The company's stock opened at $17, compared with the initial public offering price of $18 per share. Bright Health had priced 51.3 million shares below its targeted price range of $20 to $23, raising $924.3 million.
The Delta Covid-19 variant has increased ability to break through natural immunity barriers after infection as well as after vaccination and that too with high viral load, the latest INSACOG-Cambridge University study on its spread in Mumbai and Delhi showed.In the study, mathematical modelling indicated that the variant reinfected many who had been infected in the first wave in India.Given Delta's immune system evasion ability, the study cautioned that strong infection control measures and boos
A senior government official said as per the proposed national assets monetisation pipeline, Niti Aayog has proposed segregating constructed projects and transferring them to an SPV, under the CPSU that owns the projects.
The resolution of raising equity capital by follow-on public offer (FPO), QIP or preferential issue, among others, aggregating to Rs 5,000 crore was passed by shareholders of the bank with the requisite majority, Bank of Maharashtra said.
About a year ago, genetic sequences from more than 200 virus samples from early cases of COVID-19 in Wuhan, China, disappeared from an online scientific database.Now, by rooting through files stored on Google Cloud, a researcher in Seattle reports that he has recovered 13 of those original sequences intriguing new information for discerning when and how the virus may have spilled over from a bat or another animal into humans.The new analysis, released Tuesday, bolsters earlier suggestions that
Our job is to go about doing our work. Their job is to meet on Twitter, over Facebook, in virtual press conferences... they are disconnected with people, but we will remain connected with people, Nadda said.
The survey results are released in the public domain, besides being used for compilation of balance of payments (BoP) statistics and other uses, it said in a release. In another release, the RBI said it has also launched the 2020-21 round of the annual survey on 'Foreign Liabilities and Assets of Mutual Funds and Asset Management Companies'.
A study by the Buenos Aires Ministry of Health to monitor the safety of the Sputnik V vaccine against COVID-19 confirmed on Thursday that it is the safest among the vaccines.SputnikV shows the safest profile among #COVID vaccines used in the Buenos Aires province in Argentina, no deaths related to vaccination recorded - the province Health Ministry, tweeted Sputnik V.There were no deaths related to the Russian vaccine, and most post-vaccination events were mild, such as fever, headaches, and pai
Reliance Jio has the opportunity to tap into a 300 million user base with its ultra-affordable 'JioPhone Next' smartphone but the final pricing and overall performance would be key in this segment, according to industry watchers. Reliance Jio teamed up with tech titan Google to develop its made-for-India 'JioPhone Next' that is slated to be available from September 10. While the pricing is yet to be announced, Reliance Industries Chairman Mukesh Ambani said JioPhone Next will be the most-afforda
MUMBAI: Funding costs for Reliance Industries (RIL), Indias biggest company by all conventional financial yardsticks, dropped 42 basis points in the past one year, with the decline in average cost of debt capital at the oil-to-retailing major far outpacing the reduction in broader market rates.A basis point is 0.01%.The average differential or spread of three-year RIL bonds with the sovereign benchmark slipped to 53 basis points from 95 bps in April last year, reflecting investor appetite for RI
We are dealing with uncertainty. Third wave may happen but we don't know how it will unfold. We need to take some steps against the third wave as a policymaker, and we will carry monetary and fiscal interventions if required.
Our priority is to strengthen grassroots democracy in J&K. Delimitation has to happen at a quick pace so that polls can happen and J&K gets an elected Government that gives strength to J&K's development trajectory, he said.
The International Monetary Fund is holding open, constructive discussions with Pakistan as part of a sixth review of the country's 39-month, $6 billion financing program that began in 2019, IMF spokesman Gerry Rice said on Thursday. Rice declined to say if disbursements under that program had been halted, but said further discussions were needed about Pakistan's sustainable fiscal spending plans, structural reforms, particularly in the tax and energy sectors, and social spending.
Rallis India, a subsidiary of Tata Chemicals, is planning to enhance manufacturing capacities as well as build a new integrated research development centre, and is in the process of launching new products, its chairman Bhaskar Bhat said on Thursday. The world continues to face the greatest threat to life and livelihood due to the COVID-19 pandemic that has impacted the global economy and all of its citizens...I am proud to say that your company has shown great resilience in this challenging time
Over the past year, CIA has provided vital suggestions and modifications required on several initiatives taken by the Central and State Governments for the benefit of MSMEs. As a result, we realised that a data-backed survey would help consolidate the feedback from this sector, to bring out the pain points and provide solutions and a way forward to revive the sector, said K.E. Raghunathan, convenor of CIA and former national president of All India Manufacturers' Organization.
