Companies
Tata Sons in talks to buy out AirAsia India stake at steep discount
Tata Sons will likely tie up with other financial investors to acquire AirAsia’s 49% stake in the venture
DHL to lay off 2200 UK workers at Jaguar Land Rover factories
DHL indicated that half of the job cuts are due to a decline in car production and half are the result of anticipated “efficeincy savings”
Pressure mounts on Johnson & Johnson to halt sales of baby powder globally
Johnson & Johnson said in May it would stop sales in the US and Canada, saying demand had fallen in wake of what it called “misinformation”
India, US to initiate clinical trials for Ayurvedic formulations against COVID-19
According to the ambassador, there are at least three ongoing collaborations between Indian vaccine companies with US-based institutions
Gilead starts testing inhaled version of remdesivir for COVID-19
Gilead also plans to start additional clinical trials to evaluate remdesivir when used in combination with anti-inflammatory medicines
Court grants relief to Hindustan Unilever over 'Glow & Handsome' trademark
The company said its skin cream for men will be called ‘Glow & Handsome’, but Emami launched ‘Glow & Handsome’ digitally one week before
Mylan Pharma to launch remdesivir in India at Rs 4,800 per 100 mg vial
The drug will be launched under the brand name Desrem in India and will be available to patients later this month
Infosys brings back 200 stranded employees, families from US
The company brought these people back from San Francisco via a special chartered flight that landed in Bengaluru
Vizag gas leak: Negligence led to LG Polymers gas leak, says government
The government said there had been a lack of adherence to safety protocols and timely emergency response measures at the plant
Chipmaker SMIC plans biggest China’s IPO in a decade
SMIC is China’s biggest contract manufacturer of chipsets and a key component of Beijing’s plans to achieve semiconductor self-reliance.