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BENGALURU: Manipal Hospitals is set to file its draft red herring prospectus (DRHP) this week for an IPO expected to raise about Rs 10,500-11,000 crore, potentially the largest public offering in India’s healthcare sector. The issue will include an offer-for-sale component of around Rs 2,000 crore, while a large portion of the proceeds will be…
Many economists say India’s growth model helps explain the bind. Unlike much of East and South-East Asia, which relied on export-led manufacturing to absorb low-skilled workers, India’s expansion has been driven by skill-intensive services – IT and communications in particular. Export-led manufacturing, by contrast, has remained weak. The result is a lopsided labour market: opportunities…
Pawan Kalyan’s ‘Ustaad Bhagat Singh’ has hit theatres, sparking a flurry of online reactions. While some critics found the film’s commercial treatment outdated, fans are celebrating Pawan Kalyan’s screen presence and ‘vintage’ energy. Humour and mass moments have garnered mixed responses, leaving the box office fate of this action-comedy uncertain. ‘Ustaad Bhagat Singh’, starring Pawan…
QatarEnergy says Iranian missiles hit Ras Laffan Industrial City, causing “extensive damage” Qatar on Wednesday expelled key Iranian military and security officials along with their staff from its territory, escalating tensions after missile strikes hit key energy infrastructure in the Gulf. The Qatari Foreign Ministry said on Thursday it had declared the military and security…
Loyalsock Township, Pa. — A Boot Barn store will be opening at the TJ Maxx Plaza. Bill Burdett, manager for Loyalsock Township, confirmed Wednesday that the Western wear chain will go into the former JoAnn space in the plaza on East Third Street. JoAnn closed in January 2025. A grocer was interested in moving into the…
MUMBAI: The surge in retail credit in India rests on a quiet infrastructural shift-the growing ability of lenders to judge creditworthiness of borrowers quickly and cheaply. What has made this possible is a dramatic fall in the cost of obtaining credit reports, aided by digital scale and the proliferation of fintech platforms that allow consumers…
The Federal Reserve on Wednesday held interest rates steady, as the U.S.-Israeli war with Iran disrupts the global economy and sends oil prices soaring. Two weeks after the initial attacks, unleaded and diesel gas prices have skyrocketed alongside the cost of oil. “The implications of developments in the Middle East for the U.S. economy are…
Cleaning off the ‘paan’; police officers enforcing the fine TOI Correspondent from London: Two Indian-origin men have been fined over £1,000 each for spiting paan in the London borough of Brent, which is on a campaign blitz to stop the menace.Akshitkumar Bhadre Patel (31), who lives in Edgware, was fined £1,391 (Rs 1.7 lakh) by…
‘Dune: Part Three’ on Tuesday, launched its highly anticipated trailer, giving fans a gritty look at all that is set to unfold on the big screens as the series comes an ‘epic conclusion’. Starring Timothee Chalamet and Zendaya in the lead roles, the film had social media buzzing about its release on December 18. However,…