‘Can dilute 10-15% more in Adani Green’

Talking to 2 investors, says group chairman; renewable arm wins $6 bn order for 8 GW solar capacity After French energy major Total SA, more foreign investors have shown interest in partnering Adani group in its renewable energy business, its chairman Gautam Adani said on Tuesday. In April, Total invested about ₹3,707 crore for 50% partnership with Adani Green Energy […]

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Infosys in pact with Celonis to transform ERP modernization, business process optimisation

Together, Infosys and Celonis will enable enterprise customers meet their digital needs by scaling up the adoption of SAP S/4HANA and SaaS platforms. Infosys, the global leader in next-generation digital services and consulting, has announced its global partnership with Celonis, a market leader in AI-enhanced process mining and process excellence software, to transform ERP modernisation and business process optimisation. The […]

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Clever Leaves Seeks To List On Nasdaq Through Merger With SAMA

Multinational cannabis company Clever Leaves International Inc. intends to list on Nasdaq through a merger with Schultze Special Purpose Acquisition Corp. (SAMA, SAMAW, and SAMAU). Schultze Special Purpose Acquisition or SAMA and Clever Leaves said they have signed a letter of intent or LOI to enter into a business combination, with the combined company to become a publicly-traded company on […]

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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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