Sun Pharmaceuticals, India’s largest drug maker by sales, has acquired Novartis’ branded drug portfolio in Japan for $293 million (Rs 1,900 crore). With this, Sun will gain a strong foothold in Japan, the...
Reliance Defence to partner Rafael for joint venture
Reliance Defence Ltd, a 100 per cent subsidiary of Reliance Infrastructure Ltd, and Rafael Advanced Defence Systems Ltd have decided to set up a joint venture (JV) company in India in the areas of air-to-air missiles...
Japan’s NTT Data, Dell seal $3-bn deal
NTT Data Corp, a unit of Japans former telephone monopoly, agreed to buy technology services businesses from Dell for $3.055 billion. The acquisition was announced by the unit of Nippon Telegraph & Telephone Corp...
Origin withdraws offer to buy Affymetrix
Origin Technologies Corp, owned by Affymetrix Inc’s (AFFX.O) former employees, withdrew its offer to buy the gene-sequencing products maker, hours after Affymetrix said on Monday that Origin’s raised bid was...
LIC increases stake in IDBI Bank to 14.37%
State-owned lender IDBI Bank on Monday informed stock exchanges that Life Insurance Corp. (LIC) of India now owns 14.37% stake in the bank, after a preferential issue of shares last week. The life insurance behemoth...
Infuse Ventures to raise Rs1,000 crore clean tech fund
India’s first venture capital firm dedicated to the clean-technology sector, Infuse Ventures Inc. is raising Rs.1,000 crore to invest in agriculture, healthcare, clean technology and technology for small businesses...
Inox Wind arm acquires Sarayu Wind Power (Kondapuram) Pvt Ltd.
Inox Wind today said its wholly-owned subsidiary Inox Wind Infrastructure Services Ltd has acquired Sarayu Wind Power (Kondapuram) Private Ltd. “We hereby inform that continuing our expansion in southern states of...
Veritas Finance raises Rs 30 crore from Sarva Capital.
The Chennai-based Veritas Finance today said it has raised Rs 30 crore from Sarva Capital in A series funding. The funding will help the Tamil Nadu and Puducherry-focused company to fuel their expansion plans and...
Struggling elitify eyes strategic stake sale to secure funds.
After struggling to secure funds, fashion portal Elitify is exploring a strategic stake sale, according to people familiar with the plan. Elitify is facing a cash crunch and has asked about 80 employees to leave or...
Fairfax buys 33% stake in Bengaluru airport from GVK
The Prem Watsa-backed Fairfax has bought a 33 per cent stake in Bangalore International Airport Ltd for Rs 2,149 crore from GVK Power and Infrastructure, which is selling assets to pare debt. Canadian billionaire Watsa...
Tatas take pilot seat in AirAsia India, Bhatia exits
Tata Sons will soon be in the pilot’s seat of AirAsia India, holding 51 per cent stake in the low-cost airline. At present, it has 41.06 per cent. It will acquire 7.94 per cent from Arun Bhatia-controlled Telestra...
Royal Financial says progressed on Park Bancorp acquisition and $26.8 mln sale of distressed and other assets
Execution of a definitive agreement with a new york based asset management firm to sell $25.8 million of distressed assets * Royal financial announces progress on park bancorp acquisition and $26.8 million sale of...
