Glenmark Pharmaceuticals has executed business purchase agreement for transfer of the company’s API business to its wholly owned subsidiary — Glenmark Life Sciences on October 9, 2018. The transaction is expected to be completed in the next 2-3 months. Glenmark Pharmaceuticals is a global pharmaceutical company. The company is engaged in the development of new … Read more
Tech Mahindra is expecting 30-40% growth in its cyber security business, at least for the next three years. The company recently signed partnership pact with security arm of Israel government-run Israel Aerospace Industries (IAI) to provide and develop a technical security solution for utility firms and critical infrastructure. Tech Mahindra is a leading provider of … Read more
Jammu & Kashmir Bank’s overall business (Gross Advances + Deposits) as on September 30, 2018 has crossed a benchmark of Rs 1,50,000 crore including Rs 1,00,000 crore in the state of Jammu and Kashmir. The Jammu & Kashmir Bank is engaged in the banking business. The company offers a range of products and services, such … Read more
GMR Infrastructure (GIL) has received the consent award from the arbitral tribunal based on the settlement agreement signed by it with private equity investor’s namely SBI Macquarie, Standard Chartered Private Equity, JM Financial Old Lane and others (Investors), which had invested an amount of Rs 14.78 billion in the form of Compulsorily Convertible Preference Shares … Read more
Titan Company’s Jewellery business has done well in the second quarter of the current fiscal (Q2 FY19) and witnessed gains in market share. Exciting new collection launches and extended diamond studded activation have resulted in good growth for Q2 FY19 and it is in-line with internal expectations. The company launched the Gulnaz collection in July … Read more
Favorable demographics conditions will help the company to ensure reasonable volume growth in India Sun Pharmaceutical Industries is excepting its India business to stabilise in the current fiscal leading to reasonable volume growth since company has witnessing disruptions in 2017-18 due to Goods and Services Tax (GST) implementation. However, favorable demographics conditions will help the … Read more
Women CEOs in America are paid less, have shorter tenures and their companies are punished in the stock market, even when their firms are just as profitable as those run by men, according to new research from Florida State University. In addition, women CEOs are less likely to serve as board chair of their companies, … Read more