Kotak Special Situations Fund, managed by Kotak Investment Advisors, on Wednesday announced an investment of Rs 1,070 crore in Biocon. The proceeds will be used to finance Biocon Biologics’ acquisition of the biosimilars business of its partner Viatris to create a global vertically integrated biosimilars player. With the current investment in Biocon, the Kotak Special … Read more
A farmer, Vakkala Ramaiah Yadav, from Kaveti Nagepalli near Palasamudram in Sri Sathya Sai district attempted suicide by consuming pesticide at the Revenue Divisional Office in Penukonda on Monday after submitting his grievance application seeking compensation for the lands acquired for the National Academy of Customs, Indirect Taxes, and Narcotics (NACIN). This is the second … Read more
New York: Microsoft has closed on its approximately $16 billion acquisition of speech recognition company Nuance. The deal, which was announced last year, helps Microsoft get more entrenched into hospitals and the health care industry through Nuance’s widely used medical dictation and transcription tools. Nuance Communications Inc. has been a pioneer in voice-based artificial intelligence … Read more
Synopsis Although TikTok had a large subscriber base in India, pegged at 200 million, the value of the business is much below the threshold. The bulk of TikTok’s value is derived from its operations in the US. TikTok was recently valued at $30-50 billion, according to reports. New Delhi: Any acquisition by Microsoft of TikTok … Read more