Dixon Technologies, arguably the most successful Indian electronics manufacturer of all times, said it has decided to float a 40:60 joint venture with its customer and Japanese electronic components maker Rexxam to target both Indian and international markets. The two companies have inked a memorandum of understanding and will begin the work of thrashing out […]
In his most direct attack against China’s encroachment on the Indian border, Prime Minister Narendra Modi today said everyone should understand that the age of expansionism is over, and that the world today is determined and ready to fight any such power. “Friends, the age of expansionism is over,” Modi said, in a thinly veiled […]
Maharashtra has emerged as the lead state in India as far as Coronavirus infections are concerned, going by an analysis of the details of state-wise COVID-19 cases in India (see table). While the numbers are changing every hour, as of April 3 Friday, Maharashtra continued to remain on the top with 423 cases and 21 […]
Pharma major Lupin said it has agreed to sell its Japanese injectables business to a wholly owned subsidiary of Neopharma group, the UAE’s largest pharmaceutical manufacturer headquartered in Abu Dhabi. Lupin has agreed to sell all the issued and outstanding share capital in its unit Kyowa Criticare Co. Ltd to neo ALA Co. Ltd, a […]
Sun Pharmaceutical Industries said it agreed to acquire Pola Pharma Inc, a Japanese pharmaceutical company engaged in the research and development, manufacture, sale and distribution of branded and generic products in Japan for $1 million. Pola Pharma had annual revenues of approximately US$ 108 million and net loss of US$ 7 million for the 12 […]
Indian Pharma major Lupin said it has signed an agreement with Japan-based generics maker Nichi-Iko to market its upcoming biosimilar drug, Etanercept, in the far eastern nation. Etanercept, already approved in the US, is used to treat inflammatory conditions. It is pending approval in Japan and Europe. According to Lupin, the non-US market for Etanercept […]
Mahindra Defence Systems said it has entered into a long-term partnership with Government of India-controlled defence electronics manufacturer Bharat Electronics Ltd “to jointly address emerging opportunities in the domestic market”. The two will address opportunities created by policy initiatives of the Government of India, like ‘Make in India’ and the ‘Export Promotion Policy’ of the […]
Tata Consultancy Services launched its artificial intelligence-based IT repair and prevention solution, ignio, in Japan. “When System outages occur today, businesses dedicate vast resources to rectify the problem. Oftentimes, multiple teams are called together to identify the root cause and devise resolution plans. “This can take Several hours and sometimes days. ignio” is able to […]
India and Japan have agreed to increase defence cooperation, particularly in terms of providing mutual training as well as in sharing technology. India’s outgoing defence minister Arun Jaitley reached several agreements with his Japanese counterpart in this matter, days after the country ended a tense border dispute with China that saw the northern neighbor make […]
The Indian government is likely to announce a new industrial policy in October, the ministry of commerce and industry said, and sought feedback from the public. Commerce and industry minister Nirmala Seetharaman will hold a final round of consultations with stakeholders soon, it added. “Sitharaman will hold consultations with stakeholders, including industry captains, think tanks […]
Japan’s Sumitomo Group has acquired the car lease division of Carzonrent India Pvt. Ltd. Carzonrent group also owns Easycabs and MYLES, which are not part of the transaction. Financial details of the deal were not revealed. The main (original) company will continue to use the Carzonrent brand. In a statement, Carzonrent said it “has realized […]
English Vinglish, the story of a meek Indian housewife who finds herself at sea in the US, seems to have hit a chord with audiences in Japan. The Sridevi starrer, continued to rake in the moolah in the Asian nation, with $1 million (Rs 6 crore) and still counting. It has become the second highest […]
