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Govt to sell 3% in Coal India for over Rs 4k crore

Through the offer-for-sale (OFS) process, the government will be selling a 3% stake in Coal India, with a floor price of Rs 225 per share. The difference between the floor price and Coal India’s Wednesday BSE closing price at Rs 241 is 6.7%. The OFS is scheduled to start on June 1 and end on June 2. The government would earn Rs 4,160 crore at the floor price.

For more reads : News

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World No Tobacco Day: Second-hand smoke the silent killer.

The 31st of May is recognised as World No Tobacco Day, which provides a vital platform for educating people about the harmful effects of using tobacco products and being around people who smoke. This yearly event offers a chance to spread awareness among people, companies, and governments about the significance of fostering smoke-free environments and supporting healthy lifestyle choices.

For more reads : Tobacco Day

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Here’s what makes Nita Ambani so stylish!

Nita Ambani, the chairperson of the Reliance Foundation and the wife of business baron Mukesh Ambani is a well-known philanthropist. Other than being a philanthropist, she is also known for her impeccable sense of style. Her sense of styling has a much larger fanbase.

Here are some of the ways that make Nita Ambani so stylish.

The lady has developed her own unique fashion sense, which reflects her personal taste and preferences. Most of the time, she goes with smart and suave outfits that showcase her individual style.

With access to an ample collection of designer clothes, Nita Ambani has designed her own desirable designer wardrobe. Being a prominent figure in society, she is often spotted wearing outfits created by renowned fashion designers, both from India and across the globe. Her wardrobe consists of exquisite pieces that are carefully curated to suit various occasions.

Also read, Mouni Roy cements her style credentials at Cannes Film Festival

Nita Ambani pays great attention even to small detail when it comes to her overall look. Be it about choosing the right accessories or appropriate footwear that coordinates with her outfit, she assures that every piece complements her style.

For more reads : Nita Ambani style

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₹2k exchange won’t be disruptive: Shaktikanta Das

Shaktikanta Das, the governor of the RBI, said on Wednesday that the bank was closely monitoring the deposits and exchanges of Rs 2,000 notes and expressed optimism that all will go well.

“There was no crowd anywhere on Tuesday. And we keep a close eye on the situation. He said to business leaders, “I don’t think there is any huge concern or issue that is coming out…business operations are going on.

The Reserve Bank of India (RBI) said last week that it will stop accepting Rs 2,000 notes until September 2023, after which the high-value note will continue to be accepted as legal cash. According to Shaktikanta Das, a four-month window has been given to make sure that no hardships are experienced. The central bank’s surveys had revealed that there were not many transactions using these notes, and he claimed that keeping high denomination notes in circulation “can create other collateral issues” because they had reached the end of their useful lives.

Also read, Reliance JioMart fires 1,000 employees, a bigger layoff round likely to follow.

For more reads : Shaktikanta Das

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Surgeon General Warns That Social Media May Harm Children and Adolescents

On Tuesday, the nation’s top health official made an uncommon public statement about the dangers that social media poses to young people, calling for increased research into the potential “harm to the mental health and well-being of children and adolescents.”

The consequences of social media on teenage mental health are not fully known, but certain users of social media may benefit from it, according to a 19-page guideline from the US surgeon general, Dr. Vivek Murthy. “There are ample indicators,” he concluded, “that social media can also have a profound risk of harm to the mental health and well-being of children and adolescents.”

Also read, Having ultra-processed foods in diet can up depression risk.

Report helps in regulating Social Media: The report included helpful suggestions for assisting parents in regulating their children’s use of the same. To foster social connections and encourage dialogue, it was advised that families refrain from using electronic devices at meals and other in-person meetings. It recommended drafting a “family media plan” to define social media usage guidelines, such as content restrictions and maintaining the privacy of personal data.

For more reads : Health

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Top 10 lehenga hues that are perfect for a Summer wedding

Powder Blue: A soft and delicate shade of blue that brings a cool and serene vibe to your summer wedding look. Got its name from powdered cobalt glass, used in dye and laundry since the 17th century. Mint Green: A light and refreshing green shade that adds a touch of elegance and freshness to your ensemble. Named after the plant, mint, it triggers creativity and a sense of freshness and lightness.

