Indian tycoon Ajay Piramal weighs $1 billion contract pharma sale

Indian tycoon Ajay Piramal weighs $1 billion contract pharma sale

New Delhi, Oct 16: Indian billionaire Ajay Piramal is considering a sale of his contract pharmaceutical operations, which could fetch around $1 billion, people with knowledge of the matter said. The tycoon’s Piramal Enterprises Ltd. is working with advisers to gauge interest in the business, known as Piramal Pharma Solutions, according to the people. It […]

Sterlite Tech bags Rs 35-bn contract to build Indian Navy’s digital network

New Delhi, Oct 16: Mumbai-based Sterlite Technologies on Tuesday said it had been awarded a long-term contract to build and manage Indian Navy’s next-gen digital network. The Rs 35-billion project includes design, execution, operations and maintenance of the Navy’s digital network. In a note released on Tuesday, the company informed stock exchanges about having bagged […]

Sensex jumps 297 pts amid stable rupee

Mumbai, Oct 16: Bulls kept the momentum going on Dalal Street for third consecutive session on Tuesday as the Sensex gained nearly 300 points and all sectoral indices ended in the green despite mixed global cues. Stable rupee and crude oil prices, and healthy start to September quarter earnings season aided the rally. Banks & […]