Brussels, Belgium headquartered WABCO Holdings Inc., announced its first major deal with Mumbai-based Tata Motors for power steering systems following its September 2017 acquisition of Hanover, Pennsylvania-based R.H. Sheppard, a supplier of steering technologies for commercial vehicles. With this deal, WABCO has engaged Tata Motors to meet their demand for...
India's Cipla to Acquire Avenue Therapeutics of New York
Mumbai-based drug company Cipla said that its U.S. subsidiary InvaGen Pharmaceuticals Inc formalized a two-stage agreement to acquire specialty pharmaceutical company Avenue Therapeutics Inc for $215 million. New York-based Avenue is focused on the development and commercialization of intravenous (IV) Tramadol. The transaction will be subject to Avenue stockholders’ and...
Amazon to Buy Stake in India's Future Retail
Amazon will acquire a 9.5 percent stake in Mumbai-based Future Retail that has more than 1,000 stores across India. The deal is estimated at $450 million. While India allows 51 percent overseas investment in multi-brand retail, a foreign portfolio investor can acquire less than 10 percent as a single firm...
India's Ipca Labs Acquires Majority Stake in Bayshore Pharmaceuticals, U.S.
Ipca Pharmaceuticals Inc., USA, the wholly owned subsidiary of Mumbai-based pharmaceutical company Ipca Laboratories acquired an 80 percent stake in New Jersey-based Bayshore Pharmaceuticals LLC for $10 million. The acquisition will enable the parent company to commercialize its registered generics drug products in the U.S. market. For the financial year...
ALR Technology to Introduce its Diabetes Management System in India
Richmond VA-based medical device company ALR Technologies (ALRT) will collaborate with Mumbai, India-based Aspire Cerebro, a healthcare communication company, to market ALRT’s comprehensive diabetes management systems to India's estimated 100 million diabetes patients. Aspire Cerebro Advertising Limited, with offices in Calgary, Canada, will work with its counterpart in India to...
Reliance's JioGigaFiber May Upend Broadband Market in India
India ranked 134th in the global ranking for fixed broadband, and poor fixed line infrastructure has been a key reason for this low ranking. Out of the 450 million broadband subscribers, only 18 million are fixed line broadband users. The five leading wired broadband service providers are: BSNL (9 million)...