Business

Indo-Irish Biotech startup CyGenica secures funding from SOSV to accelerate cancer and rare genetic disease therapy
Business

Indo-Irish Biotech startup CyGenica secures funding from SOSV to accelerate cancer and rare genetic disease therapy

Pune (Maharashtra) [India], June 8 (ANI/BusinessWire India): CyGenica has announced that it has raised USD $1.4 million in a seed fund investment round, led by global venture capital investor SOSV.The funding round will accelerate validation of CyGenica's proprietary technology which enables safe, targeted, and affordable intercellular drug delivery. CyGenica's disruptive technology addresses the problem of delivering large-molecule therapeutics into living cells without damaging them or triggering an adverse immune response. The current investment seed round of USD 1.4 million was led by venture capital investor SOSV. Other investors participating in the round included the VOYAGER Health-Tech fund, David Rowan, founder of Voyagers.io, and angel investors Sharaf Yamani and Sami Mikati. CyG...
Marine Electricals (India) Ltd. announces impressive results; total comprehensive income grows 383 percent
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Marine Electricals (India) Ltd. announces impressive results; total comprehensive income grows 383 percent

Mumbai (Maharashtra) [India], June 8 (ANI/NewsVoir): Marine Electricals (India) Limited (NSE: MARINE), an integrated technical solution provider in the field of electrical automation, announced results for the Quarter & Year ended March, 2021.The key highlights of the result is as under: Consolidated Financial Performance Yearly Financial Performance Highlights: Consolidated Income of Rs. 259 crores in FY21; EBITDA of Rs. 35 crores with an EBITDA margin of 13.5% in FY21. PAT stands at Rs. 13.5 crores in FY21, Y-o-Y growth of 130%. Consolidated Revenue from Electrical Segment is Rs. 233 Crores and EBIT of Rs. 23.6 Crs, YoY growth of 10% while Revenue from Solar Segment is Rs. 17.9 Crs and EBIT loss of Rs. 4.9 Crs. Board has recommended a maiden dividend of 10% of Face Value (Rs. 0.20 pe...
Live Fish becomes life saver of Indian fishermen in Covid-19 lockdown, raises billion from Colorado within 5 months of incorporation
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Live Fish becomes life saver of Indian fishermen in Covid-19 lockdown, raises billion from Colorado within 5 months of incorporation

Kolkata (West Bengal) [India], June 5 (ANI/BusinessWire India): The pandemic has accelerated artificial intelligence and tech adaption and disrupted various sectors, with every e-commerce industry being at the forefront of disruption given the multiple restrictions due to prolonged lockdowns.However, the pandemic has transformed the way the sector operates with changes such as zero contact deliveries becoming a mandate, and with it, more users shifted to ordering online and as a result, the offline markets ruin their customers. Where the worst scenario has been noticed for the day-to-day living people like fishermen, vegetable shop owners, and many more. Live Fish has started their business back in 2020 and incorporated as FishZelt Ind Private Limited company on Jan 21. In May 2021, Live F...
Equity indices trade flat as RBI keeps interest rates unchanged
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Equity indices trade flat as RBI keeps interest rates unchanged

Mumbai (Maharashtra) [India], June 4 (ANI): Equity benchmark indices traded flat during early hours on Friday as the Reserve Bank of India (RBI) maintained status quo on key interest rates.At 10:25 am, the BSE S&P Sensex was up by 94 points or 0.18 per cent at 52,327 while the Nifty 50 gained by 31 points or 0.2 per cent to 15,721. Except for Nifty FMCG and metal which dipped slightly, all other sectoral indices at the National Stock Exchange were in the positive terrain with Nifty realty moving up by 1.2 per cent and private bank by 0.3 per cent. Among stocks, the early gainers with thin margins were Coal India, Larsen & Toubro, ONGC, Asian Paints and HDFC Life. However, those which lost were Hindalco, Nestle India, Eicher Motors, Cipla and Hindustan Unilever. Meanwhile, Asian sto...
Education, Higher and Technical Education Minister of Gujarat inaugurates the AURO Covid Care Scholarship 2021
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Education, Higher and Technical Education Minister of Gujarat inaugurates the AURO Covid Care Scholarship 2021

Surat (Gujarat) [India], June 4 (ANI/SRV Media): AURO University, Surat, Gujarat, is a premier university focusing on integral and transformational learning for future leaders. It is established under the Gujarat Private Universities Act, 2009.The University subscribes to an integral approach in education with a focus on holistic development of physical, vital, mental, and spiritual aspects; as advocated by Sri Aurobindo and the Mother. Recently Bhupendrasinh Chudasama, Education, Higher and Technical Education Minister of Gujarat, met with a delegation from AURO University in Surat, Gujarat, to release and inaugurate the AURO Covid Care Scholarship 2021. Vice-Chancellor Prof. Rajan Welukar, Dean Academics Dr Rohit Singh, and Chief Financial Officer Nayan Banker led the delegation. Speakin...
RBI introduces Rs 15,000 crore liquidity window for contact-intensive sectors
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RBI introduces Rs 15,000 crore liquidity window for contact-intensive sectors

