Loknath Das, Author at Pinfaves

Biocon to scale up investments in small molecules business

January 28, 2020January 28, 2020 Loknath Das

Biocon Ltd plans to scale up investment in its small and complex drug molecules vertical over the coming years using proceeds from a proposed initial public offering of its biologics operations, said a senior company official. This will mark a shift in Biocon’s strategy as the company had tapped capital from its small molecules operations over the past decade to fund growth of its then-fledgling biologics business, Siddharth Mittal, chief executive and joint managing director of Biocon said in an interview. He said the firm plans to invest a part…

Madhya Pradesh claims major investment after CM’s Davos visit, BJP dubs it lip service

January 25, 2020January 25, 2020 Loknath DasAfter, BJP, Claims, CM’s, Davos, dubs, investment, It, Lip, Madhya, major, Pradesh, visit

Madhya Pradesh Chief Minister Kamal Nath during the Davos World Economic Forum State Session on Wednesday.(ANI) The Congress government in Madhya Pradesh has claimed it is expecting an investment of more than Rs 4000 crore after chief minister Kamal Nath’s meeting with some of the corporate leaders from around the world during his ongoing visit to Davos. A government spokesperson said Kamal Nath met various leading industrialists, including the chairperson of MKS Company Marwan Shakarchi and president and chief executive officer of Novo Nordisk, Lars Fruergaard Jorgensen, and several others…

National teachers union sues Education Secretary Betsy DeVos for repeal of student protections

January 24, 2020January 24, 2020 Loknath DasBetsy, DeVos, Education, for, national, of, repeal, Secretary, Student, sues, teachers, Union

The American Federation of Teachers filed a lawsuit Wednesday against the Education Department and Education Secretary Betsy DeVos for her repeal of Obama-era regulations designed to hold for-profit colleges and universities accountable to their students. The AFT accused DeVos of violating the law to repeal protections for students at for-profit colleges, and it argued that the regulations could save taxpayers over $5 billion on money going toward failing programs, according to the complaint. “The reason that we filed this lawsuit, the reason that the attorneys general throughout the country are doing this, is to…

China’s tech services are a top investment pick amid decoupling with the US, says CITIC Capital CEO

January 22, 2020January 22, 2020 Loknath Dasa, Amid, Are, Capital, China's, CITIC, decoupling, investment, pick, Says, Services, Tech, The, Top, US, With

Consumption, healthcare and technology are three sector picks for investing in China, said CITIC Capital’s top executive on Tuesday. “For us, the top priority … is still on consumption, because it’s still growing at a higher rate than GDP growth,” said Zhang Yichen, chairman and CEO at CITIC Capital, the flagship investment arm of Chinese state-owned conglomerate CITIC Group. China’s GDP growth was 6.1%, down from 6.6% in 2018 as the economy took a hit from its bitter trade war with the U.S. Speaking to CNBC at the World Economic Forum in Davos, Switzerland, Zhang said health care is…

My daughter died at 13 feeling worthless – social media played its part and now I want answers

January 21, 2020January 21, 2020 Loknath Das13, and, at, daughter, died, Feeling, I, Its, Media, My, Now, Part, played, Social, Want, worthless, –

Our family’s anguish and our search for answers led us to Molly’s social media accounts (Picture: Ian Russell) Two years ago, my family lost our beloved youngest daughter. In the early hours of Tuesday November 21, 2017, Molly took her own life, just days before her 15th birthday. Adored as a friend, sister, daughter and granddaughter, Molly had showed no obvious signs of mental anguish. Finding her lifeless body on what we thought was just an ordinary weekday morning left us not only confronted by the onslaught of raw grief,…

Investment in equity mutual funds drops 41% to Rs 75,000 crore in 2019

January 20, 2020January 20, 2020 Loknath Das000, 41, 75, Crore, Drops, equity, Funds, In, investment, Mutual, Rs., to

Investors pumped in nearly Rs 75,000 crore in equity-oriented mutual fund schemes in 2019, a sharp plunge of 41% from the preceding year, mainly hit by extreme market volatility amid slowing economic growth. Experts, however, are of the view that equity schemes will attract investor interest this year as the market is expected to perform well. “While volatility in the market may continue for some more time going forward, we believe investors will want to benefit from this volatility and use it to create and growth their wealth. As we…