Ahmedabad-based drugmaker Torrent Pharmaceuticals is set to acquire a controlling stake in JB Chemicals and Pharmaceuticals from global investment firm KKR. The acquisition would be followed by a merger between the two entities. Read a 1-min summary of the news, only on FINMINATI. Find 1-min and 1-page news summaries on FINMINATI, where all the major news in business, finance and economy is explained simply and concisely in easy-to-understand articles.

The World Bank recently updated the International Poverty Lines to account for rising costs, adding 125 million people to the tally of extreme poor globally. Despite this, the poverty rate in India declined. Visit FINMINATI’s website to read more about the revision in International Poverty Lines, India’s latest poverty statistics and how India managed to reduce its Poverty Rate. FINMINATI is your go-to place for the latest news in business and finance.