June 13, 2013

Luxoft Holding, Inc announced today that it has commenced an initial public offering of 4,092,070 Class A ordinary shares pursuant to a registration statement on Form F-1 filed with the U.S. Securities and Exchange Commission. Luxoft will be offering 2,046,035 Class A ordinary shares, and another 2,046,035 Class A ordinary shares will be offered by its parent, IBS Group Holding Limited. The underwriters will be granted a 30-day over-allotment option to purchase up to 306,095 additional Class A ordinary shares from Luxoft and 306,095 additional Class A ordinary shares from the selling shareholder to cover over-allotments, if any.

UBS"...

June 13, 2013

Apollo Tyres Ltd (NSE: ApolloTYRE) and Cooper Tire & Rubber Company (NYSE: CTB) today announced the execution of a definitive merger agreement under which a wholly-owned subsidiary of Apollo will acquire Cooper in an all-cash transaction valued at approximately $2.5 billion. Under the terms of the agreement, which has been unanimously approved by the boards of directors of both companies, Cooper stockholders will receive $35.00 per share in cash. The transaction represents a 40% premium to Cooper’s 30-day volume-weighted average price.

This strategic combination"...

June 12, 2013

• Asia now center of gravity of profitable growth for global consumer products and retail
• By 2016, emerging Asia will account for almost a quarter of global consumer products markets and 37% of total consumer products growth
• Only 20% of Asia-based senior executives, currently achieving both accretive margins and sustaining significantly high growth
• Companies must ruthlessly implement eight business imperatives for profitable growth

The role of emerging Asian markets has changed and these markets are now the engine of profitable growth for global consumer products (CP) companies and retailers. In order to capture this opportunity, companies must change the way they approach localization"...

June 12, 2013

Harvest Fund Management (“Harvest”), one of China’s leading asset management companies, today announced that it has launched Harvest Krane, a pioneering joint venture between its international subsidiary, Harvest Global Investments, and Jonathan A. Krane and his team of industry veterans, which will distribute China and Asia-focused mutual funds to institutional and retail investors in the U.S.

The first offering in the U.S. is the Harvest Funds Intermediate Bond Fund (HXIIX) (the “Fund”) advised by Harvest Global Investments. The Fund’s"...

June 11, 2013

An ad hoc approach to IT outsourcing by many MENA telecom operators has led to results below expectations, according to a new study from Oliver Wyman, “Maximizing Value from IT Outsourcing.” Based on a survey of IT executives, the report reveals key areas for improvement and recommends adopting a more strategic approach to sourcing, vendor management, and quality assurance.

While promising better IT quality, lower costs, and greater flexibility, among other benefits, IT outsourcing efforts in the Middle East and North Africa have fallen short in practice. For IT operations, the Oliver Wyman survey reveals significant room for improvement in satisfaction"......

June 11, 2013

The Dubai Chamber of Commerce and Industry concluded its first trade mission to the Commonwealth of Independent States visiting Kazakhstan and Uzbekistan recently.

The Dubai Chamber delegation, which was headed by its Chairman H.E. Abdul Rahman Saif Al Ghurair and comprised of 25 senior business leaders, met top officials and ministers of the two countries while the Chamber-organised business forums in Almaty and Tashkent were attended by hundreds of investors from the two cities.

The"...

June 11, 2013

Investors in Electronic Cigarette Market Leader Include Serial Entrepreneur and Investor Sean Parker and Homewood Capital’s Douglas Teitelbaum

Funding will be used for Marketing, Clinical Trials, Research and Development, and International Expansion

Electronic cigarette brand NJOY, whose ‘NJOY King’ is the most popular e-cigarette in America, has raised $75 million in funding, NJOY CEO Craig Weiss announced today. Investors include serial entrepreneur and investor Sean Parker;"...

June 10, 2013

Hamdi Ulukaya, the Founder, President and CEO of Chobani, based in the United States, was last night named the Ernst & Young World Entrepreneur Of The Year 2013 at an awards ceremony held in Monte Carlo’s Salle des Etoiles. Hamdi was picked from among the 49 country finalists vying for the title across 47 countries, each of whom had already been named the Ernst & Young Entrepreneur Of The Year in their home countries.

Turkish-born Hamdi Ulukaya founded Chobani in upstate New York in 2005 and launched Chobani Greek Yogurt two years later. Less than six years"...

June 10, 2013

Aetna (NYSE: AET), a leading global diversified health care solutions company, has been appointed by the National Health Insurance Company (NHIC) of Qatar to support development of its capabilities for disease management and advanced analytic reporting.

“We are honored to be chosen to play a significant role in the creation of a modern, efficient and integrated health insurance system,” said Sandip Patel, head of Aetna International. “Aetna shares Qatar’s health care vision for a world-class national health care system built on a strong foundation of prevention and primary care. With decades of experience in the United States and around the world, we look forward to applying our clinical health management and technological"......

June 10, 2013

The telecom industry, governments and regulators need to move decisively to fiber in order to support future economic growth, states Arthur D. Little (ADL) in its new report, “National Fiber Strategies: National economic imperative or just another private industry task?”

There are clear economic benefits to improving broadband infrastructure; jobs are created, household income is increased and there is a permanent boost to GDP. Ultra-fast broadband also drives critical diversification of economies, as Small and Medium Businesses are among the first to benefit"...