Tuesday, 30 November 2021

Star Health IPO opens for subscription today; check details here

Star Health and Alliance Insurance Company is set to open its initial public offering (IPO) today, 30 November. The Star Health IPO is backed by ace investor Rakesh Jhunjhunwala.

Star Health will open for subscription at a price band of Rs 870-900 per share from today and will close on 2 December.

A day ahead of opening the issue for the public, Star Health claimed that it had raised a little over Rs 3,217 crore from anchor investors.

Through its maiden issue, the Star Health and Alliance Company plans to raise Rs 7,247 crore. The company has divided the IPO into two parts. First Rs 5,249 crore is set to be raised through an offer for sale, where 58,324,225 equity shares will be traded by the current promoters and shareholders. The remaining Rs 2,000 crore will be a fresh issue.

Those interested in investing in Star Health can make a bid for a minimum of 16 equity shares and in multiples of 16 shares. For a single lot, retail investors have to put in a minimum of Rs 14,400, while the maximum investment possible is Rs 1,87,200, which is equal to 208 equity shares.

So far, Star Health has reserved its shares worth Rs 100 crore for its employees. Along with the shares, nearly 75 percent of shares have been kept aside for skilled institutional buyers, while 15 percent of the shares have been allotted for non-institutional buyers. The remaining 10 percent will be reserved for retail buyers.

Star Health and Alliance Insurance Company is a Chennai-based firm that started operations in 2006. It is one of the leading private health insurers and has a market share of 15.8 percent (fiscal 2021).

The main focus of the company is the retail health market segment that comes with a wide range of flexible and comprehensive coverage options for retail health, group health, personal accident, and overseas travel being offered by the company.

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Saint Andrew's Day 2021: From history to significance, all you need to know about the day

Saint Andrew's Day is celebrated on 30 November in remembrance of Scotland’s eponymous patron saint. Patron Saints are said to be protectors and Saint Andrew was known for always helping the less fortunate. The flag of Scotland, the St Andrew’s Cross, was chosen in honour of him.

History

Born in a place which is currently a part of Israel between 5 AD and 10 AD, St Andrew was believed to be one of the 12 disciples of Jesus Christ. It is also believed that he was the brother of Saint Peter, the founder of the Church, and this made it easy for the Scots to appeal to the Pope for protection against the English.

Legend has it that in 312 AD Roman Emperor Constantine the Great saw the symbol X P, which is the Greek symbol for the first two letters of Christ, in his dream on the night of a battle. The Emperor ordered his troops to hold the Christ's Cross in front of the troops. The Romans won the war.

According to some beliefs, a similar incident occurred 500 years later when King Agnus, who faced a large army of Saxons, saw a dream with a message that he would see a cross in the sky and defeat his rivals. King Agnus saw the Saltire Cross in the sky the next morning and from that day Saint Andrew and the Saltire Cross were chosen as the national symbol for Scotland.

Significance

Saint Andrew was known for always extending help to those who were in need. Inspired by the apostle, Scotland carries the tradition of welcoming people and is home to more than 5,600 social enterprises. The people of Scotland believe in working to make the world a better place for everyone. The St Andrew’s Society of Charleston is the oldest Scottish society that works to uplift the condition of widows and orphans.

The St Andrew’s Society of the State of New York was also founded in 1756 and carries out charitable work to help the old and needy.

Celebrations

This day marks the starts of Scotland’s Winter Festival and people come together to celebrate Scottish culture through dance and music. A special party called Ceilidh, where Scots perform their country dance is organised on this day.

Traditional food such as fish soup and lamb is made on Saint Andrew's Day.

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Early indications show that new variant Omicron causes milder illness — is this how COVID becomes endemic?

These are very early days in terms of our understanding the Omicron variant. What is known is that it has a large number of mutations, particularly in the spike protein and it appears to be rapidly spreading in specific parts of the world.

Very early indications from Africa suggest it does not cause particularly severe disease (though the World Health Organization has urged caution given the limited data available).

At this point, it isn’t clear whether it has any greater capacity to evade vaccines than other SARS-CoV-2 strains such as Delta.

It is very common for viruses to become less virulent (that is, cause less severe disease) once they become established in a population. The classic example is myxomatosis, which killed 99% of rabbits when first introduced into Australia, but which now causes much lower mortality.

Some experts have predicted COVID will also become less severe as it transitions to an endemic level of disease – settling into a predictable pattern of infections in a given location. It’s possible the Omicron variant may be the first step in this process.

