The World Opinion

Author: The World Opinion

  • Swiggy IPO May Open On November 6: All You Want To Know | Economy News

    New Delhi: Food and grocery delivery major Swiggy is looking to raise Rs 11,300 crore through its initial public offering (IPO) opening for public subscription on November 6, sources said on Monday.

    Swiggy is one of the most valued new-age consumer brands to tap the Indian capital market. The company’s Rs 11,300-crore IPO is a combination of fresh issue of shares worth Rs 4,500 crore and an offer for sale (OFS) of Rs 6,800 crore, they added.

    Key Points You Want To Know About Swiggy Upcoming IPO

    1. The shares would be available at a price band of Rs 371 to Rs 390 apiece.

    2. The issue would conclude on November 8 and the bidding for anchor investors will open for a day on November 5, they added.

    3. Those selling shares in the OFS route are — Accel India IV (Mauritius) Ltd, Apoletto Asia Ltd, Alpha Wave Ventures, LP, Coatue PE Asia XI LLC, DST EuroAsia V B.V, Elevation Capital V Ltd, Inspired Elite Investments Ltd, MIH India Food Holdings B.V, Norwest Venture Partners VII-A Mauritius and Tencent Cloud Europe B.V.

    4. Early investors like Accel, Elevation Capital and Norwest Ventures are making up to 35 times in returns on the portion they decided to sell. On the other hand, SoftBank continues to stay invested.

    5. Going by the IPO papers, proceeds from the fresh issue to the tune of Rs 137.41 crore will be used for debt payment of subsidiary Scootsy.

    6. Additionally, Rs 982.40 crore will be invested in Scootsy for expanding the Dark Store network in the quick commerce segment, with Rs 559.10 crore allocated for setting up dark stores and Rs 423.30 crore for lease or licence payments.

    7. The company will also invest Rs 586.20 crore in technology and cloud infrastructure, Rs 929.50 crore for brand marketing and business promotion, and funds will be allocated for inorganic growth and general corporate purposes.

    8. Swiggy’s confidential offer document was approved by Sebi in September and following this updated draft papers were filed.

    9. The company filed its offer document on April 30 through the confidential pre-filing route.

    10. Under the confidential filing process, Sebi reviews confidential DRHP and provides comments on it. Thereafter, the company going public is required to file an update to the confidential DRHP (UDRHP-I) after incorporating the regulator’s comments. This UPDRHP-I is made available for public comments over 21 days.

    11. Finally, after incorporating the changes due to public comments, the company is required to update the DRHP-II (UDRHP-II).

    12. In April, sources had previously stated that Swiggy received shareholders’ approval for an IPO to raise Rs 10,414 crore through issue of fresh equity shares and an offer for sale. A special resolution was passed at an extraordinary general meeting of Swiggy on April 23, sources stated.

    Founded in 2014, Swiggy had a valuation of nearly USD 13 billion in April. The company’s annual revenue stood at USD 1.09 billion as on March 31, 2023, and has more than 4,700 employees, according to Tracxn, a global startup data platform.

  • Citadel: Honey Bunny New Trailer: Varun Dhawan-Samantha Pack A Punch In This Adrenaline-Fueled Explosive Drama – Watch | Web Series News

    Mumbai: Streaming giant Prime Video, today presented the heart-pounding second trailer for the much-awaited Original series, Citadel: Honey Bunny. Born from the world of Citadel, the Indian series is directed by Raj & DK (Raj Nidimoru and Krishna DK) and written by Sita R. Menon, along with Raj & DK. The series is produced by D2R Films, Amazon MGM Studios, and executive produced by the Russo Brothers’ AGBO. Anthony Russo, Joe Russo, Angela Russo-Otstot, and Scott Nemes from AGBO, alongside David Weil (Hunters), executive produce Citadel: Honey Bunny and all series within the world of Citadel.

