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Hikma Pharmaceuticals Plc. (HIK.L), a supplier of generic injectable medicines in the US, announced Monday its agreement to buy Custopharm Inc. from Water Street Healthcare Partners. The company will pay an initial cash consideration of $375 million on a debt and cash-free basis, with a further $50 million in contingent consideration payable upon the achievement of certain commercial milestones. Custopharm, […]
» Read more Goldman Sachs Group, Inc. (GS) agreed Wednesday to acquire GreenSky, Inc. (GSKY), the largest fintech platform for home improvement consumer loan originations, in an all-stock transaction valued at approximately $2.24 billion. GreenSky’s differentiated lending capabilities and market-leading merchant and consumer ecosystem will help accelerate the efforts of Goldman Sachs to create the consumer banking platform of the future. The acquisition […]
» Read more The microfinance industry’s gross loan portfolio (GLP) rose 4.2% to ₹2,37,369 crore as of June 30, 2021, compared with ₹2,27,727 crore as of June 30, 2020, according to a report by Microfinance Institutions Network (MFIN). Microfinance loan disbursals during the first quarter of the financial year 2021-22 improved significantly to ₹25,503 crore, compared with ₹6,186 crore in the corresponding quarter […]
» Read more The decision to increase the minimum support prices was taken at a meeting of the Cabinet Committee on Economic Affairs (CCEA) chaired by Prime Minister Narendra Modi The government on September 8 hiked the minimum support price for wheat by ₹40 to ₹2,015 per quintal and for mustard seed by ₹400 to ₹5,050 per quintal for the current crop year […]
» Read more French drug major Sanofi (SNYNF,SNY) Wednesday said it has entered into a definitive merger agreement to buy Kadmon Holdings, Inc. (KDMN), the developer of Rezurock, a recently FDA-approved treatment for chronic graft-versus-host disease. In the deal, Kadmon shareholders will receive $9.50 per share in cash, which represents a total equity value of approximately $1.9 billion. The offer price represents a […]
» Read more The Industrial and warehousing sector captured the second highest inflows with a share of 27% India witnessed $2.4 billion inflows into built realty assets in H1 2021, a 52% increase over the same period last year, said investment management firm Colliers. During H1 2021, China garnered the highest inflows in the Asia Pacific region, followed by Japan and Australia, as […]
» Read more The country had imported 12.51 MT of coal in the corresponding month a year ago, according to (revised) data compiled by mjunction services. India’s coal import rose 50% to 18.77 million tonnes (MT) in June this year, when compared to the shipments arrived in the same month of 2020. The country had imported 12.51 MT of coal in the corresponding […]
» Read more Pending dues to farmers a thorny political issue in several States Sugar mills have surpassed their 60 lakh metric tonne export target this year, making it easier for them to pay cane farmers and reducing arrears for this year to less than ₹9,000 crore, according to government data. Pending dues to cane farmers are a thorny political issue in several […]
» Read more Domestic steel giant Tata Steel is interested in acquiring state-owned Rashtriya Ispat Nigam Limited (RINL), the company’s Chief Executive Officer (CEO) and Managing Director T.V. Narendran said. RINL, under the Ministry of Steel, owns and operates a 7.3 million tonnes plant in Visakhapatnam, Andhra Pradesh. It holds the distinction of being India’s first shore-based integrated steel plant. The Cabinet Committee […]
» Read more Markets regulator SEBI has reduced the minimum lock-in period for promoters’ investment post an initial public offering (IPO) to 18 months from three years, under certain conditions. The move comes at a time when many companies are looking to list on the stock exchanges. In addition, the Securities and Exchange Board of India (SEBI) has streamlined the disclosure requirements of […]
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