For more reads : Summer Weeding

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Naomi Campbell’s supermodel moment at Cannes Film Festival

Naomi Campbell Steals the Show at Cannes: Supermodel Naomi Campbell turned heads at the Cannes Film Festival in a stunning Valentino gown with cut-out detailing. The 53-year-old looked flawless with a flawless makeup palette, loose waves, and diamond accessories.

For more reads : Cannes Festival

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Adani-Hindenburg case: SC grants SEBI time till August 14 to submit report

SEBI given time till August 14 to submit Adani-Hindenburg report: The Supreme Court has granted SEBI time until August 14, 2023 to finish its investigation into the Adani-Hindenburg matter and submit a report. SEBI is expected to deliver its findings by the specified deadline as a result of this update. Adani-Hindenburg issue and SEBI's investigation: SEBI's investigation focused on the issue of Global Depository Receipts (GDRs) by 51 listed Indian businesses and none of the listed Adani Group companies were among the 51 entities it was looking into. The investigation started after the Research's devastating study accusing the conglomerate of stock manipulation and fraud, which led to several petitions against the group being submitted to the SC.

For more reads : SEBI

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AstraZeneca to leave leading US drug Lobby Group

Pharmaceutical Research and Manufacturers of America (PhRMA), the largest U.S. drug lobby organisation, will no longer be a part of AstraZeneca’s (AZN.L) advocacy efforts at the state and federal levels, the firm announced.

A representative for the British pharmaceutical giant AstraZeneca said in an email that the company had recently evaluated its membership to see if it was “the most productive and effective use of (company) resources” and had chosen against continuing.

The company opted not to renew its membership for the second half of 2023, according to a separate email from PhRMA.

This is the third significant departure from the trade association in the last six months, as first reported by Politico. The departure of AbbVie, the company behind the well-known arthritis medication Humira, and Teva, a key producer of generic medications, is followed by that of AstraZeneca.

Also read, 10 Tips to take care of yourself in this Delhi NCR pollution.

Official Statement by AstraZeneca:

According to a statement from AstraZeneca, the money that was previously spent on its PhRMA membership will now be used to maintain its advocacy work with state and federal policymakers in the United States.

All major pharmaceutical companies’ greatest national market is the United States. The Inflation Reduction Act, which permits the government to negotiate costs on some pharmaceuticals, gave drugmakers a rare setback last year.

For more reads : US drug

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Now is the time for Adani to raise equity and Market Cred.

Adani Group under investigation by expert panel and Supreme Court: The Supreme Court of India received the expert panel's conclusions on Friday regarding regulatory lapses following a report by Hindenburg Research against the Adani Group, a conglomerate from Gujarat. The court may decide on Monday whether to extend the market regulator's investigation into fraud claims made by Hindenburg Research or not. Adani Enterprises plans to raise $2.6 billion in funding: Adani Enterprises and its subsidiary revealed plans to fund as much as 210 billion rupees ($2.6 billion) on Saturday. This move is significant as the company's $2.4 billion public offering was derailed earlier this year by a report from Hindenburg Research.

For more reads : Adani

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MS Dhoni, CSK thank Chennai crowd; Sunil Gavaskar takes Mahi’s autograph.

MS Dhoni thanks Chennai crowd in emotional lap of honor: Dhoni led the Chennai Super Kings team in an emotional lap of honor at the MA Chidambaram Stadium, thanking the devoted supporters for their constant support The Chennai Super Kings players joined Dhoni in a heartfelt tribute to the supporters after their tense match against the Kolkata Knight Riders Chennai Super Kings and their devoted fan base: Chennai boasts one of the most devoted fan bases in the history of the Indian Premier League (IPL) The MA Chidambaram Stadium has seen many victories and spectacular moments directed by Dhoni and his team over the course of more than ten years For more reads : IPL 2023

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Reliance in fray as MG Motor looks to sell India ops: Reports

According to sources on Thursday, the Chinese auto giant SAIC-owned MG Motor may be trying to sell its majority position in the Indian auto industry and is in “advanced negotiations” for an equity sale with a number of interested parties, including Reliance Industries, Hero Group, Premji Invest, and JSW Group.

