BENGALURU (Reuters) -Biopharmaceutical company Biocon’s unit Biocon Biologics will sell its Indian branded formulations businesses to Eris Lifesciences in a deal worth 12.42 billion rupees ($150 million), the companies said in separate exchange filings on Thursday. The deal, which is expected to close by April 15, 2024, includes the acquisition of insulin brands Basalog and …
By Kanishka Singh WASHINGTON (Reuters) -The U.S. government and the United Nations on Tuesday expressed concerns about a contentious religion-based citizenship law in India, with the UN calling the legislation “fundamentally discriminatory in nature.” Rights advocates have criticized the 2019 Citizenship Amendment Act, which the Indian government moved to implement on Monday. Human Rights Watch …
US, UN express concern about India’s religion-based citizenship law Read More »
NEW DELHI (Reuters) – India’s defence ministry on Wednesday signed contracts worth 80.73 billion rupees ($975.06 million) with state-run Hindustan Aeronautics to buy 34 indigenous advanced light helicopters for its army and coast guard, the government said. ($1 = 82.7953 Indian rupees) (Reporting by Tanvi Mehta, Editing by William Maclean)
BENGALURU (Reuters) -India’s Tata Motors has signed a deal to build a 90 billion rupee ($1.09 billion) manufacturing plant in Tamil Nadu, the southern state’s industries minister said on Wednesday on social media platform X. The investment would be spread over five years and could create up to 5,000 jobs, Tata Motors said in an …
India’s Tata Motors to build $1.1 billion plant in Tamil Nadu Read More »
BENGALURU (Reuters) -IIFL Finance said on Wednesday it would raise funds of up to 20 billion rupees ($241.5 million) as the non-bank lender looks to shore up capital after India’s central bank barred it from offering gold loans. The company will raise 15 billion rupees through the issue of shares on a rights basis and …
India’s IIFL Finance to raise up to $242 million via share, debenture issues Read More »
NEW DELHI (Reuters) – India’s Ravichandran Ashwin reclaimed the top spot in the test bowler’s rankings on Wednesday following his nine-wicket haul in the fifth and final test against England last week. It was a memorable 100th test match in Dharamsala for India’s spin spearhead, who finished as the leading wicket-taker of the series with …
Cricket-India’s Ashwin reclaims top bowler’s spot after emotional series Read More »
NEW DELHI (Reuters) – India this week implemented the contentious 2019 Citizenship Amendment Act (CAA), sparking sporadic protests and a war of words between Prime Minister Narendra Modi’s government and opposition groups weeks before national elections are held. Here is a look at the law, its implications and the concerns surrounding it. WHAT IS THE …
Explainer-CAA: Why is India’s citizenship law contentious? Read More »
(Reuters) -Indian mining group Vedanta must pay 776 million Indian rupees ($9.4 million) to Cairn UK Holdings for a delay in paying dividends, India’s markets watchdog said on Tuesday. The order on the website of the Securities and Exchange Board of India (SEBI) said Vedanta must make the payment within 45 days or face further …
India’s Vedanta ordered to pay Cairn UK $9.4 million for delayed dividends Read More »
GUWAHATI, India (Reuters) – Sporadic protests have erupted in India against a citizenship law that has been criticised for discriminating against Muslims, after Prime Minister Narendra Modi’s government implemented the legislation just days before a general election is announced. Protests broke out in the eastern state of Assam and the southern state of Tamil Nadu …
Sporadic protests in India over contentious citizenship law Read More »
(Refiles to remove garble from paragraph 8) By Aftab Ahmed NEW DELHI (Reuters) -India’s annual retail inflation in February rose at a faster than expected pace due to elevated food prices, government data showed on Tuesday. Annual retail inflation eased slightly to 5.09% in February from 5.10% in January, but was higher than 5.02% forecast …
India’s February retail inflation rises at faster than expected pace Read More »
