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Adar Poonawalla-backed firm takes over Magma Fincorp in Rs 3,456 cr deal

Read more about Adar Poonawalla-backed firm takes over Magma Fincorp in Rs 3,456 cr deal on Business Standard. The company, which has a fledgeling NBFC arm called Poonawalla Finance which lends mostly to professionals, said the acquisition will be done through a group company called Rising Sun Holdings

How an Indian horse racing dynasty became pivotal in the race to vaccinate the world

Inside the Indian Serum Institute at the centre of Britain s Covid vaccine supply The Poonawalla group has been affected by the Indian government s decision to block exports of the AstraZeneca vaccine to Britain 18 March 2021 • 9:14am From his baronial boardroom in Pune, Adar Poonawalla can look out upon the perfectly manicured turf of India’s biggest stud farm. Over the years, the family’s racehorses have won the Indian Derby 10 times. These days, however, the thoroughbreds gambolling across the paddock beneath his window may be the last thing on his mind. Poonawalla is chief executive of Serum Institute of India (SII), now the world’s largest manufacturer of Covid vaccines, which has been running full tilt to produce 50m doses per month of the AstraZeneca/University of Oxford jab.

आग लगने से 1,000 करोड़ से ज्यादा का नुकसान, BCG, रोटावायरस वैक्सीन की क्षमता पर पड़ा असर- सीरम इंस्टीट्यूट

आग लगने से 1,000 करोड़ से ज्यादा का नुकसान, BCG, रोटावायरस वैक्सीन की क्षमता पर पड़ा असर- सीरम इंस्टीट्यूट
news18.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from news18.com Daily Mail and Mail on Sunday newspapers.

Serum fire: No angle ruled out, says CM as Poonawalla pegs loss at Rs 1K cr

The Serum Institute of India (SII) on Friday said it has suffered losses of over Rs 1,000 crore due to the devastating fire that erupted a day before at its premises here, even as Maharashtra Chief Minister Uddhav Thackeray said that whether the blaze was an accident or sabotage will be known once the probe gets over. Five contractual labourers died in the fire that broke out in a five-storey building in the SII s Manjari premises in Pune on Thursday. The chief minister visited the SII on Friday to take stock of the damages. He later addressed a press conference, where Adar Poonawalla, Chief Executive Officer (CEO) of the SII was also present.

Damage worth Rs 1,000 crore: Adar Poonawalla on Serum Institute fire

Damage worth Rs 1,000 crore: Adar Poonawalla on Serum Institute fire India Published: Friday, January 22, 2021, 21:18 [IST] Pune, Jan 22: The Serum Institute of India (SII) on Friday said it has suffered losses of over Rs 1,000 crore due to the devastating fire that erupted a day before at its premises here, even as Maharashtra Chief Minister Uddhav Thackeray said that whether the blaze was an accident or sabotage will be known once the probe gets over. Adar Poonawalla Five contractual labourers died in the fire that broke out in a five-storey building in the SII s Manjari premises in Pune on Thursday. The chief minister visited the SII on Friday to take stock of the damages. He later addressed a press conference, where Adar Poonawalla, Chief Executive Officer (CEO) of the SII was also present.

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