Firms/companies

Eli Lilly to buy privately-held AurKa Pharma in a deal potentially worth $575 mn

14 May 2018

Experts finally agree: MH370 crash was deliberate act by suicidal pilot

Experts finally agree: MH370 crash was deliberate act by suicidal pilot

14 May 2018

During an Australian current affairs programme, a panel of experts agreed that Captain Zaharie Amad Shah deliberately crashed the Malaysia Airlines jet carrying 239 people in the Indian Ocean on that fateful day of 8 March 2014

Suzuki to allocate bulk of $1.5 bn R&D spend to Indian unit Maruti

14 May 2018

Xerox terminates $6.1-bn merger with Fujifilm, reaches agreement with Icahn & Deason

14 May 2018

HSBC says performs first trade finance transaction using blockchain

14 May 2018

Air India deal for 111 jets under ED scrutiny

Air India deal for 111 jets under ED scrutiny

14 May 2018

The Enforcement Directorate has started scrutining alleged irregularities in the procurement of aircraft and the surrender of profit-making routes to private airlines

Railways blame maintenance for train delays, vows to improve

12 May 2018

Infosys independent director Ravi Venkatesan resigns

Infosys independent director Ravi Venkatesan resigns

12 May 2018

Industry watchers did not find former former Microsoft India chairman, who joined the Infosys board in 2011, Ravi Venkatesan’s resignation surprising, seeing it as part of recently re-inducted co-founder Nandan Nilekani’s shake-up of the board

Aurobindo and others in the race to buy Novartis portfolio of US assets

Aurobindo and others in the race to buy Novartis portfolio of US assets

12 May 2018

If Aurobindo Pharma is successful in clinching the deal, it would be the largest acquisition of an overseas business by any Indian drug producer, after Lupin's 2015 acquisitions of Gavis Pharmaceuticals and Novel Laboratories for $880 million, in a cash-free and debt deal

PE firm True North to take 265 stake in Fedbank Financial

12 May 2018

Whistling Woods, RJio to set up a virtual reality lab

12 May 2018

During disasters, active Twitter users likely to spread falsehoods

During disasters, active Twitter users likely to spread falsehoods

12 May 2018

On a more positive note, the study found that while Twitter users are likely to spread false news during disasters, Twitter and other media platforms move quickly to correct the misinformation

Railways earmarks Rs5,000 cr to revamp stations before 2019 polls

Railways earmarks Rs5,000 cr to revamp stations before 2019 polls

11 May 2018

With the general elections coming up next year, the railways station development project would be a major milestone for the ruling Bharatiya Janata Party, considering the number of people who use the railways

Royal Dutch Shell to sell its stake in Amberjack Pipeline for $1.22 bn

11 May 2018

Eli Lilly to buy Armo BioSciences for $1.6 bn

Eli Lilly to buy Armo BioSciences for $1.6 bn

11 May 2018

US pharmaceutical company Eli Lilly and Co yesterday struck a deal to buy Armo BioSciences Inc for about $1.6 billion in order to strengthen its immuno-oncology portfolio

SoftBank still undecided on sale of Flipkart stake to Walmart

SoftBank still undecided on sale of Flipkart stake to Walmart

11 May 2018

Despite earlier statements treating the Flipkart-Walmart deal as final, SoftBank’s Masayoshi Son is now reported to be having second thoughts on selling his company's stake in the ecommerce firm

Force Motors to supply Light Strike Vehicles to Indian Army

11 May 2018

Fortis Healthcare accepts investment offer of Rs. 1,800 cr from Hero-Burman

Fortis Healthcare accepts investment offer of Rs. 1,800 cr from Hero-Burman

11 May 2018

It is unclear as to who will run the hospital chain, as neither Dabur nor the Hero group have any previous experience in managing hospitals, unlike rival hospital group or Manipal TPG, Radiant LifeCare or Malaysia's IHH, all of whom were in the fray for Fortis

Royal Enfield to set up plant in South East Asia

10 May 2018

Vijay Mallya a "fugitive from justice", says UK High Court

10 May 2018

SABIC plans to buy ONGC’s stake in OPaL

10 May 2018

For $16 bn Walmart bags Flipkart

For $16 bn Walmart bags Flipkart

10 May 2018

The acquisition of the majority stake makes the $500-billion Walmart the largest shareholder of the Flipkart group and  help it emerge the undisputed leader in ecommerce

Vodafone to acquire Liberty Global's cable, broadband assets in Europe

Vodafone to acquire Liberty Global's cable, broadband assets in Europe

09 May 2018

The acquisition will transform Vodafone from a mobile phone operator into a cable and broadband TV giant across Europe

Walmart majority stake purchase in Flipkart finalised: SoftBank's Son

Walmart majority stake purchase in Flipkart finalised: SoftBank's Son

09 May 2018

Indian banks win Rs10,000 cr lawsuit against Mallya in UK

Indian banks win Rs10,000 cr lawsuit against Mallya in UK

09 May 2018

A UK judge has ruled that lenders can enforce an Indian court ruling related to alleged wilful default on about $1.4 billion in debt by Vijay Mallya, and also refused to overturn a worldwide order freezing Mallya’s assets

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