Dengue has become a major public health concern in India with 289,235 cases reported last year. This year there were 19,447 cases of dengue which resulted in 19 deaths till April 2024.
Sun Pharmaceutical Industries on Tuesday said its arm DUSA Pharmaceuticals Inc has reached settlement with Biofrontera to resolve a litigation over misappropriation of trade secrets and unfair practice, following which DUSA will receive $22.5 million (nearly Rs 170 crore). In 2018, DUSA Pharmaceuticals had filed a suit at the US District Court of Massachusetts against Biofrontera Inc Biofrontera Bioscience GmbH, Biofrontera Pharma GmbH, and Biofrontera AG (together known as Biofrontera) alleging "misappropriation of trade secrets, tortious interference of contract and unfair trade practices".
Casa Everz Gmbh, the owner of Germany-based healthy footwear brand Von Wellx, will be shifting its entire shoe production of over three million pairs annually in China to India with an initial investment of Rs 110 crore, according to a top official of the company's licensee Iatric Industries Pvt Ltd. A new manufacturing unit will be set up with a production capacity of over three million pairs in Uttar Pradesh through a collaboration with Iatric Industries Pvt Ltd as part of an understanding with the state government.
Billionaire Mukesh Ambani's Reliance Industries has invested euro 25 million in German solar wafer maker NexWafe GmbH to use the firm's technology to set up giga-scale wafer manufacturing facilities in India. "NexWafe GmbH (NexWafe) today announced the induction of Reliance New Energy Solar Limited (RNESL), a wholly-owned subsidiary of Reliance Industries Limited (Reliance) as a strategic lead investor in its euro 39 million ($45 million) Series C financing round with an investment of euro 25 million ($29 million) in phase one," the Indian firm said in a late Tuesday evening statement. The investment by Reliance will accelerate product and technology development for NexWafe, including the completion of the commercial development of NexWafe's solar photovoltaic products on prototype lines in Freiburg.
Germany-based Mutares SE & Co will acquire 80 per cent controlling stake in Mahindra & Mahindra's French unit Peugeot Motocycles. In a statement, the Mumbai-based auto major on Thursday said Mutares has submitted an irrevocable binding offer to acquire 50 per cent of equity and a controlling stake of 80 per cent in France-based Peugeot Motocycles (PMTC). As part of the deal, Purple, a fully-owned entity of Mutares Holding, would invest 7 million euros in PMTC, which would entitle it to a 50 per cent shareholding and 80.01 per cent voting rights in the French firm.
So far, GMTS has defaulted on the supply of more than 20 cargoes or shiploads, 13 of which were set to be received in the second quarter (July-September), officials said.
Adani Wilmar Ltd (AWL) on Tuesday announced the acquisition of several brands, including the renowned 'Kohinoor' brand from McCormick Switzerland GMBH to strengthen its leadership in food business. The deal size was not disclosed. The acquisition would give AWL exclusive rights over the brand 'Kohinoor' basmati rice along with 'Ready to Cook', 'Ready to Eat' curries and meals portfolio under the Kohinoor brand umbrella in India, the company said in a statement.
'Cracks continue to appear in more and more houses.' 'We believe the government is not going to tell us the truth.'
The latest avatar of the F-15 is designed to deal with the world's most potent air threats that are emerging from China.
EPIRUS Switzerland GmbH is a wholly-owned subsidiary of Boston-based Epirus Biopharmaceuticals, Inc.
Ahmedabad-based pharma company Torrent Pharmaceuticals is to acquire a Pfizer Group company, Heumann Pharma in Germany engaged in marketing of generic medicines.
Hochtief Airport GmbH, which has tied up with Piramal Holdings India Ltd and L&T Holdings in its bid for the airport modernisation process, is interested in developing the Mumbai airport.
Saab believes co-developing Tejas Mark II would end need for Rafale. Ajai Shukla reports
Weidlich said that India failed to take Ayurveda and Siddha medicines to the world market.
Airbus' $99 million payout puts a new light on Eurofighter's 'unsolicited bid' to the Modi government, reducing the cost of the Typhoon fighter by 20 per cent, making it in retrospect significantly cheaper than the Rafale.
Secusmart provides high-security voice and data encryption and anti-eavesdropping solutions for government organisations, enterprises and telecommunications service providers in Germany as well as globally.
Following are the four goal-line technology systems licensed by soccer's governing body FIFA.
Though Rajesh had dreams of becoming an entrepreneur after completing his studies, Ajeet confessed that he didn't even know the word 'entrepreneur' way back in 1994.
The J-20 fighter prototype, a 5th generation combat aircraft built by China's Chengdu Aircraft Industry, made its first flight on January 11, 2011. This necessitates a re-evaluation of the IAF's procurement of 4th generation medium fighters, which is close to being finalised. Ajai Shukla reports
For years, India's proposed purchase of 126 medium multi-role combat aircraft has been valued at Rs 42,000 crore. Now that valuation is set to rise dramatically
Dagger-Forst Tools Ltd said Oswald Forst GmbH, Germany holds 4.15 per cent in the company since 1965.
A German bankruptcy court has sold off Reliance Industries' polyester making subsidiary Trevira GmbH to two local entrepreneurs for an undisclosed amount.
In order to tap the booming construction sector, Europe's leading infrastructure group, Strabag SE, has joined hands with Indiabulls Real Estate Ltd for working on large development projects in the country.
ArcelorMittal has entered into binding agreements to reduce its economic and voting interest in Dillinger Hutte from 51.25 per cent to 33.4 per cent in line with existing governance rights through sale of shares to Struktur-Holding-Stahl GmbH & Co KG aA and Dillinger Hutte Saarstahl AG, a company statement said. Dillinger Hutte enterprise value is estimated to be about $2.6 billion, the statement said.
Tata Power Company Ltd has signed a development agreement with Germany's Siemens Project Ventures GmbH to jointly bid for ultra mega power projects.
Automaker Mahindra & Mahindra Ltd on Thursday said it is in talks with the promoters of Germany-based Schoeneweiss & Co GmbH to acquire a majority stake
The government has approved 15 foreign technology collaboration proposals including that of Finolex Industries and Tata Motors.
Tata group's global e-learning firm, Tata Interactive Systems, on Monday acquired two European software companies in a move to expand its global presence for an undisclosed amount.
Wockhardt Hospitals will expand to 10 to 15 hospitals over the next few years
Pharma-major Wockhardt Limited on Thursday announced the acquisition of a German pharmaceutical firm -- esparma, GmbH -- for $11 million [Rs 49 crore (Rs 490 million)].
Bullish on the Indian market, the euro4.3-billion German lighting major Osram plans to set up a second manufacturing plant in the country.
Mahindra & Mahindra Ltd is to pick up a majority stake in US-based Bristlecone Inc, an enterprise resource planning company, through a new overseas joint venture company with an investment of up to $7 million.
Bosch Security Systems, part of Robert Bosch GmbH and one of the biggest security companies in the global market, announced the launch of networked video solutions, a state of the art video surveillance system that allows remote monitoring over IP ne
IT solutions provider Aftek Infosys Ltd said it has acquired 49 per cent stake in Munich-based Arexera Information Technologies Gmbh for Euro 8.86 million.
JCL International on Tuesday announced the launch of multi-level car parking facilities in technical collaboration with Germany's Otto Wohr GmbH in a bid to provide hassle-free parking solutions to vehicle owners in the country.
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