Cereals exports rise 53% to Rs 49,832 cr in Apr-Dec: Commerce min

wayne


The country’s cereals exports have increased by about 53 per cent to Rs 49,832 cr during April-December 2020 on an year-on-year basis, according to the data of commerce ministry.


Basmati rice exports too grew by 5.31 per cent to Rs 22,038 crore while the non-basmati segment witnessed a spike in exports by 122.61 per cent to Rs 22,856 crore, the ministry said in a statement.



Wheat exports rose to Rs 1,870 crore, while the outbound shipments of other cereals like millet and maize grew by 177 per cent to Rs 3,067 crore, it added.


“Cereals have a share of 48.61 per cent in the total exports under the APEDA (Agricultural and Processed Food Products Export Development Authority) basket,” it said.

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue

Indegene’s valuation reaches $700 mn; raises $200 mn from Carlyle, Brighton

wayne


Private equity firm and Brighton Park Capital are investing $200 million in Indegene, the Bengaluru-headquartered enterprise healthtech solutions provider, for a minority stake. The transaction, which is subject to customary regulatory approvals, consists of a secondary sale from existing shareholders of Indegene and a primary investment into the company. The firm did not reveal the valuation after this funding round. According to the sources, the valuation of Indegene has increased to about $700 million.


Rising competition in the global pharmaceutical market is shifting business models and driving multi-year digital transformation programmes. Decisions are increasingly data-driven and leading healthcare enterprises are seeking partners with strong domain knowledge and modern technology skills as a result. Given the wider adoption of digital initiatives within the healthcare industry, Indegene plans to use the primary investment from Carlyle and Brighton Park to accelerate its M&A (merger and acquisition) and global expansion plans.



“Carlyle’s commitment to the with its global network and deep pharmaceutical expertise, coupled with Brighton Park’s deep experience in the technology sector and nuanced understanding of our space, makes the two firms the ideal partners, to support our company’s continued

AOC Video Cements Status As Progressive Star And Scourge Of Right

wayne

Alexandria Ocasio-Cortez’s livestream video in which she described how she feared for her life during the Capitol assault and revealed she is a survivor of sexual assault has reinforced why the US lawmaker is a leftist hero.

It also pointed to her status as a lightning rod for outrage among conservatives, whose insistence that Washington move on from the riots she likened to the denial tactics used by abusers.

“They’re trying to tell us to move on without any accountability, without any truth-telling, or without confronting the extreme damage, loss of life, trauma,” Ocasio-Cortez said in front of 150,000 people on Instagram Live.

“I’m a survivor of sexual assault and I haven’t told many people that in my life,” the 31-year-old told her followers.

“As a survivor, I struggle with the idea of being believed,” she added, without giving further details about the assault or when it took place.

Ocasio-Cortez, one of America’s most prominent progressive politicians and known widely as “AOC” — has harnessed the power of social media to galvanize young voters in the United States.

For just over an hour on Monday she detailed her experience of the January 6 storming of the US Capitol by pro-Tump

Subscribe Now