Mumbai is a distant number two with 90 per cent, followed by Delhi at 83 per cent. The fourth metro, Kolkata, is way behind with 67 per cent. The four metros account for 16 per cent of the country's mobile subscriber base, but 25 per cent of the total revenue. That means their residents use their phones more and pay fatter bills than subscribers elsewhere in the country. This is the user profile that rings a bell for mobile phone marketers.
Three leading international pharma companies have started due diligence to acquire Wockhardt Ltd's wholly-owned Irish generic drug company, Pinewood.
Wockhardt will divest a 24 per cent stake in its unlisted subsidiary, Wockhardt Hospitals.
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