Corporates

Mr Hogg has been replaced by Augustus Tang, a veteran of the Swire Group conglomerate, Cathay Pacific's main shareholder.

Over the coming decades, billions of dollars in wealth will be handed over to yet another generation in family-controlled businesses across Asia.

IICT Hyderabad: The deal is for patents related to certain compounds with potential therapeutic activity across multiple indications in Sun Pharma's specialty focus areas, the Mumbai-based pharmaceuticals company said on Wednesday.

Rules require WhatsApp to submit a third-party auditor report that all data involved in payments will be only stored on servers in India.

In addition, RIL has announced it will sell a 49 per cent stake in its fuel marketing business in India to BP plc for $1 billion.

The company said that the measure has helped reduce its wage bill by nearly 47 per cent.

Coffee Day said it entered a non-binding letter of intent with US-based private equity firm Blackstone for the sale.

The new company will be named ViacomCBS Inc, although CBS shareholders will own 61 per cent and Viacom shareholders will own 39 per cent.

The law firm had earlier alleged that Indiabulls was involved in misappropriation of public money to the tune of Rs 98,000 crore.

Bosch, the latest firm to flag weak conditions in the Indian auto market, said its automotive sales dived 17.5 per cent in the June quarter.

The deal values Reliance Industries' oil-to-chemical business at $75 billion, an approximate amount of Rs 5.3 lakh crore.

The company will also start preparing to list its retail and telecommunications units within five years, billionaire Mukesh Ambani said.

The company will also start preparing to list its retail and telecommunications units within five years, Mr Ambani said.

Etihad Airways, which already owns a minority stake in Jet, said it was not interested in reinvesting in the airline.

Reliance Industries chairman and managing director Mukesh Ambani said on Monday that Saudi Aramco will buy a 20 per cent stake in his group's oil-to-chemical business. The deal values Reliance Industries' oil-to-chemical business at $75 billion and the Saudi oil major Aramco will pay $15 billion for the 20 per cent stake in the company. "This would be the biggest foreign investment in the history of the company," said Mr Ambani, addressing shareholders at Reliance Industries' 42nd annual general meeting held at Birla Matushree Sabhagar in Mumbai.