Mumbai-based Ipca Laboratories announced the acquisition of a 100 percent share capital of Pisgah Labs Inc., a North Carolina corporation, by the company's wholly owned subsidiary Ipca Pharmaceutical Inc., U.S.A., and Onyx Scientific Ltd., U.K. (Ipca Labs' wholly-owned step-down subsidiary) for $9.65 million, free of debt. Since its incorporation in...
Nielsen Renews $2.25 Billion Contract with India's TCS
Mumbai-based Tata Consultancy Services Ltd (TCS) won a $2.25 billion contract, the largest ever for an Indian information technology firm, from U.K.-based television ratings measurement company Nielsen. Under this contract, TCS is assured of $320 million in business from Nielsen every year, beginning 2017 through 2020, $186 million in annual...
India Tops Travelport Digital Traveler Rankings
Travelport , U.K.-based travel commerce platform providing distribution, and technology, for the travel industry, just conducted a global survey which highlights different digital travel habits. India tops as the most digitally-advanced traveler nation in terms of digital tools being used for travel purposes, Travelport's survey said. China stood at the second place...
India's High-Yield Bonds Fuel Overseas Investor Interest
With investor limits for India's high return sovereign debt almost used up, overseas investors are looking to buy state notes. U.K. headquartered Aberdeen Standard Investments started buying the securities about three months ago and the investment now accounts for about one-fifth of its $312 million Indian bond fund. Bloomberg Quint...
Global Chocolate Makers Ramp up Investments in India
A study by London based market research firm Mintel says that India's $1.6 billion chocolate market is growing at 12 percent annually. The market researcher also said India consumed 228,000 tons of chocolate in 2016, higher than both Australia (95,000 tons) and Indonesia (94,000 tons) put together in the same period....
Rolls-Royce Launches Convertible in India
British luxury car-maker Rolls-Royce, that has a strong presence in the Indian market for over a century, announced the launch of Dawn, a four-seat convertible. "India is one of the focus markets for Rolls-Royce globally," says Michael Schneider, regional general manager, sales, Asia Pacific. "In creating Dawn, we have accepted...