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  • Business

Why GSK is changing its strategy after 93 years

 Increased price control over branded generic medicines has affected its profitability GlaxoSmithKline (GSK) Pharmaceuticals is scouting for acquisitions in the domestic market for the first time......

Nirmal to buy Glaxo property

 Nirmal Constructions, a leading real estate and construction group, is set to acquire the 20 acre Burrows Wellcome property at Mulund (a Mumbai suburb) for nearly Rs 230 crore (Rs 2.3 billion).At......

Should you invest in MNC pharma?

 Multinational pharma companies have been stunners at the bourses over the past one year. Darlings of the stock market in the late nineties, analysts preferred to turn their backs on MNC pharma......

Deepak Parekh is Siemens chairman

 Siemens has announced the appointment of HDFC executive chairman Deepak S Parekh, as the chairman of its board of directors, succeeding Dr F A Mehta who stepped down after a successful tenure of 16......

Glaxo sells Worli plot for Rs 108 crore

 Pharma major GlaxoSmithKline Pharmaceuticals Ltd has sold its Worli plot for Rs 107.6 crore (Rs 1.08 billion) to I-Ven Realty Ltd, a joint venture between ICICI Venture Funds Management Company Ltd......

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