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CCI approves GSK, Pfizer consumer healthcare JV formation

The Competition Commission of India (CCI) has approved the formation of a joint venture (JV) for consumer healthcare products by pharmaceutical giants Glaxosmithkline (GSK) and Pfizer. In December 2018, GSK had reached an agreement with Pfizer to combine their consumer health businesses into a new JV with combined sales of ... Read More »

ICRA gets NCLT’s nod to merge two wholly owned subsidiaries

has received approval from National Company Law Tribunal (NCLT), New Delhi, for scheme of amalgamation filed by ICRA Management Consulting Services. The said scheme of amalgamation will be effective upon sanctioning of the scheme filed by the ICRA Online by the NCLT, Kolkata. Earlier, the company had proposed merger of ... Read More »

SVP Global Ventures’ arm to demerge into core, non-core businesses

‘ subsidiary — Citron Infraprojects’ board on recommendation of the Audit Committee, has filed a demerger application for re-organizing of its business into two parts i.e. Core business and Non-core business separately in order to focus more on core activities. The company will be able to achieve its target of ... Read More »

State Bank of India signs MoU with NABARD: Report

State Bank of India (SBI) and National Bank for Agriculture and Rural Development (NABARD) have reportedly joined hands, by signing a Memorandum of Understanding (MoU) for formation and credit linkage of 13,00 joint liability groups (JLGs) across Tamilnadu. The groups will be purveying credit in the rural areas that would ... Read More »

Hero MotoCorp launches special edition of Splendor: Report

Hero MotoCorp has reportedly launched a special edition of the Splendor to celebrate the 25th anniversary of their iconic motorcycle ‘Hero Splendor’. It is priced at Rs 56,600 (ex-showroom). Based on the Splendor Plus variant, the special edition gets a new colour scheme and graphics. Hero MotoCorp is an India-based ... Read More »

Coal India’s arm commissions new wharf-wall: Report

Coal India’s subsidiary– Northern Coalfields has reportedly inaugurated a new wharf-wall at MGR route line of company’s Nigahi coal producing area to reduce coal transportation by road. The said route line is used by Nigahi for transporting coal to NTPC Vindhyachal. The new wharf-wall will help supply additional 3-4 rakes ... Read More »

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