Sii Ceo Adar Poonawala Father Cyrus Also Joins Family In London - विदेश दौरा: अदार के पिता और ग्रुप के चेयरमैन सायरस पूनावाला भी लंदन पहुंचे, बोले- देश छोड़कर नहीं भागे..गर्मी छुट्टी मनाने आए हैं amarujala.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from amarujala.com Daily Mail and Mail on Sunday newspapers.
How profitable is Adar Poonawalla s Serum Institute?
At Rs 300, the expected earnings from, let s say, 500 million doses of Covishield stand at about Rs 15,000 crore, which is near three times the total revenue of Serum Institute in FY20
Adar Poonawalla poses with first consignment of Covishield (Photo credit: Twitter)
Vaccine-maker Serum Institute of India has become a household name as Indians scramble to book vaccine slots amid a devastating second wave of coronavirus. While Serum is one of the world s biggest vaccine manufacturers, its name made it to common parlance with the breakout of COVID-19 and there is proof to show for it. According to corporate database Capitaline there are 418 Indian companies that posted revenues above Rs 5,000 crore in 2019-20. Out of those, Serum earned the maximum net profit for every rupee of revenue.
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NEW DELHI: The Competition Commission of India (CCI) on Monday approved acquisition of majority shareholding in Magma Fincorp Ltd by Adar Poonawalla-controlled Rising Sun Holdings and two other individuals.
The two individuals Sanjay Chamria and Mayank Poddar are existing promoters of Magma Fincorp.
According to a combination notice filed with the regulator, the transaction involves acquisition of 60 per cent stake by Rising Sun Holdings and 4.68 per cent shareholding by the two promoters by way of preferential allotment of equity shares.
The proposed combination will enable the Acquirer to achieve higher efficiencies in its existing businesses in the financial lending space as well as expand and diversify its operations in other business areas where the Target is present, as per the notice.
mukesh ambani top billionaire in asia: India has third highest number of billionaires in world : सबसे अधिक अमीरों के मामले में भारत है तीसरे नंबर पर indiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatimes.com Daily Mail and Mail on Sunday newspapers.
Reliance Industries Mukesh Ambani reclaimed his spot as Asia s richest, dethrones Jack Ma: Forbes
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India has the third highest number of billionaires in the world after the US and China, according to a new list by Forbes magazine, which said Reliance Industries Chairman Mukesh Ambani reclaimed his spot as Asia s richest person, dethroning Chinese business tycoon Jack Ma who was the richest person in the region a year ago.
Forbes 35th annual list of the world s billionaires is topped by Amazon CEO and Founder Jeff Bezos for the fourth year in a row.
His net worth is USD 177 billion, up USD 64 billion from a year ago as a result of surging Amazon shares, Forbes said.