim results for the six months ended June 30, 2016.. In the first half of the year, all businesses of the Company including exploration and development have made steady progress. Regarding exploration, the Company made six new discoveries and drilled 26 successful appraisal wells."/>
Cost Control Measures Achieve Remarkable Results Steady Progress in All Businesses in 1H 2016
Barclays Capital PLC had reached a joint settlement of $25.6 million, in..."/>
Wells Fargo, Barclays Capital settle for $25.6M in 38 Studios lawsuit [The Providence Journal, R.I.]
Reliance Capital Ltd on Tuesday said it has inducted Anmol Ambani, the eldest son of Anil Ambani, the promoter of the group, as an additional director. Reliance Capital said the induction was based on the recommendation by the nomination and compensation committee of the company's board, which largely comprised independent directors. Anmol Ambani, 24, is the elder of two siblings, and has been working in various financial services..."/>
BRIEF: Anil Ambani's son Jai Anmol joins Reliance Capital board [Mint, New Delhi]
State Bank of India on Wednesday said that its committee of directors for capital raising had authorised the bank to raise Rs.11, 100 crore worth additional Tier-I capital through issuance of Basel III-compliant perpetual debt instruments. In a notification to the stock exchanges, the bank said that these perpetual debt instruments will be issued in dollar or rupee terms through private placements to domestic and/or international investors, in as many..."/>
SBI plans to raise Rs11,100 crore through AT-1 bonds [Mint, New Delhi]
The AT-1 time-bomb in bank capital [Mint, New Delhi]
Piramal Enterprises partners with Bain Capital for stressed asset investment fund. Billionaire Ajay Piramal-led Piramal Enterprises Ltd on Tuesday said it is launching a $1 billion distressed asset investment platform in association with private equity fund Bain Capital Credit, reported Mint."/>
Deals Buzz: Piramal, Bain Capital to launch stressed asset investment fund [Mint, New Delhi]
Boston Herald The Ticker column [Boston Herald]
Yes Bank Ltd, on Tuesday launched seven credit cards together to boost its retail banking business in partnership with MasterCard. The cards come in two categories, where one is Yes Prosperity range under which there are five credit cards and the other is Yes First range under which there are two credit cards. The Yes First range is available for its high networth customers."/>
Yes Bank launches 7 credit cards [Mint, New Delhi]
DCB Bank Ltd's IPO in October 2006 was subscribed 35 times, while Yes Bank Ltd's IPO in June 2005 was subscribed 29.13 times, according to..."/>
RBL Bank IPO closes, subscribed 69.57 times [Mint, New Delhi]
Azrieli Group Ltd. is taking another step towards expanding its activity in the digital arena. The group today launched the Azrieli app, in which the group says it invested NIS 2 million. The app is designed first and foremost as a tool for increasing customer loyalty and movement of customers in Azrieli shopping malls in order to distinguish the Azrieli brand name and gain an advantage over Melisron Ltd. and..."/>
Azrieli launches shopping mall app in Israel [Globes, Tel Aviv, Israel]
Piramal Enterprises Ltd on Tuesday said it is launching a $1 billion distressed asset investment platform in association with private equity fund Bain Capital Credit. "Once finalized, the platform will invest capital directly into businesses and/or acquire debt of such businesses to drive sensible restructurings. The sponsors believe that there is an over $1 billion investing opportunity in this space over the next few years, "..."/>
Piramal Enterprises announces stressed asset investment fund with Bain Capital [Mint, New Delhi]
Bajaj Finance Ltd have risen higher than that of top banks such as HDFC Bank Ltd. As such, the NBFC rally may have weaker legs from here on. Besides, the June quarter results of these companies were a mixed bag."/>
Valuations and growth quality are both a worry at NBFCs [Mint, New Delhi]
Gammon Infrastructure Projects Ltd, with which it had entered into a transaction to buy a total of nine assets in August, two people aware of the development said. "Work on the second tranche of asset purchase was on the slow lane for some time. However, the transaction is now almost complete and will be closed in the next couple of weeks, "said one of the two people cited above,..."/>
Brookfield close to buying remaining Gammon Infrastructure assets [Mint, New Delhi]
DCB Bank Ltd's IPO in October 2006 was subscribed 35 times, while Yes Bank Ltd's IPO in June 2005 was subscribed 29.13 times, according to..."/>
RBL Bank IPO closes, subscribed 69.57 times [Mint, New Delhi]
Reliance Capital Ltd on Tuesday said it has inducted Anmol Ambani, the eldest son of Anil Ambani, the promoter of the group, as an additional director. Reliance Capital said the induction was based on the recommendation by the nomination and compensation committee of the company's board, which largely comprised independent directors. Anmol Ambani, 24, is the elder of two siblings, and has been working in various financial services..."/>
BRIEF: Anil Ambani's elder son Anmol joins Reliance Capital board [Mint, New Delhi]
State Bank of India, ICICI Bank Ltd, Capital Float, Indifi Technologies and FlexiLoans to facilitate these loans."/>
Shopclues to disburse loans worth Rs5,000 crore to sellers [Mint, New Delhi]
Edelweiss Financial Services Ltd--submitted unconditional bids to manage the sale and were later..."/>
Sale of SUUTI holdings put on hold [Mint, New Delhi]
Rockwell Collins will begin to move those 300 employees back into its main campus next month. Rockwell spokeswoman Pam Tvrdy-Cleary said the decision to move them to 400 Collins Rd. NE was to co-locate them with the employees they work with and support."/>
Rockwell Collins to move 300 out of downtown [The Gazette, Cedar Rapids, Iowa]
Citigroup erroneously sent some active Costco members an email last week telling them that their memberships had lapsed and that their accounts were closed. "We communicated to a small portion of Costco card members whose memberships had lapsed that their accounts had been closed, however some members received the communication in error," said Jennifer Bombardier, a Citi spokeswoman. "We quickly apprised them that their accounts are active and we apologize for any..."/>
Citigroup sends erroneous email to some Costco members [The Seattle Times]

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Most Popular Sectors in the News
Sectors Articles in the last 7 days
Consumer Discretionary526 Articles
Information Technology488 Articles
Financials419 Articles
Industrials318 Articles
Health Care280 Articles

Sponsored Financial Commentaries

Request Profile Update

Only a company representative may request an update for the company profile. Documentation will be required.

To contact , please visit . Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.