Samsung buy

Seoul/New Delhi, Nov. 14: Electronics giant Samsung will buy Harman International Industries for $8 billion as the Korean company attempts to tap into the auto electronics market. Leading brands under Harman include JBL, Harman Kardon, Mark Levinson, AKG, Lexicon, Infinity, and Revel. It also licenses Bowers & Wilkins and Bang & Olufsen brands for automotive. The deal, which is being pegged as the largest overseas acquisition ever by a South Korean firm, will see Samsung pay $112 per share in cash.

Aon Hewitt

New Delhi, Nov. 14: US-based HR consulting firm Aon Hewitt today announced the acquisition of CoCubes, a hiring assessments company, to strengthen its presence in India. The companies said it was an all cash-transaction but did not specify the deal size.

MF accounts

New Delhi, Nov. 14: Driven by the addition in equity fund folios, mutual fund (MF) houses have registered a surge of more than 36 lakh investor accounts in the first seven months of the current fiscal, taking the total tally to 5.13 crore.

FDI count

New Delhi, Nov. 14: Following steps taken by the government to improve the ease of doing business and attracting foreign investments, FDI into the services sector jumped over two-and-a-half times to $5.28 billion in the April-September period.