Coty Agrees To Sell Professional And Retail Hair Business To KKR – Quick Facts

Coty Inc. (COTY) announced Monday the signing of a definitive agreement with KKR as part of a strategic transformation that will deleverage its balance sheet, streamline its operations and strengthen its leadership team. Under the definitive agreement, Coty and KKR have entered into a strategic transaction for Coty’s Professional and Retail Hair business, including the Wella, Clairol, OPI and ghd […]

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Biocon’s partner Mylan receives favourable ruling for device in U.S.

Clears hurdle for patenting Biocon’s Insulin Glargine. Biocon Ltd. today announced that the U.S. Patent and Trademark Appeal Board (PTAB) ruled in favour of Mylan, Biocon’s partner in inter-partes review (IPR) proceedings, finding all challenged claims of Sanofi’s Lantus SoloSTAR device patents unpatentable. The PTAB found three claims of patent unpatentable, and two claims to be patentable. However, Mylan and […]

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COVID-19 expected to fuel used car sales

‘With social distancing in place, more people plan switching to private transport’ Physical distancing norms and the fear of catching COVID-19 infection in public transport is likely to give an impetus to personal mobility which was, of late, discouraged to curb pollution and save resources. This transition is expected to benefit auto companies and used car dealers, who were impacted […]

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Jushi Launches Adult-use Cannabis Sales At Illinois Dispensary

Jushi Holdings Inc., a multistate cannabis operator, said Monday it has launched adult-use marijuana sales at its dispensary in Normal, Illinois, in the Bloomington-Normal metropolitan area. The company’s Illinois dispensaries now operate under the BEYOND / HELLO brand. BEYOND / HELLO Bloomington-Normal, located at 501 West Northtown Road in Normal, Illinois, will be open from Monday through Saturday. On Monday, […]

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Coronavirus | Reliance cuts employees’ salary by 10-50%; Mukesh Ambani to forgo salary

While Mukesh Ambani would forgo his entire ₹15 crore compensation, the company’s board of directors including executive directors, executive committee members and senior leaders would forgo 30-50% of their compensation. With coronavirus (COVID-19) lockdown hitting the businesses hard, Reliance Industries has decided to cut the salary of most of its employees by 10-50% with the company’s chairman Mukesh Ambani agreeing […]

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Vodafone Places 41.7 Mln INWIT Shares At EUR 9.60 Per Share – Quick Facts

British telecom major Vodafone Group Plc (VOD.L,VOD) said Thursday that it has successfully completed the placement of 41.7 million shares of Infrastrutture Wireless Italiane S.p.A. or INWIT at a price of 9.60 euros per share. The company completed the placement through its wholly-owned subsidiary Vodafone Europe B.V. The shares are equal to about 4.3 percent of INWIT’s share capital. The […]

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Maruti not to resume production despite permission from the authorities

Earlier, the Haryana government issued a permission certificate to the company saying the “authorised strength” of the company during the lockdown period would be 4,696 persons and 50 vehicles Exactly a month after the Maruti Suzuki India Limited shut down its production and office operations across Haryana, the company’s Manesar plant was on April 22 granted the permission to resume […]

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