Loknath Das, Author at Pinfaves

Lupin sells Japanese business Kyowa for enterprise value of Rs 3,702.4 crore

November 12, 2019November 12, 2019 Loknath Das3, 702.4, business, enterprise, for, Japanese, Kyowa, Lupin, of, Rs., sells, ‘value’

Lupin, India’s third-largest drugmaker on November 11 said it has entered into a definitive agreement for the sale of its entire stake in its Japanese subsidiary Kyowa Pharmaceutical Industry Co to Japan-based private equity firm Unison for an enterprise value of Rs 3,702.4 crore. Lupin will get net proceeds of $300 million from the sale, which will be used to pare debt and invest in core markets of the US and India. Under the terms of the agreement, Lupin’s subsidiary Nanomi B.V. will divest its entire stake (99.82 percent) in…

LinkedIn launches ‘Open for Business’ globally for small businesses, freelancers

November 11, 2019November 11, 2019 Loknath Dasbusiness, Businesses, for, Globally:, Launches, LinkedIn, Open, Small

Professional networking platform LinkedIn announced on Monday the global launch of Open for Business, a feature that allows freelancers and small business owners to add their services to their LinkedIn profiles, making them discoverable from a LinkedIn search. The feature is now live in India, following an initial roll-out in the US in July 2019, and is a great way for freelancers and small businesses to indicate they’re ‘Open for Business’. Open for Business allows small businesses and freelancers to showcase the services they provide, directly on their profiles. This…

Maddinson out of Australia A side due to mental health issues

November 10, 2019November 10, 2019 Loknath Dasa, Australia, Due, Health, Maddinson, mental, of, Out, Side, to

Cricket Australia say it is committed to better understanding the mental health challenges in the game after Nic Maddinson yesterday became the second player this season to withdraw from a national side due to the issue. The in-form batsman was potentially one big score away from a Test recall when he pulled out of the Australia A game against Pakistan due to start on Monday. Sean Abbott was swarmed by his Australian teammates after a wicket against Pakistan. Western Australia’s Cameron Bancroft has been drafted into the Australia A side…

Sinclair leads $10.3M investment in rideshare advertising startup Octopus

November 8, 2019November 8, 2019 Loknath Das$10.3M, Advertising?, In, investment, Leads, rideshare, Sinclair, Startup

Octopus Interactive, a startup bringing an interactive TV and ad experience into Uber and Lyft rides, has raised a $10.3 million funding round led by Sinclair Digital Group. Backseat TVs mixing show snippets and commercials have become a common part of the taxi experience in New York City and elsewhere. Octopus is offering something of a more interactive version of this concept to rideshare drivers, who can use it to keep their passengers entertained and also earn extra money. Octopus says it provides drivers with tablets that combine games (which…

Adani Group moves Bombay HC seeking to stop investment into GVK Airport Holdings

November 6, 2019November 6, 2019 Loknath DasAdani, airport, Bombay, group:, GVK, HC, Into, investment, Moves, Seeking, Stop, to

According to GVK’s counsel, a deposit of around Rs 1,254 crore was made into an escrow account on October 29. The Adani Group on Tuesday moved the Bombay High Court (HC) seeking to restrain the GVK Group from completing an investment transaction of GVK Airport Holdings, the holding company of Mumbai International Airport (MIAL), without first giving a notice on right-of-first-refusal (RoFR) to Bid Services Division (Mauritius), which holds 13.5% in the airport. The move follows GVK’s announcement last week that a subsidiary of National Infrastructure Investment Fund (NIIF), Abu…

5 Investment Ideas For Those Looking To Invest Rs 1-5 Lakhs

November 5, 2019November 5, 2019 Loknath Das1-5, 5%;, for, ideas, Invest, investment, looking, Rs., those, to

If you are looking to invest Rs 1-5 lakhs, you should look at investments that are safe and yield good returns. If you are looking at a longer term tenure of 3-5 years, there are many instruments. Here are a few that you could consider: Fixed Deposits of Bajaj Finance The fixed deposits of Bajaj Finance are not a bad bet, if you are looking at a medium term tenure of 3-4 years. A 36-month deposit offers an interest rate of 8.35 per cent, which is not bad at all.…