Global Dupont

SRF is into manufacturing of chemical-based industrial intermediates, while DuPont is a global group primarily focused on agriculture and nutrition, advanced materials and bio-based industrials.

All three major US indices extended losses on Friday, falling more than 1.5 per cent, and were on track for their worst weekly performance in a month as growing oversupply concerns dragged down crude oil prices to their 7-year lows.

Mylan shares rose 8.85 per cent to end at $74.07 after Israeli drugmaker Teva made an unsolicited offer of $82 per share, in what could be the drug industry's largest takeover this year. Teva rose 1.37 per cent. The Nasdaq Biotech index ended up 1.87 per cent.

Singapore's central bank eased monetary policy unexpectedly before its scheduled review in April. It joins a growing list of central banks from Denmark and Canada to Turkey and India that have made similar moves in what is shaping up as a global currency war.

All told, the resurgent US currency could shave up to $12 billion off US companies' fourth-quarter 2014 revenue alone, according to currency expert Wolfgang Koester, chief executive of FireApps, a data analytics company in Phoenix, Arizona, that examines quarterly reports for currency-related losses.

Shares in SRF gained 8 per cent after the company said that it has acquired Global DuPont's Dymel brand, which is the pharma business of the company for a consideration of $20 million.

SRF in a filing to exchanges has informed that it has signed a definitive agreement with DuPont De Nemours and Company, USA to acquire their 'Dymel' brand to receive the technology and knowhow for setting up its own 'current good manufacturing practices' facility for manufacturing HFC 134a Pharma grade.

US stocks rose on Wednesday, ahead of a key statement by the Federal Reserve which is expected to provide clues on the next monetary policy move by the US central bank.

Four Indians led by ICICI Bank CEO Chanda Kochhar have made to Fortune magazine's global list of top-50 women business leaders, while PepsiCo chief Indra Nooyi has been ranked second in a similar list for the US.

Wall Street would normally be set for a technical rebound after a drop of more than 2 per cent, the worst weekly decline so far this year. But that could easily change by the time the iPhone maker reports its earnings, which are due on Tuesday after the closing bell.

Bank and commodity shares led the benchmark Standard & Poor's 500 Index to a fresh five-year closing high on Tuesday on hopes that the global economy continues to mend.

SRF is into manufacturing of chemical-based industrial intermediates, while DuPont is a global group primarily focused on agriculture and nutrition, advanced materials and bio-based industrials.

All three major US indices extended losses on Friday, falling more than 1.5 per cent, and were on track for their worst weekly performance in a month as growing oversupply concerns dragged down crude oil prices to their 7-year lows.

Mylan shares rose 8.85 per cent to end at $74.07 after Israeli drugmaker Teva made an unsolicited offer of $82 per share, in what could be the drug industry's largest takeover this year. Teva rose 1.37 per cent. The Nasdaq Biotech index ended up 1.87 per cent.

Singapore's central bank eased monetary policy unexpectedly before its scheduled review in April. It joins a growing list of central banks from Denmark and Canada to Turkey and India that have made similar moves in what is shaping up as a global currency war.

All told, the resurgent US currency could shave up to $12 billion off US companies' fourth-quarter 2014 revenue alone, according to currency expert Wolfgang Koester, chief executive of FireApps, a data analytics company in Phoenix, Arizona, that examines quarterly reports for currency-related losses.

Shares in SRF gained 8 per cent after the company said that it has acquired Global DuPont's Dymel brand, which is the pharma business of the company for a consideration of $20 million.

SRF in a filing to exchanges has informed that it has signed a definitive agreement with DuPont De Nemours and Company, USA to acquire their 'Dymel' brand to receive the technology and knowhow for setting up its own 'current good manufacturing practices' facility for manufacturing HFC 134a Pharma grade.

US stocks rose on Wednesday, ahead of a key statement by the Federal Reserve which is expected to provide clues on the next monetary policy move by the US central bank.

Four Indians led by ICICI Bank CEO Chanda Kochhar have made to Fortune magazine's global list of top-50 women business leaders, while PepsiCo chief Indra Nooyi has been ranked second in a similar list for the US.

Wall Street would normally be set for a technical rebound after a drop of more than 2 per cent, the worst weekly decline so far this year. But that could easily change by the time the iPhone maker reports its earnings, which are due on Tuesday after the closing bell.

Bank and commodity shares led the benchmark Standard & Poor's 500 Index to a fresh five-year closing high on Tuesday on hopes that the global economy continues to mend.