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Shanghai Fosun

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Big drugmakers step in to develop, import test kits

Cadila, Biocon developing rapid antibody testing kits; Eris, Mylan, Gland importing. Indian pharma majors are gearing up to develop or import testing kits for the novel coronavirus as demand for......

'What kind of growth is it when 90% of population is out of it?'

‘When the masses are deprived of the benefits of growth, how can it be growth itself?’ ‘You cannot sustain growth without equality and employment’ ‘After all, when......

Deal Street sets $81 billion record as promoters shed taboo

The taboo in selling assets has departed from the Indian promoter’s psyche, which is resulting in a large number of billion-dollar deals. In October, when the Essar group sold its 98 per......

Shanghai Fosun to buy Gland Pharma for $1.4 billion

Rare deal of a Chinese drug firm buying an Indian company likely this week Hong Kong-listed Shanghai Fosun Pharmaceutical (Group) has agreed to buy Hyderabad-based Gland Pharma, backed by private......

Landmark deal: Chinese insurer buys Waldorf Astoria for $1.95 bn

Hilton Worldwide Holdings Inc said it would sell its flagship Waldorf Astoria New York hotel to a Chinese insurance company for $1.95 billion, one of the highest prices per room ever paid for a US......
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Coming to India and making

Success in manufacturing is not just about being cheap - cheap labour, cheap land, cheap power...
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