UAE dairy brand Marmum takes on foreign domination

Dubai: The battle for supremacy among UAE dairy brands will not be won on dimes and fils. Instead, it’s mega investments that will be required to skim a greater share of the market. That’s what Marmum Dairy is out to do with a Dh500 million investment split into two parts — one for a new […]

India asset manager picks Citi, ICICI for IPO

Mumbai: Citigroup Inc and ICICI Securities Ltd are among banks selected for UTI Asset Management Co.’s planned initial public offering in Mumbai, according to people familiar with the matter. HSBC Holdings Plc, SBI Capital Markets Ltd and Kotak Mahindra Bank Ltd are also picked to arrange the Indian mutual fund’s share sale, said the people, […]