WASHINGTON - U.S. regulators are in the early stages of an antitrust probe into whether Google Inc, the top player in Web display advertising, breaks antitrust law in how it handles some advertising sales, a source told Reuters on Thursday.
LONDON - From ketchup to hot drinks, family-run investment firms are shaking up the consumer deals market, squeezing out private equity players and forcing them to change strategy.
BEIJING/HONG KONG - China reiterated its opposition on Thursday to a European Union plan to limit airline carbon dioxide emissions and called for talks to resolve the issue a day after its major airlines refused to pay any carbon costs under the new law.
Warburg Pincus to buy India's Future Capital: source
MUMBAI (Reuters) - U.S. private equity firm Warburg Pincus LLC WP.UL has agreed to buy a controlling stake in Indian financial services company Future Capital Holdings FCHL.NS for 5.5 billion rupees ($98.8 million), a source with direct knowledge said on Monday.
Warburg will pay 162 rupees per share, an 18 percent premium to Future Capital's Friday closing price, for a 53.7 percent stake.
Future Capital, which is currently controlled by Pantaloon Retail PART.NS, is a non-banking finance company that gives consumer and mortgage loans and has a market capitalisation of $158.4 million.
(Reporting by Nandita Bose)
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