    Citadel: Honey Bunny Trailer

    Midnight Radio is also an executive producer. The series features the immensely talented Varun Dhawan and Samantha in the lead and the ever-so-versatile Kay Kay Menon, along with an exciting ensemble cast that includes Saqib Saleem, Simran, Sikandar Kher, Soham Majumdar, Shivankit Parihar, and Kashvi Majmundar. Citadel: Honey Bunny is set to premiere exclusively on Prime Video in India and across more than 240 countries and territories worldwide on November 7.


    The first trailer of the series that launched earlier this month received a spectacular response from audiences all over the world, leaving them at the edge of their seats. Anxiously waiting for the launch of Citadel: Honey Bunny on Prime Video, the fans of Varun Dhawan, Samantha, and Raj & DK were thrilled as the service dropped a new trailer of the series. Delving a little further into the exciting story of stuntman Bunny (Varun Dhawan), who recruits struggling actress Honey (Samantha) for a side gig as they are hurled into a high-stakes world of action, espionage, and betrayal. Packed with even more adrenaline-fueled action and explosive drama, the new trailer follows the estranged elite spies as they reunite years later to protect their young daughter, Nadia, when their dangerous past catches up with them.

    About the World of Citadel

    The first season of Citadel, starring Richard Madden and Priyanka Chopra Jonas alongside Stanley Tucci and Lesley Manville, premiered to global success in 2023, becoming Prime Video’s second most-watched new original series outside the US and fourth most-watched worldwide, after 24 days . Executive produced by the Russo Brothers’ AGBO, Citadel and its subsequent action-espionage Original Series traverses the globe, evolving the story of spy agency Citadel and its powerful enemy syndicate, Manticore. Each series born from the world of Citadel stars top local talent and is created, produced, and filmed in region—bringing about stylistically unique shows with strong cultural identities rooted in their respective country of origin. The Italian Original, Citadel: Diana, is the second series to debut from the world of Citadel and is followed by India’s series, Citadel: Honey Bunny, starring Varun Dhawan and Samantha, launching on November 7, 2024. Season Two of Citadel, starring Richard Madden and Priyanka Chopra Jonas alongside Stanley Tucci and Lesley Manville, is in production, with Joe Russo serving as director.

    Citadel: Honey Bunny premieres on November 7 exclusively on Prime Video in India and across more than 240 countries and territories worldwide.

  • Premier League Round-Up: Arsenal, Liverpool Play Out Draw; West Ham, Chelsea Win | Other

    A late equalizer by star striker Mohamed Salah helped Liverpool secure a 2-2 draw against Arsenal at Emirates Stadium on Sunday, though the Reds moved one point off the top of the points tally. Bukayo Saka opened the scoring for Arsenal with a fine strike in the ninth minute, though Virgil van Dijk put Liverpool back in the game with an equalizer in the 18th minute.

    Arsenal regained the lead in the 43rd minute, with Mikel Merino unleashing a powerful header. Salah delivered a powerful equalizer in the 81st minute, with both sides sharing a point each. Liverpool is at the second place with seven wins, one loss and a draw, giving them 22 points. Arsenal is in the third spot with 18 wins after five wins, three draws and a loss.

    Chelsea continued their up-and-down season, registering their fifth win of the season against Newcastle United by 2–1.

    Chelsea got a fine start, with Nicolas Jackson getting the first goal in the 18th minute as a brilliant pass from Cole Palmer reached Jackson, who wasted no time in giving The Blues a lead.

    The visitors leveled the scores in the 32nd minute, as Alexander Isak delivered a breakthrough strike which meant that the Magpies scored for the first time in three league games. At the half-time, the score was 1-1.

    In the 47th minute, Palmer beat Nick Pope at his near post, registering his 17th Premier League goal at Stamford Bridge this year.

    Chelsea is at the fifth spot with five wins, two draws and losses, giving them 17 points. With three wins, losses, draws each and a total of 12 points, Newcastle is at 12th spot.

    Manchester United’s poor season continued as they slid down to 14th spot after a 1–2 loss to West Ham United at The London Stadium.

