Investment Management
* Jet Airways (India) Ltd. won approval from India’s investment panel to sell a stake to Etihad Airways PJSC, the first share sale by a local carrier to a foreign airline after the nation eased ownership rules. * Jet’s plan to sell a 24 percent stake to Etihad was approved by the Foreign Investment Promotion […]
* Caterpillar is the world’s leading manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives. The company also is a leading services provider through Caterpillar Financial Services, Caterpillar Remanufacturing Services and Progress Rail Services * Caterpillar Inc has reached an agreement with Societe Generale to repurchase $1 […]
* Raffles Medical Group Ltd., Singapore’s second-largest private medical-services provider, may seek acquisitions to capitalize on rising health-care spending in Asia after expansion plans stalled * The company will consider buying a small center in Singapore offering specialized services if there are suitable opportunities, Chief Financial Officer Lui Chong Chee said in a telephone interview […]
* To avoid the fate of other slow- selling electric vehicles, Bayerische Motoren Werke AG will offer the new i3 — a battery-powered compact car — with a unique option: the use of a sport-utility vehicle. * Customers of BMW’s first electric model can book a conventional auto like the full-sized X5 SUV for several […]
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