Norway’s Orkla to buy 68% in Eastern Condiments

Eastern to be merged into MTR Foods Orkla, a Norwegian supplier of branded consumer goods to the grocery, out-of home, specialised retail, pharmacy and bakery sectors, has entered into an agreement to acquire 67.8% stake in Kochi-based Eastern Condiments. The parties had agreed on a purchase price that values Eastern […]

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Rolls-Royce to sell assets to boost finances

JP Morgan analysts said a rights issue was needed: “In our view only a very major capital raise would put Rolls-Royce on a sound footing.” British aero-engine maker Rolls-Royce said it would sell assets to try to raise at least £2 billion pounds ($2.6 billion) as it battles to shore […]

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Harley-Davidson may exit India

Weak sales and a lack of visibility for future demand are reasons cited Barely a decade after its entry, Harley-Davidson Inc. is looking to wind down its assembly operations in the country as a result of weak sales and a lack of visibility for future demand, industry executives said. The […]

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Biological E. acquires Akorn India

Timing is fortuitous, allow us to expand capacity for COVID-19 vaccine, said BE MD Mahima Datla Hyderabad-based pharmaceuticals and biologics company Biological E. (BE) has announced the acquisition of Akorn India, a subsidiary of U.S. firm Akorn Inc. The acquisition, for an undisclosed sum, comes days after BE entered into […]

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ICRA appoints N. Sivaraman as MD and Group CEO

During his 34-year career at L&T, he held senior positions including as President & Wholetime Director of L&T Finance Holdings. The board of ICRA Ratings on Tuesday announced the appointment of N Sivaraman, formerly with L&T Finance Holdings & IL&FS as its MD & Group CEO. He will replace Naresh […]

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SpiceJet acqui-hires airline e-commerce technology company Travenues

The move would help SpiceJet in strengthening its e-commerce platforms, a release said. Budget carrier SpiceJet on Tuesday said it has acqui-hired the team and technology of the Bengaluru-based airline e-commerce technology company Travenues, a wholly-owned subsidiary of online travel platform ixigo. The move would help SpiceJet in strengthening its […]

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