Biocon Founder Names Niece Claire as Successor

Kiran Mazumdar-Shaw has identified her niece, Claire Mazumdar, as the future leader of Biocon, as part of a structured succession plan. Claire, CEO of Bicara Therapeutics, holds degrees from MIT and Stanford.

Rupee hits record low of 95.40 against US dollar

The Indian rupee tumbled to a record low of 95.40 against the US dollar in early trade on Tuesday, falling 17 paise from its previous closing. The currency had already ended Monday at its weakest-ever closing mark of 95.23.

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