Tuesday, Nov 24 2020 | Time 23:57 Hrs(IST)
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  • PM to address concluding session of 80th All India Presiding Officers Conference on Nov 26
  • Haryana govt takes precautionary measures in view of farmers' Delhi Chalo march
  • Appointments of dependents of Anganwadi workers on compassionate ground relaxed:Min
  • HC rap to Punjab govt over sale of illicit liquor exposed Captain: Meet Hayer
  • NDRF prepared to tackle cyclone NIVAR
  • UP govt changes reservation policy in state run colleges, universities
  • Resumption of trains will boost Punjab’s economy: Ludhiana Industrialists
  • Karnataka records 1,870 COVID-19 cases, 17 deaths
  • Katra-Delhi Express Corridor to be completed by 2023: Jitendra
  • Kerala Govt moves SC against Adani Enterprises
  • J&K DGP asks cops to expose elements involved in drug trade, border crimes
  • Army Commanders brief J&K LG on security scenario
  • COVID: J&K reports fresh 431 +ve cases, 10 deaths
  • Delhi: 6224 infected by COVID-19, 109 die in past one day
  • Gupkar Alliance partners looted J&K for seven decades: Anurag Thakur
Business Economy


Biocon Q2FY21 Revenue at Rs 1,760 Cr, up 10 pc

Biocon Q2FY21 Revenue at Rs 1,760 Cr, up 10 pc

Bengaluru, Oct 22 (UNI) Biocon Ltd, an innovation-led global biopharmaceuticals company on Friday announced its consolidated financial results for the fiscal second quarter ended September 30, 2020.

Commenting on the results, Kiran Mazumdar-Shaw, Executive Chairperson, Biocon, said, “Consolidated revenue for Q2FY21 increased 10 per cent to Rs 1,760 Crore driven by 11 pc growth in Biosimilars, 12 pc in Research Services and 8 pc in Generics, businesses. EBITDA for the quarter stood at Rs 407 Crore and Net Profit(before exceptional item & discontinuing operations)was at Rs 174 Crore. Our profitability was impacted on account of higher R&D expenses, staff costs, other expenses and forex losses. However, our Core EBITDA margins stood at a healthy 32 pc, indicating sound operational performance.”

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New Research reports freelance earnings returned to pre-COVID levels

24 Nov 2020 | 8:58 PM

Kolkata, Nov 24 (UNI) Flexing It, Asia’s largest platform for business consultants and highly
skilled flexible talent on-demand, reported that freelance earnings, which saw a decline at the
initial onset of the global pandemic, have increased in the third quarter of 2020 and returned
to pre-COVID levels.

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AIBEA opposes RBI's proposal to give Banking license to Corporate houses

24 Nov 2020 | 8:01 PM

Hyderabad, Nov 24 (UNI) All India Bank Employees' Association (AIBEA) tonight opposed the proposal of Reserve Bank of India (RBI) to give Banking license to Corporate houses and warned that it will unleash country-wide agitation and organize repeated strikes.

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Tomar inaugurates Mega Food Park in Punjab

24 Nov 2020 | 7:58 PM

New Delhi, Nov 24 (UNI) Union Minister for Food Processing Industries, Agriculture and Farmers Welfare, Rural Development and Panchayati Raj Narendra Singh Tomar on Tuesday virtually inaugurated the Sukhjit Mega Food Park at Phagwara in Kapurthala district of Punjab.

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Livinguard ropes in Sourav Ganguly as its brand ambassador

Livinguard ropes in Sourav Ganguly as its brand ambassador

24 Nov 2020 | 7:08 PM

New Delhi, Nov 24 (UNI) Livinguard AG, the Switzerland-based hygiene technology company, on Tuesday partnered with former Indian cricket team successful captain and present president of the BCCI Sourav Ganguly to be its brand ambassador for masks and gloves.

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ANMI kickstarts Investor Awareness Week-2020 under the aegis of SEBI

24 Nov 2020 | 6:23 PM

MUMBAI, India, Nov. 24, 2020 /PRNewswire/ -- Association of National Exchanges Members of India (ANMI), under the aegis of market regulator Securities and Exchange Board of India (SEBI) has organised the Investor Awareness Week-2020. The inaugural webinar held yesterday with the theme 'Investor Awareness: A key to Financial Well-being' had participants from Ministry of Finance (MoF), SEBI and top Indian and international exchanges.

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