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Cipla acquires two US drug firms for $550 mn

Mumbai, Feb 18 (IANS) Drug major Cipla has acquired two US-based firms — InvaGen Pharmaceuticals and Exelan Pharmaceuticals — for $550 million, the company said in a regulatory filing here on Thursday. “The acquisition was…


Toyota to recall SUVs worldwide

(150508) — TOKYO, May 8, 2015 (Xinhua) — Japan’s auto giant Toyota’s president Akio Toyoda speaks during a press conference to announce its financial report for 2014 in the headquarters in Tokyo, Japan, May 8,…





Bharat Forge Ships First Titanium Flaptrack to Boeing

New Delhi, Feb 17 (IANS) Leading Aircraft manufacturer Boeing and Kalyani Group company Bharat Forge Limited (BFL) on Wednesday announced the first shipment of BFL-made titanium flaptrack forgings for Boeing’s Next-Generation 737 aircraft. “Shipment of…





Alibaba Takes E-Commerce into the Fields

Beijing, Feb 17 (IANS) Alibaba, China’s biggest online trader, on Wednesday reached an agreement with the top economic planner to expand e-commerce in rural areas. The National Development and Reform Commission (NDRC) will work with…









Nissan Sends JV Termination Notice to Ashok Leyland

Chennai, Feb 16 (IANS) Japanese automobile major Nissan Motor Company has sent a notice to Ashok Leyland Ltd terminating its technology development joint venture Nissan Ashok Leyland Technologies Pvt. Ltd over non-payment of royalty said a…



Mahindra to Invest Rs.8,000 Crore in Maharashtra Plants

Mumbai, Feb 15 (IANS) Automobile manufacturer Mahindra & Mahindra will make an investment of Rs.8,000 crore in its Maharashtra-based plants, the company informed the Bombay Stock Exchange (BSE) in a regulatory filing on Monday. “The…