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Indian
Pharmeasy to acquire diagnostics chain Thyrocare in a deal worth over Rs 6,300 crore
Pharmeasy is primarily into medicine deliveries.
At present, Thyrocare has a network of 4,000 partner labs while Pharmeasy serves 17 million customers monthly through its network of 6,000 digital consultation clinics and 90,000 partner retailers.
”We feel diagnostics is very important, Thyrocare has an outstanding backend, a very low cost structure and we have an unbelievable front end,” API Holdings’ Chief Executive Siddharth Shah told after signing the agreement.
Govt extends I-T compliance deadlines; exempts tax on COVID treatment cost, ex-gratia payments from employers
Third wave of coronavirus unlikely to be as severe as second wave: ICMR Study
Presenting a vaccine ramp-up scenario where 40 percent of the population has received two doses within three months of the second wave peak, and further that the effect of vaccination is (conservatively) to reduce severity of infection by 60 percent, the study said it illustrates how vaccination could substantially reduce the overall burden during the possible third wave.
LIC, SBI Life, Canara Bank pick up stakes in Indian Bank
The country’s largest and the only state-owned life insurer, LIC, picked up 17.80 per cent of the shares issued under the qualified institutional placement (QIP), which closed on Thursday.
It was followed by SBI Life Insurance (11.87 per cent), SBI Mutual Fund and its various schemes (11.87 per cent), Societe Generale and its various schemes (9.74 per cent) and Canara Bank subscribing to 5.93 per cent of the shares offered in the issue, according to the regulatory filing by Indian Bank.
International
Boeing Dreamliner plant ‘plagued by shoddy production,’ says NYT
John Barnett, a former quality manager who retired in 2017 after almost three decades at Boeing, said he found clusters of metal slivers hanging over the wiring that commands flight controls. A U.S. Federal Aviation Administration spokesman, Lynn Lunsford, said the agency inspected several planes that Boeing had certified as free of such debris and found the same metal slivers.
Over 150 killed, 450 injured in decade’s worst terror attack in Sri Lanka
Christian groups say they have faced increasing intimidation from some extremist Buddhist monks in recent years. And last year, there were clashes between the majority Sinhalese Buddhist community and minority Muslims, with some hardline Buddhist groups accusing Muslims of forcing people to convert to Islam.
Govt & benefactors, not insurers, to bear cost of Notre Dame rebuilding
“It is really going to be up to the French state and benefactors to help to restore and rebuild this,” Robert Read, head of art and private client at Lloyd’s of London insurer Hiscox told Reuters, adding it could take up to 20 years to restore the cathedral.“The scaffolding costs are going to be enormous, actually securing the building is going to be enormous. The cost of renovating the (British) Parliament is a similar sort of number,” Read said.
Hannover Re scales back its exposure to coal-fired power plants
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