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<ul class="summary-list"><li>A surfer who never graduated from college has made billions in the biotech industry.</li><li>Summit Therapeutics CEO Bob Duggan is worth about $16 billion after a 1,100% stock gain in 12 months. </li></ul>A surfer <a target="_blank" class="" href="https://www.businessinsider.com/business-leaders-dont-need-college-degree-be-successful">without a college degree</a> has gone from baking cookies to building robots, minting billions in <a target="_blank" class="" href="https://www.businessinsider.com/rich-investing-longevity-biotech-vc-billionaires-2024-1">biotech</a>, and ranking among the world's richest people.Bob Duggan, 80, is the co-CEO and chairman of Summit Therapeutics, a cancer <a target="_blank" class="" href="https://www.businessinsider.com/drug-discovery-startups-set-to-take-off-top-investors-2022-11">drug developer</a>. He has tripled his net worth to $15.9 billion this year, making him the 23rd biggest wealth gainer of 2024 and the 129th richest person on the planet, per the Bloomberg Billionaires Index as of Thursday.His net worth has soared thanks to his more than 550 million shares of Summit, a roughly 75% stake. The company's stock price has surged by over 1,100% in the past 12 months, lifting its market value to over $16 billion.Summit stock jumped from about $12 on September 6 to a record high of $32 on September 13, but has retreated to around $23 since then. It spiked after the company released late-stage trial data showing one of its drugs, Ivonescimab, performed better than Merck's blockbuster Keytruda medication in some lung cancer patients.Duggan stands out in the biotech industry, where most bosses rely on their advanced degrees to navigate complex, jargon-heavy medical research.He spent six years taking classes at UC Santa Barbara in the 1960s, but never intended to get a degree as he was focused on finding ways to <a target="_blank" class="" href="https://www.businessinsider.com/how-to-earn-passive-income-strategies-build-wealth-earning-money-2023-9">make money</a>, he recently told <a target="_blank" class="" href="https://www.wsj.com/tech/biotech/how-a-surfer-who-never-finished-college-became-a-biotech-billionaire-c71eb75f">The Wall Street Journal</a>. Those included investing in Ethernet companies.Duggan opened a bakery called Cookie Muncher's Paradise in 1976 with the help of his then-brother-in-law. They converted it into a luxury sandwich chain, grew it to 16 locations, and then sold it for about $6 million in 1987, according to Bloomberg."People laugh that I was in the cookie business. But you know what? It was the bestselling chocolate-chip cookie ever," he told WSJ. "You know why? Because we engineered it. We engineered it specifically so that it would be soft, so that when you pulled it away, it was like a pizza."<div type="image" title="Summit Therapeutics CEO Bob Duggan." height="1200" width="1345" msid="113698804" hostid="261" sizebytes="51332"></div>Duggan became the CEO and chairman of Computer Motion, a <a target="_blank" class="" href="https://www.businessinsider.com/how-to-earn-passive-income-strategies-build-wealth-earning-money-2023-9">robotic surgery</a> company, in 1990. Intuitive Surgical acquired it for $67 million in stock in 2003, allowing Duggan to cash out his stake for over $150 million eventually.Spurred on by his son's death from brain cancer, Duggan started building a stake in Pharmacyclics, a maker of cancer drugs, in 2004. Pharmaceutical titan AbbVie bought the business for $21 billion in cash and stock in 2015, netting Duggan more than $3 billion, per Bloomberg.He joined Summit's board in 2019 and became CEO and chairman in 2020, making cancer drugs his principal focus. He appears to have caught lightning twice in the brutal biotech space, where many companies pour tons of money and years of work into medications that turn out to be duds.Duggan is also a megadonor to the Church of Scientology, and has backed himself to find and bet on more winning businesses as the head of his own venture capital firm, Duggan Investments.

A surfer without a degree is worth $16 billion after his biotech company's stock soared 1,100% in a year

Reliance Industries, Rossari Biotech, Tata Power and other stocks to watch out for on June 3

