Two-wheeler revival may be slow: TVS Motor CMD

‘Shift to personal mobility may help’ Two-wheeler maker TVS Motor sees a delay in the revival of the sector as buyers are likely to conserve cash in the backdrop of job losses and salary cuts, and defer purchases of non-essentials. However, the markets could offer sales opportunities following a good monsoon and a shift in consumer preference towards personal mobility, […]

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Pulling the plug on Atlantic Coast Pipeline is 'lost opportunity' for jobs: Energy secretary

US energy secretary: Duke, Dominion decision a ‘lost opportunity’ U.S. Energy Secretary Dan Brouillette says the decision to cancel the Atlantic Coast Pipeline is disappointing due to the number of jobs that it would have created. The decision by builders to cancel the construction of the Atlantic Coast Pipeline is "disappointing" but "economically rational," Energy Secretary Dan Brouillette said Monday […]

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Paytm, Vijay Shekhar Sharma to acquire Raheja QBE General Insurance

Raheja QBE which started operations in 2009, is a joint venture between Prism Johnson Ltd. and QBE Insurance Group, one of Australia’s largest insurers. Paytm, owned by One 97 Communications Ltd., along with its founder Vijay Shekhar Sharma will acquire Mumbai-based private sector general insurance company Raheja QBE, a company statement said. “Raheja QBE is owned 51% by Prism Johnson […]

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RP-Sanjiv Goenka Group to publish Fortune India

Commenting on the development, RPSG Group Chairman Sanjiv Goenka said that Fortune India will be a great addition to the group stable of power-brands. The RP-Sanjiv Goenka Group has bagged the publishing rights for the global business magazine Fortune for the Indian market, according to a company statement. The $4 billion RP-Sanjiv Goenka (RPSG) Group on July 3 announced its […]

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Tata Power to sell ships for $212.76 million

The objective of the transaction is to have an asset-light model for the shipping requirements of the company and the sale proceeds will be used towards reducing the debt as part of the overall restructuring plan of the company Singapore-based Trust Energy Resources Pte Ltd (TERPL), a fully-owned subsidiary of The Tata Power Company Ltd (TPCL) has entered into definitive […]

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Biocon, Mylan get U.S. FDA approval for insulin glargine injection

It will increase access and affordability of insulin for millions of Americans with diabetes. Semglee, a drug for diabetics, co-developed by Mylan and Biocon Biologics, has secured U.S. FDA approval Biocon Ltd. and Mylan N.V. on June 12 announced that the U.S. Food and Drug Administration (FDA) has approved the New Drug Application (NDA) for Semglee (insulin glargine injection), in […]

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PG&E Corp preparing $11 billion debt financing: investor

Fox Business Flash top headlines for June 5 Fox Business Flash top headlines are here. Check out what’s clicking on FoxBusiness.com. California utility PG&E Corp is preparing an $11 billion debt-financing package as it prepares to exit from its bankruptcy, an investor involved with the company's funding plan said on Friday, sending its shares up more than 12 percent in intraday […]

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Why a proposal form is sacrosanct

Insured, nominees have to live with its consequences once the form is signed The proposal form is the basis of your insurance contract. An important function of the form is to extract all material facts from the potential insured — that is you — that are pertinent to the policy you want to purchase. A properly-filled proposal form is the […]

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Aurora Cannabis To Enter U.S. Market With Reliva Acquisition

Canadian cannabis company Aurora Cannabis Inc. has announced its entry into the lucrative U.S. market with its acquisition of Massachusetts-based Reliva LLC, a seller of hemp-derived cannabidiol or CBD products. Under the terms of the deal, Aurora will pay about $40 million of its common shares to members of Reliva. The transaction includes a potential payment by Aurora up to […]

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