President congratulates Ramakrishnan for winning Nobel Prize for ChemistryOctober 7th, 2009 NEW DELHI - President Pratibha Devisingh Patil has congratulated Professor Venkatraman Ramakrishnan for jointly winning the Nobel Prize for Chemistry for the year 2009. The President said that she is very proud to hear of the news and is happy that Professor Ramakrishnan's pursuit of understanding the structure and function of the ribosome has been recognized.
Biocon net up 59 percent in first quarterJuly 23rd, 2009 BANGALORE - Biotech major Biocon has posted a net profit of Rs.47.6 crore for the first quarter this fiscal, registering a 59 percent year-on-year (YoY), the company said Thursday. Total income for the quarter under review, however, grew only nine percent YoY to Rs.259 crore from Rs.237 crore in the like period a year ago, the company said in a regulatory filing.
Not all El Nino weather conditions cause monsoon failureJuly 10th, 2009 PUNE - As the entire country is grappling with a prolonged dry spell due to the delay in the monsoon, an official of the India Meteorological Department (IMD) said that not all El Nino weather conditions cause monsoon failure. An El Nino, which means "little boy" in Spanish, is driven by an abnormal warming of the eastern Pacific Ocean, and creates havoc in weather patterns across the Asia-Pacific region.
Budget should incentivise biotech sector: Kiran Mazumdar-ShawJuly 5th, 2009 BANGALORE - As a sunrise industry, the biotechnology sector is looking up to the national budget, to be presented in parliament by Finance Minister Pranab Mukherjee Monday, for a fillip in times of global recession and slowdown in the Indian economy. The government must incentivise R&D (research and development), especially in the biotechnology sector by providing a tax holiday for five years on any new product developed in-house, Biocon India chairperson Kiran Mazumdar-Shaw told IANS here.
Indian biotech industry growing, but at slower paceJune 18th, 2009 BANGALORE - Global recession and slowdown in the domestic market impacted the Indian biotech industry last fiscal, resulting in a year-on-year (YoY) growth declining to 18 percent from 34 percent notched in 2007-08. According to data released Thursday at Bangalore Bio 2009, India's premier biotech event, the industry grew to Rs.12,137 crore from Rs.10,274 crore the previous fiscal, reflecting an increase of 18 percent.
Biocon to fund innovation cell at Hyderabad B-schoolJune 8th, 2009 BANGALORE - India's biotechnology major Biocon Ltd. Monday announced the setting up of a cell for innovation management at Hyderabad's Indian School of Business (ISB) with a corpus of Rs.1 crore.
Biocon Group delivers 16 per cent growth in operating profitsApril 28th, 2009 BANGALORE - Biocon Limited today announced its financial performance for the financial year ended March 31. Unpredictable rupee depreciation induced by the global economic crisis has adversely impacted consolidated FY '09 earnings, wherein losses of Rs.
Weak rupee lowers Biocon net profit 80 percent in 2008-09April 28th, 2009 BANGALORE - A steady weakening of the rupee in the volatile currency market has lowered the consolidated net profit of biotechnology major Biocon group to Rs.93.1 crore in 2008-09 from Rs.464 crore the year before, registering a whopping decline of 80 percent. 'Unpredictable rupee depreciation induced by global economic crisis has adversely impacted our consolidated earnings wherein losses of Rs.147 crore on account of mark-to-market (MTM) were provided,' Biocon chairperson Kiran Mazumdar-Shaw told reporters here Tuesday.
Volunteers line up for 'no frills' Gopinath election bidApril 1st, 2009 BANGALORE - From new economy leaders to young volunteers, all are pledging support to Captain G.R. Gopinath, who pioneered India's low-cost airline Air Deccan, as he prepares to contest the Lok Sabha polls from the high profile Bangalore South constituency.
'Kiran Bedi' - only for Malashri's fans (Kannada Film Review)March 28th, 2009 Film: 'Kiran Bedi'; Cast: Malashri, Sreenivasa Murthy, Ashish Vidyarthi, Rangayana Raghu, Suchayeendra Prasad, Sadhu Kokila and others; Screenplaywriter-director: Om Prakash Rao; Camera: Vishnuvardhan; Music Director-Lyricst: Hamsalekha; Editor: Lakshman Reddy; Rating: **
Kannada filmmaker Om Prakash Rao, known as a remix specialist, comes out with another in the genre with 'Kiran Bedi'. The film is a mix of several unsuccessful non-Kannada movies and is mainly inspired by Telugu director Rajamouli's 'Vikramarkudu', which starred Ravi Teja and Anushka.
Assam newspaper editor shot deadMarch 25th, 2009 GUWAHATI - Seven unidentified men shot dead Anil Mazumdar, the Editor-in-Chief of a Guwahati-based Assamese daily 'Aji' on Tuesday night. According to the police, Mazumdar was attacked while returning back from his office to his home at Rajgarh road at around 10.30 p.m.
Bristol-Myers Squibb, Biocon's Syngene open new R and D facility at Biocon ParkMarch 23rd, 2009 BANGALORE - Syngene International, a subsidiary of Indian biotechnology major, BIOCON Ltd, and Bristol-Myers Squibb Company announced today the opening of a fully dedicated research and development facility for Bristol-Myers Squibb in Biocon Park, Bangalore. The 200,000 square-foot facility at Biocon Park is dedicated to helping advance Bristol-Myers Squibb's work in discovery and early drug development, and is currently occupied by 270 researchers.
Delhi art lovers rally at Christie's charity auctionFebruary 6th, 2009 NEW DELHI - The recession doesn't seem to have dampened the spirit of the capital's art lovers who purchased paintings and artefacts worth millions of rupees at an auction conducted by Christie's of London. While a Jayasri Burman painting endorsed by the Ambani family of Kokilaben, Deepti and Isheta went for Rs.
Territorial Army wins R Day best marching contingent awardFebruary 1st, 2009 NEW DELHI - The Territorial Army contingent has has been adjudged the best marching contingent among the armed forces at the Republic Day parade Jan 26, it was announced here Monday. A panel of judges also selected the Central Reserve Police Force (CRPF) contingent as the best among the paramilitary and other auxiliary contingents, an official statement said.
Art auction to raise money for underprivileged childrenJanuary 18th, 2009 NEW DELHI - Celebrities come together with artists to produce joints works of art to be auctioned and the money given to a charity - that is what India On Canvas 2009 is all about. In its second year, the annual event remains fundraiser for the NGO Khushii that takes care of underprivileged kids.