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Biocon to make Biocon Biologics a wholly owned subsidiary in $5.5 bn deal

Biocon Biologics Chief Executive Shreehas Tambe will become CEO and managing director of the combined entity post-integration

ICICI Prudential AMC to launch IPO on Dec 12 as Prudential sells 10% stake

Prudential will sell up to 49 million shares in the IPO, compared with an earlier plan of 17.7 million shares, ICICI Prudential said in a filing late on Friday

India cautions lenders on financing new solar module units amid oversupply

Several Indian companies have expanded solar module capacity over the past three years, targeting exports to the United States

US advisers scrap hepatitis B vaccine recommendation for most children

For infants of mothers who test negative, the panel recommended that parents, in consultation with a healthcare provider, should decide when or if their child will begin the vaccine series

New York Times sues Perplexity AI for 'illegal' copying of content

The Times also claimed that the startup's generative AI products created fabricated content

Apple, Google issue fresh global alerts over state-backed cyber threats

Apple and the Alphabet-owned Google are two of several tech companies that regularly issue warnings to users when they determine they may have been targeted by state-backed hackers

Netflix in exclusive talks to buy Warner Bros Discovery assets at $28/share

Netflix is aggressively diversifying beyond its core subscription model to drive new revenue streams

Healthify seeks more weight-loss drug partnerships after Novo Nordisk deal

The deal marks Healthify's first such partnership with a drugmaker, and it hopes similar agreements will boost its paid subscriber base

IOC, BPCL buy sanctions-free Russian oil for January amid wider discounts

India's top refiner, IOC, has also bought some cargoes of Russian oil for January loading, they said

World food prices drop for third month in November, says UN's FAO

Global food prices fell for a third straight month in November, driven by declines in sugar, dairy and oil - though cereals bucked the trend with a modest rise

Amazon pays Italy 180 mn euros to end tax fraud, labour practices probe

In July 2024 the group's logistics services unit was accused of circumventing labour and tax laws

Centre wants greater phone-location surveillance, top phonemakers protest

A measure to track device-level location has no precedent anywhere else in the world, lobbying group India Cellular & Electronics Association (ICEA), which represents both Apple and Google said

Adani, Hindalco eye investments in Peru's copper sector as demand surges

India, the world's second-biggest importer of refined copper, may have to source 91 per cent-97 per cent of its copper concentrate requirements from overseas by 2047

Putin questions US pressure on India over Russian oil purchases

Putin's first visit to India in four years aims to increase sales of Russian oil, missile systems and fighter jets and widen business links beyond energy and defence equipment

IndiGo assures DGCA of full operations by Feb 10 after flight disruptions

On Thursday, 73 flights were cancelled at Bengaluru airport, its spokesperson said. Around 30 were cancelled in Delhi, and 68 in Hyderabad, and 85 IndiGo flight cancellations were planned for Mumbai

German, French leaders wary of US push for Russia-Ukraine peace: Report

In the call that took place on Monday, Germany's Friedrich Merz warned Zelenskiy that U.S. negotiators are "playing games" and that he should be "very careful" over the next few days, Spiegel said

Meta to cut 30% of Metaverse budget as layoffs loom in 2026: Report

CEO Mark Zuckerberg has heavily bet on the augmented-reality unit, with the company changing its name to Meta from Facebook in 2021. The unit has burned more than $60 billion since 2020

Russia's Gazprombank, Alfa Bank seek RBI approval to set up India branches

US President Donald Trump has piled pressure on New Delhi over its ties with Moscow as India and Russia aim for bilateral trade of $100 billion by 2030, from $69 billion currently

British American Tobacco plans to offload stake in India's ITC Hotels

Dec 4 (Reuters) - British American Tobacco is looking to offload its stake in India's ITC Hotels, it said on Thursday, through an accelerated bookbuild process

IndusInd Bank denies report of talks to bring in strategic partner

IndusInd expects to grow in line with the country's banking sector next year, its chief executive said last month, following efforts to clean up its books