According to inside sources, Pfizer Inc. and Mylan NV are planning to merge their off-patent businesses to create a generic drug giant. Pfizer holds the credit for blockbuster drugs, such as Viagra and Lipitor. The deal, if it goes through, can be…
Hyundai Motor India Ltd. (HMIL), following the tremendous response for its electric sport utility vehicle (SUV) Kona, is planning to come up with an electric vehicle (EV) for the mass market. S.S. Kim, Managing Director and CEO of HMIL, said, “In the…
Reliance Industries Ltd.’s telecom unit, Jio, has become India’s second-largest operator by dethroning rival, Bharti Airtel. It became the second most popular network by number of subscribers as of May 2019, as revealed by government data. Jio, since it was launched in…
South Korean chemical manufacturer, Foosung Co has been asked by SK Hynix and Samsung Electronics to increase its supply of hydrogen fluoride. This move comes after Japan threatened to impose stronger curbs on the export of the chemical to South Korea, where…
A $100 million contract for 1,000 Barak-8 MRSAM missile kits has been won by Kalyani Rafael Advanced Systems (KRAS), a joint venture between India’s Kalyani Group and Israel’s Rafael Advanced Systems. The kits will be manufactured at a production facility near Hyderabad…
According to Edited, a retail analytics firm, the worldwide beauty industry currently values $532 billion and is predicted to keep growing in the near future. The rising popularity of social media platforms is being considered one of the biggest influencers in the…
London: DTEK Oil & Gas has won a competition to develop Zinkivska Block as part of Ukraine’s largest Product Sharing Agreement (PSA) in history. As part of the agreement, $37 million will be invested by the company to start exploration and production…
Tata Group has completed the sale of its Docomo firm under its Tata Teleservices division to Bharti Airtel for $7.3 billion (₹50,000 crore). Under the deal finalised in October 2017, India’s premier conglomerate decided to do away with its non-performing telecommunications business….
Diageo India on Tuesday asked the Center to encourage ‘ease of doing business’ that promotes states to introduce reforms for the alcoholic beverage market. Emphasizing on the need for a ‘stable and simplified policy regime’, the spirit manufacturer also stated there is…
The Federation of Indian Chambers of Commerce and Industry (FICCI) requested the inclusion of the battery swapping model of charging for incentives under Faster Adoption and Manufacturing of (Hybrid &) Electric Vehicles (FAME-II) scheme to aid the adoption of electric mobility in…