<ul><li>At 8:00 am the SGX Nifty was trading flat pointing towards a cautious start for Nifty50. </li><li>Here’s a list of <keyword id="73648" type="PERSON" weightage="20" keywordseo="Stocks-to-watch">stocks to watch</keyword> for in trade today. </li><li>Check out the latest news and updates on Business Insider. </li></ul>Indian stock market is likely to open on a muted amidst mixed cues from global peers. At 8:00 am the SGX Nifty was trading flat pointing towards a cautious start for Nifty50. Whereas, on Wednesday, US stocks ended higher. Dow Jones Industrial Average increased 1.59%, marking its best single-day rise since July 14. Here’s a list of stocks to watch for in trade on September 3: Future Retail Fitch placed Future Retail on ‘Rating Watch Positive’ after it sold a stake to RIL. It reflects the financial stress in the company, irrespective of the sale decision. “Fitch Ratings has placed Indian retailer Future Retail Limited’s (FRL) Issuer Default Rating (IDR) of ‘C’ and the rating on its USD500 million 5.6% senior secured notes due in 2025 of ‘C’ with a Recovery Rating of ‘RR4’ on Rating Watch Positive,”<a href="https://www.fitchratings.com/research/corporate-finance/fitch-places-future-retail-on-rating-watch-positive-on-sale-to-reliance-02-09-2020"> the company said</a>. The shares of Future retail ended 10% lower yesterday. IndusInd Bank IndusInd Bank in focus on back of fundraising plans. The bank has approved allotment of 47 million shares to marquee investors to raise ₹2,495.79 crore. The Finance Committee of the board of directors at its meeting held on September 2 approved allotment shares of the face value of ₹10 each at a price of ₹524 per share. The shares of IndusInd Bank ended 2.10% higher yesterday. Engineers India Order win boost likely for Engineers India. The company has received an order worth ₹4.48 billion from Gail India for setting up PP plant and pipeline at Uran. The shares of Engineers India ended 1% higher on September 2. Coal India Coal India posted a 55% fall in its net profit, with revenue plummeting nearly 26% in the first quarter ended June 30. The company said its volume was impacted due to less demand as most of the industries were shut during the lockdown. The shares of Coal India ended 2% higher on September 2. Rossari Biotech Plutus Wealth Management, a financial advisory company, based in London, bought nearly 3 lakh shares of the company at ₹773.82 per share. The shares of Rossari Biotech ended 13% higher yesterday. JSW Energy JSW Energy promoter Glebe Trading released 84 lakh pledged shares of the company and the Danta Enterprises pledged 1.04 crore shares. The shares of JSW Energy ended 7% higher yesterday. Vodafone Idea The Vodafone Idea board is due to meet tomorrow (September 4) for considering the fundraising proposal. The shares of Vodafone Idea ended 13% higher yesterday. SpiceJet, IndiGo, GVK and other aviation stocks SpiceJet, Indigo, GVK and other aviation stocks will be in focus today as the India civil aviation ministry has raised domestic flight operations to 60%. The shares of Indigo closed 4% higher, GVK was up 5%, whereas SpiceJet was trading flat yesterday. Tata Motors Tata Motors records 21.6% growth in overall domestic sales led by 154% growth in the passenger vehicle segment. Meanwhile the domestic commercial vehicles segment saw a decline of 28%. The shares of Tata Motors closed 5% higher yesterday. SEE ALSO: <a href="https://www.businessinsider.in/india/news/pm-modi-twitter-account-hacked-heres-what-the-hacker-had-tweeted/articleshow/77902203.cms?upcache=2" data-type="tilCustomLink">Twitter account of PM Modi’s personal website hacked— Here’s what the hacker had tweeted</a> <a href="https://www.businessinsider.in/tech/news/google-is-releasing-data-on-how-people-have-been-searching-for-covid-19-symptoms-in-the-hope-it-will-help-researchers-track-the-virus/articleshow/77894169.cms" data-type="tilCustomLink">Google is releasing data on how people have been searching for COVID-19 symptoms, in the hope it will help researchers track the virus</a>

Top stocks to watch— Future Retail, IndiGo, SpiceJet, Tata Motors, IndusInd Bank, Coal India, Engineers India, Rossari Biotech, Vodafone-Idea and more

