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Thomas Cook sells 77% stake in India unit to Fairbridge
May 22, 2012 at 04:26 | Source: Reuters
Canada's Fairfax Financial Holdings Ltd will buy Thomas Cook Group Plc's 77% stake in its India operations for about USD 150 million, as the UK holiday firm continues to pay down its debt.
Diageo to hold committee meet in Mumbai starting tomorrow
Mar 12, 2012 at 19:21 | Source: CNBC-TV18
CNBC-TV18's Sunanda Jayaseelan learns that Diageo PLC chief executive Paul Walsh has landed in Mumbai to hold the quarterly executive committee meeting tomorrow and the day-after.
HSBC closes in on $1 bn gen insurance sale: Sources
Mar 01, 2012 at 08:32 | Source: Reuters
British bank HSBC Holdings Plc is nearing a deal to sell its general insurance business for about USD 1 billion, sources familiar with the matter told Reuters, with French insurer AXA SA and Australia's QBE Insurance Group Ltd expected to split the business, a separate report said.
HSBC says it may face criminal charges for transactions
Feb 28, 2012 at 04:52 | Source: Reuters
HSBC Holdings Plc said on Monday it will likely face criminal or civil charges from an expanding investigation into its ties to allegedly illegal money transactions, including some tied to Iran.
US Senate investigating HSBC for money laundering
Jan 25, 2012 at 20:22 | Source: Reuters
HSBC Holdings PLC is under investigation by a US Senate panel in a money-laundering inquiry, the latest step in a long-running US effort to halt shadowy money flows through global banks, according to people familiar with the situation and a company securities filing.
Vodafone hails SC judgement; says has confidence in India
Jan 20, 2012 at 16:32 | Source: PTI
UK-based Vodafone Group Plc, the parent company of Vodafone Essar, today hailed Supreme Court's ruling to set aside the Bombay High Court judgement asking the company to pay income tax of Rs 11,000 crore.

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