Kolkata-based Emami on Tuesday said it is scouting for acquisitions in the healthcare space to expand the footprint of its hospitals business in the country. AMRI Hospital, which is run by the Emami and Shrachi Groups along with the West Bengal government, is also in the process of investing R400 crore to increase the number of beds it operates to around 1,500 this fiscal from 900 at present.
Jubilant inks pact with Janssen Pharma
Drug firm Jubilant Life Sciences on Tuesday said its US-based arm has entered into an agreement with Janssen Pharmaceutica NV to deliver pre-clinical candidates in the area of neuroscience to the Belgium-based firm. The pact will span an initial period of three years and focus on multiple targets in the area of neuroscience, Jubilant Life Sciences said in a statement. The agreement was signed between Jubilants US arm Jubilant Discovery Services and Janssen Pharmaceutica, it said. As per the deal, Janssen will transfer ongoing efforts on selected drug discovery targets to Jubilant, it added.
Motorola Xooms into Indian tablet market
After the launch of PlayBook and Flyer this month, Motorola Mobility India has entered the burgeoning tablet space in India with the introduction of its Xoom device, priced at R32,990 onward. A tablet PC, though smaller in size, has PC-like functionalities. The Xoom, based on an Android platform, has a 10.1-inch HD display, 1-GHz dual-core processor, a five-megapixel (MP) rear-facing camera and a 2-MP front-facing camera. The device is available in two variants Wi-Fi (R32,990) and 3G (R39,990).
CSS Corp CEO Nick Sharma to step down by month end
United States-headquartered information and technology company CSS Corp on Tuesday said its global CEO, Nick Sharma, will step down by this month end. Nick Sharma, the preceding CEO, will be moving on to pursue his interests outside CSS Corp, it said. Sharma would be replaced by TG Ramesh as global CEO with effect from July 1, a company statement said.
Nalco to decide stake buy in Indonesian mine in July
National Aluminium Company on Tuesday said it will decide on buying stake in an Indonesian coal mine by July-end after going through the due diligence report. IFCI will submit the due diligence by the first week of July. After going through the report, we will take our call on buying stake in the mine. This might be by July-end, Nalco's acting chairman B L Bagra said. Getting coal access is the key for Nalcos proposed $3.9 billion aluminium smelter project in Indonesia. It plans to set up a 0.5 mtpa smelter and 1,250 mw coal-based captive power plant at East Kalimantan province in Indonesia.
Mahindra Navistar to ramp up domestic ops
Mahindra Navistar Automotives, a JV between Mahindra & Mahindra group and US-based Navistar on Tuesday said it would expand its domestic footprint over the next 3-4 years. The company proposed to expand its dealership network from the existing 35 to 100 outlets over the next two years to push sales of its newly launched GPS fitted heavy commercial vehicle range being manufactured at Chakan near Pune.