BRIEF-Rocket Internet to sell its remaining 8.8% stake in Lazada to Alibaba for $276 mln
* DGAP-NEWS: ROCKET INTERNET SE: ROCKET INTERNET TO SELL ITS REMAINING 8.8% STAKE IN LAZADA TO ALIBABA
MUMBAI, Jan 22 Indian shares snapped a three-day winning streak on Tuesday after Hindustan Unilever earnings disappointed on volume growth and as Cairn India fell after a Kotak report said management had indicated a slower ramp-up in production from its Rajasthan block. Hindustan Unilever shares ended 6.45 percent lower and Cairn India ended 2.4 percent down. The BSE index provisionally fell 0.69 percent, and the 50-share NSE index dropped 0.56 percent. (Reporting by Manoj Dharra; Editing by Jijo Jacob)
AMSTERDAM, June 28 Dutch healthcare company Philips has agreed to buy U.S.-based Spectranetics Corp , a maker of devices to treat heart disease, for 1.9 billion euros ($2.16 billion) including debt, as it expands its image-guided therapy business.