Nazara Technologies Limited, global interactive gaming and sports media company headquartered in Mumbai, acquired kids’ interactive entertainment firm WildWorks for $10.4 million in an all-cash deal, marking the company’s first acquisition in the U.S. A diversified gaming and sports media platform with presence in India and across global markets such...
Apple India Sales Approaches $6 Billion
Speaking at Apple’s Q2 2023 earnings call, CEO Tim Cook made reference to India 20 times reported Bloomberg News. Highlighting that India was at a tipping point, and a major focus for Apple, the chief said that the dynamism and vibrancy in the India market was just ‘unbelievable'. During the...
India’s STL Sets Up South Carolina optical fiber factory
Last year, Mumbai-headquartered Sterlite Technologies Limited, set up its own manufacturing facility in Lugoff, South Carolina, to manufacture optical cables for the global market. The plant in the U.S.: is strategically located closer to the customers in the region for speedier delivery, increases manufacturing capacity to meet the growing demand...
India’s Sun Pharma Buys Concert Pharmaceuticals
Mumbai headquartered Sun Pharmaceutical Industries Limited, India's largest drugmaker, acquired Lexington, MA-based Concert Pharmaceuticals Inc., for $576 million in cash. Sun Pharma offered Concert $8 per share, representing a premium of 16% to the stock's last close. Concert's lead candidate, deuruxolitinib, is currently being evaluated in a late-stage study as...
Apple Launches Store in Mumbai
Apple’s much-awaited own branded retail store in India, will open to the public in April at the Jio World Drive Mall in Mumbai's upmarket Bandra Kurla Complex area. After this launch, Apple plans to open another retail store in Delhi-NCR some time between April and June. The designs on the...
Hindustan Unilever’s Market Cap Reaches 67% of Parent
In the first week of October 2022, the Market Capitalization of Mumbai- headquartered Hindustan Unilever (HUL) reached 67% of its parent company Unilever based in London, UK. HUL’s m-cap touched $77 billion as compared to Unilever’s $115 billion, a report in Economic Times said. Unilever’s market capitalization has deteriorated in...