Why some variants become dominant

Evolutionary biology suggests variants are more likely to thrive if they increase more rapidly in the human population than current strains. This means two things: strains with a higher R number (the basic reproduction number, or the average number of people an infectious person will likely infect) will replace those with a lower R number.

Additionally, strains that lead to the host being infectious earlier will replace those that take longer to become infectious. So strains with a shorter incubation period replace those with a longer incubation period. This appears to be the case with Delta, which has a shorter incubation period than the strains before it.

Viral strain evolution needs to be considered in the particular population in which the variant appears. Disease evolution is expected to work differently in a population with low levels of vaccination compared to one with higher levels of vaccination.

In a largely unvaccinated population, like South Africa where roughly 25% of the population is vaccinated and the Omicron variant was first detected, strains with a high R number will stand a better chance of taking hold. But in a highly vaccinated population, strains that are better able to evade the vaccine will be more likely to dominate, even if they have a lower R number in unvaccinated people.

Less severe symptoms may fuel spread

So, would you expect a variant with less severe COVID symptoms to thrive? It really depends on the trade-offs between symptoms and transmissibility.

If symptoms are less severe, people are less likely to come forward to be tested and therefore are less likely to isolate. Some may not realise they have COVID at all. Therefore, a strain with low virulence (meaning it has a lower ability to cause severe symptoms in the body) may be better able to transmit to more people than highly virulent strains.

On the other hand, as appeared to be the case for Delta, some variants can cause higher viraemia than others – meaning higher levels of the virus within infected people’s bodies. The more virus present, the more likely the person is to be able to successfully transmit the disease. This is because of the dose-response relationship – the higher the infective dose, the more likely it is an infection will result.

Again, all things being equal (without yet knowing the details of exactly how specific mutations behave), higher levels of viraemia are likely to lead to more severe symptoms.

It is not clearly understood yet why Omicron is apparently highly transmissible at least in the African context, so at this stage we don’t know whether it produces higher levels of viraemia than other strains. Viral transmission is a complex multistage process, so many things may be responsible for Omicron’s high transmission rate.

Watch and wait

What happens next is yet to be determined. Experts will look for more information on the transmissibility of Omicron, the level of viraemia it generates and the extent to which it is capable of evading either the existing vaccines or immune responses resulting from previous infection.

Omicron may well behave quite differently in a highly vaccinated population – such as we now have in Australia – compared with a population with very low levels of vaccination as is the case in most of sub-Saharan Africa. Nevertheless, the emergence of this new variant emphasises an effective vaccination effort worldwide is necessary to overcome the COVID pandemic.The Conversation

Hamish McCallum, Director, Centre for Planetary Health and Food Security, Griffith University This article is republished from The Conversation under a Creative Commons license. Read the original article.



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Utpanna Ekadashi 2021: Here are the rules of fasting on this auspicious day

Utpanna Ekadashi is observed after Kartik Purnima. This year, it will be marked on 30 November. As per mythology, Goddess Ekadashi was born on this day. It is said the purpose of her birth was to defeat demon Mur, who tried to kill Lord Vishnu.

Time and Tithi:

The Utpanna Ekadashi tithi began at 4.13 am today, and will end at 2.13 am on 1 December. Devotees who are planning to observe a fast on all the Ekadashis can start with the Utpanna Ekadashi fast, as per belief.

Devotees observe fast on Ekadashi Tithi by following a set of rules:

Devotees remain awake throughout night to pay reverence to Lord Vishnu and chant the Vishnu Sahasranam or sing hymns dedicated to him. However, those who are unable to stay awake the whole night can wake up early during Brahma Muhurat and perform the puja vidhi. The following day, devotes follow a set of rules that include:

    • Taking a bath and wearing clean clothes
    • Meditating for some time. After that they need to light a lamp as well as offer flowers, fruits and incense to the goddess
    • While offering flowers, devotees need to chant the 'Om Namo Bhagavate Vasudevaya' mantra with devotion and utmost sincerity
    • During the prayer, devotees seek forgiveness for any mistake that they may have committed during the vrat
    • After the puja is done, devotees offer bhog to everyone.
    • The food prepared for breaking the fast must not have onion and garlic.
    • Finally, when the fast is broken, devotees consume only Sattvic foods

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Monday, 29 November 2021

Parliament Winter Session: Opposition stages walkout after Venkaiah Naidu refuses to revoke suspension of 12 RS MPs

The second day of the Winter Session of Parliament commenced with protests, with the government and the Opposition refusing to budge from its stand.

Scenes of chaos erupted in the Upper House of Parliament as Opposition leaders sought the revocation of the suspension of 12 Rajya Sabha MPs.

