AmerisourceBergen To Acquire Majority Of Walgreens’ Alliance Healthcare Businesses – Quick Facts

AmerisourceBergen Corp. (ABC) and Walgreens Boots Alliance, Inc. (WBA) announced Wednesday strategic agreements under which AmerisourceBergen will acquire the majority of Walgreens’ Alliance Healthcare businesses for about $6.5 billion, comprised of $6.275 billion in cash and 2 million shares of AmerisourceBergen common stock. The cash consideration is subject to a customary working capital and net-debt adjustment. The transaction has been […]

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Honda Motorcycle and Scooter India initiates voluntary retirement scheme for permanent employees

The VRS would run from January 5 till January 23 this year and cover permanent employees barring director-level officials Two wheeler major Honda Motorcycle and Scooter India (HMSI) has initiated a voluntary retirement scheme (VRS) for permanent workers amid challenging market conditions, as per a company notice. The VRS would run from January 5 till January 23 this year and […]

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Surging stocks boost MF assets to ₹29.7 lakh cr. in Dec. quarter

SBI MF tops list, with average assets under management worth ₹4.21 lakh cr, Mutual fund asset base rose by 7.6% to ₹29.71 lakh crore in the quarter ended December, mainly on account of the rally in equity markets. The average assets under management (AAUM) of the industry, comprising 45 players, was at ₹27.6 lakh crore in July-September quarter, according to […]

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Traders’ body says Commerce Ministry has flagged violations by Amazon, Flipkart

CAIT says its complaints regarding violation of FDI policy and FEMA rules by e-commerce giants have been forwarded by DPIIT to ED, RBI. The Commerce Ministry has forwarded representations of alleged violations by Amazon and Flipkart to the Enforcement Directorate and the Reserve Bank for "necessary action", according to traders’ grouping CAIT. The Confederation of All India Traders (CAIT) had […]

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SpiceJet ties up with GMR Hyderabad Air Cargo for storage, delivery of COVID-19 vaccine

GHAC shall provide available required space on priority for SpiceJet’s vaccine shipments besides training its personnel along with the airline for specific customer requirements Low cost carrier SpiceJet on Thursdayannounced that it has signed an MoU with GMR Hyderabad Air Cargo (GHAC), a GMR group company,for providing a seamless service to all vaccine manufacturers in the region. As part of […]

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ImmunityBio, NantKwest To Merge In All-stock Transaction – Quick Facts

ImmunityBio, a privately-held immunotherapy company, and therapeutics company NantKwest, Inc. (NK) announced Monday that they have entered into an agreement to merge in a stock-for-stock transaction. The combination will create a leading immunotherapy and cell therapy company focused on oncology and infectious disease. Together, ImmunityBio and NantKwest will have a broad, clinical-stage pipeline, including 13 assets in clinical trials and […]

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Proper scaling up of electronic manufacturing can contribute $1 trillion to economy: Ravi Shankar Prasad

‘By 2025, we will manufacture 1 billion phones, 50 million TVs and 50 million hardware devices, including laptops and tablets,’ said the Communications and IT Minister Communications and IT Minister Ravi Shankar Prasad on Friday said scaling up of electronic manufacturing in the country can alone contribute $1 trillion to the economy. The government has seen interest from global majors […]

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Equinox Gold To Acquire Premier Gold Mines In Friendly Deal – Quick Facts

Canadian gold miners Equinox Gold Corp. (EQX, EQX.TO) and Premier Gold Mines Ltd. (PIRGF,PG.TO) announced Wednesday a definitive agreement, whereby Equinox Gold will acquire all of the outstanding shares of Premier. Concurrently, Premier will spin-out to its shareholders shares of a newly created US-focused gold production and development company to be called i-80 Gold Corp. Under the transaction, Premier shareholders […]

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Oil prices fall for second straight day as California tightens pandemic lockdown, COVID-19 cases grow

Fox Business Flash top headlines for December 7 Fox Business Flash top headlines are here. Check out what’s clicking on FoxBusiness.com. MELBOURNE - Oil prices fell on Tuesday, adding to losses from the previous session that came as California tightened its pandemic lockdown through Christmas and coronavirus cases continued to surge in the United States and Europe. Continue Reading Below U.S. […]

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RBI asks HDFC Bank to stop issuing new credit cards

Private sector lender HDFC Bank on Thursday said the Reserve Bank of India (RBI) has asked it temporarily stop all launches of its upcoming digital business-generating activities and sourcing of new credit card customers after outage at its data centre, which impacted operations last month. “RBI has issued an order dated December 2, 2020, to HDFC Bank Ltd with regard […]

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