tata: Tata Starbucks revenue up 76% to Rs 636 cr in FY22; reduces net loss significantly

Coffee chain operator Tata Starbucks Ltd has reported a 76 per cent growth in revenue to Rs 636 crore for 2021-22 and “significantly” reduced its net loss, driven by normalisation of operations following easing of COVID-related restrictions. Its revenue growth was led by higher realisation from existing stores and new stores added during the financial … Read more

Centre reduces excise duty on petrol by Rs 8 and on diesel by Rs 6/litre

Finance Minister Nirmala Sitharaman on Saturday said Centre has decided to reduce excise duty on petrol by Rs 8 per litre and on diesel by Rs 6 per litre to avoid increase in fuel prices that were necessitated due to surge in international oil prices. The move will have revenue implication of around … Read more

Sanofi Sarclisa combo reduces risk of multiple myeloma getting worse by ~3 years in trial

HJBC/iStock Editorial via Getty Images Sanofi (NASDAQ:SNY) said new data from a late stage study of its multiple myeloma therapy Sarclisa, in combination with other drugs, showed reducing the risk of disease getting worse by a median of nearly three years. The phase 3 trial, dubbed IKEMA, evaluating Sarclisa (isatuximab) in combination with chemotherapy carfilzomib … Read more