Author: Vitaliy Dadalyan

France signs deals worth $16 billion in India; to deepen defence, security ties

France signs deals worth $16 billion in India; to deepen defence, security ties

PARIS/NEW DELHI (Reuters) - French and Indian companies signed contracts worth 13 billion euros ($16 billion) on the first day of President Emmanuel Macron's visit to India on Saturday, the French presidency said in a statement. The deals include a contract for France's Safran to supply airline Spice Jet with engines, water system modernisation by Suez in the southern city of Davangere and a contract between industrial gas company Air Liquide and Sterlite. Macron and Indian Prime Minister Narendra Modi – addressing a news conference in New Delhi after signing the agreements – also committed to strengthening their partnership on defence and security.


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Reckitt CEO stands by Mead Johnson deal, despite Pfizer option

Reckitt Benckiser has no regrets about its $17 billion (12.3 billion pounds) acquisition of Mead Johnson last year, its chief executive said, even though there are concerns it may now be too stretched to buy Pfizer's coveted consumer health business. The Pfizer business, which is currently on the block, would fulfil Reckitt CEO Rakesh Kapoor's long-stated plan to transform Reckitt from a British maker of household cleaning products into a global leader in consumer healthcare.


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