Business Standard's opinion pages this week focused on India's G20 Presidency, COP27, outcome of US midterm elections, and much more

BS Views of the week: India's G20 Presidency, COP27, US midterm elections, and more

The initial public offer of investment bank DAM Capital Advisors Ltd was subscribed 81.88 times on the closing day of bidding on Monday.
The initial share sale received bids for 1,70,35,38,349 shares against 2,08,04,632 shares on offer, according to NSE data.
Qualified institutional buyers (QIBs) part received a whopping 166.33 times subscription, while the quota for non-institutional investors attracted 98.47 times bid. Retail individual investors (RIIs) portion fetched 26.80 times the subscription.
The initial share sale of DAM Capital Advisors Ltd was fully subscribed hours after opening for bidding on Thursday.
DAM Capital Advisors on Wednesday said it has raised Rs 251 crore from anchor investors.
The initial share sale has a price band of Rs 269-283 per share.
The IPO is solely an offer for sale (OFS) of 2.97 crore equity shares worth Rs 840.25 crore by a promoter and investors at the upper end of the price band.
Since the entire issue is an OFS, all the proceeds from the 

DAM Capital Advisors provides a wide range of financial solutions in areas of investment banking comprising equity capital markets (ECM), mergers and acquisitions (M&A), private equity (PE)

Playa, which runs 24 high-end, all-inclusive resorts across Mexico, said its board has been evaluating opportunities and has engaged with a number of potential counterparties

Older phones cannot support the app's evolving features, which is why WhatsApp will discontinue support for certain systems at specific points in their lifecycle

A new Centre of Excellence on Classical and Quantum Communications for 6G has been inaugurated this year at the IITM Research Park in Chennai to spearhead research and development in 6G technologies

The selection procedure, including interviews and group discussions, for the full-time internship scheme has already started, he said

Several experts have claimed that the latest government data on India's forests is "inflated" as it includes bamboo plantations, coconut groves, and orchards among others as part of the forest cover.
The 'India State of Forests Report 2023' released on Saturday, after a delay of almost a year, said India's total forest and tree cover has increased by 1,445 sq km since 2021, reaching 25.17 per cent of the total geographical area in 2023.
However, the forest cover grew by just 156 sq km and most of the gain (149 sq km) occurred outside the Recorded Forest Area (RFA), which refers to areas designated as forests in government records.
The overall results could have been stronger, especially since the government included bamboo and smaller trees (5-10 cm diameter at breast height) in the tree cover estimates for ISFR 2023. The assessment also expanded to 751 districts, up from 636 in 2021.
Experts including Kerala's former principal chief conservator of forests Prakriti Srivastava, ...

The 'India State of Forests Report 2023' released on Saturday, after a delay of almost a year, said India's total forest and tree cover has increased by 1,445 sq km since 2021, reaching 25.17 per cent

The CII pointed out that despite being successful, the PSL framework required recalibration to stay relevant

The GST Council, in its meeting on Saturday, is likely to decide on reducing tax rates on life and health insurance premiums, but a decision on big-ticket rate rationalisation, including a higher tax on sin goods, may be deferred.
The GoM on GST rate rationalisation had proposed rate rejigs in 148 items in its recommendations, but sources said that consensus is needed to be built on some of the tax changes that the panel has suggested and some more time may be needed for that.
The 55th meeting of the GST Council, chaired by Union Finance Minister Nirmala Sitharaman and comprising state counterparts, is also likely to deliberate on bringing Aviation Turbine Fuel (ATF), a major component for airline industry's operation cost, in the Goods and Services Tax (GST) fold.
The GST rate is also proposed to be cut on food delivery platforms like Swiggy and Zomato, to 5 per cent (without input tax credit), from the current 18 per cent (with ITC).
However, the Fitment Committee (comprising tax

Also, the Group of Ministers (GoM) on GST compensation cess is likely to get a six month extension till June, 2025, to submit its report. The compensation cess regime comes to an end in March, 2026

Russia-Ukraine War

The year 2022 is coming to an end and a lot has happened that shaped the world in the year. Let's have a look at some of these significant events

Google Messages

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Blend launches Blend Studio: AI tool for ecommerce photography

New Delhi [India], March 16 (ANI/PNN): Blend, an AI-powered design and photography application for DTC brands and ecommerce sellers, recently launched Blend Studio - the Chat GPT for product photos.

Celebrity and Travel Photographer Rahul Lokare from Flamingo Productions creates waves of change in the world of photography.

Xiaomi 13 Pro

Priced at Rs 79,999 for the 12GB RAM and 256GB on-board storage, the Xiaomi 13 Pro offers a novel imaging experience on top of a premium package

BS Views of the week: India's G20 Presidency, COP27, US midterm elections, and more

Business Standard's opinion pages this week focused on India's G20 Presidency, COP27, outcome of US midterm elections, and much more

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