Multi-specialty pediatric hospital chain Rainbow Children's Medicare Ltd has filed preliminary papers with capital markets regulator Sebi to raise over Rs 2,000 crore through an initial public offering (IPO).

The public issue comprises fresh issue of equity shares aggregating up to Rs 280 crore and an offer sale of up to 2.4 crore equity shares by the selling shareholders, according to the draft red herring prospectus (DRHP).

Shares of GMR Infrastructure surged 12 per cent to Rs 47.95 on the BSE in Monday’s intra-day trade after the GMR Group signed shareholders agreement with Indonesia's Angkasa Pura II for the development of Medan Airport on December 23.

The company engaged in airport services business had made announcement on Friday after market hours. The stock was trading at its highest level since December 2010. At 02:21 pm; it was up 11 per cent at Rs 47.40, as compared to 0.36 per cent rise in the S&P BSE Sensex. The trading volumes on the counter jumped over four-fold with a combined 84.12 million equity shares changing hands on the NSE and BSE.

Indians can now get remittance money from their foreign sources in a much easier way as IndusInd Bank has tied up with NPCI to facilitate cross-border money transfer by using UPI IDs of the beneficiaries.

This will obviate the need to remember one's bank account details to send money.

Capillary Technologies (India) Ltd, backed by Warburg Pincus and Sequoia Capital, has filed preliminary papers with markets regulator Sebi to raise Rs 850 crore through an initial share-sale.

The company offers artificial intelligence (AI)-based cloud-native Software-as-a Solution (SaaS) products and solutions to develop loyalty of consumers and channel partners.

Covaxin has shown that it has a very good immune response in children in trials, Chairman of India's COVID-19 Working Group of the National Technical Advisory Group on Immunisation (NTAGI) Dr NK Arora said on Sunday.

In an exclusive interview on the Prime Minister's decision on rolling out vaccination for beneficiaries between 15-18 years of age, which going to commence from January 3, Arora told ANI about the possible benefits of this decision.

Mandala puja was held at the Sabarimala's Lord Ayyappa temple on Sunday, marking the conclusion of the 41-day pilgrim season.

Mandala Puja was performed in the auspicious time between 11.50 am and 12.40 noon by Thantri Kandararu Mahesh Mohanaru and Chief priest N Parameswaran Namboodiri. The idol of Lord Ayyappa was adorned with 'thanka anki' attire, which was brought here on Saturday evening in a ceremonial procession.

Omicron can evade the immune protection conferred by COVID-19 vaccines and natural infection, according to a peer-reviewed study which also suggests that the new variant of coronavirus is completely resistant to antibody therapies in use today.

The study, published in the journal Nature on Thursday, also highlights the need for new vaccines and treatments that anticipate how the SARS-CoV-2 virus may soon evolve.

Shares of Ceinsys Tech (formerly ADCC Infocad) were locked in the 20 per cent upper circuit for the second straight day, at Rs 253.25, hitting a record high on the BSE in Friday's trade.

In the past two trading days, the stock of the information technology (IT) consulting & software company has surged 44 per cent after the announced acquisition of Allygrow Technologies Private Limited, a technology driven company having presence in US, Europe and India and specializing in product design and robotics automation (manufacturing engineering) services.

The global smartphone applications processor (AP) market grew 17 per cent to $8.3 billion in the third quarter (Q3) this year, with Qualcomm and MediaTek posting double-digit growth, according to a new report.

Qualcomm maintained its smartphone AP leadership with a 34 per cent revenue share, followed by Apple with 28 per cent and MediaTek with 27 per cent. New entrant Google captured 0.1 per cent share.

E-waste recycling firm Attero is planning to invest Rs 300 crore in a bid to increase its existing lithium-ion battery recycling capacity by 11 times to 11,000 tons by the end of 2022, a top company official said.

According to the market estimates, India generates more than 50,000 tons of lithium-ion battery waste every year and it is growing in the range of 40-80 per cent depending on different models used for computing electric vehicle growth in India, Attero Recycling CEO and co-founder Nitin Gupta told PTI.

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