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GSK sells $3.4 billion Hindustan Unilever stake in largest India block trade

GSK sells $3.4 billion Hindustan Unilever stake in largest India block trade

By , The transaction GSK announced on Thursday comes as it pursues a two-year programme to split into two entities after it made costly bets on experimental cancer treatments and future cell and gene therapies amid sluggish revenue growth.The 133.77 million shares were offloaded on average for 1,905 rupees, according to a statement from GlaxoSmithKline.Potential investors were earlier told the shares would be sold in a range of 1,850 to 1,950 rupees, which was a 3%-8%discount to Wednesday’s closing price of 2,010.20 rupees.In the statement, GSK said it would now receive net proceeds of 2.9...

May 7, 2020
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Exclusive: Stay off Zoom and Google Hangouts, Standard Chartered chief tells staff

Exclusive: Stay off Zoom and Google Hangouts, Standard Chartered chief tells staff

By , A Standard Chartered spokeswoman declined to comment on a Reuters query on the memo. She said cybersecurity remains a top priority and that staff can use several authorized tools for audio and video conferencing.The London-based bank is the latest entity to distance itself from Zoom after interlopers exposed security flaws by bursting into strangers’ video chats in the nude, inserting lewd images into presentations, or hurling racial slurs at participants.These “Zoombombing” incidents have rattled all kinds of users, as hoards of business people, students, families and friends flocked...

April 15, 2020
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