Gabelli Funds increases stake in Viacom by 1 percent to 9.64 percent

August 15th, 2009 Qatar acquire 17% Porsche stakeDOHA, Qatar — Qatar Holding has announced it will acquire a 17 percent stake in Volkswagen AG, which is merging with Porsche, in a deal that will exceed $10 billion. This comes after the Porsche and Piech families said it will sell a 10 percent stake of their shares to the Gulf company.

August 5th, 2009 News Corp boosts stake in Sky DeutschlandNEW YORK — News Corp., the media conglomerate controlled by Rupert Murdoch, has boosted its stake in German pay TV company Sky Deutschland AG to 39.96 percent. Sky Deutschland was formerly known as Premiere AG.

July 28th, 2009 Earnings roundup: Viacom, Teva PharmaceuticalAmong the earnings stories for Tuesday, July 28, from AP Financial News: NEW YORK (AP) — Viacom Inc. said Tuesday its second-quarter profit tumbled 32 percent as revenue fell amid a weak advertising market, slower video game sales and lower box-office results.

July 3rd, 2009 KOLKATA - State-run UCO Bank will invest Rs.45 crore in its proposed general insurance company, a top bank official said here Friday. "We will pick up a 30-percent stake in the general insurance venture, which will have a capital base of Rs.150 crore," the bank's chairman and managing director S.K.

June 8th, 2009 NEW DELHI - Divestment of even minority stake in state-owned firms can raise nearly $95 billion (Rs.450,309 crore), help clean the red ink on the government's balance sheet and make enough room for another fiscal stimulus, said an independent study released Monday. The study by Delhi-based brokerage firm SMC Capitals said as much as $94.77 billion can be raised from the sale of equity in state-run firms even if the government retains 51 percent controlling stake.

June 6th, 2009 MUMBAI - Wind turbine maker Suzlon Energy has raised its stake in Germany-based REpower Systems AG to 90.72 percent by acquiring Martifer Group's 14.4 percent stake in the company, it was announced here Saturday. Suzlon acquired Portugal-based Martifer's stake with a final payment of 87.6 million euros ($122.3 million), the company said in a statement.

June 2nd, 2009 Goldman Sachs sells $1.9B stake in China's ICBCHONG KONG — Goldman Sachs has raised more than $1.9 billion after selling part of its stake in Industrial & Commercial Bank of China as the U.S. investment firm seeks to repay government bailout funds.

May 25th, 2009 NEW DELHI - Taking cue from the other realty majors, the board of real estate firm Parsvnath Developers Monday approved a proposal to raise up to Rs.2,500 crore (Rs.25 billion/$529 million) through qualified institutional placement (QIP). "The board has decided to raise funds by various means, including through issuance of further securities to persons other than the existing equity shareholders of the company and also by way of QIP to qualified institutional buyers (QIB) for raising a sum of up to Rs.2,500 crore," Parsvnath said in a regulatory statement.

May 20th, 2009 MUMBAI - Norway's Telenor has acquired another 15.5 percent stake in Unitech Wireless, the telecom arm of realty major Unitech, for Rs.1,130 crore (Rs.11.3 billion/$237 million), taking its shareholding in the Indian company to 49 percent, it was announced Wednesday. 'Unitech Wireless on May 19, 2009, received an amount of Rs.1,130 crore in aggregate from Telenor Asia Pte Ltd for acquisition of further 15.5 percent stake in Unitech Wireless by way of issuance of fresh shares,' the Indian telecom operator said in a regulatory statement.

May 13th, 2009 MUMBAI - Strapped for cash, Delhi-based realty major DLF Wednesday said its promoters have sold a 10 percent stake in the firm for Rs.3,860 crore (Rs.38.6 billion) to meet their contractual obligations and infuse money into another subsidiary. Founded by Kushal Pal Singh, the promoters of the company may also use the proceeds for buying the stake held by technology investment firm D.E.

May 13th, 2009 MUMBAI - Realty major DLF announced Wednesday its promoters would sell close to 168 million shares or about 10 percent of their stake in the company to infuse capital in its subsidiary DLF Assets Ltd (DAL). The company which would hope to raise about Rs.39.7 billion as per the scrip's Tuesday's closing price of Rs.236.25 at the Bombay Stock Exchange also said that the money would be used to buy out D.E Shaw's stake in DAL.

April 30th, 2009 Viacom's 1Q earnings fall 34 percentNEW YORK — Media conglomerate Viacom Inc. said Thursday its first-quarter profit fell 34 percent, hurt by falling ad and entertainment revenue.

March 25th, 2009 MUMBAI - The Novartis India scrip jumped almost 20 percent Wednesday to hit the upper circuit after Novartis AG of Switzerland, a group subsidiary, said it would make an open offer to acquire an additional 39 percent stake in the Indian unit. The Novartis scrip, which opened at Rs.275.60, shot through the roof after the announcement, rising 19.99 percent above its last closing figure to rule at Rs.330.70.

March 17th, 2009 MUMBAI - Norwegian telecom major Telenor Tuesday said it will take 67.25 percent stake in Unitech Wireless, up from the previously stated 60 percent, for Rs.61.2 billion investment. 'While Telenor's initial investment under the agreement will continue to be the previously agreed Rs.61.2 billion ($1.2 billion), it has been agreed that Telenor, after this investment, would be holding 67.25 percent in Unitech Wireless,' Unitech said in a regulatory filing.

March 13th, 2009 CHENNAI - City-based Sterling Projects and Engineering Ltd and one of its promoters, S. Jayalakshmi, have increased their combined stake in the Rs.2.13-billion real estate company Arihant Foundations and Housing to 7.37 percent.