Deals

Japan banks to bulk up India presence on improving ties

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MUMBAI - Faced with a shrinking economy and tepid loan demand at home, Japan's largest banks are looking to bolster their presence in India, enthused by Prime Minister Narendra Modi's reform agenda and improving ties between the two countries.

Motherson Sumi buys assets of Scherer & Trier for $44.8 million 16 Dec 2014

REUTERS - Auto parts maker Motherson Sumi Systems Ltd would buy assets of Germany's Scherer & Trier group for about 36 million euros ($44.8 million) through a subsidiary, Motherson Sumi said in a statement late on Monday.

Russian bank VTB to lend Essar $1 billion 11 Dec 2014

NEW DELHI - Russian bank VTB will open a $1 billion credit line to India's Essar Group, chief executive Andrei Kostin said on Thursday during a visit to New Delhi by President Vladimir Putin.

Russia's Rosneft secures oil and gas deals with India 11 Dec 2014

NEW DELHI - Russia's top oil producer Rosneft struck oil and gas deals with India on Thursday, seeking to strengthen ties with Asia and diversify its exports away from Europe, under pressure from Western sanctions.

Citigroup to post $2.7 bln in added legal costs in 4th qtr - CEO 10 Dec 2014

- Citigroup Inc will record $2.7 billion in litigation expenses and another $800 million in repositioning charges, leaving the third-largest U.S. bank "marginally profitable" in the fourth quarter, its chief executive officer said on Tuesday.

Chevron and ONGC Videsh join New Zealand oil, gas search 09 Dec 2014

WELLINGTON - New Zealand awarded 15 oil and gas exploration licences on Tuesday, with U.S. giant Chevron and India's ONGC Videsh joining the hunt in the South Pacific country for the first time.

CCI clears Sun Pharma-Ranbaxy deal 09 Dec 2014

MUMBAI - The Competition Commission of India (CCI) approved generic drugmaker Sun Pharmaceutical Industries' $3.2 billion bid to buy Ranbaxy Laboratories, but ordered the firms to divest seven products to ensure the deal doesn't harm competition.

Reliance Industries, Pemex to explore oil, gas opportunities in Mexico 05 Dec 2014

MUMBAI - Reliance Industries Ltd said on Friday it has entered a pact with Mexico's national oil company Petroleos Mexicanos (Pemex) to explore potential upstream oil and gas business opportunities in that country.

Denmark's ISS sells cash management business in India 04 Dec 2014

COPENHAGEN - Danish business services firm ISS has sold its Indian cash and valuables services business to unlisted Indian company SIS Prosegur for an undisclosed amount.

Luxottica signs deal with Intel to develop computerised eyewear 03 Dec 2014

MILAN - Italy's Luxottica is joining forces with U.S. chipmaker Intel Corp to develop hi-tech glasses as the world's largest eyewear group pushes further into so-called wearable technology.

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