News

[ad_1] Israel says Putin apologised for foreign minister's Hitler remarks [ad_2] Source link

[ad_1] Logistics services player Delhivery will price its shares in a band of Rs 462-487 for its forthcoming initial public offering (IPO) aimed at raising up to Rs 5,235 crore. At the upper end of the price band, the company will be valued at Rs 35,284 crore, Delhivery said at a virtual press conference. The IPO will open for subscription on May 11. The Gurugram-headquartered company has pruned the IPO size by about 30% to Rs 5,235 crore, from Rs 7,460 crore earlier, opting to play it safe after the Rs 21,000-crore IPO of Life Insurance Corporation (LIC). The offer for sale (OFS) component will be worth Rs 1,235 crore while the public issue now comprises shares worth Rs 4,000 crore. Private equity (PE) investors Carlyle Group and SoftBank as also the co-founders of the company will be selling shares. CA Swift Investments, an entity of Carlyle Group, will sell shares worth Rs 454 crore while SVF Doorbell (Cayman) Ltd, an arm of Softbank Group, will offload  shares worth Rs 365 crore. Delhivery’s co-founders – Kapil Bharati, Mohit Tandon and Suraj Saharan – will sell shares worth Rs 5 crore, Rs 40 crore and Rs 6 crore, respectively. Currently, SoftBank has a stake of 22.78% while Carlyle owns 7.42%. Bharti owns 1.11%, Tondon has 1.88% and Saharan holds  a 1.79% stake. The company said 75% of the issue has been reserved for qualified institutional investors, 15% for non-institutional investors and the remaining 10% for retail investors. In addition, the company has set aside shares worth Rs 20 crore for eligible employees, who will get a discount of Rs 25 per equity stock during the bidding process.Investors can bid for a minimum of 30 equity shares and in multiples thereof. Delhivery reported a loss of Rs 891. 1 crore for the nine months to December, 2021, compared with a loss of Rs 297.5 crore in the corresponding period of 2020. The company reported a loss of Rs 415.7 crore in FY21. The company’s total income for the nine months to December, 2021 stood at Rs 4,911.4 crore, compared with Rs 2,806.5 crore in the year-ago period. Total expenses rose to Rs 5,810.2 crore from Rs 3,062.7 crore with freight handling and servicing costs shooting up. With several IPOs of start-ups faring poorly after listing, Sebi had in mid-February initiated a discussion on disclosures put out by them to explain the basis of the pricing. The regulator proposed that in addition to the financial parameters, new-age technology companies should disclose some details of KPIs (key performance indicators). To ensure the data is authentic, the regulator wants it should be audited. Delhivery provides an end-to-end logistics solution, including warehousing services and a range of value-added services. [ad_2] Source link

