Corporate news, Latest Indian corporate industry news and world corporate industry news
Corporate
Citing 'genuine concerns' Modi govt stops $1.3bn Chinese firm Fosun's bid for Gland Pharma: reportCiting 'genuine concerns' Modi govt stops $1.3bn Chinese firm Fosun's bid for Gland Pharma: report

The Narendra Modi government has reportedly stalled a $1.3-billion bid by Shanghai Fosun Pharmaceutical Group (SFP) to acquire Gland Pharma.

 
 
Reliance Industries Chairman Mukesh Ambani has overtaken Hong Kong business magnate Li Ka-shing to become Asia's second-richest man.
Idea Cellular is taking Reliance Jio head on with plans to launch a low-price smartphone to compete with the Mukesh Ambani-led company's cheap 4G feature phones.
Snapdeal is likely to send Flipkart's USD 900-950 million buyout proposal to its shareholders this week to seek their views on the plan, according to sources.
The company's market share in commercial vehicles (CV) segment has fallen to 44.4 per cent from a high of 59.4 per cent in FY2011-12.
Advertisement