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Wednesday, August 30, 2017

Aug 30, 2017 - Aurobindo Pharma in talks to buy Shreya Life Sciences's Russia business

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Sree Vijaykumar
Sree Vijaykumar
From the Editor's Desk
As the founder of early internet streaming radio company, TV channel HDNet, and now a Shark Tank investor and owner of the Dallas Mavericks, Mark Cuban has hired hundreds of employees over the last two decades. And he says there's one skill he values more than anything else: Stress reduction. "The people that tend to work for me for a long time, not only are smart, not only are driven, not only are learners, but they understand that the greatest value you can offer a boss is to reduce their stress." More here.

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Aurobindo Pharma in talks to buy Shreya Life Sciences’s Russia business

The acquisition deal between Aurobindo Pharma and Shreya Life Sciences for the latter’s Russia business is potentially valued at $80 milllion to $100 million

Advt: Lending solutions for all your long-term business needs

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Advt: Work for the best employer - Yourself
Advantages - Best B2B audience in India, no hard-selling or up-front costs involved, access to our content repository and air-tight agreements with instant gratification.

HDFC Ergo-HDFC GI merger could face a few questions in post-GAAR era

There is no doubt the deal is value positive for existing shareholders

Old individual insolvency norms still valid

These old Acts will, however, be repealed once the new individual insolvency regulations are finalised and notified under the overarching IBC 2016, an official source told FE.

Consolidation of PSU banks remains a work-in-progress

Govt's reluctance or inability to throw capital forever without banks showing any improvement in their finances probably may be the key reason for the latest drive.

NSDC may lose power to implement skills schemes

The skills ministry will instead give National Skill Development Corporation (NSDC) powers to identify organizations willing to invest in skilling people

RBI cracks whip on 50 more defaulters having Rs 2 lakh crore outstanding

​​The new list is said to include cos like Videocon, Uttam Galva, Essar Projects and Ruchi Soya, all of which have debt that was classified as non-performing as of June.

No proposal to re-introduce 1000 rupee notes, says Finance Ministry

No proposal to re-introduce 1,000 rupee notes, says Finance Ministry - Recently RBI introduced 200 rupee note.

Consolidation to hit hiring in public sector banks

A dozen banks put fresh recruitments on hold

DIPP seeks views on new industrial policy; floats paper

To focus on promoting manufacturing with the use of smart technology

Indian Oil to invest Rs1.8 trillion to expand refineries, new businesses

Indian Oil will spend Rs1.8 trillion over the next 5-7 years to expand refining capacity and build its new businesses, says chairman Sanjiv Singh

Sebi bans Orion Capital, Orion Broking from markets for 10 years

The nature of investor complaints received against both the firms are predominantly on non-settlement of the funds and securities and balances due to their clients.

Is 100% FDI a much needed boost for 'Startup India'?

The panel led by DIPP secretary Ramesh Abhishek will decide on requests by foreign single-brand retail stores for waiver of the 30% local sourcing norm

This $5 billion tax bill could cost India a spot in World Bank's ease-of-doing business list

The more India engages in such antics, the greater the risk to its hope of climbing 40 places in the World Bank's ease-of-doing business survey this year.

What the sand mining ban means for cement companies

Lower availability of sand would halt or slow construction activities, having a cascading impact on cement demand

Large Indian conglomerates invest only in a handful of states

The advent of GST may accentuate the regional skew in investments

IKEA to commission first Indian store in 2018

Swedish home furnishing major scouts for more land

Baba Ramdev's Patanjali to launch bottled water called 'Divya Jal' this Diwali

Patanjali Ayurved is preparing to launch Divya Jal packaged drinking water—sourced from the foothills of the Himalayas—across north India

Coca-Cola's CEO James Quincey to visit India this week

Quincey will review the firm's operations under the new management as it seeks to transform itself

Chicken and veg offerings to replace IKEA's trademark beef and pork meatballs in India

IKEA is preparing to open its first store in Hyderabad next spring with a shopping area spread over 400,000 sq ft. The facility will house the largest restaurant for IKEA anywhere

McDonald's gives licensee board meet a miss

CPRL, an equal joint venture between McDonald's India and entrepreneur Bakshi, has four board members -- two foreign directors from McDonald's, along with Bakshi and his wife.

Post-Maggi Crisis: How Nestle India is stepping up its game

Nestle India, popularly known for its winning brand Maggi noodles, has been upping its game since its major lapse in 2015.

Watch Jaago Re's powerful film on India's lack of a sporting culture

The film follows the day-to-day life of a student through a montage of shots and captures the immense pressure and stress they undergo to perform well..

Bisleri invests Rs.60 lakh in local language labels; "Consumer in villages should not be cheated" says marketing head

Bisleri's marketing director, Anjana Ghosh, tells us the effort is a move to tide over problems like counterfeit products and language barriers in the heartlands.

Patanjali in Court: What The Petition Against Land Allotment to Ramdev in UP Says

The petitioner has alleged that the proposed project would involve felling of nearly 6,000 trees which would result in huge damage to the environment.

Centre asks states to ensure onion prices are stable

As per all India average retail price, the prices have increased from Rs 15 per kg to Rs 28.94 per kg, says the Food ministry.

How Ram Rahim's ayurveda brand 'MSG' once rivaled Ramdev's Patanjali

The 'godman' who has been convicted of rape recently, has an FMCG ayurveda brand boasting of 151 products.

Paytm Mall launches India's largest mall in an app

Paytm Mall, owned by Paytm E-commerce Pvt Ltd has launched India’s largest online mall ahead of this year’s festive season. The company has refreshed its new app featuring 1,000 brand stores and 1

Paytm launches payments bank on iOS app

Paytm Payments Bank was launched in May with a branch in Noida, and the company had said it will expand to 31 branches and 3,000 customer service poin..

Amazon eyes Grofers pie for $100 million to spoil Alibaba-BigBasket party

Amazon's investment in Gurgaon-based Grofers of around $100 milion could be a well planned strategy by the company to stay ahead of Flipkart. Read to know more.

DIPP clarifies 25% restriction on sales by e-commerce players

The DIPP in a tweet stated that restriction of 25 per cent on sales of one vendor through a marketplace are to be computed on financial year basis.

Amazon taken to High Court for alleged non-payment of rental dues

Global E-services has filed a suit to recover outstanding amount after Amazon vacated a warehouse premise in Mumbai without paying its dues.

The billion-dollar babies! The funding scenario of Paytm & Flipkart

Xiaomi secured a $1 billion loan recently. It's not the only company to have grabbed eyeballs by bagging over a billion dollars this year

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