Cipla Arm Completes Acquisition Of South Africa-Based Firm

New Delhi: Drug firm Cipla said on Wednesday it’s subsidiary in South Africa has completed the acquisition of Anmarate (Pty) Ltd, South Africa, a deal estimated at around ZAR 26 million. “The company’s wholly-owned subsidiary Cipla Medpro South Africa Pte... Read more

Iron ore exports revive on firm global prices, protectionist steps

The export surge is despite a 30% export duty on high grade iron ore, which accounts for only a small part of the overall iron ore exports. Photo: Bloomberg India’s iron ore mining industry seems headed for better days, with... Read more

ICICI Prudential Life Insurance needs to get a firm grip on its expenses

The fact that the shares of the insurer are trading at a 3% discount to its issue price of Rs334 indicates that investors already have misgivings over expenses. Photo: Reuters ICICI Prudential Life Insurance Co. Ltd’s first quarterly results after... Read more

Flipkart valuation shrinks again; firm reveals job cuts

Flipkart’s valuation has seen multiple markdowns in the last six months. Photo: Hemant Mishra/Mint Bengaluru: Global asset manager T. Rowe Price Group Inc. has reduced the value of its stake in Flipkart Ltd by a fifth, its second cut in... Read more