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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…

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…

Foreign investment or grassroots growth – the future of mining in Rwanda

October 23, 2019October 23, 2019 Loknath DasForeign, Future, grassroots, Growth, In, investment, mining, of, or, The, –

It is one of the smallest countries in Africa with a total area estimated at around 26,000km² and a population of roughly 12 million people. You can drive across its winding, smoothly paved roads in a matter of hours. But Rwanda, a mountainous country known locally as le Mille Collines – the land of a thousand hills – punches well above its weight: it is one of Africa’s fastest-growing economies despite experiencing a civil war just two and a half decades ago. Among the countries most promising industries is the mining sector,…

Clear signs of revival in industrial production, fixed investment: FM Sitharaman

September 15, 2019September 15, 2019 Loknath DasClear, fixed, FM, In, industrial, investment, of, production, revival, signs

New Delhi: Finance Minister Nirmala Sitharaman on Saturday said there are clear signs of revival of industrial production and fixed investment after economic growth plunged to a six-year low. At a press conference called to announce the third part of the stimulus package for the economy, she said measures are being taken to improve credit outflow from banks. Also, transmission of interest rate cuts is being effected by banks, she said, adding she will meet heads of public sector lenders on 19 September to review the transmission. The Reserve Bank of India (RBI ) has since February…

The extreme lifestyle of a strongman

September 9, 2019September 9, 2019 Loknath Dasa, Extreme, lifestyle, of, The

Mikey Lane eats 8,500 calories a day and trains five days a week in his bid to become one of the strongest men in the world. Image copyrightRICHARD HANCOX Mikey, 35, eats seven chickens a week, along with six pizzas, as part of his training regime. The semi-professional strongman from Nuneaton has dedicated the last nine years to pushing himself to his limits to chase his dream. Image copyrightRICHARD HANCOX His journey has seen him compete nationally and internationally, with his ultimate quest to compete in the World’s Strongest Man…

LetsVenture to expand scope of investment platform

August 30, 2019August 30, 2019 Loknath DasExpand, investment, LetsVenture, of, scope, to

To focus on a new vertical that helps family offices find investment opportunities in startups. LetsVenture, a Bengaluru-based technology platform that connects angel investors with startups, is expanding its scope to address the needs of growth-stage startups. Besides, it would also focus on a new vertical that helps family offices find investment opportunities in startups. “As an extension of the support to early growth stage entities, we have recently started `Let’s Go’ to support the funding needs of startups that matured to the growth stage,” said Shanti Mohan, founder and…