Tag Archives: deal

Unichem to return 50% of proceeds from Torrent deal to shareholders

Unichem has entered into a definitive agreement with Torrent Pharma to sell its branded formulations business in India and Nepal for Rs3,600 crore. Mumbai: Unichem Laboratories Ltd plans to return to its shareholders more than 50% of net proceeds it will receive from the sale of domestic formulations business to Torrent Pharmaceuticals Ltd. It will use the rest to expand its ... Read More »

UK businesses urge government to reach Brexit transition deal

LONDON, OCT 23:   The British government must act urgently to secure a Brexit transition deal or risk losing jobs and investment in the country, business leaders representing millions of workers are due to warn. In a draft letter due to be sent to Brexit minister David Davis, Britain’s five leading business organisations said a deal to provide a status quo ... Read More »

India-China border row: Cong slams BJP after Gujarat’s deal with Chinese car firm

The impact of the Sino-India border stand-off in Sikkim is being felt in faraway Gujarat, where the BJP government signing an MoU with a Chinese automobile firm invited the charge of “betrayal” from the opposition Congress. The Gujarat government on Wednesday signed an MoU with China’s SAIC Motor Corp for setting up a passenger car manufacturing facility at Halol in ... Read More »

Climate change: Trump keeps world waiting on Paris deal

Donald Trump has said he will decide whether to pull out of a key climate change deal in the next week, having apparently shrugged off pressure from US allies in recent days. The US president tweeted he would make his “final decision” on the Paris accord after his return to Washington. Mr Trump left the G7 summit in Sicily on ... Read More »

Verizon close to Yahoo deal, price cut of $250-350 million – sources

Verizon Communications Inc (VZ.N) is close to a revised deal to buy Yahoo Inc’s (YHOO.O) core internet business for $250 million to $350 million (£200.7 million to £281 million) less than the original agreed price of $4.83 billion, according to a source briefed on the matter. Since last year, Verizon had been trying to persuade Yahoo to amend the terms ... Read More »

UK wage growth outpaces inflation

Wages grew faster than the rate of inflation at the end of 2016, official figures show. In the three months to December, wages grew 2.6% on an annualised basis in the UK, according to the Office for National Statistics (ONS). However, that was slower than the previous period, leading analysts to suggest households could face a “squeeze” on spending later ... Read More »

Lufthansa agrees pay deal with pilot union

Lufthansa has struck a deal to solve a five-year-long dispute with pilots that has cost it millions of euros. Germany’s largest airline and the Cockpit union have agreed upon an arbitrator’s proposal for a new wage agreement that covers about 5,400 pilots. The firm has agreed to a four-stage 8.7% total wage increase and a one-off 30m-euro (£25.5m) payment. That ... Read More »

Peugeot-Vauxhall: UK and Germany raise concerns on deal talks

The UK and German governments are seeking to safeguard jobs in the potential merger of the Vauxhall and Peugeot carmakers. Ministers have raised concerns after PSA Group, maker of Peugeot cars, said it was in talks to buy General Motors’ loss-making European business Opel. Opel has thousands of workers at its plants in Germany and UK arm Vauxhall. Business Secretary ... Read More »

SpiceJet in deal to buy 205 Boeing planes

Indian airline SpiceJet has agreed to buy up to 205 new planes from Boeing – potentially worth $22bn (£18bn). The deal includes a firm order for 100 new planes, 55 from a earlier contract and the right to buy a further 50 jets. SpiceJet is India’s fourth largest airline, though its future looked in doubt in late 2014 after planes ... Read More »

Murdoch’s Fox agrees 11.69 billion pounds deal to buy Sky and bolster empire

Rupert Murdoch’s Twenty-First Century Fox has struck a $14.6 billion (11.69 billion pounds) deal to buy European pay-TV firm Sky that consolidates a media empire across two continents and helps it take on rivals like Netflix in the battle for viewers. Fox, which announced a preliminary deal on Friday, said it would pay 10.75 pounds per share – or 11.6 ... Read More »