Cadila Healthcare Ltd has acquired US-based specialty pharmaceutical company Sentynl Therapeutics Inc., engaged in marketing of products in the pain management segment, for an undisclosed amount. Sentynl, based in San Diego, California, specializes in launching unique products and revitalising marketed brands. We have always looked at opportunities that can add value to our operations and the acquisition of Sentynl opens up a new business avenue for us. The acquisition was solely funded by Bank of Tokyo-Mitsubishi UFJ, Cadila Healthcare said.
ICICI Lombard is a joint venture formed in 2001 between ICICI Bank, India's second largest bank, and Fairfax, which is led by Canadian billionaire Prem Watsa. ICICI may also look to sell a 10 percent stake in the unit at the same time, one source said. Fifteen months ago, ICICI Lombard was worth $2.5 billion, based on the value of a stake ICICI sold to Fairfax at the time.
General Motors has acquired a 9.2 per cent stake in JV SAIC General Motors while Indiabulls Real Estate has bought stake in IIPL even as Future Consumer has formed a JV with Hain Celestial. When the joint venture IIPL was formed, Mumbai-based developer Indiabulls Real Estate held 26 per cent stake in the venture. Indiabulls Real Estate's scrip last traded at Rs 81.15 each, down 3.05 per cent on BSE in a weak Mumbai market on Friday.
The funding round was led by a Peter Thiel fund, and according to an SEC filing, Thiel Capital Principal Phin Upham was involved in the deal. The new round bring's FLYR's total capital raised to $13 million. FLYR already has robust coverage of flights in and between the US and Europe. It will also use its funding to expand in other parts of the world, especially Latin America, the cofounders said.
The golden age of irrational exuberance on Kickstarter has ended - Pebble is shutting down, marking the fall of crowdfunding's white knight after a string of other high-profile closures and failures. Yes, crowdfunding has produced some inspiring success stories that have grown into innovative businesses, like Peak Design and Flow Hive. For a while, it looked to me like these runaway-creators may be getting away with blowing consumers' money on their behalf.
They are part of a bunch of entrepreneurs who had big dreams to revolutionise the Indian logistics sector but have retired hurt. The buzz which consumed techies, industry heirs and college friends to unite over a logistics startup in India is fading. 2016 marked a dry spell for startups, especially those related to offering tech solutions in logistics. A number of such startups failed because they did not take a full stack view of the Indian logistics sector.
Researchers have tasked them to create a new way to analyze and understand our microbiomes electronically. The system, created by researchers at the University of Washington, can reveal how much different bacterial species contribute to disease-associated functional imbalances in the microbiome. It integrates the two most common ways we currently assess the microbiome, the taxonomic approach and the functional approach. FishTaco computationally connects to two to assess what bacteria are doing what do which part of your body.
A new company named Sigma, founded by alumni of mobile app search engine Quixey, aims to take records and certifications currently trapped in the analog world and bring them online. The question that nagged Kagan and his friends was why, at this day and age, their certifications weren't available online. Orrin assembled a team, mostly made up of Quixey alums, and set to work building what would become the first version of Sigma.
Dry research reports on customer insights fail to capture the true human experience of a product - and design teams often ignore customer feedback when they do not directly mediate user relationships themselves. Meeting with early adopters and loyal users occasionally is invaluable, but customer engagement can, and should, go further. It's important to note that customer feedback shouldn't be limited to asking them what they think - in some cases, customers don't even know what they want until you show them.
New York City startup Slidejoy has been acquired by a South Korean competitor Buzzvil. The financial terms are not being disclosed, but Slidejoy co-founder and CEO Robert Seo told me that the deal involved both cash and stock. As a combined company, Buzzvil says it will deliver 4 billion ad impressions each month. Seo added that while some US consumers have been leery of lockscreen advertising, the model has had much more success in Asia.
The National Payments Corporation of India (NPCI) reversed its stance in the stand off between ICICI Bank and Flipkart backed PhonePe and ordered the App company to comply with the regulator's mandate of full interoperability on Unified Payments Interface. Simultaneously, ICICI Bank has been requested to allow UPI transactions from PhonePe App as soon as PhonePe and Flipkart start complying with the UPI guidelines on interoperability, said NPCI.
Promoting the state as a startup hub, West Bengal chief minister Mamata Banerjee said that her government is ready to provide all kind of support to the young entrepreneurs. We want to encourage startups but we must ensure the money does not reach only a select few. We want young entrepreneurs to come up and work for the betterment of the people, said Banerjee. Pointing out that there is a need of protection data, Banerjee said, There must be privacy in data bank.