Business news

Sun Pharma completes acquisition of US-based eye care specialist Ocular Technologies

Sun Pharma acquired 100 percent stake in Ocular Technologies from private equity firm Auven Therapeutics for $40 million.

Dec 16, 2016

Cognizant to acquire Australian insurance consultancy Adaptra

The latest announcement of acquisition comes less than a month after the IT major agreed to buy Dutch digital marketing company Mirabeau.

Dec 16, 2016

Narendra Modi govt approves 100% disinvestment of Pawan Hans

The Centre has 51 percent stake in the New Delhi-based helicopter service company incorporated in 1985.

Dec 16, 2016

Amazon Prime India launch set to hit growth of DTH operators in streaming era

With live streaming services at very competitive prices, the entry of Amazon Prime and Netflix may negatively impact domestic DTH operators.

Dec 16, 2016

Telenor plans to sell India business to Idea Cellular: Report

The deal would include Idea Cellular taking over all the liabilities of the Norway-based telecom operator.

Dec 16, 2016

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Banking, metal stocks keep indices under pressure; Hindalco major loser

Trade in the market remained range bound in the absence of any visible triggers on Friday afternoon.

Dec 16, 2016

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Nusli Wadia files Rs 3,000 crore defamation lawsuit against Tata Group

Nusli Wadia is seeking a compensation of Rs 3,000 crore after he was accused of "acting in concert" with Cyrus Mistry.

Dec 16, 2016

After rumours, Ratan Tata clarifies he's not stepping down as Tata Trusts chairman

Tata Trusts controls 66 percent of Tata Sons.

Dec 16, 2016

Turning back time: Salk scientists reverse signs of ageing in mice

Scientists have successfully extended the lives of mice by systemically reprogramming their cells. After the experiment, the animal’s age was reversed and their lifespan increased from 18 to 24 weeks. This had not been directly demonstrated in a living organism. All previous efforts had ended in mice developing tumours and dying. The new study, published in the journal Cell, constitutes the first report of cellular reprogramming extending the lifespan of a live animal.

Dec 15, 2016

Freedom 251-maker launches cheapest LED TV at Rs. 9,990

Freedom 251 smartphone maker Ringing Bells denies rumours of shutdown

Ringing Bells also claims that they have so far delivered around 70,000 devices.

Dec 15, 2016

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Titan, TBZ, PC Jeweller shares fall at a higher clip than gold prices since demonetisation

Gold demand has remained subdued since demonetisation, leading to bearish market sentiments for Titan, TBZ and PC Jeweller.

Dec 15, 2016

Three-parent babies now allowed in UK: The historic decision explained

The Human Fertilisation and Embryology Authority (HFEA), the UKs fertility regulator, has officially approved the use of mitochondrial replacement therapy. Clinics will now be able to apply for licences to help give birth to so-called three parent babies.

Dec 15, 2016