The store was inaugurated by NAFED chairman Dr Bijender Singh along with Dr Chander Pal Singh, chairman, Krishak Bharti Limited (KRIBHCO). Mrinalini Shrivastava, Commissioner Investment, Sikkim Government was also present on the occasion.
The age of fossil fuels, which powered economic growth globally for nearly three centuries, cannot continue much longer. The huge quantities of carbon it has emitted into the environment have endangered life on Earth, Ambani said at his group's 44th AGM.
Notwithstanding incremental credit growth plunging to a 59-year low at 5.56 per cent in FY21, the bank credit-to-GDP ratio rose to a five-year high of a little over 56 per cent in 2020, but way behind its peers and just half of the G20 average, according to the latest data from the Bank for International Settlements (BIS). At 56.075 per cent credit-to-GDP ratio, total outstanding bank credit stood at USD 1.52 trillion in the country in 2020, according to the BIS data for the year, but this is st
The meeting is the first between the Centre and mainstream Jammu and Kashmir politicians after the abrogation of Article 370 and the division of the erstwhile state into two union territories in August 2019.
Suraksha group, which has won the bid to acquire debt-laden Jaypee Infratech Ltd (JIL), should infuse Rs 300 crore interim funds to start construction of stalled projects as promised in its resolution plan, according to stuck homebuyers. On Wednesday, financial creditors of JIL chose Mumbai-based Suraksha group over state-owned NBCC for taking over the insolvent firm, giving hopes that thousands of homebuyers may finally get possession of their flats after many years of delay. The 10-day-long vo
The UP Police had filed an FIR last week against Twitter India, several journalists, and Congress leaders after Abdul Samad alleged he was thrashed by some youth and forced to chant Jai Sri Ram and Vande Mataram.
Bharti Airtel said the upcoming low-cost 4G smartphone from the Reliance Jio-Google combine wont hurt its revenues as 2G device users, typically, upgrade to smartphones priced above Rs 7,000 and prefer the Sunil Mittal-led telcos mobile network.Indias No 2 telco, in fact, expects the advent of the Jio-Google budget smartphone to trigger customer upgrades from feature phones to smartphones, which would end up complementing Airtels strategy of focusing on quality customers with world-class service
Moreover, the Chief Economic Adviser (CEA) asserted that high food inflation has not impacted a large section of population as they are being given free ration under the Pradhan Mantri Garib Kalyan Yojana.
After Reliance Industries chairman Mukesh Ambani announced Rs 75,000 crore investment in the new green energy business at the company's AGM today, Naveen Kulkarni, Chief Investment Officer, Axis Securities, said there is a further re-rating potential for RIL stock. Edited excerpts: What are your thoughts on Reliance's new green energy plans as was announced in the AGM today?Look at what Reliance has been doing and how things have panned out in the past for them. Reliance typically gets into very
In a letter signed by the chief minister and sent on June 20, an appeal has been made to the village heads to help expedite the Covid vaccination campaign and check the infection effectively through the monitoring committees.
The incident marked the first time since the Cold War that Moscow acknowledged using live ammunition to deter a NATO warship, underlining the rising threat of military collisions amid Russia-West tensions.
The state BJP has passed a resolution to demand a CBI inquiry against DyCM Ajit Pawar and Shiv Sena leader and Transport Minister Anil Parab into their alleged involvement in cases related to Param Bir Singh and Waze, Maharashtra BJP president Chandrakant Patil said.
A majority of people have shown keen interest to travel this year after easing of lockdown restrictions, with 69 per cent respondents keen to resume travel in 2021 and 31 per cent in 2022, according to a joint survey by travel service providers Thomas Cook India and SOTC. The survey was conducted this month by the two companies and covered 4,000 customers across India's tier-I to III towns, including top-8 metro cities. It also included mini-metros like Pune and key tier-II and III markets of Ja
High tax buoyancy, led primarily by fuel taxes, and increase in grants from the Centre under the Finance Commission package will help revenue growth of states cross the pre-pandemic level in the current fiscal, provided there is no third COVID wave, according to a report. Given the higher prices of fuels, revenue from this segment is set to grow 50 per cent to 30 per cent in the current financial year from 20 per cent it clipped last fiscal, even though the overall volume will fall, Crisil said