Sun Pharma Terminates Pact With Daichi Sankyo Over Thailand Biz
Billionaire Dilip Shanghvi owned Sun Pharma announced termination of its agreement with Daiichi Sankyo after the later divests its stake in Ranbaxy. In an announcement to the stock exchange, Sun Pharma announced that it has entered into termination agreement with Daiichi and other entities on May 26, 2016.
The umbrella agreement is with respect to cross ownership in the subsidiaries of Daiichi and Ranbaxy in Thailand. While Daiichi arm focussed on branded products, Ranbaxy arm focussed on generic products. Subsequent to the merger Ranbaxy with Sun Pharma, Daiichi has divested it's stake in Ranbaxy.
The termination will not have any financial impact on Sun Pharma.
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Unhedged Position: Can India See An Indonesia-Style Time Correction?
The Nifty is trading below levels it first clocked in 2024. Is there, then, as I have suggested in the headline, potential that the current time correction drags on painfully for the next three-five, even ten years?
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Navigating Friction And Energy Realities: An Analysis Of Marco Rubio's October Visit To India
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India Exports Capital. Why Not Export Trusteeship?
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FOMC Wall, PERM Suspension, Hospital Stocks | Talking Points This Week
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India Is Going Abroad For Critical Minerals. But It May Take Years To Pay Off | The Reason Why
Although India's steps are in the right direction, they remain modest compared with India's growing dependence.
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When Everyone Has AI, What Gives You An Edge?
India's young workforce is entering an uncertain world of work where powerful AI tools are becoming widely accessible. The advantage will belong to those who combine deep expertise with digital fluency, and the distinctly human capabilities that technology cannot manufacture.
