India

Japan's Daiichi Sankyo to acquire India's top drugmaker Ranbaxy

Tokyo/New Delhi - Japan's pharmaceutical Daiichi Sankyo Co reached an agreement with India's Ranbaxy Laboratories to acquire a majority stake, the Japanese company announced Wednesday.

The acquisition was estimated to be worth between 3.4 and 4.6 billion dollars.

Daiichi Sankyo intends to boost cost competitiveness in effective use of manufacturing as well as research and development facilities, especially in India, through the acquisition, the company said.

"While both companies will closely cooperate to explore how to fully optimize our growth opportunities, we will respect Ranbaxy's autonomy as a standalone company as well," Daiichi Sankyo Co President & CEO Takashi Shoda said in a statement.

Italy tightens security for Bush visit

Rome - Italian authorities deployed Wednesday some 10,000 soldiers and police in Rome ahead of US President George W Bush's scheduled afternoon arrival in the capital.

The US presidential plane, Air Force One, was scheduled to arrive at Rome's Ciampino military airport at around 1400 GMT on a flight from Germany.

Bush's visit includes meetings with Italian leaders on Thursday and with Pope Benedict XVI at the Vatican on Friday.

First Lady Laura Bush, who is accompanying her husband, is scheduled to deliver a speech at the Rome-based headquarters of the UN World Food Programme (WFP).

Italian President Giorgio Napolitano is scheduled to receive Bush at the presidential Quirinale Palace on Thursday morning.

Baba Ramdev, Ramadoss Team Up For Yoga Vs Junk Fight

The Union Health Minister Anbumani Ramadoss and yoga guru Baba Yoga Guru Baba Ramdev

Indo-US civil nuclear deal dead: US official

London, June 11 : The historic India-US civil nuclear deal is almost dead, according to a senior US official.
Asked whether it was now impossible to push the deal through, one Bush Administration official said: “That is probably correct,” The Financial Times reported.
“Even if the Indian Government were suddenly to turn around and get the IAEA stage completed, there would be no time for the remaining two stages,” said Ashley Tellis, one of the original architects of the deal and now an adviser to John McCain’s presidential campaign.
Tellis said that the collapse of the deal would jeopardise India’s access to sensitive US technology, which could have an impact on defence sales and civil nuclear development.

Spice Rolls Out GSM Phone @ Rs 599

In an effort to take advantage of the potential in rural telecom markets, Spice Rolls Out GSM Phone @ Rs 599

‘Lage Raho Munnabhai’ Sweeps Four National Film Awards

The blockbuster movie ‘Lage Raho Munnabhai’ has won four awards at the ‘Lage Raho Munnabhai’

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