Hyderabad, India-based Aurobindo Pharma's U.S. subsidiary Aurobindo Pharma USA Inc signed a pact to acquire an under-development product and certain related assets from Australia's Advent Pharmaceuticals Pty Ltd., for $12.5 million. The time period for completion of the deal is January 2019. Advent is a specialty pharmaceutical R&D company based in Melbourne,...
Telstra's Captive Center in India Aligns with Global Trends
Melbourne, Australia-based telecom major Telstra is setting up a captive offshore center within India's information technology consulting company, Infosys, Telstra's largest technology vendor in the country. Pareekh Jain, research vice-president (engineering services) at Massachusetts-based HfS Research says, "We cannot call this a trend yet, but we’re observing that many companies...
Amcor Acquires Packaging India Pvt. Ltd.
In order to capitalize on the growing market in India, Amcor, headquartered in Melbourne, Australia, has acquired Packaging India Private Limited a unit of Essel Propack a specialty packaging company which serves multinational and local customers and generates annual sales of approximately $40 million. The deal was closed for $26.4 million....