Sectors
Honda recalls 442,997 vehicles in Japan; 2.2 million cars in US
Honda said it recalled a total of 442,997 vehicles in Japan. The automaker will also recall 2.2 million cars in the US.
Medicxi Ventures, A Spin-off Biotechnology Investment Firm Of Index Ventures Emerges As Largest Of Its Kind In Europe
Index Ventures, known for funding Skype, Dropbox and Candy Crush Saga online game is starting a new biotech venture capital firm named Medicxi Ventures. GlaxoSmithKline Plc. and Johnson & Johnson have funded $230 million to Medicxi Ventrue and would reportedly contribute 25 percent of the investment.
Reliance Infrastructure Ltd Sells Its Cement Business To Birla Corporation for Rs. 4,800 Crore
Reliance Infrastructure Ltd has sold Reliance Cement Company Pvt. Ltd to Birla Corporation for Rs. 4,800 crore. Anil Ambani's Reliance has made this decision to cut down the debts the company has accumulated over the years that range between Rs 20,000 and 25,000 crore.
Weatherford International Plc Lays-Off 6,000 Workers Due To Plunging Oil Prices
Weatherford International Plc lays-off 6,000 workers due to plunging oil prices. The company believes diminishing supply would influence the oil prices for good.




