Cipla unit gets notice from US firm for termination of acquisition deal
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In November 2018, Cipla had announced that InvaGen Pharmaceuticals Inc has entered into definitive agreements to acquire US-based speciality business firm Avenue Therapeutics for up to USD 215 million (around Rs 1,560 crore).
Interview: I always thought I was founder of PepsiCo, believe in pay parity with a passion, says Indra Nooyi
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In an exclusive interview with Moneycontrol, Indra Nooyi talks about her views on pay parity, her Indian roots, the flourishing startup ecosystem, and how she wants to give back to her country of birth.
Automobile dealersâ body FADA on Tuesday termed the current festive season the worst in terms of business in a decade for its retail partners across the country as chip shortage impacted supplies in passenger vehicles creating a huge shortage of vehicle
Nokia claims top 5G speed of 9.85 Gbps on Vi network during trial
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The company has achieved the top speed in back end data transmission, which means connecting mobile base stations network, during the trials in Gandhinagar, Gujarat.
Adani Power gets NCLT nod to acquire Essar#39;s 1,200 MW Mahan project
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NCLT, Principal Bench at New Delhi, in its order dated November 01, 2021, approved the resolution plan submitted by Adani Power Ltd for acquisition of EPMPL (Essar Power M P Ltd), a company undergoing insolvency resolution under the Insolvency and Bankruptcy
Vodafone Idea, Ericsson team up to showcase power of 5G in healthcare
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The 5G trial network set up by VIL on government allocated 3.5 GHz mid-band and 26 GHz mm Wave-band in Pune, deploys Ericsson Radios and Ericsson Dual Mode Core based on cloud-native technology.
PNB Housing Finance Q2 profit slumps to Rs 235 crore
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Among the other key financials during Q2FY22, the company#39;s net interest margin stood at 3 per cent compared to 3.5 per cent in the year-ago period.
The country#39;s reliance on oil for meeting its energy needs will stay as almost all of its road, rail, air and sea transport happens on fuel produced from oil.
Dollar edges higher as Fed meets to set monetary policy
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The market has fully priced in the Fed#39;s expected tapering announcement, and will be looking for any clues as to when the central bank will begin raising rates, similar to last week#39;s European Central Bank meeting.
Jaypee Infratech Q2 loss widens to Rs 613.87 crore
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The company#39;s total expenses increased to Rs 865.98 crore during July-September quarter of this fiscal year from Rs 693.32 crore in the year-ago period.
Dhanteras 2021: India to see Rs 20,000 cr gold sales on firm demand; Experts see prices around Rs 52,000-53,000 by next Diwali
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Gold has always been integral to festivals and celebrations in India, particularly so during Dhanteras and Diwali. We expect this Dhanteras and Diwali to be one of the best in recent years even when benchmarked to pre-covid seasons, said WGC India CEO Somasun
Union Bank of India sees 3-fold jump in net profit to Rs 1,526 crore in September quarter
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The bank#39;s asset quality improved with the gross non-performing assets falling to 12.64 per cent of the gross advances by the end of September 2021, from 14.71 per cent by the end of September 2020.
Yahoo pulls out of China amid #39;challenging#39; environment
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Yahoo is the second large U.S. technology firm in recent weeks to reduce its operations in China. Last month, Microsoft#39;s professional networking platform LinkedIn said it would shutter its Chinese site, replacing it with a jobs board instead.
Ola reports operating profit of Rs 90 crore for FY21, revenue dips to Rs 689.61 crore
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ANI Technologies, which also has food delivery and financial services offerings, saw its operational loss narrowing to Rs 429.20 crore in FY21, while revenue declined 63 percent to Rs 983.15 crore on a consolidated basis.
Rupee gains 19 paise to end at 74.68 against US dollar
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Dollar supply remained high on the back of IPOs, while traders may remain light in holiday truncated weeks, Parmar said, adding «Spot USD/INR is expected to trade in a tight range of 74.50 to 75».
Huawei to sell key x86 server division due to US blacklisting: Report
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The Chinese telecoms giant is selling the server business to a consortium that includes at least one government-backed buyer, the report said, citing people familiar with the matter.
Saudi Arabia wants businesses and families to pick Riyadh
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Some see the kingdomâs ambitions as a direct challenge to the UAEâs emirate of Dubai, which exudes luxury with its trendy bars and restaurants, five-star hotels, endless shopping and family-friendly beaches tailored for Western lifestyles and Asian
Dhanteras 2021: Buying gold during Diwali ideal way to mix tradition with financial acumen, says CapitalVia Global Research
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Purohit of CapitalVia Global Research says Gold is regarded as an investment all around the world due to its long history and high value. It aids in the creation of wealth and helps to control and mitigate financial market risks and growing inflation.
Centre hoping #39;positive support#39; from Supreme Court for resumption of mining: Nitin Gadkari
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Goa#39;s economy is related to the iron ore export and that is why our government has been working sympathetically to resolve this issue. But the Supreme court is Supreme Court. So, we have to make a proper presentation before the SC and find a way out of thi
SBI offers pre-approved 2-wheeler loan on mobile app
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Already, the bank gives a 5 basis points discount on home loans if it is applied online/Yono. All eligible SBI customers can avail of the digital two-wheeler loans through the Yono app without visiting a branch, the bank said in a statement.
MG Motor delivers over 500 units of SUV Astor on Dhanteras
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This is particularly special considering acute shortage of chips, it added. The company further said that it is trying its best to improve the availability to meet its initial target of 4,000-5,000 deliveries by December end 2021.
Delhi HC restrains generic pharma firms from making, selling patent drug of Novartis
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The injunction order has been passed against Natco Pharma, Torrent Pharmaceuticals, Eris Lifesciences and Windlas Biotech, generic pharma firms making or selling Valsartan and Sacubitril.
Audi expects robust business growth in India over next few years
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The company, which has shifted its entire product range in the country to petrol and electric lines since April last year, has already introduced eight new products in the market in the first nine months of the year and is now gearing up to bring in the new v
These Indian-origin leaders hold top positions at global financial companies
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Barcleys appointed CS Venkatakrishnan as its chief executive. Apart from Venkatakrishnan, several Indian origin persons are are leading the largest global financial companies as CEOs, Presidents, or Chairpersons of the Board of Directors.
IRCTC - Why investors should avoid despite a stellar quarter
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While we continue to believe that the reported numbers of IRCTC will look up, at the current price, most of the positives are priced in. Any intervention from the government or adverse news flow remains a key overhang
White Oak Capital Group completes acquisition of Yes Asset Management
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GPL Finance and Investments, a subsidiary of White Oak Capital group, received capital markets regulator Sebiâs approval to acquire Yes Asset Management from the current sponsor, Yes Bank in September.
Tata Motors may not need a managing director after all
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The Mumbai-based manufacturer of luxury cars, sports utility vehicles (SUVs) and trucks is not looking for a replacement for Guenter Butschek, who stepped down from the MDâs position by the end of June 2021
CBI books Mumbai-based firm for cheating IDBI Bank of Rs 63.10 crore
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The agency carried out searches at nine places, including at Mumbai, Nagpur and Chhattisgarh, at the premises of the accused which led to recovery of incriminating documents.
