Reuters India Business

(Reuters) -India’s Sun Pharmaceutical Industries said on Monday it will acquire Checkpoint Therapeutics, a U.S.-based immunotherapy and targeted oncology company, for $355 million. The deal is in line with Sun Pharma’s active push in recent years to expand its oncology and immunotherapy portfolio through several acquisitions and collaborations. Last year, it signed a licensing agreement …

India’s Sun Pharma to acquire Checkpoint Therapeutics for $355 million Read More »

By Anmol Choubey (Reuters) – Gold prices eased on Friday but were poised for a weekly gain due to safe-haven inflows and a U.S. jobs report revealing lower-than-expected job growth in February, suggesting that the Federal Reserve is on track to cut interest rates this year. Spot gold fell 0.1% to $2,906.04 an ounce as …

Gold heads for weekly gain on safe-haven demand, slow US job growth Read More »

(Reuters) – India’s Tata Power Renewable Energy Ltd (TPREL) said on Friday it is exploring setting up 7 gigawatts (GW) of green energy projects in the southern state of Andhra Pradesh at an investment of 490 billion Indian rupees ($5.63 billion). CONTEXT TPREL, a unit of Tata Power, is looking into clean energy projects including …

India’s Tata Power unit exploring $5.6 billion clean energy investment in Andhra state Read More »

(Reuters) -Nestle India said on Friday it received a warning from the country’s markets regulator for a breach of insider trading regulations “by a designated person of the company”. The Indian arm of Swiss food giant Nestle said its compliance officer received an administrative warning letter from the Securities and Exchange Board of India (SEBI) …

India’s market regulator warns Nestle over breach of insider trading regulations Read More »

By Shivangi Acharya and Manoj Kumar NEW DELHI (Reuters) -India needs to buy more defence products and lower its tariffs on U.S. products for the two countries to be able to sign a “grand” bilateral deal, U.S. Commerce Secretary Howard Lutnick told India Today television on Friday. India’s import tariffs, among the highest in the …

US pushes India to lower tariffs, buy more defence products for fair new deal Read More »

By Vivek Kumar M and Bharath Rajeswaran (Reuters) -India’s benchmark index Nifty 50 logged its best week in three months, led by heavyweight Reliance Industries and metal stocks, as losses in the past three weeks triggered bargain buying. On the day, the Nifty 50 rose 0.03% to 22,622.5, while the BSE Sensex ended 0.01% lower …

Reliance, metal stocks power India’s Nifty 50 to its best week in three months Read More »

(Reuters) -Indian private lender IndusInd Bank said on Friday it had received approval from the country’s central bank to reappoint Sumant Kathpalia as its chief executive officer and managing director for a period of one year. The Reserve Bank of India (RBI) approved Kathpalia’s term to be extended from March 24 this year to March …

India’s IndusInd Bank CEO gets one-year extension, short of board’s recommendation Read More »