[ad_1] I’ve been thinking about getting into crypto mining, but I’m not sure what’s involved. How do I get started, and can I still make a profit from mining bitcoin and ethereum?–Jamie Thanks for your question, Jamie. As the demand for cryptocurrencies has grown, more people have become curious about crypto mining—the process of generating new coins and verifying transactions on cryptocurrency blockchains.  Cryptocurrencies use different “consensus mechanisms” to process transactions and add new blocks to their blockchains. Bitcoin and ethereum, the two largest crypto coins, both use the proof-of-work (PoW) protocol. This involves competing against other miners around the world to solve challenging cryptographic puzzles using your computer. In the early days of crypto, it was relatively easy to complete these puzzles and get rewards—today, not so much. What is “difficulty” in crypto mining? That brings me to another interesting factor: crypto code includes a metric called “difficulty,” which indicates how hard and time-consuming it will be to solve a puzzle. To stabilize the pace of mining new blocks, the difficulty increases or decreases depending on the collective “hash rate” of participating miners.  The hash rate describes the overall computational power of a decentralized network like bitcoin’s. The higher the hash rate, the greater the computational power and security of the overall network. The difficulty and hash rate work in tandem to ensure that new bitcoin blocks are consistently mined every 10 minutes. Why does the difficulty metric exist? Simply put, when Satoshi Nakamoto was designing bitcoin, he or they (it’s not clear if Nakamoto is a person or a group) wanted the mining process to be as wasteful and expensive as possible to reduce network spam. However, because of this design choice, the difficulty of mining bitcoin and ethereum is so high right now that it’s infeasible for individual miners to succeed. You’re up against sophisticated crypto mining farms with warehouses full of specially designed computers (application-specific integrated circuits, or ASICs).  If you’re still keen on mining these coins, consider joining a mining pool. A pool is basically a bunch of miners joining their hashing powers together to increase their odds of mining successfully. You’ll need to buy ASICs and get the right software to participate. Canadians can buy and sell crypto on CoinSmart* Go to Site Is bitcoin mining profitable? To decide if bitcoin mining is worth the cost, let’s look at the stats. As per BitInfoCharts, bitcoin miners can make around US$0.1732 per day with processing power of 1 terahash per second (THash/s). Do the math and see how much profit you might make, considering all the hardware needed plus electricity bills. A single ASIC costs a few thousand dollars. (CryptoCompare has a handy calculator for power costs.) If you’re not planning to join a mining pool and/or electricity is expensive where you live, it may not make sense for you to start mining. Now, let’s talk about ethereum. You could start mining ETH if you have the proper hardware, but it will likely be a short-lived effort—the world’s second-largest crypto coin is changing protocols from PoW to proof-of-stake (PoS) soon. When this happens, the mining process will become wholly virtual, and your personal hash rate will depend on how much ETH you have locked up (or staked) within the system rather than the quality of hardware you own. What about mining other crypto coins? You could try mining smaller cryptocurrencies, such as dogecoin, bitcoin cash and litecoin. Again, do your research: find out each coin’s price history, reward per block and difficulty, and weigh this info against the costs of hardware and electricity. For many coins, the return on investment may not be worth the time and effort of mining them yourself.   Should you start mining crypto? So, should you start mining bitcoin or another cryptocurrency? If you’re tech-savvy and mainly curious about how it all works, crypto mining could be an interesting project, and some newer coins have the potential to grow in value. But keep your expectations realistic, and weigh the costs and potential benefits carefully before investing your hard-earned cash—your new mining hardware may never yield a profit. Steven Kraft is a cryptocurrency and blockchain expert who leads operations at CoinSmart, a Canadian cryptocurrency trading platform. Sign up for an account* with the code money30 and receive CAD$30 in bitcoin when you deposit a minimum of CAD$100.  Have a question? Ask a crypto expert SEND EMAIL Read more about crypto: What’s the best type of crypto wallet? How to buy Avalanche (AVAX) in Canada How to buy Solana (SOL) in Canada What is DeFi? And how can Canadians invest in it? What does the * mean? If a link has an asterisk (*) at the end of it, that means it’s an affiliate link and can sometimes result in a payment to MoneySense (owned by Ratehub Inc.) which helps our website stay free to our users. It’s important to note that our editorial content will never be impacted by these links. We are committed to looking at all available products in the market, and where a product ranks in our article or whether or not it’s included in the first place is never driven by compensation. For more details read our MoneySense Monetization policy. The post Should you mine cryptocurrency? appeared first on MoneySense. [ad_2] Source link

[ad_1] Wow! This is a great deal on this dollhouse! You can get this KidKraft Amelia Dollhouse for only $84.99 from Zulily today! This is a really great deal as it’s usually $169.99. Shipping starts at $6.99. And you place one order today, the rest of your orders from Zulily will ship for FREE through 11:59 p.m. PT tonight! [ad_2] Source link

[ad_1] U.S. rate futures price in 75% chance of 75 bps Fed hike in June [ad_2] Source link

