New Delhi, May 4 (PTI) Eris Lifesciences on Wednesday said it has acquired Mumbai-based dermatology-focused domestic formulations company Oaknet Healthcare for Rs 650 crore. The acquisition will be completed by way of a share purchase agreement and accordingly Oaknet will become a wholly-owned subsidiary of Eris, the drug firm said in a statement. The deal [...]
New Delhi, May 3 (PTI) Tata Steel will complete the acquisition of Neelachal Ispat Nigam Limited (NINL) by the end of the current quarter, its CEO and MD T V Narendran said on Tuesday. The acquisition of NINL is critical for Tata Steel to build a dedicated long products complex. On January 31, Tata Steel [...]
Adani Wilmar Ltd (AWL) on Tuesday announced the acquisition of several brands, including the renowned 'Kohinoor' brand from McCormick Switzerland GMBH to strengthen its leadership in food business. The deal size was not disclosed. The acquisition would give AWL exclusive rights over the brand 'Kohinoor' basmati rice along with 'Ready to Cook', 'Ready to Eat' [...]
New Delhi, May 2 (PTI) Leading food company Britannia Industries on Monday said it has judiciously increased prices in the January-March quarter on account of cost inflation and would further take such calibrated price hikes to retain its profitability. The Wadia group firm has "continued to take price increases judiciously and remained aggressive on the [...]
New Delhi, May 2 (PTI) Enterprise communications service provider Route Mobile will acquire the artificial intelligence-based blockchain and DLT platform of Teledgers Technology for over Rs 130 crore, according to a regulatory filing. Under the agreement, Route Mobile subsidiary Route Ledger will pay Rs 4.9 crore as advance to Teledgers within 30 business days of [...]
New Delhi, May 2 (PTI) After Fino Payments Bank shareholders rejected a proposal to reappoint two independent directors, the parent firm Fino Paytech on Monday said the changes in the board composition are on account of a "policy decision on the reappointment". Fino Payments Bank on April 30 had said that its shareholders rejected the [...]
Mumbai, May 2 (PTI) Mid-sized fund house DSP Investment Managers has said its investors have gained 19.1 per cent on an annual basis in the past 25 years from its flexi cap fund. Launched late April 1997, the flexi cap fund has an AUM of Rs 7,661 crore as of end March 2022 and is [...]
New Delhi, May 2 (PTI) Internet commerce company Meesho on Monday announced a strategic association with Google Cloud to drive its digital transformation journey. With this collaboration, Meesho expects to generate significant competitive advantage as it looks to build an AI-first supplier experience, better user acquisition strategies and a personalised shopping experience for the next [...]
New Delhi, May 2 (PTI) A large dividend from its cash-rich India operating subsidiary has boosted billionaire Anil Agarwal-led Vedanta Resources Ltd's efforts to refinance debt, Moody's Investors Service said on Monday. On April 28, 2022, mining company Vedanta Ltd announced that its board of directors approved an interim dividend of Rs 11,710 crore (USD [...]
New Delhi, May 2 (PTI) Vodafone Idea has partnered with Indian Council for Research on International Economic Relations (ICRIER) to set up a telecom Centre of Excellence.The centre has been named InViCT (ICRIER and Vodafone Idea Centre for Telecom), which will drive research advisory and policy support efforts, according to a statement."The CoE (Centre of [...]