<ul><li>At 7:40 am, the SGX Nifty was down 0.12% at 8.63 points pointing towards a lower start for Nifty50.</li><li>Here’s a list of <keyword id="73648" type="PERSON" weightage="20" keywordseo="Stocks-to-watch">stocks to watch</keyword> for in trade today. </li><li><a href="https://www.businessinsider.in/">Check out the latest news and updates on Business Insider.</a> </li></ul>Amid mixed cues from the global peers, Indian stock-market indices are likely to open on a muted note on Thursday. At 7:40 am, the SGX Nifty was down 0.12% at 8.63 points pointing towards a lower start for Nifty50. However, the Dow Jones Industrial Average rose 0.3%, to 28,331.92 on Wednesday, on the back of a strong rally in tech-related shares. These are the stocks to watch out for during the trading session on Thursday: ICICI Bank ICICI Bank on Wednesday said it would sell up to 2% of its holding in ICICI Securities through an open market transaction. “The Board of Directors of the bank, at its meeting held today, approved the sale of up to 6,442,000 equity shares of face value ₹5 each of ICICI Securities Limited (company), representing up to 2% of its issued and paid-up equity share capital, through an open market sale,” the bank said in a regulatory filing. The shares of ICICI Bank ended nearly a percent higher on Wednesday. Oberoi Realty, Godrej Properties and other real estate stocks The Maharashtra government has decided to slash stamp duty on sale deed documents by 3% from September 1 to December 31, 2020, and by 2% from January 1, 2021 to March 31 2021. The shares of Oberoi Realty ended nearly 2% lower on Wednesday, whereas Godrej Properties was down nearly a percent. Hindustan Aeronautics Limited The Union Government is selling 15% of its equity stake in the state-owned Hindustan Aeronautics Ltd (HAL) at ₹1,001 per share to raise about ₹5,000 crore through an offer for sale (OFS). “The Defence Ministry has notified the stock exchanges in the evening on selling 15% of its equity stake (5.01-crore shares) in the company at ₹1,001 per share of ₹10 face value through OFS,” a company official <a href="https://www.sify.com/finance/govt-to-sell-15-stake-in-hal-through-sale-offer-news-news-ui0skQhedbahj.html">told IANS</a>. The shares of HAL ended nearly a percent higher on Wednesday. Mahindra and Mahindra Limited Automobile major Mahindra &amp; Mahindra and e-mobility technology company REE Automotive has entered into a memorandum of understanding (MoU) to explore development and manufacturing of commercial electric vehicles for global markets. “The partnership will support REE’s global customer need for 200,000-250,000 electric commercial vehicle units over a few years, including potential Mahindra’s domestic and international volumes. Production would be scaled further to support additional volume in the global as well as Indian market,” the company said. The shares of M&amp;M ended over 1% higher on Wednesday. Infosys Infosys has launched an AI-driven solution that will automate help desk operations, allow customers to eliminate manual resolution and build near-touchless contact centres in the Covid-19 times. Infosys partnered Blue Prism, a leading Robotic Process Automation (RPA) provider and a strategic partner, to build the ‘Cognitive Email Workbench’ solution. The shares of Infosys ended nearly 2% higher on Wednesday. Rossari Biotech SBI Mutual fund increased its stake in Rossari Biotech from 4.80% to 5.25%. The shares of Rossari Biotech ended nearly 2% lower on Wednesday. Allcargo Logistics The board of directors of Allcargo Logistics will meet today to consider and approve the voluntary delisting of shares The shares of Allcargo Logistics ended nearly 2% lower on Wednesday. Jindal Stainless Jindal Stainless’ board approved raising up to ₹162.8 crore through issue of convertible equity warrants. “The board of directors of Jindal Stainless Ltd at its meeting held today...considered and approved raising funds through issue of convertible equity warrants for an amount up to ₹162.8 crore on preferential basis,” the company said in a filing to the stock exchanges. The shares of Jindal Stainless ended nearly 3% higher on Wednesday. ITC, VST Industries and Godfrey Phillips For providing benefits to farmers, a parliamentary panel has recommended permitting regulated foreign direct investment (FDI) in the tobacco sector and establishing export-only tobacco farms to boost outward shipments. The shares of ITC ended nearly a percent lower on Wednesday. Indraprastha Gas The company reported 88% fall in its net profit to Rs 35.2 crore for the first quarter ended June 30. The company's total revenue declined 58.9% to Rs 638 crore. The shares of Indraprastha Gas ended flat on Wednesday. SEE ALSO:<a href="https://www.businessinsider.in/science/space/news/mars-spotted-first-time-by-uae-hope-probe-on-its-maiden-voyage-in-space/articleshow/77775267.cms" data-type="tilCustomLink"> UAE’s Hope probe spots Mars for the very first time on its maiden voyage through space</a> <a href="https://www.businessinsider.in/tech/news/apples-new-iphone-operating-system-is-making-it-harder-for-facebook-to-track-people-and-facebook-warns-it-will-decimate-part-of-its-business/articleshow/77769482.cms" data-type="tilCustomLink">Apple's new iPhone operating system is making it harder for Facebook to track people, and Facebook says it will decimate part of its business</a>

​Top stocks to watch in trade— ICICI Bank, Oberoi Realty, Godrej Properties, HAL, Infosys, M&M, ITC, Rossari Biotech, Allcargo and more

