MUMBAI: Two former bosses of multinational banks, Vikram Pandit of Citi and John Mack of Morgan Stanley, are among a few high net-worth individuals co-investing with Indian private equity fund GTI Capital, to purchase stake in Indian companies.
January 29, 2013
January 28, 2013
US companies offset weak sales growth with fat margins
After four years of belt-tightening, American companies are good at squeezing more profit out of every dollar of sales - a skill that chief executives regard as critical in the face of an uncertain economy.
January 27, 2013
Davos 2013: Carney says next two years decisive for banks
The incoming governor of the Bank of England has said the next two years will be "decisive" for bank reform.
January 26, 2013
PepsiCo replacing Gatorade ingredient after online petition
PepsiCo Inc is removing a controversial chemical from its Gatorade drinks following concerns from consumers and an online petition by a Mississippi teenager.
January 25, 2013
Apple shares fall 12% on growth fears
Apple shares have tumbled 12% as investors fret over whether the company could lose its dominance in the smartphone market.
January 23, 2013
French multinationals, Iran to team up in Lebanon energy projects
The French multinational energy corporations Total SA and GDF Suez SA have invited Iran to cooperate with them in oil and gas projects in Lebanon, according to the representative of a French company.
January 22, 2013
Dreamliner: Japan and US probe battery maker
US and Japanese authorities have begun a joint investigation into GS Yuasa, the Japanese battery maker for Boeing's troubled 787 Dreamliner aircraft.
It comes after an All Nippon Airways (ANA) 787 had to make an emergency landing due to a battery malfunction.
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