On a drive down the Pacific coast from San Francisco at the height of the first tech bubble, Magatte Wade had a sudden epiphany. She had a successful career, but she couldn’t stop thinking about friends and family struggling to find work back in Senegal, where she’d grown up. advertisement advertisement “I just basically lost it,” she says. “I was no longer able to reconcile the discrepancy between the type of life that I was afforded to live, and for those who stayed back home.” For years, she’d heard the stories of friends or acquaintances heading for Europe in tiny fishing boats, desperate to find work. “You’d get the news that the boat didn’t make it,” she says. “And there’s nothing you can do.” She decided to change careers and work on the heart of the problem: creating local jobs so people didn’t feel forced to leave home. The answer, she thought, was social enterprise. Her first … [Read more...] about How A Skincare Company Is Creating Jobs In Africa And Ending The “Thatchwork Ceiling”
Roche India on November 21 said it has launched Atezolizumab in India, following approval from the Drug Controller General of India (DCGI) for the treatment of extensive-stage small cell lung cancer (ES-SCLC).Atezolizumab is sold under brand name Tecentriq globally and clocked sales of $802 million in the first half of 2019."Atezolizumab is the first cancer immunotherapy to receive an approval in India for the first line treatment of extensive-stage small cell lung cancer (ES-SCLC) when given in combination with chemotherapy," Roche India said.Close The cancer immunotherapy harnesses the person's immune system to combat cancer more effectively for better patient outcomes. related news Tech Mahindra, Business Finland ink MoU for R&D in 5G, 6G Honda Civic retains title of best-selling executive sedan with 30% growth MoM Laurus Labs gets 3 observations from USFDA for Visakhapatnam facility Clinical study has shown significant improvement in the survival outcomes in the … [Read more...] about Roche gets DCGI nod to sell drug for small cell lung cancer
Bharat Road Network is eyeing inorganic growth opportunities, either through acquisition of projects or consolidation of its stake in existing projects, the company said in its annual report. Inorganic growth is when a company grows by external means such as merger, acquisition, and takeover etc.In its 2018-19 report, the company said that through increased activity in the secondary market, it is continuously evaluating assets which are available at attractive valuation assuming such acquisitions are supported by sound strategic and financial objectives."The company has been able to consolidate its stake in one of its assets, Guruvayoor Infrastructure in Kerala, where... it acquired 73.98 per cent stake (acquisition of 26 per cent out of the 51 per cent stake is under progress) from its partner," it said.Close Bharat Road Network said that it has created a platform where it expects to see a lot of consolidation happening. related news Tech Mahindra, Business Finland ink MoU … [Read more...] about Bharat Road Network eyes growth via acquisition, consolidation of stake in existing projects
Realty firm Puranik Builders has filed fresh papers with markets regulator Sebi to raise an estimated Rs 1,000 crore through its initial share-sale.The IPO comprises fresh issue of shares worth Rs 810 crore, besides, an offer for sale up to 18,59,620 equity shares by the company's promoters and existing shareholders, according to the draft papers filed with Securities and Exchange Board of India (Sebi).Proceeds of the issue will be utilised towards repayment of loan and other general corporate purposes.Close In addition, the company plans to receive the benefits of listing of its equity shares on the stock exchanges. related news Subscribe to CSB Bank: ICICI Direct Avoid CSB Bank: Choice Equity Broking Subscribe to CSB Bank: Hem Securities According to market sources, size of the initial public offer (IPO) is around Rs 1,000 crore.Edelweiss Financial Services Ltd and Axis Capital will manage the company's initial share-sale. Shares of the company will be listed on the BSE … [Read more...] about Puranik Builders files fresh IPO papers with Sebi; plans to raise Rs 1,000cr
Launched in April last year, the ImpactUs marketplace was supposed to open up impact investing to new organizations and new funders. It was meant to be a major development in the emerging–but still limited–field of investing for both financial, and social and environmental, benefit. But, little more than eight months later, it has closed. “The ImpactUs Marketplace was formed with the goal of simplifying the impact investing process,” reads a message on the group’s website. “Unfortunately, we have had to make the difficult decision to cease operations.” advertisement advertisement By making it easier for investors and mission-driven organizations to find each other and do business, the Kickstarter-like platform was set to spur major “new deal flow,” according to its founders. They hoped to be doing deals worth $100 million by now, and to have $3 billion in assets under management within 10 years. But … [Read more...] about This Impact Investing Platform Was Set To Be A Game-Changer. So Why Did It Fail?