The group's testing lab chain SRL Ranbaxy has been renamed as Religare Super Laboratories. RanAir, its charter aviation company will be known as Religare Voyages. About 15 group companies, including joint ventures like Religare Macquarie Private Wealth, Religare Aegon and Vistaar Religare have come under the umbrella brand Religare.
Firm reaches out-of-court agreement on 5 of 19 patent challenges in the US.
On January 31, the US Federal Trade Commission cleared the merger.
Profit motives shouldn't override national interests, said BJP leader at the Business Standard annual awards function. Though he did not name Ranbaxy, the signal from the Bharatiya Janata Party's prime ministerial candidate was clear.
Both companies can now complete the deal.
Sun Pharma has evinced its interest in buying Hyderabad-based biotech company Zenotech Laboratories, through an open offer to buy 28.1 per cent worth Rs 18.41 crore ($3 million).
All medicines that have USFDA approvals continue to be produced in the Poanta Sahib facility. The USFDA has not given any approval for new drugs as they have some concerns. We are addressing them, Malvinder Singh said.
The price has been cut 39 per cent to Rs 555.85 from Rs 908 per share originally after its request to redeem the bonds ahead of maturity was rejected by the Reserve Bank of India.
The company buys distressed assets across the globe and turns them around to not only add to its books but also its product pipeline and regions.
Promoter of Ranbaxy Laboratories, Malvinder Mohan Singh, not only sold a strategic stake in his company to Japanese pharma major Daiichi Sankyoand, he even managed to get a good increment for himself. According to the company's extraordinary general meeting notice, Singh will now earn a salary and allowances of Rs 25 crore per annum as against Rs 19.58 crore earlier.
Torrent to buy Ranbaxy's anti-bacterial generic
Brian Tempest is among the four directors of cash-strapped healthcare chain whose removals were sought by two institutional investors. Three directors -- Harpal Singh, Sabina Vaisoha and Tejinder Singh Shergill -- had already resigned before the EGM.
The central bank is the money manager of the government, and not a guarantor of any debt.
Over-expansion, bad management, and multiple allegations irreparably taint Malvinder and Shivinder Singh
Sun maintained it would retain the best of both organisations to build a global pharma company.
The rupee on Wednesday strengthened by another 3 paise to 62.82 against the US dollar.
USL is already contesting a Karnataka High Court order.
The quake struck on Tuesday morning at about 06:00 local time (2:30 am IST on Tuesday), the Japan Meteorological Agency said, adding that the epicentre of the quake, which was felt in Tokyo, was off the coast of Fukushima prefecture at a depth of about 25km, the agency said.
Ranbaxy did its maiden public issue in 1973.
The rupee recovered from more-than three months low of 63.15 in early trade on dollar selling by banks.
Two individuals filed the petition in the high court of Andhra Pradesh
Fortis Healthcare Executive Vice-Chairman Shivinder Mohan Singh is stepping down from his position to join a philosophical and spiritual organisation.
The move comes in the wake of many facilities of Ranbaxy in India being barred by the US Food and Drugs Administration for supplying medicines to the US.
"My family reputation kept me a silent spectator, as I mutely watched the organisation I founded come to a point where it was publicly auctioned; where my family and myself have been stripped of our legacy, our finances and my personal credibility."
All of Ranbaxy's India-based factories are currently banned by the FDA from exporting medicines to the United States, the company's largest market, after the regulator's inspection found violation of its so-called good manufacturing practices.
FDI in drugs and pharmaceuticals was $487 million during April-August 2012, according to the latest data of the Department of Industrial Policy and Promotion.
'Nothing in this world is permanent. So also in business.' 'And more so in family businesses where family issues often influence business decisions,' point out S Subramanian and Nupur Pavan Bang.
On March 11, 2011, a magnitude 9.0 earthquake struck at 2:46 PM Japanese Standard Time off the coast of Japan, unleashing enough seismic force to knock the entire world off its axis by more than six inches. Five years later, here's is a comparative photo-feature showing how much things have changed since then
SSTL is the second operator after Vodafone that has approached FIPB for raising FDI limit.
We bring you a collection of some of the best photographs taken this week by ace Reuters photographers.
The Singapore subsidiary of the UK-based GlaxoSmithKline plans to buy 24.33 per cent stake or 2.06 crore equity shares in GlaxoSmithKline Pharmaceuticals Ltd through an open offer.
A glance back at some of the important ups and down Indian Inc faced in 2018.
The merger has fortified Sun Pharma's position.
.jpg)
The report comes at a time when the government is trying to clear pending FDI proposals, which include various planned investments in this sector.
Ranbaxy, which is 63.5 per cent-owned by Japan's Daiichi Sankyo Co and gets more than 40 per cent of its sales from the United States, did not immediately respond to a request on Wednesday for comment on the FDA observations.
Competition watchdog says 'high market concentration' in some segments a worry.
The deal had separately come under scanner of the market regulator Sebi for alleged insider trading violations and the present 'no-objection' from the exchanges.
4 Ranbaxy facilities in India have been barred from exporting to US.
The annual summit between India and Japan on Saturday will seek to forge greater bilateral trade and investment ties, with Japanese Prime Minister Shinzo Abe coming with a high-powered business delegation.
.jpg)
The company has been reported to be retrenching staff.
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances