Wockhardt to reduce debt against share pledge to 26% from 65% now in FY24Khorakiwala-owned Humuza Consultants has pledged its entire 65.46% shares of Wockhardt with private lenders as of March 31, 2023, according...
Wockhardt shuts US manufacturing plantThe company expects the US plant shutdown and transfer of products from inhouse to third-party contract manufacturers to help save $12 mill...
Dealmaking, Trump's health update boost European stocksOil majors Royal Dutch Shell, BP and Total gained nearly 2%, with crude prices climbing after an easing of the worst fears about Trump's he...
Incomes can have surprising outcomesFor resourceful revenue collectors, you’ve got what it tax — even when you haven’t.
China stocks extend gains on trade optimism, hopes of policy supportCSI300's financial sector sub-index was higher by 0.9 per cent.
Fifteen stocks in focus on Thursday, 2 March 2017Banks including HDFC Bank, ICICI Bank and Axis Bank began charging a min amount of Rs 150 per transaction for cash deposits and withdrawals...
- Indian managers always have a plan B: ex-Kellog Dean
“As Indians, we have a plan B always. I have seen Indian managers sensing things before they go wrong, Qualities like these are needed as t...
- New biz environ: CFOs face multiple risk management tasks
The office of finance is transforming itself into a strategic advisory role to guide the organisations in coping with the operational chall...
- Indian cos make impact in US
Around 12 top Indian cos have invested billions of dollars in the US, creating and retaining more than 30,000 jobs in the country. Making a...
- Royal Bank of Scotland to beat profit forecasts
Royal Bank of Scotland (RBS), the UK’s second-biggest bank, reported £1.5 billion ($3 billion) of writedowns caused by slumping credit mark...
- Barclays, RBS lie low as investor confidence dips
Barclays' John Varley and Fred Goodwin of Royal Bank of Scotland Group, who spent six months battling for control of ABN Amro Holding.
- Wockhardt buys Morton Grove for $38 mn
Domestic drug maker Wockhardt said on Wednesday it acquired US-based speciality drugs company Morton Grove Pharmaceuticals, which has annua...
- Wockhardt set to acquire US firm for $70 mn
Pharma major Wockhardt Ltd is in the final stages of acquiring US drug maker Morton Grove Pharmaceuticals Inc. Wockhardt plans to triple re...
- Barclays to take over ABN Amro for $91b
Barclays, Britain’s third-largest bank, agreed to buy ABN Amro Holding NV for e67 billion ($91 billion) in the world’s biggest financial-se...
- Citi plans to cut 26,000 jobs in major revamp
Citigroup chief executive Charles O Prince III plans to eliminate or reassign more than 26,000 jobs, or 8% of its work force, when he annou...
- Barclays stock soars on takeover talk
Barclays shares rose as much as 4.7%, leading a gain in UK bank stocks amid speculation there may be a takeover in the industry.
- British personal debt nears `Time Bomb’ levels
British banks have made 215 billion pounds of unsecured consumer loans, denting earnings at lenders such as Barclays and HBOS as default ra...