<ul><li>At 7:55 am, the SGX Nifty was up 0.35% at 8.71 points pointing towards a tepid start for Nifty50.</li><li>Here’s a list of <keyword id="73648" type="PERSON" weightage="20" keywordseo="Stocks-to-watch">stocks to watch</keyword> for in trade today. </li><li><a href="https://www.businessinsider.in/">Check out the latest news and updates on Business Insider.</a> </li></ul>Indian stock-market indices are likely to open in green on Monday, on the back of positive cues from the Asian peers. At 7:55 am, the SGX Nifty was up 0.35% at 8.71 points pointing towards a higher start for Nifty50. These are the stocks to watch out for during the trading session today: Indiabulls Housing Finance Indiabulls Housing Finance reported a 65.5% drop in its net profit to ₹272.5 crore for the quarter ended June. The company said it expects its loan book to start growing from here on, as it believes the phase of reduction in loan book and AUM (assets under management) is over. The shares of Indiabulls Housing Finance ended nearly a percent lower on Friday. Mindspace Business Parks REIT Public unit holder of the Mindspace Business Parks, BREP Asian SG Pear Holding created an encumbrance of 5.43 crore units amounting to a 9.16% stake in favour of certain overseas financial institutions availed for a credit facility availed by the trust. “The volume-weighted average price of the Units over which the Encumbrance was created was ₹300.63 as on August 18, 2020,” the company said in a release to the stock-exchanges. The shares of Mindspace Business Parks REIT ended 2% higher on Friday. Tata Power Tata Power announced that the Mumbai bench of the National Company Law Tribunal (NCLT) approved the withdrawal of the scheme of arrangement between the Company, Tata Power Renewable Energy, Supa Windfarm, Nivade Windfarm, Tata Power Green Energy and their respective shareholders and creditors. The shares of Tata Power ended nearly a percent higher on Friday. Dixon Technologies The Board of Dixon Technologies at a meeting held on August 22, has approved raising of funds up to an aggregate amount not exceeding ₹200 crores by way of issuance of any instrument or security, including equity shares, fully / partly convertible debentures, non-convertible debentures, foreign currency convertible bonds, warrants, or any combination thereof, in one or more tranches. The shares of Dixon Tech ended nearly a percent higher on Friday. Reliance Industries RIL concludes amalgamation and merger amongst its wholly-owned subsidiaries Reliance Holdings USA into Reliance Energy Generation and Distribution. Merger entity Reliance Energy and Distribution has further merged into RIL. The shares of RIL ended nearly a percent lower on Friday. IIFL Finance Limited The board of Finance Committee of IIFL Finance Limited will meet on August 26, to consider and approve the offer document and other terms and conditions of the issue and allotment of Non-Convertible Debentures on private placement basis. The shares of IIFL Finance Limited ended 2% lower on Friday. Future Enterprises The board was expected to discuss the merger of three group companies- Future Lifestyle, Future Supply Chain, and Future Retail- in a meeting on Saturday. However, the company announced that it had postponed its board meeting to be held on August 22, by a week to August 28. The shares of Future Enterprises ended 5% higher on Friday. Future Retail Also watch out for Future Retail in trade today. It faces a debt repayment deadline after missing an interest payment of $14 million in July. The 30-day grace period also ended on August 22. The shares of Future Retail ended nearly 4% lower on Friday Rossari Biotech Rossari recorded 14.3% fall in revenue to ₹109.4 crore, but its net profit grew 7.4% to ₹15.2 crore as the cost of goods consumed in the making of its products fell by nearly a third. The input cost was the biggest saving in the latest earnings report. The shares of Rossari Biotech ended 4% higher on Friday. SEE ALSO: <a href="https://www.businessinsider.in/stock-market/markets/news/ril-airtel-and-futures-expiry-will-put-pressure-on-nifty-this-week/articleshow/77705972.cms" data-type="tilCustomLink">RIL, Airtel and futures expiry will put pressure on Nifty this week</a> <a href="https://www.businessinsider.in/stock-market/news/stock-investors-are-the-most-bullish-theyve-been-in-15-years-one-measure-shows/articleshow/77705715.cms" data-type="tilCustomLink">Stock investors are the most bullish they've been in 15 years, one measure shows</a>

Top stocks to watch on Monday— Indiabulls Housing Finance, Future Enterprises, RIL, Tata Power, Dixon Tech, Rossari Biotech and more

