Crompton Greaves to sell stake in consumer products division to Advent, Temasek
Mumbai: Avantha Group has sold its 35 per cent stake in Crompton Greaves’ consumer products division to private equity (PE) firms Advent International and Temasek for Rs 2,000 crore (US$ 314.14 million).
Indian biotech firm Stempeutics Research gets China Patent for its novel stem cell drug
Bengaluru: Stempeutics Research has been granted a process patent for its stem-cell based drug Stempeucel by the State Intellectual Property Office of the People’s Republic of China. Stempeutics has become the first company in the world to be granted a patent by the Chinese patent office.
Infosys acquires m-commerce platform for $120 million
Bengaluru/ Chennai: Infosys has acquired US-based digital experience provider Kallidus for US$ 120 million.
