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| Citigroup
to acquire Wachovia's banking operations |
 In
yet another fallout of the ongoing financial crisis, US banking giant
Citigroup is buying the banking operations of Wachovia Corp. in a
deal facilitated by the US government, the Federal Deposit Insurance
Corp. Citigroup, headed by India-born Vikram Pandit, agreed to acquire
Wachovia's banking operations for $2.1 billion in stock and will assume
another $53 billion in Wachovia's debt. 
read
more |
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| Ranbaxy
hires former NYC mayor Giuliani for advice |
 Ranbaxy
Laboratories said it had retained the services of former New York
City mayor Rudy Giuliani to extend advice on the US regulator's decision
to ban some 30 medicines produced at its two Indian plants. Giuliani
and his firm Giuliani Partners will advice and review the compliance
issues related to the recent United States FDA letters and import
advisory.
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| Ranbaxy
shares dip as US blocks import of its 30 drugs |
 Ranbaxy
Laboratories Wednesday said it regretted the US regulator banning
the import of more than 30 of its generic medicines. The US Food and
Drug Administration (FDA) said Tuesday it was blocking the sale of
some of Ranbaxy's drugs including the antibiotic Cipro and cholesterol
pill Zocor, in view of manufacturing deficiencies at two India units.
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| USA/CANADA
BUSINESS NEWS 2008 |
|
Citigroup
to acquire Wachovia's banking operations (09/08)
Ranbaxy
hires former NYC mayor Giuliani for advice (09/08)
Four Indian-origin
men on Forbes' richest Americans list (09/08)
Ratan Tata
joins US nanotech firm's advisory board (09/08)
Ranbaxy shares
dip as US blocks import of its 30 drugs (09/08)
Lakshmi Mittal
wins Forbes Lifetime Achievement Award (09/08)
Canada to focus
on free trade pact with India (09/08)
Indian origin woman
among Next Gen billionaires (08/08)
Two young Indian
CEOs make $15.7 mn between them (08/08)
Adverse US impact on
Indian outsourcing not for long: Amartya Sen
Ranbaxy
expects US drug office to drop motion next month (07/08)
Nooyi is top earning
woman CEO: Forbes (07/08)
US government
accuses Ranbaxy of forgery, data fraud
Indian firms,
Clinton Foundation sign deal on malaria drugs (07/08)
Tata Steel debuts
on Fortune 500 list, ranks 315 (07/08)
Indian Company Allied
Digital acquires US firm for $30mn (07/08)
Lakshmi Mittal
joins Goldman Sachs' board (06/08)
Indian origin man
given key role in Yahoo! restructuring (06/08)
India ranks
low among best countries for business: Forbes (06/08)
Chevron blamed
for destroying natural forest in Bangladesh (06/08)
Citi to close hedge
fund founded by Pandit (06/08)
Nooyi's pay package
at Pepsi: over $14 mn (03/08)
Indian dock
workers in US allege surveillance (03/08)
Netjets enters Indian
market (03/08)
H-1B professional visas
creating jobs in US: study (03/08)
Global Indian award
for Sam Pitroda (03/08)
Man behind Bose audio
systems in Inventors' Hall of Fame (03/08)
Indian dock
workers protest in US; embassy sends probe team (03/08)
Four Indians
in Forbes list of 10 richest in world (03/08)
Online travel major
launches Indian site (03/08)
India,
US to double trade to $60 bn by 2008 end (03/08)
Yahoo! to develop next-generation
products from India lab (03/08)
US slowdown offers opportunity
to Indian IT industry (03/08)
Ramco to offer web-based
software services to US customers (03/08)
'Indian Story'
in Chicago to highlight Indian firms in US (02/08)
Air India
to add further capacity to USA (02/08)
India-US forum
to focus on trade, investment expansion (01/08)
Digital Liberty
Group takes over Kochi-based IT firm (01/08)
US firms keen to
explore oil and gas in India (01/08)
14 Indians feature
in Forbes' top dealmakers list (01/08)
PepsiCo's
Nooyi to head Indo-US trade council (01/08)
Satyam acquires US-based
consulting firm (01/08)
Indian firms also
create jobs in America: US official (01/08)
Adobe Appoints
Shantanu Narayen CEO (01/08)
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