Ranbaxy family sells stake to Daiichi

This surely has to be the most closely guarded and shocking news in the industry this year. The Singhs have really stuck gold with this deal. A lot of the money generated out this deal will be pumped into Fortis Healthcare and Religare Financial Services. Only time will tell if Malvinder Singh has pulled off…

India business updates

TCS wins $1.2 billion AC Nielsen deal In the largest outsourcing deal involving an Indian tech services firm, Tata Consultancy Services Ltd or TCS, Asia’s largest software company, has been contracted for 10 years by information and audience measurement major AC Nielsen Co. to manage its networks, finance and human resource functions. TCS will receive…