Will Alibaba crash impact Indian e-commerce valuation?
NEW DELHI: When Alibaba listed on NYSE a year ago, it created history with the highest share sale value, making the Chinese e-commerce giant valued at around $230 billion. A year on, the company might create history again but this time, for the wrong reasons. Its scrip has nosedived close to 40%... read more »
Pfizer to sell Thane plant to Vidhi Research for Rs 178 crore
Drug firm Pfizer has said it has entered into a business transfer agreement to sell its Thane plant as a going concern to Vidhi Research and Development LLP for Rs 178 crore. In a BSE filing, Pfizer said, “It has entered into a Business Transfer Agreement (BTA) for the transfer of the... read more »
Sterlite Technologies acquires Elitecore Tech for Rs 180-crore
NEW DELHI: Sterlite TechnologiesBSE 2.23 % today announced the acquisition of telecom software product firm Elitecore Technologies at Rs 180 crore in an all-cash deal to widen its telecom portfolio. “This acquisition widens Sterlite’s telecom portfolio of offerings to its global... read more »
Volkswagen emissions scandal spreads to Europe and threatens to embroil mor...
The Volkswagen and Audi diesel emissions scandal which has thrown the global car industry into turmoil has spread to Europe and threatens to embroil more models and rival carmakers. The chief executive of Volkswagen AG, the parent company of Porsche, Seat, Skoda, Bentley, Lamborghini and Bugatti... read more »
