Source:Economic Times - French oil services group Technip has agreed to divest 51% stake in its Indian arm and multi-vessel supplier Seamec to HAL Offshore for Rs 167 crore as it seeks to focus on its core businesses such as deepest subsea complex and deepwater oil, said two people with direct
12.41 PM Apr 23rd
GlaxoSmithKline Pharmaceuticals Ltd (GSK Pharma), the local unit of GlaxoSmithKline, will lose its newly added oncology portfolio in the Indian market once the global cancer business is divested to Novartis. The oncology portfolio in India currently has three products and the two large brands
6.46 PM Apr 22nd
Divesting 30% stakes in its core business of oil and gas of business but entering huge loss making tele shows that MBA has lost all sense of business.Even today in newspaper reported that analysts r agfast to look at 33000 crs spending in tele when all other tele cos struggling and RIL wl hv
3.39 PM Apr 22nd
`s current and future oncology R&D pipeline. Divestment of Vaccines to GSK Novartis has agreed to divest its Vaccines business to GSK, currently excluding its flu business, for USD 7.1 billion plus royalties. The USD 7.1 billion consists of USD 5.25 billion upfront and up to USD 1.8 billion in milestones
12.26 PM Apr 22nd
business by acquiring GSK oncology products, and would divest Vaccines (excluding flu) to them. The two companies would also create a joint venture, combining their consumer divisions to create a world-leading consumer healthcare business. Separately, the company announced a definitive agreement with Eli
12.23 PM Apr 22nd
Reliance Capital highest bidder for 24% FTIL stake in MCX: MUMBAI: Reliance Capital, part of Anil Ambani-promoted Reliance Group, is learnt to have emerged as the highest nonbinding bidder for the 24 per cent stake being divested by promoter Financial Technologies India (FTIL) in India`s largest
1.11 PM Apr 21st
Reliance Industries has divested its 30% stake in an oil and gas block in Peru to Australia`s Woodside Petroleum and Pluspetrol of Argentina to trim its overseas properties. Its current international portfolio comprises of three blocks - two in Yemen and one in Peru.
12.37 PM Apr 21st
divestment decision is politically motivated and can be seen in a favor of any prospective buyer...so election commission may not have given approval to punjab divestment authority. ..likewise for banking license initially but got approval afterwards. ..
12.35 PM Apr 21st
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