<ul><li>At 7:45 am, the SGX Nifty was down 1% at 8.56 points pointing towards a lower start for Nifty50.</li><li>Here’s a list of <keyword id="73648" type="PERSON" weightage="20" keywordseo="Stocks-to-watch">stocks to watch</keyword> for in trade today. </li><li><a href="https://www.businessinsider.in/">Check out the latest news and updates on Business Insider.</a> </li></ul>Indian stock-market indices are likely to open in green on Friday, on the back of positive cues from the global markets. At 7:45 am, the SGX Nifty was down 1% at 8.56 points pointing towards a lower start for Nifty50. US stocks finished higher on Thursday, buoyed by strong gains in tech shares. Nasdaq ended at a record high. Asian markets too have opened on a positive note. These are the stocks to watch out for during the trading session today: Future Retail and RIL <a href="https://www.business-standard.com/article/companies/future-enterprises-board-likely-to-discuss-merger-plan-on-saturday-120082100066_1.html">According to reports</a>, the board of Future Enterprises is likely to discuss the proposal to merge other listed group entities, such as Future Lifestyle, Future Retail, and Future Supply Chain Solutions, with itself on Saturday. After completing the process, Ambani’s owned Reliance Industries will be investing ₹8,500 crore in the merged entity by way of additional capital, said the report. The shares of RIL ended nearly 2% lower, whereas Future Retail was up 4% yesterday. Divi’s Lab and SBI Life Insurance SBI Life Insurance and Divi’s Lab will enter benchmark index Nifty50 on September 25, the stock-exchange said on Thursday. It will replace Zee Entertainment and Bharti Infratel on the index. The shares of Divi’s Lab ended nearly a percent higher, whereas SBI life Insurance tanked nearly 2% yesterday. Wipro Wipro has set up a blockchain-based gas trading platform for Uniper Global Commodities SE. The platform is built in collaboration with Uniper Global utilises a consortium model for all ssLNG market participants to help transform the trading market space, which will result in significant market efficiencies and cost savings for traders. The shares of Wipro closed nearly 2% lower yesterday. Indian Overseas Bank The Indian Overseas Bank posted a net profit of ₹121 crore for the first quarter ended June 30, mainly due to fall in bad loans. Total income of the bank during April-June 2020-21 rose to ₹5,233.63 crore from ₹5,006.48 crore in the same period of the previous fiscal, mainly due to an increase in treasury income, it said. The shares of IOB closed nearly 5% higher yesterday. Premier Explosives Premier Explosives won an order from Israel Aerospace Industries Limited. The company also added that the order is expected to be delivered within 9 months. The shares of IOB closed over 1% lower yesterday. Future Enterprises Kishore Biyani-led Future Enterprises Ltd (FEL) on Thursday said it has defaulted on interest payment of non-convertible debentures. "The company is unable to service its obligations in respect of the interest on non-convertible debentures (NCDs) due on August 16, 2020, since August 16, 2020 was holiday, interest was due on 17 August 2020," Future Enterprises said in a filing to stock-exchanges. The shares of Future Enterprises closed over 5% higher yesterday. Hindalco Hindalco Industries has signed an MoU with UltraTech Cement to deliver 1.2 million metric tonne of bauxite residue annually to the cement company’s 14 plants located across seven states. Hindalco claims to be the world’s first company to achieve 100% red mud (bauxite residue) utilisation, across three of its refineries. The shares of Hindalco closed nearly a percent higher yesterday. Punjab National Bank, Oil India, Indiabulls Housing Finance, Coffee Day Enterprises, Rossari Biotech These companies are slated to report their first-quarterly earnings today. SEE ALSO: <a href="https://www.businessinsider.in/business/ecommerce/news/indias-e-commerce-is-now-even-better-than-before-smaller-cities-add-to-the-bounty-while-metros-continue-to-lead/articleshow/77655199.cms" data-type="tilCustomLink">India’s e-commerce is now even bigger than pre-COVID – smaller cities add to the bounty while metros continue to lead</a> <a href="https://www.businessinsider.in/finance/news/rbi-governor-wants-keep-indias-monetary-war-chest-dry-for-future-use/articleshow/77656482.cms" data-type="tilCustomLink">RBI Governor wants keep India's monetary war chest dry for future use</a>

Top stocks to watch today— Wipro, Future Retail, RIL, Divi’s Lab, SBI Life Insurance, Hindalco, Rossari Biotech and more