[ad_1] Eris Lifesciences has entered the dermatology segment with the acquisition of 100% stake in Mumbai-based dermatology Company Oaknet Healthcare for a total consideration of Rs 650 crore. Eris will fund the acquisition with internal accruals of Rs 300 crore and borrowings of Rs 350 crore, for the acquisition. The acquisition will take place through a share agreement, post which Oaknet will become a wholly-owned subsidiary of Eris. Commenting on the acquisition, Amit Bakshi, Chairman & Managing Director, Eris Lifesciences Ltd said, “As Oaknet becomes part of the Eris Group, it provides us with a robust growth platform in the areas of Dermatology and Cosmetology. In line with Strides and Zomelis acquisitions, we are confident that the Oaknet transaction will create long-term value for our shareholders.” Krishnakumar V, Executive Director & Chief Operating Officer of Eris Lifesciences Ltd., added, “The acquisition of Oaknet brings marquee brands like Cosvate and Cosmelite into the Eris portfolio. We expect to bring to bear multiple value creation levers including in-house manufacturing, new product launches, expansion of field force productivity and enhancement of operational efficiency.” By FY22, Oaknet will have a revenue base of Rs 195 crore. With a 60 percent penetration and a pan-India sales and distribution footprint, the company has nearly 100 percent coverage of over 11,000 Dermatologists across India. With this acquisition, Eris’ specialty franchise will get a significant impetus, the Company said in a press release. Eris is present in 87% of the Rs 55,000 crore Chronic Market with a leading presence in the major Chronic Therapies in the Indian Pharmaceutical Market (IPM) like Cardiology, Oral diabetes care, Insulin, Neuro/CNS and Dermatology. Oaknet has near 100% coverage of approximately 11,000 Dermatologists across India with a 60% penetration and has a pan India sales and distribution presence. [ad_2] Source link

[ad_1] This Cricut Easypress Mini is perfect for small projects! Amazon has this Cricut Easypress Mini for just $34.95 shipped right now (regularly $69)! This is SUCH a great deal! This is perfect for small projects like hats, shoes, or stuffed animals. Great Mother’s Day gift idea! Sign up for a free trial of Amazon Prime to get free two-day shipping (and possibly one-day or same-day shipping!) with no minimum. If you’re not sure Prime is worth it, read this post for some helpful info to help you decide! And don’t forget you can sign up for Swagbucks to earn free gift cards to use on Amazon deals! [ad_2] Source link

[ad_1] Rapid7 Shares Tumble on Weak Q2 EPS Outlook, Results Still Seen as 'Solid' [ad_2] Source link

[ad_1] The surprise rate hike by the RBI signalling a reversal of the interest rate cycle will weigh down on the banking system’s credit growth, which was showing signs of revival with an 11 per cent growth, a report said on Thursday. The tailwinds supporting a pick-up in credit growth will be in demand from the industry and services segments, even as growth in the agriculture segment remains stable and muted in the retail segment, India Ratings and Research said. Over the medium term, inflationary pressures, supply chain disruptions and a weak consumption demand could upset the current revival in credit growth, it added.“…the reversal of the interest rate cycle as signified by the 0.40 per cent increase in repo rate by the Reserve Bank of India would weigh down on the credit growth as borrowings become costlier,” it said. The agency added that it has received feedback from the companies rated by it, which points to a delay in capital expenditure plans as they await more clarity on the macroeconomic front. It said that banking system credit growth offtake has shown a significant pick-up in the early part of FY23, with credit growth of 11.2 per cent as of April 8, 2022, compared to 5.3 per cent in the same period in 2021, it said, adding that this is the highest since July 2019.The agency believes that while the second Covid wave had significantly impacted the credit outlook in 2021, the outlook reasonably normalised at the beginning of 2022. In a report published in February, the agency had estimated that the system-wide credit growth will stand at 10 per cent for FY23. The number was not revised in the latest update. On Monday, it said the sectors which are likely to continue to perform well will include power, metals, cement, chemicals and textiles, while telecom, pharma, and commercial real estate will be under pressure. In the near term, a continuing working capital demand from corporates, driven by high commodity prices and the beginning of a shift back to the banking system from the bond markets amid rising interest rates which would keep the credit growth drivers in place, the agency noted. Retail loans continue to be the single-largest contributor to the incremental year-on-year growth, although the proportion declined to 42.7 per cent in February 2022 from 57.7 per cent in March 2021, it added. The agency said half of the incremental retail loans since July 2021 are to the unsecured segment, which signifies lenders chasing wider profit margins. However, it was quick to add that they are doing so with tighter credit filters after their experience in the pandemic. [ad_2] Source link

[ad_1] Here’s a great deal on Kellogg’s cereals at Kroger! You can get Kellogg’s Cereals for just $0.79 at Kroger this week! Here’s how: Select Kellogg’s Cereals – $1.79 (when you buy 5 or more participating mega items thru 5/17)Buy 2 and use $1/2 Kellogg’s Cereals (8 oz+) printablePay $2.58, Submit for (2) $0.50/1 various Ibotta Rebates $0.79 each after coupon and rebate Thanks, Kroger Krazy! [ad_2] Source link