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Hyderabad: Laurus Bio, a subsidiary of Hyderabad-based biopharma player Laurus Labs Ltd, has secured an equity investment of Rs 120 crore from Eight Roads Ventures and F-Prime Capital. Laurus Labs informed the bourses on Friday that its subsidiary has inked a definite agreement for the investment round that will also see Laurus Labs co-invest Rs 40 crore at the same valuation. The company stated that the promoters of Laurus Bio were also issued share warrants, exercisable up to two years from the date of issue at the same valuation. "Laurus Labs or Eight Roads Ventures have the right to invest up to an additional amount of Rs 35 crore before December 2025 at the same valuation. Upon completion of the transaction, Laurus Labs, Eight Roads Ventures, and the promoters of Laurus Bio will hold 75%, 14%, and 9% stake, respectively, on a fully diluted basis," Laurus Labs said in a regulatory filing. The company said the funds raised will be utilised by Laurus Bio for further expansion of its fermentation-based manufacturing capabilities to cater to the growing customer demand. Laurus Labs founder & CEO Dr Satyanarayana Chava and Laurus Bio CEO Rajesh Krishnamurthy said the fundraise will drive the expansion of the manufacturing and R&D infrastructure of Laurus Bio and enable it to further accelerate growth opportunities. "This investment will enable the company to further expand and accelerate microbial-fermentation capabilities, including faster development of new products, speeding up the internal pipeline, enhancing high-quality commercial-scale capacity to partners, and growing our industry position," Dr Chava said. Eight Roads Ventures India managing partner Dr Prem Pavoor said Laurus Labs and Laurus Bio (formerly Richcore Lifesciences) built a best-in-class biomanufacturing platform to cater to the growing global demand for sustainable manufacturing technologies. "Biomanufacturing is already being utilised across a range of industries including personal care, materials, food and nutrition, and pharmaceuticals. We are looking forward to growing Laurus Bio into a global leader in this emerging segment," Dr Pavoor said. Stay updated with the latest news on Times of India . Don't miss daily games like Crossword , Sudoku , and Mini Crossword .
As Neymar continues to excel on the pitch and entertain fans around the world with his dazzling skills, his decision to stay at PSG serves as a reminder of the importance of certainty and stability in a player's career. While the possibility of a future move to Barcelona or another top club remains open, Neymar's focus on his current club reflects his commitment to success and professionalism in the face of challenging circumstances.In addition, participants called for efforts to address challenges such as income inequality, environmental degradation, and technological innovation gaps. They stressed the need for comprehensive reforms to boost productivity, stimulate domestic consumption, and ensure that the benefits of economic growth are shared more equitably among all segments of society.One of the key objectives of the South Nanjing office is to strengthen cooperation with local suppliers and manufacturers, facilitating the sourcing of high-quality products for Amazon's global platforms. By establishing a direct presence in Nanjing, Amazon aims to establish strong partnerships with Chinese businesses and leverage their expertise to offer a wider range of products to international consumers.
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Mbappe, known for his blistering pace, skillful dribbling, and clinical finishing, is undeniably one of the most talented young players in the world. His performances for both club and country have solidified his status as a key player in the modern game. However, despite his impressive credentials, some argue that Salah's consistency, versatility, and goal-scoring prowess make him a more suitable choice for the right winger position in the FIFPRO Best XI.Beijing Real Estate Market Shows No Signs of Cooling Down, Sharp Drop in Inventory Reveals What Signals?In a statement regarding the adjustments, Tencent Video emphasized its commitment to providing a seamless and enjoyable viewing experience for its users. By increasing the number of devices that can be utilized simultaneously, the platform aims to cater to the diverse needs and preferences of its growing subscriber base, while maintaining the high standards of content quality and customer service that have garnered Tencent Video a loyal following.
In the end, it was Honda rider who emerged victorious, claiming the coveted overall champion title in the 1000cc category. The rider's skill, determination, and unwavering focus throughout the season have truly paid off, solidifying their status as a force to be reckoned with in the world of road racing.WASHINGTON: President-elect Donald Trump on Saturday nominated Charles Kushner, the father of his son-in-law Jared Kushner, as the US ambassador to France, in the latest of several controversial picks. Kushner "is a tremendous business leader, philanthropist, & dealmaker, who will be a strong advocate representing our Country & its interests," Trump said on his Truth Social website, adding that Jared "worked closely with me in the White House." The choice is in keeping with Trump's pattern, so far, of selecting people, often wealthy, who are close to his family or of proven loyalty. Kushner is a multimillionaire real estate executive and former attorney; his son was a senior adviser during Trump's first term. Trump did not mention, however, that the elder Kushner once served jail time - a two-year sentence, most of it served in a federal prison. Kushner, who is now 70, pleaded guilty in 2004 to 18 counts of tax evasion, witness tampering and making illegal campaign contributions. The case, which was prosecuted by then US attorney Chris Christie, included sordid details, to which Kushner admitted: that he had hired a prostitute to seduce his brother-in-law, a man cooperating in a campaign finance inquiry, and then videotaped the encounter and sent it to the man's wife, Kushner's sister, to dissuade her from testifying against him. Christie, who worked on Trump's first presidential transition team and then opposed him in this year's Republican primary contests, later said Kushner had committed a "loathsome" and "disgusting crime." In 2020, Trump issued a pardon to Kushner, whose conviction had resulted in him being disbarred in three states. Nominees for key ambassadorships are often business associates of a president-elect, or major political donors. But it is rare, if not unprecedented, to name a convicted felon. The first two men to fill the prestigious Paris post were famed inventor and statesman Benjamin Franklin and a future president, Thomas Jefferson. If confirmed, Kushner would succeed Denise Bauer, a former ambassador to Belgium who was a major Democratic fundraiser and donor.
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