Corporates

IL&FS has invited Expression of Interest proposals for sale of stakes in IL&FS Education & Technology Services Limited, along with other subsidiaries.

Johnson & Johnson said on Wednesday that drug authorities visited some of its facilities and took "tests and samples" of its talcum powder. J&J also said that the safety of its cosmetic talc was based on a long history of safe use and decades of research and clinical evidence by independent researchers and scientific review boards across the world.

Nilanjan Roy will take over charge from Jayesh Sanghrajka, who was appointed as interim finance head in November.

Swiggy said it will use the funds to bring more quality food brands closer to consumers and address gaps in supply through delivery-only kitchens.

Mahesh Narayanan will assume his new responsibilities from January 7, 2019, said LinkedIn which has over 59 crore members globally and more than 5.3 crore members in India.

The flash sale for JioPhone 2 will begin at 12:00 pm on Thursday, the private sector telecom company said. JioPhone 2 will be available at Rs. 2,999 under the flash sale, said Reliance Jio. JioPhone 2 is an upgraded version of Reliance Jio's existing feature phone called JioPhone. Reliance Jio has launched similar flash sales on several occasions in the recent past.

The move to float the unit is part of a government push to sell state assets to raise funds.

Johnson & Johnson added that the safety of its cosmetic talc was based on a long history of safe use and decades of research and clinical evidence.

Maruti Suzuki's sales in November fell 0.7 per cent, while exports plunged over 19 per cent in the month.

GSK and Pfizer would combine their consumer health businesses in a joint venture with sales of 9.8 billion pounds ($12.7 billion), 68 per cent-owned by the British company, in an all-equity transaction.

Boeing expects India to become the third-largest commercial aviation market by the early 2020s. High oil prices, hefty fuel taxes and a weak rupee have hurt airlines' profitability this year, although pressure is starting to ease as oil prices fall and the currency firms.

J&J India did not have any immediate comment on the reports of sample seizures by the authorities. On Tuesday, the company said in a statement that the Reuters article, which was published on Friday, "is one-sided, false and inflammatory".

A team of 100 drug inspectors has been assigned to examine different manufacturing facilities, wholesalers and distributors, says report.

Shares in Japanese telecoms giant SoftBank's mobile unit traded well below its IPO price on Wednesday in a disappointing debut on the Tokyo stock market despite raising a record amount.

Vogo, which provides services in Bengaluru and Hyderabad, will use the money to expand its fleet by 1,00,000 scooters.