Fundraising via initial public offers (IPOs) dropped 52.2 per cent to $147.2 billion in the first eight months of calendar year 2023 (CY23), suggests a recent report by GlobalData, a London-based analytics and consulting company. At the country level, the report suggests, India topped the charts with 152 transactions worth $3.8 billion during this period, primarily due to a higher […]

BREAKING …The former boyfriend of Dr. Amie Harwick has been found guilty of killing the Hollywood therapist. With the first-degree murder verdict from a jury moments ago, Gareth Pursehouse could be sentenced to life behind bars. Under California law, he will have no possibility of parole. Already in custody, Pursehouse is scheduled to be sentenced on December 6. The jury reached […]

EXCLUSIVE: Just ahead of the 20th anniversary of Elephant, the Palme d’Or-winning Gus Van Sant pic that marked his breakout role, actor Alex Frost has signed with Brave Artists Management for representation. At the firm launched in 2019 by talent manager Mike Gillespie, he’ll be repped by Luna Wise, who came over to BAM at the start of the year. […]

Eli Lilly has filed lawsuits against several medical spas, wellness centers and compounding pharmacies for unauthorized sale of diabetes drug Mounjaro (tirzepatide). These clinics allegedly use the drug for weight loss treatment. Mounjaro, approved for type 2 diabetes, is only available from and manufactured by Lilly. They are commercially available in a pre-filled single-dose pen only. Lilly noted that compounding […]

A new section in the Income-Tax Act should be introduced providing for tax deducted at source for payments made to finfluencers by NREs or social media giants, suggests Harsh Roongta. A Dubai real estate company’s advertisement caught my eye during a flight. The video showed an individual promising a minimum guaranteed return of 6 per cent, which could go up […]

Oil to telecom conglomerate Reliance Industries (RIL) has initiated the process to seek shareholders’ approval for the appointment of the third generation of the Ambani family on the company’s board. The remote voting through postal ballot will start from September 27 onwards. In a separate note, CreditSights said a trust and hold-co model could be a possibility for the anticipated […]

In a historic achievement for NASA, the first sample of rock and dust from an asteroid has landed on earth. A capsule of rocks and dust collected from asteroid Bennu landed at 10:52 a.m. ET on Sunday at the U.S. Defense Department’s Utah Test and Training Range near Salt Lake City. While piercing the atmosphere, the capsule was traveling at […]

Washington has warned that any nuclear attack by North Korea against the United States or its allies will result in the end of the Kim Jong Un regime. The United States also reaffirmed its ironclad commitment to the defense of South Korea, leveraging the full range of U.S. military capabilities — including advanced non-nuclear, nuclear, conventional, and missile defense capabilities. […]

Approximately 2.4 million soldiers were engaged in the Civil War, with around 1.56 million fighting for the North and an estimated 800,000 for the South (although Confederate records remain incomplete). The estimated number of casualties in the conflict varies, ranging from approximately 620,000 to 752,000 lives lost. Regardless of the exact figure, the Civil War stands as the bloodiest conflict […]

The festive season will mean business for the steel industry as it is the time when automotive and consumer appliance companies bump up demand to prepare for higher sales, experts have said. Ranjan Dhar, chief marketing officer at ArcelorMittal Nippon Steel India (AM/NS India), said that bookings by auto and consumer appliance industries are 20 per cent higher ahead of […]