Pharma sector mutual funds give 58% returns, top the charts in one year
Pharma sector mutual funds have outperformed all other mutual fund categories in the last one year. Pharma mutual funds are topping the return charts with over 58% returns in the…
Sanofi to buy US firm Principia Biopharma for $3.7 bn
French healthcare company Sanofi has agreed to buy U.S. company Principia Biopharma for around $3.7 billion, the companies said on Monday, strengthening Sanofi's presence in research and development (R&D) areas.…
Wipro completes acquisition of Brazilian IT firm IVIA Servios for $22.4 mn
Wipro on Saturday said it has completed the acquisition of Brazilian IT firm IVIA Servios de lnformitica Ltda. In July, Wipro announced that it had signed an agreement to acquire…
ICICI Bank raises ₹15,000 crore via QIP at ₹358 per share
The country’s second largest private sector lender ICICI Bank on Saturday said it has completed the allotment of equity shares under its qualified institutional placement (QIP) and raised approximately ₹15,000…
Fortnite creator sues Apple and Google after ban from app stores
Apple’s and Google’s spats with app developers over their cut of revenues exploded into a high-stakes clash Thursday when the tech giants kicked the popular game Fortnite out of their…
VECV acquires Volvo India’s bus business for ₹100 crore
Volvo Eicher Commercial Vehicles Ltd (VECV), a subsidiary of Eicher Motors Ltd, acquired Volvo Bus India, a division of Volvo Group India Pvt. Ltd, for ₹100.5 crore, the two companies…
Former RBI deputy governor S S Mundra appointed as non-executive chairman of Indiabulls Housing
Mortgage player Indiabulls Housing Finance (IBH) on Wednesday said former RBI deputy governor S S Mundra has been appointed as its non-executive chairman with immediate effect. Mortgage player Indiabulls Housing…
ICICI Bank launches $2 billion share sale
Private sector lender ICICI Bank on Monday said it has launched an institutional share sale offering that will see the bank raise as much as ₹15,000 crore (approximately $2 billion).…
Wipro Ltd announces collaboration with Intel to enable Wipro’s LIVE Workspace
The demand for work from home solutions is higher than ever before as COVID-19 keeps employees away from the office. As Wipro gears itself up under new leadership, it has…
HDFC launches Rs 14,000 crore QIP at floor price of Rs 1,838.
Shares of HDFC gained 1.5 per cent to quote at Rs 1,804.85 on the BSE on Thursday after the mortage lender announced launch of its Rs 14,000 crore-Qualified Institutional Placement…