<ul><li><keyword id="8830896" type="UNKNOWN" weightage="20" keywordseo="Rossari-Biotech">Rossari Biotech</keyword> listed at ₹677.10 on the bourses, with an upside of 59% </li><li>The Mumbai-based speciality chemical maker, Rossari Biotech’s IPO, was subscribed 79 times, with non-institutional investors leading the charge.</li><li>The IPO was issued at a price band of ₹425.</li></ul>The ₹496 crore IPO of Rossari Biotech had a bumper listing today. The stock added nearly 16.4% in a few hours of its listing debut. The IPO was issued at a price band of ₹425, but it listed at ₹677.10, with an upside of 59% <div type="image" title="Copy of Rossari (1)" msid="77124535" hostid="261"></div> Its market cap rose to ₹3,981 crore. A total traded quantity of 18.36 lakh shares changed hands on BSE amounting to a turnover of ₹128.14 crore. The Mumbai-based speciality chemical maker, Rossari Biotech’s IPO, was subscribed 79 times, with non-institutional investors leading the charge, oversubscribing by almost 240 times. Non-institutional investors are those who bid more than ₹2 lakh in an IPO. The reason behind the bumper listing is the company's wide variety of customers ranging from FMCG and apparel to poultry and animal feed industries to companies that make home and personal care products. Some of the significant customers include HUL, Panasonic India, RSPL Ltd, IFB Industries Ltd. and Millennium Papers. <div type="Youtube" id="F5N4v_XPbR0" title="Rossari Biotech is hiring ⁠— and the company’s average salary is ₹10 lakh per year" thumbUrl="https://i.ytimg.com/vi/F5N4v_XPbR0/mqdefault.jpg"></div> SEE ALSO:<a href="https://www.businessinsider.in/business/corporates/news/asian-paints-share-price-this-may-be-the-worst-summer-for-sales-and-profit/articleshow/77119613.cms" data-type="tilCustomLink"> Shareholders await Asian Paints’ account of a lost summer</a> <a href="https://www.businessinsider.in/finance/banks/news/indian-public-sector-bank-employees-get-15-wage-hike-and-performance-linked-incentives-after-three-years-of-waiting/articleshow/77114388.cms" data-type="tilCustomLink">Indian public sector bank employees get 15% wage hike and performance-linked incentives after three years of waiting</a>

Stellar listing for Rossari Biotech - stock price surges over 16% on listing day

<ul><li>The founders expect ‘manifold growth’ in the coming years and therefore are in the search for the right talent.</li><li>The current vacancies are in research and technical sales.</li><li>Rossari Biotech is setting up another manufacturing facility at Dahej in Gujarat with a proposed capacity of <a href="https://www.bloombergquint.com/ipos/rossari-biotech-ipo-heres-all-you-need-to-know">132 billion tonnes</a> per annum. </li></ul>The Mumbai-based speciality chemical maker Rossari Biotech is looking to hire more people as it expands its business post the initial public offering (IPO). For the uninitiated, this is a company that makes popular household products like Vim, Rin, and Surf for the brand owners like Hindustan Unilever, Dabur, and many more to name a few. According to <a href="https://www.businessinsider.in/stock-market/markets/news/rossari-biotech-ipo-analysis-and-comparison-with-camlin-fine-srf-and-clariant/articleshow/76953016.cms">analysts, the 23-year old company ⁠— which competes with the likes of BASF and Dow Chemicals ⁠— is poised for strong growth</a>. “We are a growing manifold, the need for our company is at the peak. We need human resources. So this is going to be a big focus for our company in future,” Sunil Chari Managing Director and Co-Founder at <a href="https://www.facebook.com/BusinessInsiderIndia/videos/286494852795378">Rossari Biotech told Business Insider.</a> Chari revealed that the company has an average salary package of more than ₹10 lakh, which is better in comparison to its peers. “It is mostly a knowledgeable workforce,” he said. According to him, at this moment, the company is looking for people in research and technical sales. “But, we will require people in HR. We will require people in the admin. We will require people in the factory. It will be a basket of posts,” he added. He said the company is cautious towards the capital at this moment and will hire every quarter based on its performance. “In this quarter we have plans of hiring some people. But the next quarter coming it depends on the growth,” he said. “In the last 3 months, we would have taken at least 15 people in the personal care segment at Dahej. We are one of the few people recruiting in these times. We see a good quarter. We see good growth for the entire industry this year. So, we are bullish on hiring,” he added. Currently, Rossari Biotech manufactures a majority of its products in its manufacturing facility at Silvassa. It is also setting up another manufacturing facility at Dahej in Gujarat with a proposed capacity of <a href="https://www.bloombergquint.com/ipos/rossari-biotech-ipo-heres-all-you-need-to-know">132 billion tonnes per annum</a>. Rossari Biotech’s ₹496 crore initial public offering has been subscribed nearly three times on Day 2 of the bidding process. The bidding will remain open till end of day (July 15) with a fixed price band of ₹423-425 per equity share. SEE ALSO: <a href="https://www.businessinsider.in/stock-market/news/barbecue-nation-ipo-must-be-priced-the-same-way-as-its-menuvalue-for-money/articleshow/76961459.cms" data-type="tilCustomLink">Barbeque Nation IPO must be priced the same way as its menu—value for money</a> <a href="https://www.businessinsider.in/stock-market/news/wipro-share-price-16-increase-leads-to-surge-in-infosys-share-price-too/articleshow/76973619.cms" data-type="tilCustomLink">Wipro share price 16% increase leads to surge in Infosys share price too</a> <a href="https://www.businessinsider.in/stock-market/markets/news/rossari-biotech-ipo-analysis-and-comparison-with-camlin-fine-srf-and-clariant/articleshow/76953016.cms" data-type="tilCustomLink">Rossari Biotech IPO⁠— 40 scientists, China, and other factors that make the share sale hot</a>

