New Delhi - Japan's Daiichi Sankyo had completed its acquisition of Indian pharmaceutical major Ranbaxy Laboratories, the companies said in a joint statement Friday.
It was announced in June that the Japanese firm would be acquiring a controlling stake of 63.92 per cent in Ranbaxy, India's largest pharma firm, in an estimated 4-billion-dollar deal.
In a regulatory statement, the firms announced Friday that they had closed the deal with the final transfer of remaining equity shares of the promoters of Ranbaxy, the Singh family.
Tokyo - Asia-Pacific stocks ended the week mixed as Wall Street's overnight plunge prompted investors to sell but interest-rate cuts in some markets led to afternoon recoveries.
Japan's benchmark Nikkei 225 Stock Average plunged 3.55 per cent on Toyota Motor Corp's sharp cut in its earnings forecast for this fiscal year, but South Korean and Hong stocks took big jumps on the rate cuts.
The Nikkei was the region's big loser as it shed 316.14 points to close at 8,583 but still managed to end the week up 0.07 per cent.
Tokyo - Japan Airlines Corp saw its operating profit and revenues fall in the July-September quarter on high fuel prices and slowing demand for air travel amid the global economic downturn and lowered its earnings projections for the year.
Operating profit dropped 60 per cent from the same quarter a year ago to 26.31 billion yen (268.47 million dollars), and revenues were also down 6.7 per cent to 583.26 billion yen.
But net profit more than tripled in the second quarter of the fiscal year, thanks to gains from securities sales.
Tokyo - The Tokyo market extended its recent losses Friday after Toyota Motor Corp announced a sharp cut in it earnings forecast for the current fiscal year.
The Nikkei 225 Stock Average lost 316.14 points, or 3.55 per cent, to close at 8,583.
The broader Topix index of all first-section issues was also down 30.3 points, or 3.33 per cent, to 879.
For the week, Nikkei was up 0.07 per cent, and Topix also rose 1.35 per cent.
Tokyo - Japan's Nikkei 225 Stock Average extended losses in early trading Friday on prolonged economic concerns and the yen's strength against other currencies, with the benchmark index down 423.18 points, or 4.76 per cent, to 8,475.96.
The Nikkei lost more than 6 per cent in Thursday trading.
On currency markets at 9 am (0000 GMT), the dollar traded at 97.27-32 yen, down from Thursday's 5 pm quote of 97.90-93 yen.
New Delhi - Japan's Daiichi Sankyo had completed its acquisition of Indian pharmaceutical major Ranbaxy Laboratories, the companies said in a joint statement Friday.
Tokyo - Asia-Pacific stocks ended the week mixed as Wall Street's overnight plunge prompted investors to sell but interest-rate cuts in some markets led to afternoon recoveries.
Tokyo - Japan Airlines Corp saw its operating profit and revenues fall in the July-September quarter on high fuel prices and slowing demand for air travel amid the global economic downturn and lowered its earnings projections for the year.
Tokyo - The Tokyo market extended its recent losses Friday after Toyota Motor Corp announced a sharp cut in it earnings forecast for the current fiscal year.
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