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  • Sahara Group Chairman Subrata Roy gestures as he speaks during a news conference in Kolkata

    NEW DELHI/MUMBAI (Reuters) - London's landmark Grosvenor House hotel has been put up for sale after its owner, part of troubled Indian conglomerate Sahara which has been trying to raise funds for its jailed boss Subrata Roy, was placed into administration by creditors. Consultant Deloitte said on Tuesday it had been appointed …

  • Sahara's Grosvenor House hotel in London put up for sale - Deloitte Reuters - UK Focus - Tue, Mar 3, 2015 15:14 GMT

    NEW DELHI/MUMBAI, March 3 (Reuters) - London's landmark Grosvenor House hotel has been put up for sale after its owner, part of troubled Indian conglomerate Sahara which has been trying to raise funds for its jailed boss, was placed into administration by creditors. Consultant Deloitte said on Tuesday it had been appointed …

  • Retail-focused conglomerate China Resources Enterprise (HKSE: 0291.HK - news) (CRE) expects the financial impact from the initial stages of its joint venture with Tesco to send it to a full-year loss for 2014, the company said on Tuesday. CRE, which competes with China's top hypermarket operator Sun Art Retail Group, …

  • Nifty hits record high above 9,000; RIL jumps Reuters - Tue, Mar 3, 2015 10:30 GMT
    Stock brokers engage in trading at a brokerage firm in Mumbai

    MUMBAI (Reuters) - The Nifty rose to a record high on Tuesday, led by gains in Reliance Industries (RELI.NS) after CLSA said the conglomerate could report a record profit for the fourth quarter. The 50-share ...

  • Malaysia's Sime Darby completes $1.74 bln New Britain Palm Oil buy Reuters - UK Focus - Tue, Mar 3, 2015 00:49 GMT

    Sime Darby Plantation Bhd, the plantation arm of Malaysia's conglomerate Sime Darby Bhd , has completed $1.7 billion acquisition of Papua New Guinea-based New Britain Palm Oil Ltd , the company said on ...

  • Rebekah Brooks in talks to return to News Corp - source Reuters - UK Focus - Mon, Mar 2, 2015 11:57 GMT

    Rebekah Brooks, the former Rupert Murdoch protegee cleared last year of running an illegal campaign to hack into phones for tabloid scoops, is in talks to return to the media conglomerate, a source said on Monday. A person familiar with the situation said Brooks, who rose in 14 years from the most junior newsroom position …

  • Ajit Jain of Berkshire's insurance operations plays a game of bridge during Berkshire Hathaway Shareholders annual meeting in Omaha

    Warren Buffett, at a news conference in Bengaluru in 2011, lavishly praised Berkshire Hathaway executive Ajit Jain for smoothly running much of the conglomerate's insurance businesses. Buffett, the billionaire chief executive officer and chairman of Berkshire, said he would also support Jain if ever he decided to seek …

  • Greg Abel, the 52-year-old head of Berkshire Hathaway Energy, is not unlike the company he oversees: like utilities themselves, he is reliable, hard-working – and usually in the background. While his boss, billionaire investor Warren Buffett, has the salesmanship and flair to put his face on everything from rubber duckies …

  • China's top hypermarket group Sun Art says 2014 profit up 4.8 pct Reuters - UK Focus - Sun, Mar 1, 2015 12:28 GMT

    Sun Art Retail Group Ltd on Sunday reported a 4.8 percent rise in 2014 profit, as China's biggest hypermarket chain continued to expand into lower-tier cities. The joint venture between Taiwanese conglomerate ...