One of the insiders informed TOI that “hectic discussions are on with the Indian companies and MG Motor is looking to close a deal by the end of this year,” adding that talks are at a “advanced stage” since MG needs the money “almost immediately” to start the next phase of expansion. Negotiations are ongoing, and MG management is making an attempt to find a reliable partner while maintaining competitive valuations. For more reads : Reliance

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Drugmakers set strategy for legal fight against US pricing regulation.

According to six industry sources, several of the largest Drugmakers in the world are creating the legal basis to oppose the American proposal to bargain prescription pricing for its Medicare health coverage, including the claim that a ban on speaking about these conversations violates constitutional rights.

Part of the Inflation Reduction Act (IRA), the major drug pricing reform of the Biden administration is to save Americans — who currently pay the highest prices in the world for prescription drugs — $25 billion by 2031 through price negotiations.

The law was passed last year, and the pharmaceutical industry claims it would cause a loss in income that will force them to scale back on creating ground-breaking new therapies. For more reads : News

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India renews call for chipmakers as Anil Agarwal’s efforts drag

Due to the slow progress of projects already announced, such as billionaire Anil Agarwal’s $19 billion proposal, India is redoubling its efforts to attract potential chipmakers to the nation. According to those who know about the situation, New Delhi intends to restart the application process for the $10 billion in incentives and assistance intended to promote domestic chip making.

They noted the elimination of a previous 45-day deadline for submission as another benefit of keeping the process open-ended; they wished to remain anonymous because the discussions are private. That comes after a first effort launched last year only managed to attract three applicants, all of whom have made just minimal advancement thus far. For more reads : Latest business news

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Why MS Dhoni’s CSK Are In Top 2 In IPL 2023? Ravi Shastri Explains

The IPL 2022 season for Chennai Super Kings (CSK) was forgettable as they finished ninth out of ten teams, winning just four of their 14 games. But in IPL 2023, the team’s choice to remain confident in its players before the IPL auction in December 2022 appears to be paying off. CSK has won six of its 11 games and is now second in the standings. Former India head coach Ravi Shastri credits MS Dhoni’s ‘foresight’ in sticking by underachieving players who he thought would improve over time for the team’s success.

Shastri stated on ESPNcricinfo that Dhoni was “a master at putting a combination together.” “It makes sense. It is awareness. He would have done it with a select guys, most likely sticking with a player who might not be great in 2022 but who he believes would be excellent in 2023. He would have given the player the assurance in 2022 to put in the work. That won’t surprise me. He definitely thinks in that way, but since I’m not involved, I won’t know. For more reads : IPL 2023

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Covid Global Health Emergency is over, WHO

The World Health Organisation declared Covid-19 to no longer be a global health emergency on Friday.

The public health emergency of international concern, or PHEIC, proclamation should stop, according to WHO Director-General Tedros Adhanom Ghebreyesus, who spoke about the pandemic during the organization’s 15th conference on Coronavirus 19 on Thursday.

Tedros stated at a news conference on Friday that “the pandemic has been on a downward trend for more than a year.”

According to Tedros, “this trend has allowed most nations to go back to life as we knew it before COVID-19.” “The emergency committee convened for the fifteenth time yesterday, and they suggested to me that I declare the public health emergency of international importance to be over. That recommendation has my consent.

About six weeks prior to declaring the coronavirus epidemic as a pandemic, the organisation designated the outbreak as a public health emergency of global concern in January 2020.

A PHEIC establishes an agreement between nations to follow the WHO’s guidelines for handling the disaster. Each nation independently declares a public health emergency, which has legal force. They are used by nations to mobilise resources and suspend regulations in order to disperse crises.

For more reads : Latest Health News