HindustanTimes Fri,18 Apr 2014


Sun Pharma to acquire Ranbaxy in $4 billion transaction

Sun Pharmaceutical Industries and Ranbaxy Laboratories Ltd on Monday announced that they have entered into definitive agreements pursuant to which Sun Pharma will acquire 100% of Ranbaxy in an all-stock transaction.

Sensex ends 16 points lower; Sun Pharma gains nearly 3%

The BSE benchmark Sensex on Monday closed over 16 points lower with investors turning cautious after the first phase of voting in Lok Sabha elections got under way, amid weakness in global equities.

Etihad CEO says near finalising next stage of Air Berlin partnership

Etihad Airways' chief executive said on Monday that the airline was close to sealing the next phase of its partnership with Air Berlin and that it was still in due diligence over a possible tie-up with Alitalia.

Sun has been rising quietly in India

Thirty one years later, Dilip Shanghvi announced plans to buy Ranbaxy in an audacious $4 billion deal to buy Ranbaxy to become the world’s fifth largest generic drug company and India’s biggest pharmaceutical firm.

Rupee ends 3 paise lower at 60.11 against dollar

In choppy trade in line with local equities, the rupee on Monday closed lower by three paise at 60.11 against the dollar.

Bharti Airtel to raise $400 mn in overseas debt shortly

As part of its $2 billion debt raising plan, India's largest telecom firm Bharti Airtel is set to tap the overseas bond markets again with $400 million issue later this month to repay high cost loans.

There’s more to Google Glass than meets the eye: here’s how

The company has developed a Glass app that a surgeon can use to monitor the heart rate and other indicators even as she performs an operation, without wasting a split second to turn the head.

SBI to offload up to Rs. 4,000 crore bad loans to ARCs

India's largest banker SBI is selling off its non-performing assets (NPA) of around Rs. 3,500 – Rs. 4,000 crore for the financial year 2013-14 to asset reconstruction companies (ARC).

How to choose the right fixed income fund

Money that can be locked in for a period should go to fixed maturity funds of that period. It’s a simple recipe, and one of the desirable by-products of having a focussed and predictable monetary policy.

Credit card default rate makes banks wary

The economic slowdown and rising prices have increased the default rate on credit cards and banks pulling out all stops to ensure it does not go out of control.

Indian companies employ 1 lakh staff in UK, Tatas on top

Tata Motors accounts for 80% of the £19-billion (approx Rs. 1.9 lakh crore) turnover of the 41 fastest-growing Indian companies based in Britain, according to a new analysis by consultants Grant Thornton LLP released on Friday.

Is the note of an engine music to your ears? You may be a superbiker at heart

So you have a few lakh rupees sitting around, and you want to splurge it on that superbike of your dreams. Almost all bike makers of the world are in India now: all you now need to do is decide what to buy!

Gold imports may not be eased till polls

The government is likely to take baby steps towards easing restrictions on gold import. There will be minor tweaking to allow easier imports of the yellow metal but any major step is unlikely due to the model code of conduct.

Make tax planning less taxing this year

As the financial year begins, this is the best time to plan your tax saving options for the year ahead. However, before you do so, analyse various sections of deductions. Tax planning does not end with Section 80C.

Bets are on: will a Modi govt retain RBI governor Rajan?

Strategists in Modi's BJP, confident that his jobs-first policy pitch will secure a strong voter mandate, suggest that they would prefer to have one of their own at the helm of the RBI.
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