    After Crysencio Summerville secured the lead for his side in the 74th minute, it seemed Casemiro had got his side one point at least with his strike in the 81st minute. However in the final moments, referee David Coote was sent to pitchside after a collision between Matthijs de Ligt and Danny Ings. The replays showed the United defender clipping the ball with his thigh before catching Iggs on the lower leg. After a long review, it was decided that West Ham would get a penalty and Jarrod Bowen converted it.

  • CG News: Dantewada Police rescues 4 laborers and minors held hostage in Andhra Pradesh, two accused arrested

    Dantewada. Dantewada Police has achieved great success in the incident of four laborers and minors from Dantewada district of Chhattisgarh being held hostage and tortured in Andhra Pradesh. The police conducted the operation within 26 hours and rescued all the workers safely. Along with this, two accused have also been arrested. The police arrested the accused from Kotapalli in Srikakulam district of Andhra Pradesh and sent them to jail in judicial custody today.

    According to the information, applicant Prema Mandvi, resident of Telam, Police Station Katekalyan, lodged a report with the police that the manager of a shrimp company located in Kurtevainu, Andhra Pradesh, called her for work on the pretext of good salary, free food and medical facilities. Prema Mandvi along with 6 other friends from his village went to work in a prawn company, where his job was to feed prawns and cut grass. When these laborers and children asked for wages, the supervisors beat them, took them hostage and forced them to work. Somehow Prema Mandvi escaped from there and informed about the incident at Katekalyan police station.

    On the instructions of Superintendent of Police Gaurav Rai, a team of Dantewada Police under the guidance of Additional Superintendents of Police Smriti Rajnala and Ramkumar Barman left for Kurtevainu, Andhra Pradesh. With the help of the local police, the police safely rescued the hostage laborers Linga Mandavi, Budhram Mandavi and the children.

    arrested accused

    The police arrested the accused L. Srinivas (42 years) and A. Suresh (21 years) was arrested and produced before the First Class Judicial Magistrate of Dantewada today. Both the accused have been sent to jail in judicial custody.

  • Assembly Elections 2024: Congress Announces 4 Candidates For Maharashtra, 2 For Jharkhand Polls |

    NEW DELHI: The Congress party on Monday, announced a combined list of six candidates for the upcoming assembly elections in Maharashtra and Jharkhand.
    The party announced four candidates for Maharashtra and two candidates for Jharkhand. In Maharashtra, the Congress has announced Madhurimaraje Malojiraje Chhatrapati from Kolhapur North, Sajid Khan Mannan Khan from Akola West, Heera Devasi from Colaba and Chetan Narote from Solapur City Central.

    With this, the Congress has so far announced candidates for 102 of 288 Assembly seats. Congress is a part of the Maha Vikas Aghadi (MVA) comprising Shiv Sena (UBT) and Sharad Pawar’s NCP. The MVA alliance have declared candidates for 268 seats so far. Shiv Sena (UBT) and NCP (SP) have fielded their candidates on 84 and 82 seats, respectively.

    The Maharashtra Assembly elections are scheduled for November 20, with counting for all 288 constituencies set for November 23. In the 2019 assembly elections, the BJP won 105 seats, the Shiv Sena 56, and the Congress 44. In 2014, the BJP secured 122 seats, the Shiv Sena 63, and the Congress 42.

    The Congress also released its final list of two candidates for the upcoming Jharkhand Assembly polls, fielding Sweta Singh from Bokaro and Ajay Dubey from Dhanbad. With this, the party has declared a total of 30 candidates for the Assembly polls that will be held in two phases next month.

    Earlier, the Congress had declared two lists of 21 and seven candidates in Jharkhand. The Congress-Jharkhand Mukti Morcha (JMM) alliance has been in power in the eastern state since 2019. Elections for the 81 seats of the Jharkhand assembly in two phases on November 13 and November 20.

