AHEL (Apollo Hospitals Enterprise Ltd) has planned to restructure its business exercise by divesting its pharmacy business by forming it as a separate entity and naming it as APL (Apollo Pharmacies Ltd). The newly formed company will turn out to be a completely owned subsidiary of AMPL (Apollo Medicals Pvt Ltd). Apollo management has mentioned …
Category Archives: Business
InCred to Raise INR 300 Crore from its Private Equity Investors and Founder with a Focus on Business Diversification
A digital lending start-up based in Mumbai, InCred has successfully raised a funding round of INR 300 crore ($41.9 million) from the company’s private equity investors including Siddharth Parekh’s Paragon Partners and the private founder, Mr. Bhupinder Singh. The company’s major focus is on the four lending verticals including small and medium enterprises, affordable housing, …
Fox Network Group and AT&T to Renew the Multi-year Deal
The American multinational telecommunications company AT&T and the television company, Fox Network Group announced the renewal of their multi-year deal which establishes the continuation of distribution of Fox programming across the video platforms of AT&T including DIRECTV NOW, DIRECTV, and AT&T U-verse. The local broadcast stations in 17 cities and regional sports networks owned by …
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Nestle To Grab Consumer Nutrition Business of GlaxoSmithKline in India
Some of the biggest consumer companies across the globe have been eyeing on the nutrition business of GlaxoSmithKline and the competition has been intensifying for securing the expensive Horlicks malted drink product of the company. Amongst other products, malt-based drinks are considered as one of the largest health-food drink across India. Nestle is pitted against …
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Environment Concerns and Government Emphasis on Renewable Energy to Drive Solar Invertor Sales
With growing importance being given to alternative energy sources to solve the issue of climate change and rapid development of new technologies in the field, the solar energy sector is gaining high priority in both commercial and residential purposes. New government led initiatives and awareness about the effects of environmental pollution are expected to push …
AHEL to Diversify Its Pharmacy Business
AHEL (Apollo Hospitals Enterprise Ltd) has planned to restructure its business exercise by divesting its pharmacy business by forming it as a separate entity and naming it as APL (Apollo Pharmacies Ltd). The newly formed company will turn out to be a completely owned subsidiary of AMPL (Apollo Medicals Pvt Ltd). Apollo management has mentioned …
ADNOC to explore Collaboration Opportunities through the Framework Agreement with Saudi Aramco
A framework agreement was signed by the Abu Dhabi National Oil Company (ADNOC) and Saudi Aramco (Aramco). With this agreement the company aims to discover the synergy between Liquefied Natural Gas (LNG) and natural gas industries. The framework agreement would enable the two companies to gain more revenue for the two segments. With this deal …
US Sanctions on Iran Could Unsettle the Oil Landscape
Oil Experts believe otherwise. Say sufficient world supplies could keep prices under check Several months after the US President Donald Trump signed an executive memorandum to withdraw from the Iran nuclear deal, the recent economic sanctions on Iran’s oil exports along with nation’s aviation, shipping, and banking industries are expected to have quite notable implications …
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Ola to Foray in the New Zealand Market
A recognized rideshare service provider, Ola announced on November 6 that it would extend its offerings in Wellington, Auckland, and Christchurch and mark its entry in New Zealand. The passengers in New Zealand would enjoy a discount of 50 percent off on their rides for the initial first month. Brian Dewil, the New Zealand Country …
New Strategic Partnership to Drive Blockchain Router Production in MENA Region
Block chain has a come a long way since it has been conceptualized back in 2008. Owing to the potential that it holds, companies are harnessing its capabilities to foster their business growth. OptDyn, a company having the vision of offering IoT, cloud computing, and crypto-currency mining to its customers has entered into a strategic …
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