The bonds will be issued by Biocon Biologics Global plc which is a wholly owned subsidiary of BBL and will be backed by a strong security package, the company said.
Hotel stocks plummeted, with Indian Hotels Company leading the decline at 6.8%, amid escalating India-Pakistan tensions following drone strikes by Pakistan. India responded with counterstrikes
Following the closure of 27 airports due to the ongoing military situation, aviation stocks are under scrutiny. Airlines like IndiGo and Air India are rerouting
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