Allcargo picks up 65% stake in Swedish logistics firm

Mumbai

Allcargo Logistics, the country’s largest private logistics player, on Friday announced its second large overseas acquisition by snapping up 65% ownership in a $44 million joint venture it has just set up with the Swedish player Nordicon Group. PTI

New Delhi

Lupin buys Australia-based Southern Cross Pharma

Drug major Lupin on Friday said it will acquire Australia-based Southern Cross Pharma Pty Ltd (SCP). Generic Health, the Australian arm of Lupin, has entered into an agreement under which Lupin will acquire 100% stake in SCP, it said. PTI

New Delhi

Devyani International IPO to open on August 4

Devyani International, the largest franchisee of Pizza Hut, KFC and Costa Coffee in India, on Friday fixed a price band of Rs 86-90 a share for its Rs 1,838-crore initial share sale. The IPO will open for subscription on August 4 till August 6, it said. PTI

New Delhi

Sun Pharma posts Rs1,444 cr net profit in June quarter

Sun Pharmaceutical Industries on Friday reported a net profit of Rs 1,444.17 crore for the June 2021 quarter compared to a net loss of Rs 1,655.60 crore for the corresponding period previous fiscal. Revenue stood at Rs 9,718.74 crore for the quarter under consideration. PTI

New Delhi

CPI-IW for June rises 1.1 points to 121.7

The All-India Consumer Price Index for Industrial Workers (CPI-IW) for June increased by 1.1 points and stood at 121.7 points. PTI