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ЛОНДОН: Private equity firm CVC Capital Partners confirmed on Tuesday that investors Waddell & Reed , Norges Bank and BlackRock had paid $1.6 billion in cash for a 21 percent stake in the Formula One motor racing business. “We look forward to working with our new partners over the coming years,” said Donald Mackenzie, a managing partner at CVC, calling the investment great news for Formula 1. CVC, which had owned 63.4 percent of the business, said it would continue to be Formula 1′s largest and controlling shareholder.
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KIEV: Anna darts gleefully around the two sparsely-furnished rooms situated through an archway off a steep street that climbs up from Kiev’s Independence Square. She is a general showing off her new headquarters. “This is going to be our training room for our Euro strikes,” she says
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Staff Report ISLAMABAD: Interior Minister Rehman Malik said on Tuesday that the notice sent to the Sharif brothers in the Supreme Court Attack Case is according to the court’s order.
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Staff Report ISLAMABAD: The Parliamentary Committee on Appointment
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According to Inter Services Public Relations (ISPR), simultaneous efforts are being undertaken to tackle effects of water on the site in the shape of pondages, cutting and crevasses.
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Online has learnt from reliable source, that Punjab Police has sent Red book of most wanted criminals to the Khyber Pakhtoonkhwa government and FATA secretariat. The Red book comprising of 54 criminals names, including the criminals involved in Benazir Bhutto and Pervez Musharraf’s attack. Provincial Home department of the Punjab government has sent this book to the concerning department of KPK’s government
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Turkmenistan plans this week to sign a long-awaited agreement to supply natural gas to Pakistan and India through an ambitious US-backed pipeline that would cross Afghanistan, a source in the Central Asian country s government told Reuters on Monday. Turkmenistan, which holds more than 4 percent of the world s natural gas reserves, plans to sign the sales and purchase agreement for the TAPI pipeline on Wednesday, during an international gas conference in the Caspian Sea resort of Avaza
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The dollar was at INR55.03 late Monday in Asia, up from INR54.42 late Friday. It rose to a record high of INR55.05. A wave of global risk aversion sparked by the specter of Greece s possible disorderly exit from the euro zone had pushed Asian currencies lower in tumultuous trading sessions last week
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Inmates of three prisons, located in Colombo city, Kalutara town and in Vavuniya town, are demanding that they be charged for their crimes or be released, Xinhua reported. The fast began last week with the participation of 80 inmates of the Colombo prison but the number rose to 234 over the weekend with prisoners from two other prisons joining the protest.
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Staff Report ISLAMABAD: Key religious parties of the country have announced revival of Milli Yakjehti Council (National Solidarity Council).