Birla’s stake in Living Media approved

Financial Express 28 August 2012 New Delhi: Competition Commission of India (CCI) today said it has approved Aditya Birla group’s purchase of 27.5 per cent stake in Living Media India Ltd, the holding firm of media giant India Today Group. The stake is being...

PE investments slips 35 per cent

Financial Express 16 August 2012 Mumbai: The gloom on the economic front both domestically and abroad has resulted in private equity investments in the country falling 35 per cent during the April-June quarter, a report has said. Private equity funds invested USD...

LUKoil Ups Stake in Italian Refinery to 80% for €400 Mln

RIA Novosti 4 September 2012 Russian oil company LUKoil has closed a deal to buy a 20 percent stake in the ISAB refinery in Sicily from Italy’s ERG in a deal worth €400m, the company said on Tuesday. The deal increases LUKoil’s stake in the facility to 80...

Online tutorial Classle raises Rs 2.7 crore from Chennai Angels

Economic Times 24 August 2012 Chennai-based Classle, an online social network for learning, has raised $500,000 from Chennai Angels, as a first step toward raising up to $5 million as growth capital in about a year. Classle, started by IIT-Madras alumnus Vaidya Nathan...

NMBA to fund bamboo-based small industries in Arunachal Pradesh

Economic Times 2 September 2012 The National Mission on Bamboo Application (NMBA) has said it will provide funds for establishment of bamboo-based small scale industry in Arunachal Pradesh. The assurance was given by NMBA Director in-charge and Mission Coordinator...