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Business News and Finance News Headlines on Economy, Industry

Fortis Healthcare drops plan to sell stake in RHT Health Trust, RHTTM

Admiral Quixote's Roundtable - Sat, 06/15/2019 - 14:00
Since the process to explore the potential transaction was inconclusive, it was decided to close the bidding and search process

BharatBenz plans to strengthen its aftermarket service support

Admiral Quixote's Roundtable - Sat, 06/15/2019 - 12:55
The company on Saturday inaugurated the first BharatBenz parts outlet in Coimbatore under this initiative

Novartis India appoints Sanjay Murdeshwar as MD and vice chairman

Admiral Quixote's Roundtable - Sat, 06/15/2019 - 11:35
Pharma firm Novartis India Saturday announced the appointment of Sanjay Murdeshwar as vice chairman and managing director of the company. "..based on recommendation of the Nomination and Remuneration Committee of the Board, the Board of Directors of Novartis lndia Ltd at their meeting held today, have approved the appointment of Sanjay Murdeshwar as Vice Chairman & Managing Director of the Company effective June 15, 2019, subject to the approval of Shareholders and Central Government," a company statement said. Murdeshwar is Country President, Novartis in India and responsible for the company's pharmaceuticals business in the country. He is also managing director of Novartis Healthcare Private Ltd. Murdeshwar comes with more than 20 years of experience in the healthcare industry which includes varied roles in the pharmaceuticals and consumer health businesses, it added.

Air India spreads its wings, plans flights for Bali, Nairobi and Toronto

Admiral Quixote's Roundtable - Sat, 06/15/2019 - 11:21
Currently, there is no non-stop service from Delhi to Nairobi and Bali while Air Canada flies daily to Toronto

Soaring second home ownership hitting young people

BBC News - Business - Sat, 06/15/2019 - 01:05
More than one-in-10 people in the UK now own second homes, buy-to-let and overseas properties.

Hexaware buys Mobiquity for $182 million, to absorb all employees

Admiral Quixote's Roundtable - Fri, 06/14/2019 - 23:15
he acquisition will be funded through a mix of internal accruals and external borrowings, the firm said

USFDA move not to hurt growth, new product nods to be delayed: Aurobindo

Admiral Quixote's Roundtable - Fri, 06/14/2019 - 23:09
The company's stock took a beating after the USFDA pointed out data integrity lapses at the firm's formulations facility in Telangana's Bachupally

Pharma sales growth hit 19-month low in May as product launches slowed down

Admiral Quixote's Roundtable - Fri, 06/14/2019 - 23:05
For the first time, all chronic therapy drugs grew only in single digits during May

Automobile sales drop 7.5% YoY in May 2019, two-wheeler worst hit: FADA

Admiral Quixote's Roundtable - Fri, 06/14/2019 - 22:08
Dealers expect the near term outlook for the next 4-6 weeks to be gloomy

Hong Kong extradition row: Will it damage its star status?

BBC News - Business - Fri, 06/14/2019 - 22:01
Hong Kong is one of the world's top financial hubs, but is this status now at risk?

TMFL to raise Rs 1,000 cr in debt capital to enhance capital adequacy

Admiral Quixote's Roundtable - Fri, 06/14/2019 - 21:53
It reported capital adequacy ratio of 15.25 per cent (with tier-I of 10.93 per cent) as on March 31

Why Zomato is a company with a difference

rediff Business - Fri, 06/14/2019 - 20:44
From 26 weeks of paid paternity leave to no probation period, Zomato maybe one of the best places to work in India.

This man's mission is a university

rediff Business - Fri, 06/14/2019 - 20:44
India needs a 1,000 more Ashoka universities, Naukri.com Founder Sanjeev Bikhchandani tells Anjuli Bhargava.

Sensex slumps 289 points; bank stocks drag

rediff Business - Fri, 06/14/2019 - 20:44
Top losers in the Sensex pack included IndusInd Bank, Bharti Airtel, Tata Motors, Axis Bank, Kotak Bank, Bajaj Auto, Yes Bank, HCL Tech, HUL and Hero MotoCorp, falling up to 4.36 per cent.

Ola may put overseas expansion plans in neutral gear

rediff Business - Fri, 06/14/2019 - 20:44
Ola was supposed to expand to the Netherlands, Kenya, Dubai, Israel, and Brazil.

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