Owens & Minor Acquires Halyard’s India Surgical Business

Alpharetta, GA-based Halyard Health will divest its India subsidiary surgical business to Virginia-based Owens & Minor for $710 million — a transaction that confirms investor appetite and growing opportunities in India’s healthcare sector. The sale gives Halyard a singular focus on its medical devices business. The company said it would benefit from “a more simplified […]

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February 16, 2018   No Comments

India Simplifies Licensing for Medical Device Manufacturing

Per India’s Medical Device Rules, 2017 that came into effect in January this year, new licenses awarded for manufacturing and import of medical devices will not need periodical renewal and will remain valid until they are either suspended, cancelled, or surrendered. The licensee will need to pay a retention fee once every five years for the license […]

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February 15, 2018   No Comments

Amazon India May Launch In-House Beauty Products

Amazon India has increased focus on the high margin cosmetics category and might be in talks with local manufacturers to launch Amazon branded personal care products in India, according to a report in the Economic Times, which has been widely re-circulated by others. India’s online beauty and personal care market is expected to cross $3.5 […]

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February 14, 2018   No Comments

Ford becomes India’s largest Car Exporter

Ford, Nissan, and Volkswagen ship more of their India-manufactured cars to overseas markets than what they sell within India. Michigan-based Ford has two manufacturing units in the country: at Chennai in the southern state of Tamil Nadu and at Sanand in India’s western state of Gujarat. It has overtaken Korea’s Hyundai in Fiscal Year 2018 […]

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February 12, 2018   No Comments

U.S., India, China Step-Up Moon Exploration

NASA scientists have plans to visit the Earth-Moon Lagrangian point, or EML-2, about 37,000 miles above the far side of the Moon, where the gravitational pull of two separate bodies creates “parking places” or stable areas to land orbiting spacecraft. There is no clear timeline to this plan yet. China plans to land on the […]

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February 12, 2018   No Comments