India
Carlyle to Buy 25% of Bharti Airtel’s Data Center ...
Carlyle will buy a 25% stake in Indian telecom firm Bharti Airtel Ltd’s data center arm for $235 million, the U.S. private equity group said on Wednesday, as it taps into the rapid growth of digital services...
July 1, 2020
12:15 pm By Neha Mule
India’s Chinese App Ban Seen Jolting $1 Billion Ex...
An Indian ban on dozens of Chinese apps following a border clash between the two nations has possibly derailed a $1 billion India expansion plan of China’s ByteDance, while also sparking an uproar from users...
June 30, 2020
11:24 am By Neha Mule
Carlyle Buys 20% Stake in Piramal Pharma Businesses
U.S.-based Carlyle Group Inc has agreed to buy a 20% stake in the pharmaceutical unit of Indian conglomerate Piramal Enterprises Ltd for about $490 million, the companies said in a statement on Saturday.
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June 27, 2020
10:31 am By Neha Mule
Cipla to Price Remdesivir Version for COVID-19 Under...
Indian drugmaker Cipla Ltd will price its generic version of Gilead Sciences Inc’s antiviral drug remdesivir for use in COVID-19 patients at less than 5,000 rupees ($66), the company said.
Cipla and p...
June 23, 2020
2:14 pm By Neha Mule
Amazon Gets Clearance to Deliver Alcohol in India- D...
Amazon.com Inc has secured clearance to deliver alcohol in India’s eastern state of West Bengal, according to a document seen by Reuters, signalling the U.S. e-commerce giant’s first foray into the count...
June 20, 2020
11:15 am By Neha Mule
Oppo Cancels Livestream Launch of New 5G Phone in In...
Chinese smartphone brand Oppo cancelled the livestream launch of its flagship 5G smartphone in India on Wednesday, amid calls in the country for a boycott of Chinese products after a violent clash between Indi...
June 18, 2020
10:33 am By Neha Mule
Indian Military Stores Orders for Pernod, Diageo Dry...
Pernod Ricard and Diageo, two of the biggest spirit makers, have stopped receiving orders for their imported brands from India’s defence canteen stores where they were sold at concessional prices, industry s...
June 17, 2020
8:06 am By Neha Mule