Germany-based Merck KGaA, the world's oldest multinational pharmaceutical company, is eyeing to acquire a prominent Indian pharmaceutical company and established drug brands.
Squeezing growth prospects in IT services firms and higher compensation in technology centres run by global companies are the two factors driving this trend.
Popular domestic home appliances brand Jaipan Industries is planning to set up a manufacturing unit in China.
As it turns out, in recent years, companies operating in India have been increasing royalty and technical payments to their parent or associate companies at a fast pace.
While a lot of TN farmers are indeed in a very bad condition, the agitation at Jantar Mantar doesn't seem to be apolitical, says Sudhir Bisht.
The commerce ministry has sought a review of foreign direct investment policy in the pharmaceutical sector, in the light of recent takeovers of domestic companies by multinationals.
The documents seized from Osama bin Laden's compound in Pakistan's Abbottabad city in the May 2 raid confirm that the then al Qaeda chief was obsessive about documenting everything, and that the terrorist organisation functioned like a multinational corporate company.
Jobs are back with a bang in India, proving it to be the most optimistic nation in terms of hiring plans.
FDI inflows into India were $34 billion in 2014, up 22%.
Antacid Digene and pain drug Brufen have been among the top in their categories in India for decades. But not their manufacturer, Abbott.
Dnyaneshwar Nivrutti Bodke is a farmer who hates subsidies and loan waivers. He also helps other farmers turn into businessmen and earn good income from their own farms.
The Obama administration is appreciative of the investment made by Indian-owned multinationals to create new jobs in the United States as is evident from the visit of Acting United States Secretary of Commerce Rebecca Blank to Thomas Steel Strip, a Warren, Ohio-based Tata Steel unit.
If the deal goes through this will be second deal for Ebix in seven months, having bought Centrum group's forex and travel business Centrum Direct for a reported Rs 1,2000 crore valuation last August.
Most have pledged their shares as collateral to raise working capital or a term loan, to increase their holding or to fund an acquisition as a multinational had done to buy an Indian company. Companies are rushing to make disclosures on pledging of shares by their promoters after Sebi made it mandatory. Promoters have to disclose details of pledged shares if the same exceeds 25,000 shares in a quarter or 1 per cent of the total shareholding or voting rights of the company.
The sale will be quicker if an Indian private bank buys it; it will take longer for regulatory clearances if a foreign bank or an NBFC buys it, points out Tamal Bandyopadhyay.
Investors must carefully watch the developments on the MNC pipeline.
The Perumatty panchayat in Palakkad district in Kerala, which had last week issued a licence to multinational beverage company Coca Cola to operate its Plachimada plant for three months, on Monday rejected the cola company's request to operate for tw
Cadila, Biocon developing rapid antibody testing kits; Eris, Mylan, Gland importing. There are two kinds of testing for the novel coronavirus - the real-time polymerase chain reaction test kit that uses throat or nasal swabs and provides results in a few hours, and the other is antibody-based rapid testing kit that use blood samples and provides results in a few minutes.
India gets its first basmati billionaire family. The promoter family of KRBL reaps gains from high demand for basmati in India and overseas. The company had a stock of 300,000 tonnes of rice as of September 30.
One of the reasons for the failure, say industry experts and financial analysts, is that Emami strayed too far from its core with sanitary napkins.
The CBI has claimed that Essar had more than 10 per cent of cross-holdings in Loop Telecom which was against the norms, a charge denied by the two companies.
Recently, Prime Minister Narendra Modi met over 40 CEOs across broad swathes of industry, ranging from makers of mobile devices, auto components, food products to telecom networking equipment and pharmaceuticals. The agenda: To discuss how to make India an integral part of the global supply chain. The focus of the discussion would be the much touted yet not so well understood production-linked incentive scheme (PLI), the centrepiece of the government's drive to massively boost the manufacturing sector. To do so, the government has created a war chest of over Rs 197,000 crore to be paid out as incentives to over 14 industries in five years. There are three objectives to the scheme, two explicitly stated, one implied.
'Four times in Indian history, in 1992, 2000, 2007 and now, markets are at 25 times price-earnings.'
Most technology companies such as Infosys and Wipro, multinationals such as Amazon and IBM, and start-ups such as Flipkart have made the city their home thanks to its salubrious climate, cosmopolitan culture, and the ability to get talent locally
The name is a combination of Hyderabad's airport code and the US and was given with the idea that this company would, one day, become an MNC.
Apart from making your purchases on these platforms expensive, it will also mean sellers will have to face the brunt of reduced cash flows amid already low margins for some. Experts said the proposal, which will take effect on April 1, 2020, and will be inserted as a new section in the Income Tax Act, is expected to affect the working capital of e-commerce companies and reduce cash flows for e-sellers.
The lawyer had urged the court to hear the matter urgently.
The main issues confronting CFOs currently, according to Deloitte, are the current economic slowdown, a depreciating rupee and inflation.
IT sector wants STPI benefits extended for one year in this Budget.
English is no longer India's default business language, and companies ranging from Nokia to Google must reach consumers who speak 18 languages
Amazon is working on deepening its engagement with young technology companies in the country.
'The corporate tax cuts will obviously result in lower tax payments by companies,' says Central Board of Direct Taxes member Akhilesh Ranjan who retires after 37 years in government service.
Merck arm sues Sun over cancer drugSchering Corporation, part of multinational pharma company Merck & Co, and London-based Cancer Research Technology Ltd have sued Sun Pharmaceutical for allegedly infringing patent rights on the world's largest selling brain cancer drug, Temodar.
Looking beyond the lesser penalty regime, in its 10th year of existence, the CCI needs more branches, according to experts
Havmor makes 150 products from its two plants and has around 30,000 dealers
India has rejected a drug patent application of a United States multinational pharma company, paving the way for easy access to an important life-saving medication for HIV patients across the globe.
Multinational FMCG giant Reckitt Benckiser on Monday said it has agreed to fully acquire Ahmedabad -based Paras Pharmaceuticals Ltd for Rs 3,260 crore (Rs 32.60 billion).