On Monday, 12 opposition MPs of the Rajya Sabha, including Congress' MP Chhaya Verma, Shiv Sena's Priyanka Chaturvedi and TMC's Dola Sen, were suspended for the remaining part of the winter session for their ‘misconduct and unruly behaviour’ during the last day of the Monsoon Session on 11 August.

The suspension is the biggest such action in the history of the Upper House. Previously in 2020, eight MPs - Derek O'Brien (TMC), Sanjay Singh (AAP), Rajeev Satav (Congress), KK Nagesh (CPI(M)), Syed Nasir Hussain (Congress), Ripun Bora (Congress), Dola Sen (TMC) and Elamaran Kareem of CPI(M) - were suspended which was the second-highest number.

Rajya Sabha Chairman M Venkaiah Naidu on Tuesday said that the suspension of the 12 MPs will not be revoked. “The members who had committed the sacrilege against the house have not shown remorse. So, I think the appeal by the Opposition [to revoke the suspensions] is not worth considering,” Naidu said.

"All procedures in the Rajya Sabha were done according to rules when 12 MPs were suspended on Monday," he said.

“The Chairman of the Rajya Sabha is empowered to take action and the House can take action,” Naidu said. “What happened yesterday was not the Chairman taking action, it was the House. A motion was moved. It was approved and it is final,” he said amid uproar by the Opposition.

Naidu’s comments came as Leader of the Opposition in the House Mallikarjun Kharge asked Naidu how the decision could have been made based on what happened in the previous session.

"We came to your office to request for revocation of the suspension of 12 MPs. The incident happened in the last Monsoon session. So, how can you take this decision now," Kharge was quoted as saying.

Shortly after Naidu's decision not to revoke the suspension, the Opposition staged a walkout from the Rajya Sabha.

The uproar in the Upper House also trickled down to the Lower House with Leader of Congress in Lok Sabha Adhir Ranjan Chowdhury saying they too had staged a walkout from the Lok Sabha to show support to the 12 MPs, who were suspended.

"We have staged a walkout from Lok Sabha to support the 12 members. The action of suspension from the current winter session points at a 'retrospective effect'. Why should an apology be issue," he said.

He further alleged that the government was using suspension as a "threat" to silence the Opposition.

It is left to be seen if business will be conducted but as of now Lok Sabha has been adjourned till 2 pm.

Lok Sabha is expected to take up the Assisted Reproductive Technology (Regulation) Bill, 2020 today.

The crucial Cryptocurrency and Regulation of Official Digital Currency Bill, the Insolvency and Bankruptcy (Second Amendment) Bill, and the Electricity (Amendment) Bill is also to be taken up in this Winter Session of Parliament. The session is also expected to introduce one finance bill in addition to the 36 legislative bills.

With inputs from agencies

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Jokes Apart | How Vir Das’ journey to the West has been more authentic than Priyanka Chopra’s

What a columnfest this has been. Vir Das’ six-minute Two Indias ‘poem’ has been written about more than any fragment of pop culture in recent times. It’s become a catchphrase, like ‘Chak De India’. Whether we agree or disagree, it’s seeped into the nation’s conscious and subconscious headspace. When former Lok Sabha speaker Meira Kumar says that there are two kinds of Hindus in the country, those who can enter temples and those who cannot, the statement has shades of what Vir said.

While I’ve always insisted that bad writing should be made a non-bailable offence, I’ll make an exception here. A minister has banned Das from performing in Madhya Pradesh; police complaints have been filed elsewhere. This means Vir can perform in Kennedy Centre but not in Bharat Bhawan. Considering an average Vir Das world tour spans more than 20 countries in six continents, a fat amount of difference will make it to him. It’s still a pity though given that Bharat Bhawan is such a nice open-air venue. I remember tagging along with my parents for poetry festivals there and watching plays in the amphitheatre against the backdrop of the lake.

‘Defaming the country’ is a flimsy subjective pretext to file a complaint against someone. Twitterati, columnists, rappers, filmmakers, writers, all critique India and have a right to do so as citizens and creative people. We live in the time of a million memes, which send up someone or the other every single minute on social media. In many ways, we live in less hypersensitive times. But it’s also true that in the North Pole/ South Pole landscape of Twitter, outrage is daily fodder. Once outrage is monetised, it’s easy to manipulate.

I don’t think Das set out to create controversy. I don’t think he had any idea that it would become as big as it did. He’s done far better work. There was no mimicry in the poem he read, one of his strengths. There is a sketch where he invents a religion called Chrislaam. It features a side-splitting moment where he mimics singing Hallelujah as it segues into the muezzin’s call to prayer. Now, that was really funny and ‘offensive’, like all comedy should be.

