Thermo Fisher Acquires Novasep’s Viral Vector Manufacturing Business For 725 Mln Euros

Thermo Fisher Scientific Inc. (TMO) has completed the acquisition of Henogen S.A., Groupe Novasep SAS’s viral vector manufacturing business in Belgium for about 725 million euros in cash, the two companies said Friday. Novasep’s viral vector manufacturing business provides contract manufacturing services for vaccines and therapies to biotechnology companies as well as large biopharma customers. The business will be part […]

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Mercedes-Benz launches 2021 edition of SUV GLC at ₹ 57.40 lakh onwards

German luxury carmaker Mercedes-Benz on Wednesday launched the 2021 edition of its popular SUV GLC in India with price starting at ₹ 57.40 lakh (ex-showroom). The 2021 GLC is available in GLC 200 petrol and GLC 220d diesel variants, priced at ₹ 57.40 lakh and ₹ 63.15 lakh (ex-showroom, India), Mercedes-Benz India said in a statement. The newly launched vehicle […]

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Sundaram Finance makes top level changes

The board of Sundaram Finance met on Wednesday and named Rajiv Lochan (director Strategy) as managing director with effect from April 1 Sundaram Finance Ltd has made top level changes as the current managing director T.T. Srinivasaraghavan will be retiring on March 31, 2020. The board of Sundaram Finance met on Wednesday and named Rajiv Lochan (director Strategy) as managing […]

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Reliance to buy out IMG Worldwide from sports management JV

The nation’s biggest company by market value, in a stock exchange filing, said it will buy IMG Worldwide’s 50 % stake in IMG-Reliance Ltd (IMG-R) for no more than ₹ 52.08 crore in cash. Billionaire Mukesh Ambani’s Reliance Industries Ltd (RIL) has agreed to buy out IMG Worldwide LLC from their sports management joint venture for ₹ 52.08 crore. The […]

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Carbon emission credits on track for record year, WSJ reports

Fox Business Flash top headlines for December 23 Fox Business Flash top headlines are here. Check out what’s clicking on FoxBusiness.com. Credits tied to carbon emissions are having a banner year despite a record drop in output from the power plants and steel mills that need them to operate. Continue Reading Below Ticker Security Last Change Change % MS MORGAN […]

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India needs multiple bad banks to clean balance sheets of lenders, get credit growth back: CII

Industry body CII on Sunday said it has urged the government to consider creation of multiple bad banks to address the adverse impact of non-performing assets (NPAs) accumulated by public sector banks in the recent past, that got further accentuated during the pandemic. The Confederation of Indian Industry (CII) in its pre-budget memorandum recommended that the government consider enabling Foreign […]

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Red White & Bloom To Acquire Cannabis Capital Partners

Cannabis company Red White & Bloom Brands Inc. or RWB said Thursday it has agreed to acquire the issued and outstanding shares of Cannabis Capital Partners Inc. or CCP. CCP is a special purpose vehicle that has the rights to concurrently purchase medically and recreationally-approved tetrahydrocannabinol or THC cultivation center licenses in the State of Illinois. RWB’s acquisition of CCP […]

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Seneca Biopharma, Leading BioSciences To Merge In All-stock Transaction – Quick Facts

Seneca Biopharma, Inc. (SNCA) and privately-held company Leading BioSciences, Inc. or LBS, announced Thursday that they have entered into a definitive agreement under which a wholly owned subsidiary of Seneca will merge with LBS in an all-stock transaction. Immediately following the merger, it is anticipated that Seneca equity holders will own approximately 26.2% of the combined company and LBS equity […]

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