The shareholders of Gland Pharma Ltd, including buyout firm KKR and Co., are considering selling a stake of up to 74% under the automatic approval route to China’s Fosun International after failing to secure government approval for an 86% stake sale so far, two people aware of the discussions said. The new structure is being…
India and Russia are setting up a USD 1 billion fund to promote mutual investments in infrastructure and technology projects, Commerce and Industry Minister Nirmala Sitharaman has said. Both the countries would contribute USD 500 million to the fund, Sitharaman said while addressing India-Russia Business Forum at the ongoing International Engineering Sourcing Show (IESS) here…
Guangzhou: Alibaba Mobile Business Group firm UCWeb plans to invest Rs200 crore in India and Indonesia over the next two years to push distribution of user generated content through its UC News platform. “We will invest Rs200 crore over the period of 2 years in India and Indonesia to push user generated content like blogs,…