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GSK raises stake in Indian arm to 72.5%

Drug major GlaxoSmithKline Plc (GSK) has increased stake in its Indian subsidiary GlaxoSmithKline Consumer Healthcare Ltd to 72.5 per cent in a transaction worth Rs 4,800 crore (Rs 48 billion).In a......

GSK to spend $904 mn to lift stake in India arm

London-based GlaxoSmithKline on Monday announced a $940-million (Rs 5,220-crore) open offer to raise its stake in its consumer products company in India - GlaxoSmithKline Consumer Healthcare - from......

'Our Indian operations are a great success story'

Andrew Witty, chief executive of GlaxoSmithKline, the world's second-largest drug company, was in India this week as part of the dedication of an albandazole manufacturing facility at Nashik to the......

GSK Pharma scouts for domestic buys

GlaxoSmithKline Pharmaceuticals, the Indian arm of global drug major GlaxoSmithKline, is scouting for acquisitions in the domestic market to consolidate its Indian business. "We have a cash balance......

GSK India clones local strategy

Deviating from the global business strategy of its UK parent, GlaxoSmithKline Pharmaceuticals India, the largest multinational drugs company in the country, is planning to sell in India drugs that......

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Sensex ends lower; pharma stocks take a hit

Mumbai: Indian shares took a breather on Monday and closed marginally in red on profit booking after hitting fresh 2.5 year highs. Pharma companies... ...

http://ibnlive.in.com/news/sensex-surges-over-100-points-metal-stocks-early-gainers/392769-7.html

India Infoline Weekly Newsletter - May 17, 2013

Top Stories S&P says downgrade risk exists, leaves rating unchanged The global rating agency Standard & Poor's (S&P) affirmed BBB- rating for India... ...

http://www.indiainfoline.com/Markets/News/India-Infoline-Weekly-Newsletter-May-17-2013/5685274749

BSE Sensex up 50 pts; Nifty holds 6150; banks rally

News Flash: GVK Power and Infrastructure's power division is likely to hurt company financials , 11:33am Cement stocks buzzing Reports of Lafarge... ...

http://www.moneycontrol.com/news/local-markets/bse-sensex50-pts-nifty-holds-6150-banks-rally_872455.html

Are Nestle, Colgate eyeing Unilever-HUL type buyback deals?

Owing to an excellent state of affairs in the consumer space, there is increased speculation of more Unilever type deals where foreign parent... ...

http://www.indiainfoline.com/Markets/News/Is-Nestle-Colgate-eyeing-Unilever-HUL-type-buyback-deals/5682031740

Should you focus on MNC stocks?

The open offer to buy back the shares of Hindustan Unilever (HUL) seems to have set tongues wagging, as suggested by the renewed clamour for MNC... ...

http://economictimes.indiatimes.com/markets/stocks/stocks-in-news/should-you-focus-on-mnc-stocks/articleshow/20001905.cms

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Rediff News

Glaxo Arm Glaxo India

News for Glaxo Arm Glaxo India

GSK raises stake in Indian arm to 72.5%

GSK to spend $904 mn to lift stake in India arm

'Our Indian operations are a great success story'

GSK Pharma scouts for domestic buys

GSK India clones local strategy

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