Mumbai, May 8 (IANS) Pharma company Biocon Limited on Friday reported a 56.8 per cent year-on-year decline in consolidated net profit to Rs 198.6 crore for the fourth quarter ended March 31, 2026, impacted by exceptional expenses related to multiple factors, including the implementation of the new labour code.The biotechnology major had posted a consolidated net profit of Rs 459.4 crore in the corresponding quarter of the previous financial year, according to a regulatory filing by the company.D…
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New Delhi, May 5 (IANS) Biocon founder Kiran Mazumdar-Shaw has named her niece Claire Mazumdar as her successor, outlining a formal succession plan for the biopharmaceutical company, according to a report.In an interview with Fortune India, Mazumdar-Shaw (73) said she sees Claire (37) as the right person to lead Biocon, a leading biopharmaceutical firm, into its next phase of growth.“I am the sole owner of Biocon, and I need to make sure that I put it in good hands. I have seen my niece Claire…