India Digest: Kellogg, Reckitt eye Horlicks; Greenko-Orange deal in soup; Paytm-Alibaba pact

India Digest: Kellogg, Reckitt eye Horlicks; Greenko-Orange deal in soup; Paytm-Alibaba pact

Photo: Bloomberg

Breakfast cereal maker Kellogg and UK healthcare giant Reckitt Benckiser Plc have emerged as new contenders to buy GlaxoSmithKline’s brand Horlicks while Greenko’s $1-billion acquisition of the wind and solar energy assets of Orange Renewables has hit a roadblock. Separately, Paytm has partnered with Chinese e-commerce giant Alibaba to launch artificial intelligence-based cloud computing platform.

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