Nokia Oyj is ready to pay at least 355 million euros ($487 million) to India’s tax authorities to enable the transfer of a factory in the country to Microsoft Corp., according to two people familiar with the matter.
Apotex Inc. defeated Sanofi, France’s biggest drugmaker, in an Australian patent dispute over the rheumatoid arthritis drugs Arava and Arabloc, with the country’s highest court ruling for the first time on the patentability of medical treatments for humans.
Aban Offshore Ltd., Asia’s third- most-indebted oil rig provider, will be able to obtain cheaper U.S. and European financing following the easing of some sanctions on Iran, the Indian company’s biggest market.
TTK Group, the Indian company that lost rights to make Durex condoms after a dispute triggered the exit of partner Reckitt Benckiser Group Plc a year ago, plans to triple exports of its own brand as it seeks to revive sales.
A unit of Mahindra & Mahindra Ltd., India’s biggest sports utility-vehicle maker, plans to almost triple solar capacity by adding plants in the state of Tamil Nadu where a power deficit is spurring clean-energy investment.