    In the previous assembly election, Jharkhand Mukti Morcha won 30 seats, BJP won 25 and Congress won 16 seats. The counting of votes for both elections will be taken up on November 23.

  • Lung cancer on the rise in nonsmoking Asian women

    Lung cancer on the rise in nonsmoking Asian women – CBS News

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    While lung cancer rates have been declining for decades, it’s still the deadliest form of cancer. Each year, more people die of lung cancer than of colon, breast and prostate cancers combined. Researchers have recently noticed an alarming rise in diagnoses among nonsmoking Asian American women. For “Eye on America,” Elizabeth Cook examines this troubling trend.

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  • Biden to cast early vote for president in Delaware with Election Day over a week away

    Insight into the candidates’ final push


    Final push in 2024 election: Trump and Harris neck-and-neck with 8 days to go

    04:46

    Washington — President Biden will cast his early vote Monday with just over a week to go until Election Day, as his chosen successor and former rival appear to be deadlocked in a tight race for the White House.

    Mr. Biden will cast his vote in Wilmington, Delaware, where he spent the weekend, before returning to the White House.

    The moment comes four years to the day after Mr. Biden cast his vote in the 2020 race and would go on to win the most votes ever cast for a U.S. presidential candidate. This year, the president casts his ballot months after opting to abandon his reelection bid and leave the presidential race, endorsing Vice President Kamala Harris for the Democratic nomination.

    President Biden talks briefly with reporters as he departs the White House on Oct. 24, 2024, in Washington.
    President Biden talks briefly with reporters as he departs the White House on Oct. 24, 2024, in Washington.

    Chip Somodevilla/Getty Images


    Since he dropped out of the race, the president has largely stayed off the campaign trail and often out of the spotlight, giving voters a chance to get to know his possible successor. Meanwhile, Harris has worked to toe a narrow line — aligning herself with the Biden administration’s successes, while distinguishing herself from pain points with voters. 

    Harris and former President Donald Trump are tied across the battleground states, while Harris has a one-point lead nationally, according to a CBS News poll released Sunday.

    Kaia Hubbard

    Kaia Hubbard is a politics reporter for CBS News Digital, based in Washington, D.C.

  • Baramulla MP Engineer Rashid Back In Tihar Jail world news

    Baramulla MP Sheikh Abdul Rashid on Monday surrendered before authorities in Tihar Jail here after the end of his interim bail, prison officials said.

    The Awami Ittehad Party leader, who has been arrested in a terror funding case, reached jail premises at noon after a Delhi court, which was scheduled to pass the order on his bail plea, adjourned the matter.

    Additional Sessions Judge Chander Jit Singh had on September 10 granted interim bail to Rashid, alias Engineer Rashid, to enable him to campaign for the Jammu and Kashmir assembly elections while deferring the order on his regular bail plea.

    Rashid’s interim bail was previously extended till October 28 on the grounds of his father’s poor health. The National Investigation Agency (NIA) didn’t oppose the plea after verifying the documents.

    He has been lodged in Tihar jail since 2019 after the NIA arrested him under the Unlawful Activities (Prevention) Act in the 2017 terror funding case.

    Elections to the 90-member JK Assembly were held in three phases between September 18 and October 1. The results were declared on October 8 in which the National Conference-Congress alliance attained a majority with 48 seats.

  • MPPSC Exam Date 2025: State Service Exam 2025 announced, papers will be held on 16th February

    Madhya Pradesh Public Service Commission.

    HighLights

    MPPSC will start the vacant posts and application process. The process of application for the examination will also start after Diwali. Meanwhile, the Commission started preparations for the next examination.

    Naiduniya Representative, Indore. Madhya Pradesh Public Service Commission (MPPSC) has announced the State Service Examination 2025. The Commission has scheduled the papers on 16th February.

    As of now, no information has been received from the concerned departments regarding the vacant posts. This is the reason why the Commission has not mentioned the vacant posts in the advertisement.

