Leela hotels owner Schloss files IPO papers to raise for $599 million (20-09-2024)
The company has 12 operational hotels across ten cities in India and is planning to add eight new hotels through 2028, Schloss said in its IPO prospectus
Mutual Funds I am investing (20-09-2024)
Quant MF is being cautious and has raised its cash allocation from ₹12269 Cr in July to ₹17102 Cr in Aug. Cash now represents 19% of AUM, the highest percentage among all mutual funds.
Karnataka Guv letter to govt, want to know how it got ‘confidential material’ from Lokayukta (20-09-2024)
Karnataka Governor Thaawarchand Gehlot expressed perplexity over how the state government learned about confidential Lokayukta requests for prosecution sanctions against opposition leaders. He noted that the Cabinet’s decision lacked direct advice to him and questioned the source of leaked information. The issue arose after a similar sanction was granted against Chief Minister Siddaramaiah.
F.T.C. Accuses Drug Middlemen of Inflating Insulin Prices (20-09-2024)
The case takes aim at the major pharmacy benefit managers, agency officials said, claiming that they favored more expensive insulin products and forced patients to pay more.
Tirupati laddu row: Union Minister Giriraj Singh demands CBI inquiry (20-09-2024)
Union Minister Giriraj Singh has called for a CBI inquiry into allegations of substandard ingredients and animal fat in Tirupati laddu preparation. The Telugu Desam Party claims a Gujarat lab confirmed the adulteration. Singh questions the expenditure on ghee by Tirumala Tirupati Devasthanams, suggesting a conspiracy to harm Hinduism.
UBS sells shares worth Rs 480 crore in Concord Biotech, IIFL Securities, 2 more stocks via block deals (20-09-2024)
UBS sold holdings in Concord Biotech, Five Star Business Finance, IIFL Securities, and Marksans Pharma through block deals, totaling Rs 480 crore. The largest sale was in Concord Biotech, worth Rs 192 crore at a 15% premium.