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The Economic Times

Sequent Scientific shares soar 18% on Rs 8,000 crore merger with Viyash Life Sciences

Sequent Scientific and Viyash Life Sciences have announced a merger that will result in the two companies forming a combination that will create a platform with leadership in animal pharmaceuticals, end-to-end integrated capabilities across the larger global pharmaceutical market with a strong operating and research and development backbone, according to a stock exchange filing.

The Economic Times

Sequent Scientific, Viyash Life Sciences announce Rs 8,000 crore merger

Sequent Scientific and Viyash Life Sciences have announced a merger, creating a platform with leadership in animal pharmaceuticals and integrated capabilities across the global pharmaceutical market. The merger will expand Sequent's capital base and is expected to enhance marketing presence, facilitate backward integration, and create procurement synergies.

The Economic Times

Carlyle Group portfolio companies in advanced talks for a potential merger

Sequent Scientific, which is in animal health business, posted revenue of around Rs 1,400 crore in FY24. It had earnings before interest, tax, depreciation and amortisation of Rs 100 crore. It has seven manufacturing sites in India, Spain, Brazil and Turkey. Viyash was founded in February 2019 by Hari Babu, formerly the chief operating officer of the world's largest generic drug maker, Mylan, now known as Viatris. Viyash posted FY24 revenue of Rs 1,400 crore with ebitda at Rs 150 crore.

The Economic Times

‘It's not something we like to do’: Police shot dead rarely seen polar bear in Iceland

In northwest Iceland, police shot a polar bear deemed a threat after an elderly woman reported its presence near her summer house. The environment agency advised against relocating the animal due to high costs. Polar bears occasionally drift from Greenland on ice floes, with sightings increasing due to global warming.

Business Standard

FIR against X users for claiming 'Amul' ghee used in Tirupati laddus

Police on Saturday registered a case against seven users of social media platform 'X' for allegedly spreading misinformation that the "low quality" ghee used for making laddus at the Tirupati temple belonged to the 'Amul' brand, an official said. A massive political row has erupted after Andhra Pradesh Chief Minister N Chandrababu Naidu claimed that animal fat was used in making laddus made Sri Venkateswara Swamy temple in Tirupati during the previous government in the state. Anand-based Gujarat Cooperative Milk Marketing Federation (GCMMF), which markets its milk and dairy products under the brand name 'Amul', has denied having supplied ghee (clarified butter) to Tirumala Tirupati Devasthanams (TTD), which manages the temple. As per the FIR, X users of seven different handles spread misinformation that ghee with animal fat used for preparing laddus for Tirupati Balaji temple belonged to the 'Amul' brand with the intention of harming the reputation of the GCMMF, the cyber crime ...

Mint

Breakout stocks to buy or sell: Sumeet Bagadia recommends five shares to buy

Regarding breakout stocks to buy today, Sumeet Bagadia, Executive Director at Choice Broking, recommended buying these five shares: Aarti Surfactants, Silgo Retail, Modison Ltd, Nava Limited, and Mallcom (India).

The Economic Times

Stock market update: Stocks that hit 52-week highs on NSE in today's trade

Ecos(India)Mobilit, Aarti Surfactants, Silgo Retail, Modison Metals and Mallcom(India), hit their fresh 52-week highs during the day.

The Economic Times

Stock market update: Stocks that hit 52-week highs on NSE

Silgo Retail, Mallcom(India), Modison Metals, Aarti Surfactants and Consol Const., hit their fresh 52-week highs at 10:39AM.

The Economic Times

Buy Godrej Agrovet, target price Rs 970: Motilal Oswal

Godrej Agrovet Ltd. key Products/Revenue Segments include Animal Feed, Oil Vegetable, Crop Protection, Others, Other Operating Revenue for the year ending 31-Mar-2024.

Business Standard

'Vegas Mall in Delhi saw max average footfall in Q1 among top 25 malls'

Vegas Mall in the national capital witnessed highest average daily footfall during April-June period followed by V3S East Centre Mall in east Delhi and Phoenix Marketcity in Mumbai region, according to a report. GeoIQ, a leading location AI startup, on Friday released the list of top 25 malls in India based on footfall data. It leverages aggregated, anonymised geolocation data from mobile devices and applies advanced machine learning to generate accurate footfall and other insights for any store or location across the country. Vegas Mall (Dwarka, Delhi), V3S East Centre Mall (Delhi) and Phoenix Marketcity (Greater Mumbai) were the top three shopping malls with an average daily footfall of 26,212, 24,282 and 23,000, respectively. Looking at city-specific data, the top five malls in Mumbai are Phoenix Marketcity (ranked 3rd), R City Mall (ranked 4th), Viviana Mall (ranked 5th), Seawoods Grand Central (ranked 10th), and High Street Phoenix (ranked 12th). In Delhi NCR, the top five mal