  • In his 50 years at the helm of Berkshire Hathaway Inc, Warren Buffett has transformed a failing textile company into a sprawling conglomerate that has vastly outperformed most of the rest of corporate America. In the 84-year-old's annual shareholder letter released on Saturday, Buffett said Berkshire has grown so large …

  • Buffett says 'sprawl' is good, but may not be good enough Reuters - Sat, Feb 28, 2015 22:31 GMT
    Berkshire Hathaway CEO Buffett bites into an ice cream during a trade show at the company's annual meeting in Omaha

    Warren Buffett wants to buy more businesses to add to Berkshire Hathaway Inc's "sprawl," but cautioned it may not keep the company he has run for 50 years from evolving into something rarely used to describe it up until now: average. In his annual letter to shareholders, Buffett on Saturday said Berkshire's huge balance …

  • AFP apologises to French industrialist after death reported

    The TF1 television channel, which is owned by the Bouygues conglomerate, also denied the death of the 62-year-old businessman

  • AFP apologises to French industrialist after death reported

    AFP issued an apology to French industrialist Martin Bouygues, chairman and CEO of the conglomerate Bouygues, for reporting his death

  • AFP apologises to French industrialist after death reported

    French conglomerate Bouygues denied the death of its CEO Martin Bouygues as reported in error by AFP

  • AFP apologises to French industrialist after death reported

    French industrialist Martin Bouygues' conglomerate specialised in construction and the media

  • SEBI cancels Sahara's portfolio management license Reuters - Fri, Feb 27, 2015 17:06 GMT
    A man walks past Sahara India Complex building in Noida

    The Securities and Exchange Board of India (SEBI) has cancelled the portfolio management license of Sahara's asset management division, in yet another setback for a conglomerate that is trying to raise $1.6 billion to free its jailed boss. Sahara Chairman Subrata Roy has been held in a New Delhi jail since last March after …

  • Some staff say Sahara has not paid salaries for months Reuters - Fri, Feb 27, 2015 11:48 GMT
    A man pedals his rickshaw past Sahara India Complex building in Noida on the outskirts of New Delhi

    Some staff at conglomerate Sahara say they haven't been paid for several months, as the company tries to raise $1.6 billion to bail its boss Subrata Roy out of jail. Reuters interviewed 11 employees independently contacted in separate units in Delhi, Mumbai and Lucknow this week, and found workers at what was once one …

  • A man pedals his rickshaw past Sahara India Complex building in Noida on the outskirts of New Delhi

    Some staff at Indian conglomerate Sahara say they haven't been paid for several months, as the company tries to raise $1.6 billion to bail its boss Subrata Roy out of jail. Reuters interviewed 11 employees independently contacted in separate units in Delhi, Mumbai and Lucknow this week, and found workers at what was once …

  • * Ayala, SM, Megaworld and Aboitiz join forces * Most diversified conglomerate San Miguel to bid solo * Nine multi-billion peso PPP deals awarded so far (Adds other bidders, background) MANILA, Feb 27 ...

  • MANILA, Feb 27 (Reuters) - Some of the Philippines' largest conglomerates, including Ayala Corp and SM Investments Corp, are joining forces to bid for the country's largest infrastructure scheme - a 123 ...

  • Malaysia's Genting says Q4 net profit drops Reuters - Thu, Feb 26, 2015 12:03 GMT

    KUALA LUMPUR, Feb 26 (Reuters) - Malaysian conglomerate Genting Bhd posted on Thursday a 43.4 percent drop in fourth-quarter profit, mainly hurt by a loss on derivative financial instruments and an impairment ...

  • KUALA LUMPUR, Feb 26 (Reuters) - Malaysia's conglomerate Sime Darby Bhd is exploring plans to monetise its Indonesia plantations business through listing, mergers or reverse takeover, its group chief executive ...

  • A shopper rides an escalator past a logo of Hitachi Corp at an electronics retail store in Tokyo

    Italian aerospace and defence group Finmeccanica (SIFI.MI) has agreed to sell its rail business to Hitachi Ltd <6501.T> in a deal which will cost the Japanese conglomerate up to 1.9 billion euros ($2.2 billion) and cut Finmeccanica's debt by 15 percent. For Hitachi the acquisition will strengthen its position in Europe, …

  • Finmeccanica agrees sale of rail businesses to Hitachi for $2.2 bln Reuters - UK Focus - Tue, Feb 24, 2015 20:19 GMT