Rossari Biotech is hiring ⁠— and the company’s average salary is ₹10 lakh per year

<ul><li>Indian stock market indices opened in green on Friday.</li><li>The BSE Sensex was trading 0.87% higher at 38,551.15; while NSE Nifty was up 98.05 points at 11,410.25. </li><li>These are the top stocks that are buzzing the D-street today.</li><li><a href="https://www.businessinsider.in/">Check out the latest news and updates on Business Insider.</a> </li></ul>Indian stock market indices, Sensex surged over 300 points in early trade on Friday led by gains in index-heavyweights HDFC Bank, Reliance Industries and Infosys amid strong cues from global markets. The BSE Sensex was trading 0.87% higher at 38,551.15; while NSE Nifty was up 98.05 points at 11,410.25. PowerGrid was the top gainer in the Sensex pack, rising around 3%, followed by SBI, HDFC Bank, IndusInd Bank, Axis Bank, Tata Steel, Reliance Industries and Infosys. On the other hand, Bharti Airtel was the sole laggard in early trade. These are the top stocks that are buzzing the D-street today. SBI gained nearly 3% <div type="image" title="SBI August 21" msid="77668593" hostid="261"></div> State Bank of India shares gained nearly 3% after <a href="https://www.bloombergquint.com/business/sbi-indias-largest-lender-readies-plan-for-restructuring-relief-to-retail-borrowers-or-exclusive">news reports surfaced </a>that the bank is finalising its plan to offer restructuring relief to retail borrowers. The banking regulator has already permitted lenders to do so. The restructuring plan will be designed strictly for retail or individual borrowers directly affected by COVID-19, the report added. Hindalco gained nearly 2% <div type="image" title="HIndalco August 21" msid="77668598" hostid="261"></div> Hindalco shares gained nearly 2% after the company signed an MoU with UltraTech Cement to deliver 1.2 million metric tonne of bauxite residue annually to the cement company’s 14 plants located across seven states. Wipro up over 1% <div type="image" title="Wipro August 21" msid="77668651" hostid="261"></div> Wipro shares were trading 1% higher on August 21 a day after the company set up a blockchain-based gas trading platform for Uniper Global Commodities SE. Future Enterprises gains 5% <div type="image" title="Future Enterprises August 20" msid="77668677" hostid="261"></div> Future Enterprises was trading 5% higher as<a href="https://www.business-standard.com/article/companies/future-enterprises-board-likely-to-discuss-merger-plan-on-saturday-120082100066_1.html"> reports suggest </a>that company is due to discuss the proposal to merge other listed group entities, such as Future Lifestyle, Future Retail, and Future Supply Chain Solutions, with itself on Saturday. SBI Life gains over 4% on Nifty inclusion <div type="image" title="SBI life August 20" msid="77668708" hostid="261"></div> Shares of SBI Life Insurance gained nearly 4% after the benchmark index Nifty50 said the company would be included from September 25 onwards. Jet Airways down over 1% after the company extends insolvency resolution <div type="image" title="Jet Airways August 21" msid="77668751" hostid="261"></div> Defunct airline Jet Airways’ shares fell over 1% after the deadline for completion of insolvency resolution process was extended for the fourth time due to the pandemic. “While the CoC (Committee of Creditors) and the RP are taking all necessary steps to expedite the insolvency process, it is difficult to exactly predict when it will be completed,” Resolution Professional for the airline, Ashish Chhawchharia, said in a letter to the employees. Rossari climbed over 4% <div type="image" title="Rossari August 21" msid="77668777" hostid="261"></div> Rossari shares climbed over 4% during the early trade hours on Friday. The company is slated to report its first-ever quarterly earnings since it listed on the Indian bourses last month. Reliance Industries shares gained nearly a percent during morning trade <div type="image" title="SBI" msid="77668832" hostid="261"></div> RIL opened 1% higher on August 20 after <a href="https://economictimes.indiatimes.com/tech/internet/saudi-arabias-public-investment-fund-looks-to-invest-up-to-1-billion-in-jios-fibre-assets/articleshow/77665968.cms">news reports surfaced</a> that the Saudi Arabia's Public Investment Fund (PIF) has initiated discussions with RIL on investing as much as $1 billion in Jio's fibre assets, adding to a stake purchase in Jio Platforms. SEE ALSO:<a href="https://www.businessinsider.in/tech/news/facebook-asked-to-appear-before-parliamentary-panel-in-india-to-discuss-safeguarding-citizens-rights/articleshow/77666642.cms" data-type="tilCustomLink"> Facebook asked to appear before Parliamentary Panel in India to discuss 'safeguarding citizens' rights'</a> <a href="https://www.businessinsider.in/tech/apps/news/google-eyes-indias-sharechat-as-microsoft-goes-after-tiktok-in-the-us-heres-why-it-makes-sense/articleshow/77667345.cms" data-type="tilCustomLink">Google eyes India’s ShareChat as Microsoft goes after TikTok in the US — here’s why it makes sense</a>

