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Somerset bets on CDMO firm in fifth deal from second fund

Healthcare

20 April, 2023

Somerset bets on CDMO firm in fifth deal from second fund

Somerset Indus Capital Partners, a healthcare-focused private equity firm, has closed its fifth investment from its second fund with a ......

Advent-backed packaging firm Manjushree Technopack to acquire Hitesh Plastics

Manufacturing

27 July, 2022

Advent-backed packaging firm Manjushree Technopack to acquire Hitesh Plastics

Plastics packaging player Manjushree Technopack Limited (MTL), backed by US private equity firm Advent International, has agreed to acquire 100% ......

GSK to move malaria vaccine production to India's Bharat Biotech

Healthcare

27 January, 2021

GSK to move malaria vaccine production to India's Bharat Biotech

Britain's GSK will shift production of the world's first effective malaria vaccine to Indian COVID-19 vaccine developer Bharat Biotech, as ......

Sensex, Nifty plunge amid more signs of economic damage

Markets

18 May, 2020

Sensex, Nifty plunge amid more signs of economic damage

Indian shares plunged on Monday as signs of damage to the economy from the novel coronavirus outbreak continued to mount, ......

Nifty, Sensex slip as virus cases spiral; consumer stocks drag

Markets

07 May, 2020

Nifty, Sensex slip as virus cases spiral; consumer stocks drag

Indian shares fell on Thursday led by consumer stocks, as coronavirus cases in the country continued to spike steadily despite ......

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Company watch: Can new plant help pharma firm Corona exit profitability doldrums?

Healthcare

19 December, 2019

Company watch: Can new plant help pharma firm Corona exit profitability doldrums?

Pharma firm Corona Remedies Pvt. Ltd, with a diversified product portfolio, has been posting healthy growth in net sales for ......

Nestlé, Unilever eye GSK's consumer nutrition biz; Ebix may list Indian biz

General

19 November, 2018

Nestlé, Unilever eye GSK's consumer nutrition biz; Ebix may list Indian biz

Multinational companies Nestlé and Unilever are in advanced negotiations to acquire GlaxoSmithKline’s (GSK’s) consumer nutrition business in India, The Economic ......

GSK Pharma's $1B open offer starts on Tuesday

Healthcare

18 February, 2014

GSK Pharma's $1B open offer starts on Tuesday

UK-based GlaxoSmithKline Plc’s (GSK) open offer to raise its holding in its Indian arm GlaxoSmithKline Pharmaceuticals Ltd from 50.7 per ......

GSK says stockists, retailers have resumed purchasing its products

Healthcare

13 December, 2013

GSK says stockists, retailers have resumed purchasing its products

Drug maker GlaxoSmithKline Pharmaceuticals Ltd said stockists and retailers have resumed purchasing its products across the country from the last ......