Pfizer Inc said India’s Sun Pharmaceutical Industries and Israel’s Teva Pharmaceuticals Industries would pay $2.15 billion (Rs 12,500 crore) to settle a patent infringement lawsuit related to its acid-reflux drug Protonix.
4,000 applicants have applied for funds with Nasscom to make use of its programme that promises to finance start-up business ventures in the technology arena.
Domestic tyre major Apollo Tyres has pulled off India’s biggest acquisition in the automotive space, buying out US based Cooper Tire and Rubber Company for $2.5 billion (R14,500 crore).
India's Apollo Tyres Ltd (APLO.NS) agreed to buy U.S.-based Cooper Tire & Rubber Co (CTB.N) for about $2.5 billion in a deal that would make it the world's seventh-largest tire maker and reduce its dependence on a slowing Indian auto market.
IT services major Wipro Ltd on Wednesday said it will triple its headcount in Germany by hiring over 1,000 people over the next three years with an aim to expand its operations in the key European nation.
Google Inc bought Israeli mapping startup Waze on Tuesday for just over $1 billion, a source familiar with the matter said, acquiring an online real-time mapping service to safeguard its lead in one of the most crucial aspects of smartphone usage.
US car major General Motors has temporarily suspended production of the diesel variants of its small car Sail and the sedan based on it, for suspected quality issues in the engine.
ONGC withdrew a statement issued today saying it and Oil India Ltd had signed an agreement to buy a 10% stake in a Mozambique gas field from Videocon Group for $2.48 billion.
Companies are losing millions of dollars as a large number of finance professionals lack sound business knowledge and analytical skills to assess projects, a survey by financial training and consulting firm Elements Akademia has said.
Angela Ahrendts, the 53-year-old Indiana native who transformed the venerable maker of trenchcoats into the 6.3-billion-pound fashion powerhouse Burberry, has become the first female to rise to the top of Britain’s executive pay league.
The RBI on Monday imposed a fine of Rs.
5cr on Axis Bank, Rs.
4.5cr on HDFC Bank and Rs.
1cr on ICICI Bank for violation of KYC norms and anti-money laundering guidelines. HT
A consortium of construction major Larsen & Toubro and Japan’s Sojitz Corp won Rs. 6,670-crore order to build a 626-km stretch of the proposed western dedicated freight corridor.
State-owned ONGC's global arm, ONGC Videsh Ltd (OVL) and Oil India Ltd (OIL) have stuck a deal to buy the 10% stake of Videocon Industries in a Mozambique gas field for $2.5 billion (around Rs. 13,600 crore).
Bank resorts to paper ballots for appointment of directors following differences among founders
When Infosys set up a separate division in India for its business practices, the new arm accounted for just 1.3% of its then total revenue, R268 crore. This figure has more than tripled in five years to R887 crore. But it still contributes a mere 2.2% to tech bellwether’s total revenue.