Mumbai: The ₹412-crore initial public offering (IPO) of Pune-based auto parts manufacturer Divgi Torqtransfer Systems, backed by Infosys co-founder Nandan Nilekani, was subscribed 5.44 times on Friday, the final day of bidding. This is the first IPO of 2023. The portion reserved for retail investors was subscribed 4.31 times, while the category for non-institutional investors … Read more
Finance Minister Nirmala Sitharaman has said that regulators Sebi and RBI should always be on their toes to keep the equity market stable and indicated that the Adani stock rout following a Hindenburg report was a company specific issue. She said banks and insurance companies are “not overexposed” to any one company and assured that … Read more
At around 7 a.m. on January 9, sanitation workers Anjaiah and Shankaraiah climbed into their tractor trolley to drive to Bheemla thanda (hamlet) in Venkatapur village in Telangana. The air was cool and the drive pleasant. The mud road is flanked by a freshwater tank and lush green paddy fields. On their way, the workers … Read more
ICICI Direct has given a buy rating to the Jhunjhunwala stock Star Health and Allied Insurance, for a target price of Rs 850, which implies an upside of 23% from the current levels. The company is the largest standalone insurer engaged in the health insurance segment with relatively superior market share and operating performance. Star … Read more
Brisbane, Australia CNN — Cyber criminals with links to Russia are behind a ransomware attack on one of Australia’s largest private health insurers that’s seen sensitive personal data published to the dark web, the Australian Federal Police (AFP) said Friday. In a short press conference, AFP Commissioner Reece Kershaw told reporters investigators know the identity … Read more
Billionaire stock broker and Zerodha CEO Nithin Kamath today warned that a retirement crisis could turn out to be the biggest headache in most countries after two-and-a-half decades. While earlier generations got lucky with long-term real estate and equity bull markets that helped create a retirement corpus, he said it is unlikely to repeat in … Read more
In the National Health Services model of the UK and India, the health systems are managed by earmarking a proportion of the tax collected by the government for healthcare services In the National Health Services model of the UK and India, the health systems are managed by earmarking a proportion of the tax collected by … Read more
“If I were a younger person, I think I would be able to rebound from all the difficulties I’m having,” she told me. “I just never foresaw myself being in this situation at the age I am now.” Elaine Ross “Please help! I just turned 65 and [am] disabled on … Read more
The passage of the Inflation Reduction Act (IRA) on August 12 affects the healthcare of millions of Americans. Provisions will change how certain drug prices get determined, limit out-of-pocket costs for older Americans, and could help ensure continued coverage for Medicaid beneficiaries when the COVID-19 Public Health Emergency ends. Several provisions of the bill affect Medicare, … Read more
Even before the Supreme Court overturned the Roe v. Wade decision on June 24, the ability to use health insurance to pay for an abortion depended on many things, including the insured woman’s state, the type of insurance involved, and where the procedure took place. Lack of coverage means that most Americans who get an … Read more