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Pantalooon Retail raises Rs 500 cr via QIBs
Pantaloon Retail India, a part of Kishore Biyani-run Future Group, today said it has raised about Rs 500 crore through the issue of equities to qualified institutional buyers (QIBs).

Ad spend on social media set to grow by 44 per cent
Social media sites have enjoyed a steep surge in popularity, but fail to attract advertisers at the same pace. Only 13 per cent of the total Internet ad spends have gone into social media initiatives for the year 2008-09, according to a recent study of the top 500 marketers in India (Digital Media Outlook 2009 report by Webchutney).

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Carlyle Group raises $1.04 bn for fourth Asia fund
Global private equity firm The Carlyle Group announced today it has successfully closed its fourth Asian growth capital fund, Carlyle Asia Growth Partners IV, a sector-agnostic growth capital fund which will invest in high growth private companies in China, India, Korea and other key Asian markets.
Business Ideas

Sukhoi listed as most rapidly growing companies of Russia

Major Russian aircraft manufacturer famous for its fighters, Sukhoi has been listed amongst the most rapidly growing companies of Russia by the Economic News Agency rating. - India agrees to allocate extra funds for "Gorshkov" refitting - US special envoy to visit Asia, Russia for talks on N Korea - Ban slams Georgia over "Russian blackmail" claim - Delay in defence equipment supply anguishes Antony - Facebook receives $200 mn investment from Russian firm - Russia mulls $10 bn IMF bond purchase It has been listed together with other Russian companies Gazprom, Norilsk Nickel, Rosneft, Rostelecom, Russian Alcohol, VympelCom, TNK-BP, Transneft and Cherkizovo Group. "Dynamics, authority and development prospects were more important that absolute amounts of bank assets, charter capitals and corporate circulating assets," Sukhoi said in response to it"s listing. Founded by Pavel Sukhoi in 1939 as the Sukhoi Design Bureau, Sukhoi attack and fighter aircraft are in use across the world with a total of more than 2,000 Sukhoi aircraft being supplied to foreign countries on export contracts. India, China, Poland, the Czech Republic, Armenia, Slovakia, Hungary, Georgia, East Germany, Syria, Algeria, North Korea, Vietnam, Malaysia, Afghanistan, Yemen, Egypt, Libya, Iran, Angola, Ethiopia, Peru, Eritrea, and Indonesia are the major countries using the services of Sukhoi. Sukhoi is also one of the leading manufacturers of aerobatic aircraft.


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