Entries tagged "BRIC"
Fraud-felled Satyam Computer Services Ltd. is being called "India's Enron," after the head of the Indian out-sourcing giant admitted this week he had cooked the books to the tune of about $1 billion, leaving the company with almost no cash. Enron went bust and filed for Chapter 11. Its trustee eventually recovered billions of dollars from banks for creditors. What about Satyam?...
"Satyam" in India's ancient Sanskrit language means "truth," but the Mumbai-based company named Satyam Computer Services Ltd.'s balance sheet had numbers that were far from the truth, according to its chairman and founder Ramalinga Raju. ...
At The Deal's M&A Outlook 2009 conference, Nick Rees, co-managing partner of the corporate M&A group at Linklaters LLP, and Paul Beecy, a tax partner at Grant Thornton LLP, discussed cross-border dealmaking and investments by BRIC countries -- Brazil, Russia, India and China -- in U.S. businesses. - Maria Woehr...
Deal Journal's Dennis Berman noted Friday that there are no female activist hedge fund managers. Indeed, we are hard pressed to think of a woman helming a domestic activist fund. However, The Deal's Ron Orol reported on one earlier this year, but there's a catch ... the fund is Chinese....
JetBlue Airways Inc. founder David Neeleman on Thursday went public with his long-rumored plans to start a discount airline in Brazil. Neeleman, who holds both U.S. and Brazilian citizenship and is therefore free from limits Brazil places on foreign ownership of airlines, said he has raised $150 million from unnamed Brazilian and U.S. investors to start the so-far unnamed airline....
After months of negotiations and several false reports that an announcement was imminent, India's Tata Motors Ltd. finally appears ready to announce a definitive agreement to buy the Land Rover and Jaguar brands from Ford Motor Co. Ford put the luxury brands on the block last summer in hopes of raising cash to fund a restructuring of its North American operations. The Dearborn, Mich.-based automaker named Tata as preferred bidder in January, but talks have bogged down in the months since over issues including pension funding and security for the brands' U.K.-based work force....
