Why Japan is betting big on Indian pharma cos

One reason Japan is betting highly on Indian pharma is that these companies have strong cash flows, low leverage and high debt capacity for medium to large sized acquisitions, report Sohini Das &......

No law broken in funding cluster bomb maker: SBI

SBI said it provided credit to Orbital ATK Inc as part of a syndicated deal with other banks. IMAGE: Banks, pension funds and insurance companies, had invested over $28 billion in seven......

SBI in 'Hall of Shame' of banks funding cluster bomb makers

The maximum number of banks are from the US (74), followed by China (29) and South Korea (26). State-run banking behemoth SBI has been named in a 'Hall of Shame' list of 158 banking and financial......

Nissan to acquire 34% stake in Mitsubishi for over $2 billion

Japanese auto major Nissan Motor Co on Thursday announced plans to acquire 34 per cent stake in beleaguered compatriot Mitsubishi Motors Corporation for 237 billion yen (over $2 billion). Nissan......