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Sun Pharma to acquire Canada's Aquinox Pharmaceuticals

Sun Pharma to acquire Canada's Aquinox Pharmaceuticals

29-07-2020  comments

Mumbai (IANS) Sun Pharmaceutical Industries on Wednesday said that a wholly-owned subsidiary of Taro Pharmaceutical Industries Ltd will acquire Aquinox Pharmaceuticals (Canada) Inc for $8.2 million.

Taro Pharmaceutical is a US-based subsidiary…

Most Indians aim to somehow retain jobs to remain confident: LinkedIn

Most Indians aim to somehow retain jobs to remain confident: LinkedIn

28-07-2020  comments

New Delhi (IANS) There has been a modest rise in the overall confidence among professionals in India as retaining a job has itself become a strong booster for many in these tough times, LinkedIn said on Tuesday.

Based on the survey responses…

IDBI Bank's Q1FY21 net profit at Rs 144 cr

IDBI Bank's Q1FY21 net profit at Rs 144 cr

28-07-2020  comments

New Delhi (IANS) Lender IDBI Bank on Tuesday reported its standalone net profit for the first quarter of 2020-21 at Rs 144 crore.

The bank has reported a net loss of Rs 3,801 crore for Q1 2019-20.

"Net Profit for Q1-2021 has improved…

Sensex falls below 38,000; banking, finance stocks plunge

Sensex falls below 38,000; banking, finance stocks plunge

27-07-2020  comments

Mumbai (IANS) The key Indian equity indices traded on a negative noted on Monday morning, weighed down by heavy selling in banking and finance stocks.

The BSE Sensex fell below the psychological 38,000-mark.

At 10.32 am, it was trading…

SpiceJet to operate first long-haul flight to Amsterdam on Aug 1

SpiceJet to operate first long-haul flight to Amsterdam on Aug 1

27-07-2020  comments

New Delhi (IANS) Airline major SpiceJet will operate its first long -haul flight to Amsterdam.

The airline will operate the non-stop flight from India to Amsterdam from August 1. Just last week, the airline major was allowed to operate flights…

Huawei's 5G equipment pose no security risk: LG Uplus

Huawei's 5G equipment pose no security risk: LG Uplus

26-07-2020  comments

Seoul (IANS) Faced with mounting pressure to replace Huawei 5G equipment, South Korean telecom giant LG Uplus has stressed the Chinese firm's telecom equipment does not pose any security risks.

Earlier this week, Robert Strayer, the US…

Aditya Puri sells most of his stake in HDFC Bank for Rs 843 cr

Aditya Puri sells most of his stake in HDFC Bank for Rs 843 cr

26-07-2020  comments

Mumbai (IANS) The MD of HDFC Bank, Aditya Puri has sold over 74.2 lakh shares, 95 per cent of his stake in the bank for around Rs 842.87 crore during the week gone by.

Prior to the transaction, Puri held 0.14 per cent stake -- 77.96 lakh shares…

IndusInd Bank to mull raising funds via equities on July 28

IndusInd Bank to mull raising funds via equities on July 28

26-07-2020  comments

Mumbai (IANS) The Board of IndusInd Bank will on Tuesday, July 28, consider raising funds through equity shares on a preferential basis.

In a regulatory filing on Saturday, the bank said that if required the board would also consider convening…

I-T dept responsive to the needs of taxpayers during pandemic : Sitharaman

I-T dept responsive to the needs of taxpayers during pandemic : Sitharaman

25-07-2020  comments

New Delhi (IANS) Finance Minister Nirmala Sitharaman has reserved words of praise for the Income Tax department, complementing officers for being responsive to the needs of the taxpayers during the pandemic times by relaxing various compliance requirements…

Sun Pharma's US arm Taro resolves anti-trust cases

Sun Pharma's US arm Taro resolves anti-trust cases

24-07-2020  comments

New Delhi (IANS) Sun Pharmaceutical Industries on Friday said that its subsidiary Taro Pharmaceutical USA resolved all cases involving the company in connection with the multi-year investigations by the Department of Justice, Antitrust Division and…

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