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SBI Life IPO subscribed 9% on Day 1

The initial share sale offer of SBI Life Insurance Company was subscribed 9% on the first day of the three-day bidding on Wednesday, stock exchanges data showed. The Rs 8,400 crore initial public offer (IPO) received bids for 83,67,555 shares against the total issue size of 8,82,00,000 shares, data available with the NSE showed. The category reserved for qualified institutional buyers (QIBs) was subscribed 6%, non-institutional investors 1% and retail investors 16%. The IPO received over 1.6 lakh applications on the first day, investment banking sources said. SBI Life Insurance…

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Govt to disqualify over 1 lakh directors for link with shell companies

More than 1.06 lakh directors will be disqualified for their association with shell companies, according to the government, as it steps up the fight against black money. The latest move comes close on the heels of the corporate affairs ministry cancelling the registration of 2.09 lakh companies that have not been carrying out business activities for a long period. Besides, banks have been asked to restrict operations of these companies’ bank accounts by their directors or their authorised representatives. The ministry has “identified 1,06,578 directors for disqualification under Section 164(2)(a) of the…

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Childhood Cancer: Why Only 1 in 5 Indian Children Survives Cancer

A heavyweight in the category of dangerous diseases, cancer ranks high on the list. It is one of the major causes of death among adult, as well as children, and across the globe. It is alarming how the disease is growing and affecting more and more people every year. As per the National Cancer Registry programme of the National Centre for Disease Informatics and Research (ICMR), one out of eight men today has the possibility of developing cancer in his lifetime (0-74 years). Similarly, one out of nine women has…

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Beware: Not Monitoring Your Exercises Could Worsen Type 1 Diabetes

Diabetes is one the major diseases today, affecting the population worldwide. While Type 2 is the most kind which is a consequence of the unhealthy lifestyles led by many people among other factors, Type 1 is a condition that you can blame on your genes. Type 1 diabetes, which is also known as Juvenile Diabetes because it mostly affects children, is a condition when the beta cells in the pancreas that are responsible for producing insulin in the body are destroyed by our immune system. As a result, the breakdown…

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1 in 5 Teens Lose Sleep Over Social Media: Study

One in five teens regularly lose sleep over social media, waking up in the middle of the night to send or check messages on social media. This makes them three times more likely to feel constantly tired at school in comparison to their peers who do not log on at night, warns a new UK study. Researchers at Wales Institute for Social and Economic Research, Data and Methods (WISERD) in the UK also found that girls are much more likely to access their social media accounts during the night than…

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Smoking Costs $1 Trillion, Soon to Kill 8 Million a Year – WHO/NCI Study

Smoking costs the global economy more than $1 trillion a year, and will kill one third more people by 2030 than it does now, according to a study by the World Health Organization and the U.S. National Cancer Institute published on Tuesday. That cost far outweighs global revenues from tobacco taxes, which the WHO estimated at about $269 billion in 2013-2014. “The number of tobacco-related deaths is projected to increase from about 6 million deaths annually to about 8 million annually by 2030, with more than 80 percent of these…

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