Brand

Brand

JLR leads hike in Indian demand for luxury car brands

The rising popularity of Tata Motors-owned Jaguar Land Rover (JLR) models led to an impressive 15.8 per cent increase in the UK's car exports to India in 2016, according to the latest UK automotive industry figures released in London on Thursday.
India is now the eighth largest Asian market for UK car exports with JLR's Land Rover Discovery Sport, Ranger Rover Evoque, Jaguar XF, Jaguar XE and Jaguar F-Pace among the top five most popular models.

Johnson & Johnson to buy Actelion for $30b

US healthcare giant Johnson & Johnson will buy Swiss bio-tech company Actelion in a $30 billion all-cash deal that includes spinning off Actelion's research and development pipeline, the co-mpanies said on Thursday.
The acquisition gives J&J access to the Swiss group's line-up of high-price, high-margin medicines for rare diseases, helping it diversify its drug portfolio as its biggest product, Remicade for arthritis, faces cheaper competition. The offer to pay $280 per share, following weeks of exclusive talks, was unanimously approved by the boards of directors of both companies.

Microsoft to invest over $1b a year on cyber security

US software firm Microsoft Corp will continue to invest over $1 billion annually on cyber security research and development in the coming years, a senior executive said.
This amount does not include acquisitions Microsoft may make in the sector, Bharat Shah, Microsoft vice president of security, told Reuters on the sidelines of the firm's BlueHat cyber security conference in Tel Aviv.
"As more and more people use cloud, that spending has to go up," Shah said.

Anmol Biscuits to set up new plant in Bhubaneswar

Anmol Biscuits Pvt Limited, the Kolkata-headquartered fourth largest biscuits maker in the country after Britannia, Parle and ITC, is shelling out over Rs 100 crore to put up a new plant in Bhubaneswar and another Rs 5 crore to set up a rusk-making unit at Sambalpur, also in Odisha. Once these two new units are commercially commissioned in April, this year, the company will enter the southern Indian markets, starting with Andhra Pradesh and Telengana, Gobind Ram Choudhary, managing director, Anmol Biscuits Pvt Ltd, said.

Charting the road to recovery after pain of demonetisation

The FY2018 Union budget will demonstrate the government’s commitment to a simple and stable taxation system. We expect the government to reduce both corporate and individual income tax rates and align indirect taxes in certain cases to the purported GST rates. We estimate FY2018 fiscal deficit at 3.3 per cent of GDP but this will largely depend on the interplay between the potential positives, that is additional taxes, and negatives, that is additional spending to support consumption of the government’s demonetisation exercise.

Taxation: A new chapter

OYO’s on expansion spree; launches Townhouse

It seems Ritesh Agarwal, founder and CEO of OYO, is on an expansion spree and has several plans for 2017 on his wishlist, including innovation-led customer services for better experiences. More so, he just could not wait much to cherish all of these at once.
Just two weeks after revealing his plans to expand company’s footprints in South Asia and South East Asia, along with strengthening its service by introducing a concierge service called OYO Captains, Ritesh on Tuesday floated another and launched a new brand category – OYO Townhouse.

Pharma stocks come under selling pressure as worries mount over Trump plans

Pharma stocks continued to face selling pressure as investors worried over the impact of the Trump administration’s plans to curb drug prices in the US offloaded the stocks.
Most of the top pharma stocks fell by 1-4 per cent even on a day when broader market saw buying interest. The BSE Heathcare index was down more than half a per cent, though the bellwether BSE Sensex was up 87 points.

Samsung blames irregularly designed batteries for Note 7 fires

It was the battery, after all. In a presentation and news conference on Monday that lasted more than two hours, Samsung Electronics Co detailed the results of its investigation into Note 7 smartphones that overheated and burst into flames last year. There were few surprises. While the company cited flaws in battery manufacturing and design for the fiasco, it took full legal responsibility and vowed never to let it happen again.

Cartier tones down the glitz in Geneva

Cartier’s exhibit at Geneva’s luxury watch show is usually packed with lavish, gem-encrusted timepieces costing $100,000 or more. This year, most of the display cases in the 170-year-old jewelry maker’s main hall were filled with variations of one single model: the Panthere, which will go on sale in June for as little as $4,000.

Ex-Angry Birds team helps kids learn particle physics

The problem with most educational video games is that fun takes a back seat to education. Games such as Math Blaster and Number Munchers are little more than glorified quizzes, and it’s no wonder kids would rather play Candy Crush or Angry Birds, says Lauri Järvilehto. Ideally, he says, the educational component should be “invisible”—kids should learn without realising it.

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