    The Commission has said that information about the posts will be given on the portal within the next seven days. According to officials, the process of application for the examination will also start after Diwali.

    The interview process of State Service Examination 2022-2023 and the result of main examination of State Service Examination 2024 are yet to be declared. Meanwhile, the Commission started preparations for the next examination.

    In haste, the Commission may have announced the date of State Service Examination 2025. But the candidates were not informed about the vacant posts. The Commission has presented the papers in two sessions on 16th February.

    IIM Indore signs MoU with educational institutions of Norway and China

    Indian Institute of Management (IIM Indore) has signed two MoUs between educational institutions of China and Norway for the expansion of global education. Through this, student-faculty exchange programs can be run in these institutions. Even research will be promoted in institutions.

    The special thing is that due to the MOU, the institutions will also be able to exchange resources among themselves. Memorandum of Understanding (MoU) has been signed with Christiania University College in Norway and Soochow University in China. An agreement has been signed on research and artistic development between Christiania University College of Indore and Norway, in which Director Prof. Signed by Himanshu Rai and Dr. Christy Bach.

    Kristiania University College Norway was established in 1914. It offers a practice-oriented learning environment with over 16 thousand students and emphasizes on areas such as marketing, management, creativity and health. Dr Bak said that this partnership opens the doors of immense possibilities for both the institutions. The educational system and system of both the countries will be understood.

    Through this the quality of education can be increased. They say that they will amend the curriculum after understanding the needs and requirements of the industry. Will increase technology and innovation. Director Prof. Rai said we are keen to learn from their experiences in sustainable development and innovative practices, which will also contribute to our academic curricula. Lectures and seminars will be organized to share knowledge.

    Both the institutions will jointly create the curriculum. as well as enrich educational experiences through exploration of dual degree opportunities. On the second MoU, Dean of Business School at Soochow University, Prof. Bo Feng signed.

    He said their core values ​​– authenticity, accountability, appreciation and growth – will create socially conscious and innovative business leaders. The collaboration will enrich the educational journey of our students and teachers by creating avenues for exchange of knowledge and joint research projects.

  • LIC Housing Finance Logs 12 Per Cent Net Profit Jump At Rs 1,329 Crore In Q2 | Economy News

    Mumbai: LIC Housing Finance Ltd on Monday reported 12 per cent increase in net profit at Rs 1,329 crore in Q2 FY25, from Rs 1,188 crore in the same period last year. 

    The company clocked a 2.5 per cent growth in revenue at Rs 6,926 crore, from Rs 6,758 crore in the year-ago period, riding on stable growth in both home and project loan disbursements.

    The company expressed optimism for growth in the upcoming festive quarters, driven by a robust focus on affordable housing and rural infrastructure.

    Outstanding loan portfolio was up by 6 per cent to Rs 294,588 crore while individual home loan portfolio was up by 7 per cent to Rs 250,879 crore. In the July-September period, loan disbursements were Rs 16,476 crore, a 12 per cent increase from Rs 14,665 crore in the year-ago period. During the quarter, the company had a technical write-off of Rs 286 crore.

    According to LIC Housing Finance, the net interest income (NII) declined by 6 per cent to Rs 1,974 crore from Rs 2,107 crore in Q2 FY24, driven by a reduced net interest margin (NIM), which stood at 2.71 per cent compared to 3.04 per cent a year earlier and 2.76 per cent for Q1 FY25.

    The company’s provisions for expected credit loss stood at Rs 5,458 crore, covering 49 per cent of Stage 3 loans. The stage 3 exposure on default (as on September 30) stood at 3.06 per cent as against 4.33 per cent (as on September 30, 2023) and 3.30 per cent (as on June 30, 2024), said the company.

    “During the six months ended September 30, 2024, the total disbursements for the company stood at Rs 29,391 crore against Rs 25,521 crore for the same period of the previous year, a growth of 15 per cent. The shares of LIC Housing Finance closed at Rs 618.45 on Monday, up by 3.39 per cent.