By Swaraj Singh Dhanjal
Private equity (PE) firm Gaja Capital has initiated discussions to exit its investment in John Distilleries Pvt. Ltd, the makers of Original Choice whisky, said two people aware of the development. John Distilleries was established in 1992 by Paul P. John. It has a strong presence across southern states. Its… Read more »
The Chinese e-commerce giant announced in June that its financial affiliate, Ant Financial, will be buying as much as 30 per cent in Ascend Money. It plans to acquire a 20 per cent equity interest with an option to purchase another 10 per cent.
CVC Capital Partners is reportedly in the process of offloading Chinese fast food restaurant chain Da Niang Dumplings, two years after the private equity firm acquired it.
Yak Yew Chee, a BSI Bank Singapore executive whose financial accounts were frozen as part of a probe related to a Malaysian government fund, left the bank in February, according to the firm. Yak had been a relationship manager for 1MDB Global Investments Ltd, a unit of 1Malaysia Development Bhd, whose… Read more »
Low fare airline AirAsia India’s managing director and chief executive officer Mittu Chandilya has resigned and a new executive from the parent airline is likely to take over in next two to three months, according to two persons close to the development. “Chandilya has submitted his resignation,” one of the… Read more »
Rupert Murdoch’s News Corp said rumours about the company’s interest in buying microblogging site Twitter Inc or building a stake in it were untrue. Twitter‘s shares, which rose as much as 14 percent on Wednesday, pared some gains and closed up 4.1 percent at $17.38. The stock rose from a… Read more »
Apple Inc has registered domain names related to automobiles, adding to speculation about the company’s plans to develop an automobile. The iPhone maker registered the domain names, which include apple.car, apple.cars and apple.auto in December, according to domain information provider Who.is. MacRumors had first reported the news on Friday, but… Read more »
Tribune Publishing Co said it was not in talks or in the process of selling itself, after a tweet by News Corp’s Rupert Murdoch on Friday that suggested Tribune‘s newspaper group would be sold. Tribune Publishing’s shares were up 4.3 percent at $9.69, in early trading. Murdoch said in a… Read more »
The Stock Exchange of Thailand (SET) has suspended the trading in Crown Tech Advance PCL (AJD) today. This follows the earlier action by SET, where had put a ‘halt (H)’ on the trading of the scrip after it hit the circuit, following the rumour that Chinese e-commerce giant Alibaba Group was planning to take… Read more »
Vietnamese marketing platform Beeketing has probably got funded by the US venture capital firm 500 Startups. While neither company has publicly announced the investment, data platforms like AngelList and CrunchBase show that 500 Startups invested in a $125,000 seed round last month. Queries sent to 500 Startups and Beeketing were unanswered… Read more »