    Italian aerospace and defence group Finmeccanica has agreed to sell its rail business to Hitachi Ltd in a deal which will cost the Japanese conglomerate up to 1.9 billion euros ($2.2 billion) and cut Finmeccanica's debt by 15 percent. For Hitachi the acquisition will strengthen its position in Europe, where it competes …

  • A visitor walks past a stand for Italian defence group Finmeccanica during the IDEX at the Abu Dhabi National Exhibition Centre

    Italian conglomerate Finmeccanica (SIFI.MI) has agreed to sell its rail assets to Japan's Hitachi <6501.T> in a potential 1.9 billion euro (1.39 billion pounds) deal that will cut its debt by 15 percent and help it to refocus on aerospace and defence. Hitachi, meanwhile, will gain a stronger foothold in Europe to compete …

  • Provident Metals and Dallas-based conglomerate Elemetal have partnered to offer investors a real-time bullion trading service with allocated vault storage: Elemetal Vault . This new portal allows precious ...

  • Hitachi set to buy Finmeccanica assets in European rail push Reuters - UK Focus - Tue, Feb 24, 2015 03:39 GMT

    LONDON/MILAN, Feb 23 (Reuters) - Hitachi Ltd has agreed to buy Italian conglomerate Finmeccanica (LSE: 0ONG.L - news) 's rail and signal assets, sources close to the matter said, a deal expected to top $2 billion and give the Japanese firm a stronger foothold in Europe to compete with bigger rivals. For Hitachi, which …

  • General Electric's (GE.N) 12.4 billion euro (9 billion pounds) bid for Alstom's (ALSO.PA) power equipment business could lead to price rises, EU antitrust regulators said on Monday as they opened a full-scale investigation into the deal, increasing pressure on the U.S. conglomerate to offer concessions. In 2001 the European …

  • A man walks in front of Brazilian Oil company Petrobras's headquarters in Rio de Janeiro

    A Brazilian prosecutor sought to block a possible government leniency deal with construction and engineering companies implicated in a giant bribery and money laundering scheme at state-run oil company Petrobras, according to a document published Saturday on a Brazilian news site. The letter requests an injunction to stop …

  • Police arrest five for theft, sale of oil ministry papers Reuters - Thu, Feb 19, 2015 18:42 GMT
    A driver waits in a taxi for his turn to fill up his tank with diesel at a fuel station in Kolkata

    Police have arrested five people on charges of stealing official documents from India's petroleum and natural gas ministry and selling them to energy consultants and companies, the Delhi Police said on Thursday. The police said in a statement they were tipped off that some people were "trespassing" into ministry offices …

  • Sahara Group Chairman Subrata Roy gestures as he speaks during a news conference in Kolkata

    SAN FRANCISCO/NEW YORK (Reuters) - Federal authorities in San Francisco are probing U.S.-based Mirach Capital Group, two sources familiar with the situation told Reuters, amid allegations that the group gave a forged bank letter to Indian conglomerate Sahara as part of financing negotiations. Sahara had sought to borrow …

  • Japanese conglomerate Sony announced on Tuesday that it would be spinning off its video and sound business into a separate wholly-owned subsidiary as it attempts to return to profit.

  • Philippine conglomerate San Miguel Corp is evaluating an offer from Japan's Mizuho Financial Group Inc to buy its majority stake in unlisted Bank of Commerce, a top San Miguel executive said on Wednesday. Mizuho, Japan's second-largest lender by assets, is only one in a shortlist of potential investors in the Philippine …

  • The Sahara group chairman Subrata Roy arrives at the Supreme Court in New Delhi

    The jailed boss of Indian conglomerate Sahara has asked a court for more time to work out a deal to raise funds against properties and get bail, three lawyers involved in the case said, after talks with a U.S.-based firm collapsed this month. Subrata Roy on Tuesday asked the Supreme Court to let him use a high-tech office …

  • A court has awarded Russia's Sistema (AFKS.MM) industrial conglomerate damages of 70.7 billion roubles ($1.1 billion) for losses related to the seizure of the Bashneft (BANE.MM) oil company, RIA news agency reported on Monday. The Moscow Arbitration court ruled that a firm called Ural-Invest, which sold a stake of over …

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