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Three FDI proposals worth Rs 38 cr cleared

 Three proposals entailing Rs 38.09 crore (Rs 381 million) in foreign direct investment (FDI) have been cleared, the finance ministry said on Tuesday. Equitas Holdings has been given permission to......

FIPB clears 7 pharma FDI proposals, defers 3

 The Foreign Investment Promotion Board on Friday cleared seven FDI proposals in Indian pharmaceutical companies, while deferring three cases on concerns of ownership control. "FIPB has considered......

GSK raises stake in Indian arm to 72.5%

 Drug major GlaxoSmithKline Plc (GSK) has increased stake in its Indian subsidiary GlaxoSmithKline Consumer Healthcare Ltd to 72.5 per cent in a transaction worth Rs 4,800 crore (Rs 48 billion).In a......

Stay invested, more gains in the offing for GSK Consumer

 The 20 per cent surge in GSK Consumer Healthcare's (GSKCH) scrip on Monday to its new 52-week high of Rs 3,651.80 was big but not surprising, given the proposed open offer by its foreign parent,......

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