Business Standard

Govt aims to boost fishery sector by taking exports to Rs 1 trn per year

Union Minister Rajiv Ranjan Singh on Wednesday said the government is focusing on increasing annual seafood exports to Rs 1 lakh crore from around Rs 60,000 crore last fiscal and will also take measures to strengthen the foundation of the fishery sector over the next five years. Singh, who is Union Minister for Fisheries, Animal Husbandry & Dairying, was addressing an event to mark the 4th Anniversary of Pradhan Mantri Matsya Sampada Yojna (PMMSY) here. He also launched Pradhan Mantri Matsya Kisan Samridhi Sah-Yojna, and released the standard operating procedure on production & processing clusters in the fisheries sector. The minister noted that the fishery sector, which provides livelihood for more than 3 crore fishers and fish farmers, did not get due attention since independence. However, Singh said the Prime Minister Narendra Modi-led government has taken various decisions since 2014 for the growth of this important sector, including the launch of the PMSSY scheme with an .

Hindustan Times

Zoetis strengthens India presence with major Hyderabad facility expansion

Zoetis, a global leader in animal health, has announced the expansion of its Global Capability Center in Hyderabad, India.

The Economic Times

US animal health major Zoetis expands GCC in Hyderabad

Zoetis, the world's largest producer of pet and livestock medicine, is expanding its global capability centre in Hyderabad. The centre will add around 300 technology jobs by next year and support the company's global operations using advanced technology tools. This expansion aims to leverage Hyderabad's tech talent pool and life-science ecosystem.

Business Standard

Govt plans FMD-free zones in 8 states to enhance animal product exports

The government plans to establish Foot and Mouth Disease (FMD)-free zones in eight states to boost exports of animal products, according to a senior government official. Alka Upadhyaya, Secretary in the Department of Animal Husbandry and Dairying, announced the initiative at the workshop that concluded on August 30 on the issue of animal infectious disease prioritisation, organised by the Food and Agriculture Organisation (FAO) in collaboration with the department. "We've made significant progress in tackling four critical diseases: FMD, Peste des Petits Ruminants, Brucellosis, and Classical Swine Fever under the National Control Programme," Upadhyaya said. The government "plans to establish FMD-free zones in eight states, where advanced vaccination efforts are underway", she said. This strategic move is expected to pave the way for expanded export opportunities for Indian animal products, enhancing the country's global market presence, she added. The three-day workshop resulted

Business Line

Indian Immunologicals develops innovative needle-free intranasal Covid-19 booster vaccine

The vaccine demonstrated remarkable stability and safety in extensive animal studies, generating a robust and broad-spectrum neutralizing antibody respons

Business Line

Zydus Lifesciences acquires 50% stake in Sterling Biotech for fermentation-based protein business; shares drop nearly 6%

The joint venture aims to establish a “state-of-the-art” facility for manufacturing fermented animal-free protein for global markets.

Business Standard

Zydus Lifesciences to acquire 50% stake in Sterling Biotech

Firm will focus on animal-free protein production

Business Standard

Zydus Life arm inks pact to acquire 50% stake in Sterling Biotech

Zydus LIfesciences said that its wholly owned subsidiary, Zydus Animal Health and Investments has entered into share purchase and share subscription agreement (SPSSA) with Perfect Day to acquire 50% stake in Sterling biotech.

The Economic Times

Ajooni Biotech ties up with Avalon Bioenergy for sustainable moringa processing

Ajooni Biotech has partnered with Avalon Bioenergy, an Indian subsidiary of the US-based Avalon Energy Group, to establish processing plants for the sustainable processing of moringa seeds and leaves in India. Avalon will extract oil for further processing and marketing, while Ajooni will use the remaining oil cake to create animal feed products for further processing and distribution within India and for exports.

Business Line

Stock to buy today: Thirumalai Chemicals (₹286.70) – BUY

Thirumalai Chemicals’ share price can rise to ₹310

The Economic Times

Aquaculture overtakes wild fisheries for first time: UN report

Aquaculture now surpasses wild fisheries in aquatic animal production, playing a crucial role in global food needs, according to a UN report. In 2022, aquaculture produced 94.4 million tonnes, 51% of the total and 57 percent of the production destined for human consumption. The report highlights challenges faced by the sector like climate change, pollution, and the need for investment, especially in Africa.