You Searched For "Rossari Biotech share price" and got 9 results

A surfer without a degree is worth $16 billion after his biotech company's stock soared 1,100% in a year

Theron Mohamed

Reliance Industries, Rossari Biotech, Tata Power and other stocks to watch out for on June 3

Rounak Jain

Top stocks to watch— Future Retail, IndiGo, SpiceJet, Tata Motors, IndusInd Bank, Coal India, Engineers India, Rossari Biotech, Vodafone-Idea and more

Navdeep Yadav

Top stocks to watch in trade— ICICI Bank, Oberoi Realty, Godrej Properties, HAL, Infosys, M&M, ITC, Rossari Biotech, Allcargo and more

Navdeep Yadav

Top stocks to watch on Monday— Indiabulls Housing Finance, Future Enterprises, RIL, Tata Power, Dixon Tech, Rossari Biotech and more

Navdeep Yadav

Top stocks to watch today— Wipro, Future Retail, RIL, Divi’s Lab, SBI Life Insurance, Hindalco, Rossari Biotech and more

Navdeep Yadav

Stellar listing for Rossari Biotech - stock price surges over 16% on listing day

Navdeep Yadav

Rossari Biotech is hiring ⁠— and the company’s average salary is ₹10 lakh per year

Navdeep Yadav

Top stock movers on Dalal Street today— RIL, SBI, Infosys, Wipro, Future Enterprises, Rossari, Jet Airways and more

Navdeep Yadav

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You Searched For "Rossari Biotech share price" and got 9 results

A surfer without a degree is worth $16 billion after his biotech company's stock soared 1,100% in a year

Theron Mohamed

Reliance Industries, Rossari Biotech, Tata Power and other stocks to watch out for on June 3

Rounak Jain

Top stocks to watch— Future Retail, IndiGo, SpiceJet, Tata Motors, IndusInd Bank, Coal India, Engineers India, Rossari Biotech, Vodafone-Idea and more

Navdeep Yadav

​Top stocks to watch in trade— ICICI Bank, Oberoi Realty, Godrej Properties, HAL, Infosys, M&M, ITC, Rossari Biotech, Allcargo and more

Navdeep Yadav

Top stocks to watch on Monday— Indiabulls Housing Finance, Future Enterprises, RIL, Tata Power, Dixon Tech, Rossari Biotech and more

Navdeep Yadav

Top stocks to watch today— Wipro, Future Retail, RIL, Divi’s Lab, SBI Life Insurance, Hindalco, Rossari Biotech and more

Navdeep Yadav

Stellar listing for Rossari Biotech - stock price surges over 16% on listing day

Navdeep Yadav

Rossari Biotech is hiring ⁠— and the company’s average salary is ₹10 lakh per year

Navdeep Yadav

Top stock movers on Dalal Street today— RIL, SBI, Infosys, Wipro, Future Enterprises, Rossari, Jet Airways and more

Navdeep Yadav

Popular Keywords

Buying Guides

Top stocks to watch in trade— ICICI Bank, Oberoi Realty, Godrej Properties, HAL, Infosys, M&M, ITC, Rossari Biotech, Allcargo and more