WebinarsNew
Deep DiveNew
Explore Business Standard
Syngene International Ltd on Friday said that its Managing Director & Chief Executive Officer, Peter Bains, has resigned as part of leadership succession. Bains has resigned from the position of MD & CEO with effect from the close of business hours on June 30, Syngene International said in a regulatory filing. In his resignation letter to the chairman of the company's board, Bains said he is resigning from his position following "our recent discussions regarding leadership succession and CEO transition". Syngene International is a contract research, development and manufacturing organisation and is part of the Biocon group.
Labour's Andy Burnham, the current mayor of Greater Manchester, has won a special election for a seat in Parliament that puts him in a position to challenge embattled Prime Minister Keir Starmer for leadership of the country. Burnham decisively won the seat of Makerfield in northwest England over Rob Kenyon of the anti-immigration party Reform UK. The victory announced early Friday cements the status of Burnham, a 56-year-old politician nicknamed the King of the North, as the top contender to replace Starmer as leader of the Labour Party and the country. Burnham won almost 55 per cent of the 45,510 votes cast for a field of more than a dozen candidates, over 9,000 more than runner-up Kenyon. Burnham's victory speech left no doubt that he wants to lead the country, and not just be one of the more than 400 Labour lawmakers in the 650-seat House of Commons. "Everyone knows that politics isn't working," he said. "Everyone can feel that the country isn't where it should be. Tonight coul