Mumbai (Maharashtra) [India], June 4 (ANI): The Reserve Bank of India (RBI) on Friday opened a separate liquidity window of Rs 15,000 crore till March 31 next year to mitigate the adverse impact of Covid-19's second wave on certain contact-intensive sectors.The facility will have tenors of up to three years at repo rate (4 per cent), said RBI Governor Shaktikanta Das. Under the scheme, banks can provide fresh lending support to hotels and restaurants; tourism -- travel agents, tour operators and adventure/heritage facilities; aviation ancillary services -- ground handling and supply chain; and other services that include private bus operators, car repair services, rent-a-car service providers, event/conference organisers, spa clinics, and beauty parlours/saloons. By way of an incentive, ba...
Over 100 internships in Australia for JGU Students studying International Relations, Public Policy, Humanities, Business and Law
Business

Over 100 internships in Australia for JGU Students studying International Relations, Public Policy, Humanities, Business and Law

Sonipat (Haryana) [India], June 3 (ANI/OP Jindal University): More than 100 students of International Relations, Public Policy, Humanities, Business and Law from the O.P. Jindal Global University (JGU) have been awarded internships in leading Australian organisations.Despite the constraints presented by the global Covid-19 pandemic, 103 students have been selected for internships at CyberEQ and IAIE in 2021. JGU has signed Memorandums of Understanding (MOUs) with Australia-based Institute for Australia India Engagement (IAIE) and Cyber EQ to create opportunities for students to undertake internships in Australia. With IAIE, students will participate in the Student Mentoring and Research Training (SMART) program over a period of 1-2 months. For those students interning with Cyber EQ, studen...
Nifty scales new peak of 15,690, Sensex at 52,232
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Nifty scales new peak of 15,690, Sensex at 52,232

Mumbai (Maharashtra) [India], June 3 (ANI): Equity benchmark indices gained 0.7 per cent on Thursday to reach new peaks with investors buying stocks in infrastructure, metal and realty sectors.Markets remained in the grip of bulls ahead of the Reserve Bank of India's bi-monthly monetary policy which is likely to continue with its accommodative stance to push economic growth amid the COVID-19's second wave. At the closing bell, the BSE S&P Sensex was up by 383 points or 0.74 per cent at 52,232 while the Nifty 50 gained by 114 points or 0.73 per cent to 15,690. Except for Nifty pharma which dipped by 0.2 per cent on profit booking, all other sectoral indices at the National Stock Exchange were in the green with Nifty realty moving up by 3.8 per cent, financial service by 0.9 per cent, pr...
India Pulses and Grains Association urges Government to assuage fear of traders about stock monitoring exercise
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India Pulses and Grains Association urges Government to assuage fear of traders about stock monitoring exercise

Mumbai (Maharashtra) [India], June 3 (ANI/Hunk Golden and Media): India Pulses and Grains Association (IPGA), the nodal body for the pulses trade and industry in India, today held a press conference to draw the attention of the Government towards the effects on the trade following the instructions issued by the Ministry of Consumer Affairs, Food and Public Distribution.The Dept. of Consumer Affairs (DoCA) on May 17th, has asked the Food and Civil Supplies Departments of State/UT Governments to use the provisions of the Essential Commodities Act (EC Act) 1955 to ensure adequate availability of the scheduled commodities at fair prices to the common people. The DoCA has also advised the State Departments to direct pulses stockholders like Millers, Importers, Traders, etc. to declare their sto...
Conserve Nature to Restore Ecosystem: Dr. Marwaha
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Conserve Nature to Restore Ecosystem: Dr. Marwaha

World Environment Day Celebrated KAPURTHALA: Pushpa Gujral Science City and Punjab Pollution Control Board in collaboration with Centre for Environment Communication celebrated World Environment Day by organizing online Film Festival during June 3-5. Dr. S.S Marwaha, Chairman, Punjab Pollution Control Board was the Chief Guest at the occasion. He said that it has become more important to conserve the nature to restore our ecosystem when the entire world is fighting the pandemic COVID-19. He stressed on the need to improve quality of air and water as industries were not the only source of pollution but also the domestic waste was equally contributing to the pollution. He  also launched the Environmental film festival at this occasion wherein a film titled “A Second Hand Life”...