NEW DELHI — Indian online food delivery platform Zomato said on July 8 that it would price its initial public offering (IPO) in the range of INR 72 to INR 76 ($0.96 – $1.02) per share with the IPO set to open for subscription from July 14 to 16. The IPO consists of fresh issues aggregating up to INR 9,000 crore ($1.2 billion) and an offer for sale by shareholder Info Edge India Ltd aggregating up to INR 375 crore ($50.1 million). Zomato had filed for an Initial Public Offering (IPO) in May to raise INR 8,250 crore ($1.1 billion). The company submitted a prospectus to…
Author: zenger.news
MUMBAI, India — Dropledge, an Indian online platform that gamifies social challenges, wants to defeat hunger in the country with the help of games. The platform has developed Food DriveZ, a gaming app available on both iOS and Android that donates food after users complete certain challenges in the game. “The more time a user spends on the game, the more needy people will be fed. Every in-app purchase in the game will help contribute or buy a meal for those most in need,” Food DriveZ’s page states. Dropledge is bringing the gamification tech and experience to the recently launched Food DriveZ…
NEW DELHI — India’s Delhi High Court has refused to grant interim protection to digital news platforms and adjourned their challenge to the country’s new Information Technology Rules, 2021. The High Court’s decision came after learning that the Indian government has filed a plea to transfer the cases to the Supreme Court. The court adjourned the petition to August 20 and directed the union government to file a counter-affidavit. Under the new Information Technology (Guidelines for Intermediaries and Digital Media Ethics Code) Rules, 2021, social media and streaming companies will be required to take down contentious content quicker, along with appointing…
Everywhere you turn there are computer chips: in greeting cards and cars, farm tractors and shipping trailers, in kitchen appliances and the phones that run apps. A lot of companies currently are hung up because production of the semiconductors that make them go is at a slowdown. As a result, some factory lines, like those at a few automobile manufacturers, can’t make all the products they usually do because there aren’t enough of the right chips available. “It’s really the result of a Covid-19 induced demand surge combined with some fairly poor supply chain management” in some industries, says Rory…
While modern medicine has made leaps and bounds in the field of tissue and organ reconstruction over the years, it is still limited by one major drawback: Human beings don’t have spare parts. If a car-accident survivor needs a reconstructed jaw, for instance, surgeons must build it from a piece of the patient’s fibula bone and the surrounding soft tissue and blood vessels, in a procedure known as autografting. Autografting takes a heavy toll on the body and can often lead to medical complications. Professor Shulamit Levenberg’s bioengineering team at the Technion-Israel Institute of Technology has introduced a better way.…
A long-lost painting by German artist Sigmar Polke worth around $590,000 has been recovered by police from an apartment in Germany, less than a year after it was stolen and being offered for sale. Police seized the painting, which disappeared from a gallery after Polke’s death in 2010, from a private residence in Mainz. “In November 2020, the criminal police in Mainz received a reference to an offer to sell the painting [“Vasen Linsenbild”], police said in a press release. An investigation led police to suspects identified as two men, ages 43 and 48, and a woman, age 39. The…
OTTAWA, Ontario — This new calculator may not help you calculate your budget, but it will help you calculate the number of years left in your life. To help understand the changing care needs of older adults as they age and when they might be nearing the end of their lives, scientists recently developed a new calculator that can help predict death and end-of-life care needs for them. A team of researchers developed the Risk Evaluation for Support: Predictions for Elder-Life in the Community Tool (RESPECT). The calculator, which predicts death within six months, is based on data from more than 491,000 community-dwelling…
TOKYO — Two weeks before the event’s commencement, government officials on July 7 said Tokyo Olympics are likely to be held without spectators due to a sudden spike in coronavirus cases. Japan can declare another Covid-19 state of emergency for Tokyo, possibly until August 22. The government and the four organizing bodies of the Summer Games, including the International Olympic Committee and the International Paralympic Committee, are expected to meet later this week to discuss a new policy regarding spectators living in Japan, having already barred overseas fans in a bid to improve the safety of the games. “If the decision is made to have no…
KHARTOUM, Sudan — Sudan said the notification the North African country received from East African country Ethiopia over the second filling of a huge dam on the Blue Nile River is useless without a negotiated deal among related countries. “The Irrigation and Water Resources Ministry received a letter from its Ethiopian counterpart notifying it has started the second filling of the Grand Ethiopian Renaissance Dam [GERD] during the current rainy season,” Omar Al-Farouq Sayed Kamel, spokesman of the Sudanese government’s team to the dam talks, said in a statement on July 6. Kamel expressed rejection of Ethiopia capital Addis Ababa’s “unilateral move”, which he…
WASHINGTON — Former U.S. President Donald Trump said he is filing a lawsuit against tech giants Facebook, Google, and Twitter and their Chief Executive Officers, Mark Zuckerberg, Sundar Pichai, and Jack Dorsey, respectively. “In conjunction with the America First Policy Institute, I am filing as the lead class action representative, a major class-action lawsuit against the big tech giants including Facebook, Google, and Twitter, as well as their Chief Executive Officers,” Trump said at a news conference in New Jersey. “There is no better evidence that big tech is out of control than the fact that they banned the sitting President…