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Rakesh Jhunjhunwala sells 42.27 lakh shares of VIP Industries in Q4FY21

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Noted investor Rakesh Jhunjhunwala trimmed his stake in VIP Industries during the March quarter of FY 2021 (Q4FY21) as the coronovirus epidemic affected the tour and travel industry, taking this approach into consideration. At the end of Q4FY21, Jhunjhunwala’s wife, Rekha Jhunjhunwala, holds 32,73,400 shares or 2.32 percent stake in VIP Industries, data available on …

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VAV Lifesciences Pfizer supplies major COVID vaccine component to Moderna

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Biopharmaceutical firm VAV Lifesciences signed an agreement with an American contract development and manufacturing firm to manufacture phospholipids, a key ingredient in the MFA-based COVID-19 vaccine, with multinational pharma giants Pfizer-BioNotech and Modern. Have done. City-based VAV Lifesciences is the only domestic firm in the COVID-19 vaccine supply chain with this critical component. Thus it …

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Bharti-group backed OneWeb receives $ 550 million fund from Eutelsat

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OneWeb said on Tuesday that it has secured $ 550 million (about Rs 4,100 crore) in funding from Eutelsat Communications, which will get about 24 percent stake in the broadband satellite communications company. The Bharti-group-backed OneWeb said the new investment would bring the total fund to $ 1.9 billion in fresh equity.OneWeb statement said, “This …

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LIC share in listed companies has declined sharply, but has increased the number of 10 firms in Q4.

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Life Insurance Corp. India (LIC) has reduced its holdings to publicly traded companies in the fourth quarter of the 2021 financial year, down by a regular 3.66 percent of the market price of 296 companies (holding more than one percent) compared to 3.70 percent from December 31, 2020.As of June 30, 2012, the figure was …

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Aakash Educational Services acquired by Byjus for $ 1 billion

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Ed-tech Byju on Monday, April 5, announced that it had acquired Aakash Educational Services Ltd (AESL) for $ 1 billion (Rs 7,300 crore). Stock and cash transactions will strengthen the Indian diversity in the test preparation phase in India. The deal is Byju’s biggest acquisition so far in India’s emerging ed-tech space. Meanwhile, AESL will …

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NBCC assures Jaypee customers to deliver 70% units in 30 months

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Jaypee home buyers, trapped in homes for more than a decade, on May 7, held a lively discussion with NBCC officials who assured them that the government’s construction arm would deliver 70% units within 30 months once the settlement plan was lifted. “The NBCC has included some of the recommendations that we have submitted to …

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