E-PaperPlc News
Glaxo rejects $68 billion Unilever bid for consumer business
“GSK rejected all three proposals made on the basis that they fundamentally undervalued the Consumer Healthcare business and its future prospects,” the statement said
3 min read15 Jan 2022BP swings back to small profit, refining weighs
BP's shares are down more than 50% this year and remain near 25-year lowsWeak fuel demand continued to weigh on refining profit margins, with BP refineries operating at 80% of capacity
2 min read27 Oct 2020Johnson & Johnson pauses Covid vaccine trial as participant becomes ill
Earlier this month, Johnson & Johnson joined the short list of vaccine makers that have moved an experimental coronavirus shot into late-stage human studies in the US
1 min read13 Oct 2020Oxford Covid Vaccine: Volunteer had spinal cord problem, says NIH Chief
US National Institutes of Health Director Francis Collins told a Senate committee that AstraZeneca Plc’s closely watched Covid-19 vaccine trial had been halted due to a 'spinal cord problem'
1 min read9 Sep 2020Unilever withdraws full-year growth outlook, India business impacted
Underlying sales growth in developed markets in the first quarter was at 2.8%, while in emerging markets it fell 1.8%Sales of hygiene and in-home food products have been on an upswing
2 min read23 Apr 2020Prudential signs $753 mn deal with FWD Group
Prudential’s Thai unit will buy the exclusive rights from FWD to sell life insurance products through TMB Bank PclTMB had been exploring options for its existing bancassurance partnerships following a planned merger with Thanachart Bank Pcl that will create the country’s sixth-largest lender
1 min read19 Mar 2020Reliance Industries shuts down D1/D3 gas field in KG-D6 block
RIL and BP had, over the years, kept D1 and D3 alive with over $1 bn investmentTouted as India’s first deep-water gas field located in the Bay of Bengal, D1/D3 was put to production in April 2009
1 min read4 Feb 2020Reliance-BP petrol pumps to dent PSU market share, says Morgan Stanley
The tie-up will see RIL's 1,400 existing pump stations being ramped up to 5,500 over five yearsRIL and BP expect to form their partnership by first half of 2020
3 min read22 Dec 2019Reliance, BP take over Niko's 10% stake in KG-D6 block
Reliance and BP split Niko's share in proportion to their existing shareholding in the blockReliance, being the operator of KG-D6 block, slapped a default notice on Niko soon after, sources said
2 min read15 Sep 2019CDC Group plans to double India exposure to about $3.5 bn by 2021
CDC’s plans to invest more in India will see the firm increase the pace of direct investments, says CEO O’DonohoeThe CDC India portfolio currently stands at $1.7 billion across direct investments into companies and investments in private equity and venture capital funds
3 min read23 Jul 2019Popular Topics
Budget
The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared