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Salim Shaikh and Akash Puranik Salim Shaikh is executive chairman & founder of Symbio Generrics & Akash Puranik is promoter, MD & CEO of Symbio The Indian pharma industry is a sunrise industry in the Indian economy. The Indian pharmaceutical market is expected to reach $39 billion by end of 2022 as reported by prominent industry sources. However, the projections for the next 6 years are noteworthy; while the global generic API markets are projected to grow at around 6%, the Indian market is expected to have a CAGR of 13.7% in the first 4 years itself. There has been a US$ 4-5 billion investment in the API space in India over the last couple of years. The last quarter has seen many investments from top venture capital organisations. India’s emergence as the alternate source of bulk drugs has been quite dramatic. Ironically, the growth of India as a reliable source for Active Pharmaceutical Ingredients (APIs) was fanned by the two serious virus outbreaks, first the SARS Virus back in 2003-2004 and the second was COVID in 2020. At both these points, China was the only dominant supplier of bulk drugs (APIs) while India was the primary source of […]

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S.C. Education Superintendent Ellen Weaver As I begin my tenure as South Carolina’s state superintendent of education, I am excited for the journey ahead and honored by the trust that has been placed in me by the people of this state. With the turning of each new year, we have the chance to renew our shared commitment to our students and their future, ensuring that every child in our state has the opportunity to get a great education. We face tremendous educational challenges, with nearly two-thirds of our children below grade level in the foundational skills of reading and math. We face a shortage of teachers, as fewer young people pursue the profession and current teachers battle red tape, rising costs of living and deteriorating discipline in the classroom. We face an erosion of trust and a system too often designed for the needs of the last century. But South Carolinians have proven time and again that our moments of greatest challenge are our moments of shining opportunity. I’m more convinced than ever that now is the moment for all South Carolinians to answer the call to unite around our students. Our future is sitting in today’s classrooms, and […]

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In this article we are going to estimate the intrinsic value of Myers Industries, Inc. ( NYSE:MYE ) by taking the expected future cash flows and discounting them to their present value. This will be done using the Discounted Cash Flow (DCF) model. Before you think you won’t be able to understand it, just read on! It’s actually much less complex than you’d imagine. We would caution that there are many ways of valuing a company and, like the DCF, each technique has advantages and disadvantages in certain scenarios. If you still have some burning questions about this type of valuation, take a look at the Simply Wall St analysis model . Crunching The Numbers We are going to use a two-stage DCF model, which, as the name states, takes into account two stages of growth. The first stage is generally a higher growth period which levels off heading towards the terminal value, captured in the second ‘steady growth’ period. In the first stage we need to estimate the cash flows to the business over the next ten years. Where possible we use analyst estimates, but when these aren’t available we extrapolate the previous free cash flow (FCF) from […]

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National Grid has a 19% operating margin on its electricity business, allowing the board to fund an average £1bn a year in dividends. National Grid , which maintains the backbone of Britain’s electricity network, should be taken under government control to ensure the rapid transition to net zero, campaigners said, after a report revealed that the business paid investors almost £9bn in dividends and share buyback schemes over the last five years. The stock-market-listed firm, which counts the fund managers BlackRock, Vanguard and the Abu Dhabi Investment Authority among its top five shareholders, has a 19% operating margin on its electricity business, allowing the board to fund an average £1bn a year in dividends. A report by the left-of-centre thinktank Common Wealth found that a special dividend following the sale of its gas distribution business gave a significant boost to shareholders in 2017 when the funds might have been used for further investment. The business increased the amount paid to shareholders to £4.5bn following a £3.2bn special dividend. Part of National Grid is on course to be nationalised next year to allow the government more control over its strategy, but the Green party said the entire organisation needed to […]

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In 1997, Mine Planning Engineer Gerardo first started his mining career in home country Chile as an enthusiastic graduate engineer fresh out of university. Fast forward to 2022, Gerardo celebrated his 25th anniversary with BHP. In 2007, after working with BHP for 10 years in a Chile copper mine, Gerardo and his family were presented with the opportunity to relocate to Australia. While a very hard decision to make at the time, it’s a decision he is thankful he made and remains grateful of the opportunities that offered to him and his family as a result. “Moving to a new country wasn’t without its challenges; we were in a new country, surrounded by new people where we had to learn a new language, but we knew the opportunities that lay ahead of us would be worth it.” Gerardo’s first taste of Australian living was in South Australia where he spent his first assignment at Olympic Dam. Soon after, he moved to Townsville before landing in Brisbane where he has resided for the past 13 years. Gerardo describes ‘the people’ as the best thing about working at BHP. “I’ve been so fortunate to have worked with colleagues who have supported […]

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Elliott Opportunity II Weiss Asset Management LP purchased a new stake in Elliott Opportunity II Corp. ( – ) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 230,100 shares of the company’s stock, valued at approximately $2,264,000. Weiss Asset Management LP owned approximately 0.30% of Elliott Opportunity II at the end of the most recent reporting period.

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“We’re here to tell you the truth about what’s next,” said Verinext CEO Brian Glahn. “We’re not here to sell you something. We are here to advise you and augment your existing capabilities from the application to the infrastructure and all the things in between. And we do it with a personal touch and a culture that cares about our customers and our employees.” ARTICLE TITLE HERE Verinext, the new name for the game-changing Anexinet-Veristor merger, was officially launched Thursday, kicking off a new era in “what’s next” solutions from the full-service digital transformation powerhouse. The name–which combines “veri” (the Latin prefix for truth) from Veristor and “next,” inspired by Anexinet—came to the fore as a groundswell from the company’s employees who wanted a new brand identity that communicated the combined company’s fiercely independent drive to deliver a full portfolio of “what’s next” digital transformation services to customers, said Verinext CEO Brian Glahn. “We’re here to tell you the truth about what’s next,” said Glahn, referring to the new name as a “natural” outgrowth of feedback from the employees that included a survey on what was the best name for the combined company. “We’re not here to sell you […]

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Cloud communications business, Vonage, has unveiled new research that shows businesses have technology gaps that “prevent them from making meaningful connections with customers.” According to Vonage, after two years of non-stop digital transformation among businesses, only 45% of consumers are “very satisfied” with the way they connect with companies, revealing opportunities to enhance digital transformation efforts with omnichannel communications channels, artificial intelligence (AI)-driven capabilities, and more. Vonage’s 11th Global Customer Engagement Report is based on a survey of nearly 5,000 consumers from 11 countries and explores preferences when it comes to using technology to connect with their favourite brands. The survey also included respondents from six major economies in Asia Pacific (APAC), namely Australia, China, India, Indonesia, Japan and South Korea. Consumer Expectations and Satisfaction The report found that 60% of customers globally are “very satisfied” with friends and family communications, while 45% rate business/service provider communications as high. In APAC, 56% are “very satisfied” with friends and family communications, while only 45% rate business/service provider communications highly. Regarding APAC consumers, the study found that they preferred using mobile phone calls (54%), messaging via non-SMS apps like WhatsApp and Facebook Messenger (48%), and commenting on social media posts (44%) […]

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In 2023, ‘Unicorn Launching’, the comprehensive sponsorship program for startups and small and medium enterprises (SMEs), is expected to approach 100,000 enterprises and support the digital transformation of 3,000 enterprises. VIDEM’s experts introduce some platforms that help enterprises go digitized The program has been launched by the Vietnam Institute of Digital Economy and Management Science (VIDEM) and the Kim Nam Group technological ecosystem. According to experts, Vietnam is becoming a potential destination for investment funds. However, Vietnam’s startups and SMEs face barriers in accessing capital sources, including the unclear legal framework. Meanwhile, enterprises find it difficult to prove the feasibility of projects and expected business efficiency. In addition to the rapid development of the innovative startup ecosystem, a digital ecosystem which supports and incubates startups and SMEs has become an urgent need. Nguyen Kim Hung, acting head of VIDEM, said that a unicorn enterprise is understood a digital technology firm with strong growth. However, ‘Unicorn Launching’ has a larger meaning. Inspired by ‘unicorns’, the program is expected to see exploits that any business can obtain during a short time with the support of the program. "Unicorn Launching" includes a digital ecosystem to support and incubate startups and SMEs. The […]

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SAP and Amazon Web Services (AWS), the world’s most comprehensive and broadly adopted cloud platform, are teaming to accelerate digital transformation to support their customers. This collaboration builds on the success of the longstanding SAP and AWS partnership by bringing together the technology, solutions, and flexibility that customers need to help them succeed in the digital economy. The companies have had a strategic relationship for more than a decade with thousands of customers. This technology-driven project and joint investment is significant in terms of bringing together two powerhouse engineering organizations to drive innovation and support customers’ journeys to becoming sustainable, intelligent enterprises. In fact, SAP is a signatory of Amazon’s Climate Pledge committing to net-zero carbon and has also accelerated its sustainability commitment to 2030. Entering the new year, the companies have prioritized delivering the value of RISE with SAP on AWS by providing customers with the ability to accelerate cloud adoption together with a world-class collection of innovation and extensibility services. This next milestone in the partnership includes: Use of a joint reference architecture to support complex customer requirements Joint marketing planning across multiple channels, such as conferences, SAP marquis and AWS events, as well as demand generation […]

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