I felt that most outrage stemmed from that old Indian affliction: Jealousy. The outrage of self-styled patriots who use the word ‘anti-national’ as a default word for everything they disagree with is predictable. I was more fascinated by the liberals who dissed Vir. The hyper-Westernised Indian liberal, generally speaking, does not like anything that is homegrown (more on this in a bit). Everything that is good in art and culture happens in the West. Indians playing with foreign art forms, like stand-up comedy, are seen as pale copies. Indians can never match up. Watch Norm Macdonald.

What irritated both sides was the applause Vir got at the end of the show. Out of that jealousy came the backlash. There is a moment when he leaves the stage and returns, the auditorium still thundering. While Vir insisted the clapping was for India, the Great Country, he had also, deploying the guile of a good performer, redirected the applause to himself.

Comedy is a business, like politics. Eventually one is selling a product, even though the politician will couch his marketing spiel in lofty and noble terms. As a social commentator, the comedian’s material is intertwined with the political scenario. If the politics is polarised, the comedian’s audience also arrives pre-polarised. The comedian has to choose her constituency and speak to it. A fundamental choice has to be made and Vir has made that choice, much like all American late-night talk show hosts. What is lacking on the Right, whether in India or America, is its own vibrant stand-up culture.

What distinguishes American comedy is that it has no holy cows. To take just one example, watch this clip on YouTube where Jimmy Kimmel is interviewing Stormy Daniels. Stormy has written a memoir where, among other things, she writes in detail about an intimate encounter with America’s Commander-in-Chief, including spanking him, on his request, with a rolled-up magazine. The clip ends with Kimmel displaying a tray with models of the male organ (clay or rubber I couldn’t tell) in different sizes. Stormy has to choose the one that comes closest. This kind of humour is unimaginable in India. It does show though how harmless humour is. The American state is alive and kicking despite this ‘assault’ on the President’s privacy.

Vir belongs to my generation: We are both in our 40s. What makes him special is that he is completely homegrown. In the noughties, I remember watching him at 7 pm on a channel called Zoom. We had hardly seen any stand-up before we saw him. Vir would deliver gags about issues of national importance like weird punishments in Doon School. He was putting his act together. He had acting ambitions as well, featuring in a film called Mumbai Salsa. It’s been quite the journey since then; Das has appeared as a guest and performed his sketches on every single American late-night show, no mean achievement given how insular America is. He has a bunch of Netflix specials to his name, which has given him a global audience.

His journey to the West has been more authentic than Priyanka Chopra’s. Piggy Chops changed her accent. She also lowered the bar for the kind of work she was doing there. Baywatch is not Vishal Bhardwaj’s Kaminey. Das has stuck to his accent and not tailored his jokes for a foreign audience. He’s just kept doing what he was doing and managed to take it to the world. To that extent, the bi-lingual urban Indian feels a kinship with him. He’s not an NRI comedian whose jokes are palpably different, often speaking to the foreign audience’s stereotypes of India, from chaos and colour to arranged marriages and the Indian accent. Vir does not do the Indian accent joke because he speaks in an Indian accent and does not find it funny. To that extent, Das reverses what NRI comedians do. He gives us on our own terms. He uses the f-word like we do in Hinglish speech.

As for the art of stand-up comedy, I personally prefer reading humour far more than seeing it acted out on stage. It’s too taxing to watch a Netflix special — one man going on and on for an hour and a half. If one is in the audience, there is the curious pressure of other people laughing. The collective forces one to shake uncontrollably, giggle and guffaw for the cameras. The laughter has to be externalised and visible.

There are these warnings on the back cover of ‘funny books’: ‘This will make you laugh out loud’; ‘Don’t read this on the subway. Your laughter might disturb fellow passengers.’ The truth is that this rarely happens. Reading is a private act. Instead of baring a grin, one chuckles quietly or laughs silently, the best medicine for the soul.

The writer is the author of ‘The Butterfly Generation’ and the editor of ‘House Spirit: Drinking in India’. Views expressed are personal.



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Admiral Hari Kumar takes charge as Chief Of Naval Staff: All you need to know about the new navy chief

Admiral R Hari Kumar on Tuesday took charge as the new chief of the Indian Navy after incumbent Admiral Karambir Singh retired from service.

Admiral Singh superannuated after a 30-month tenure at the topmost of Indian Navy.

Speaking on the occasion, Chief of Naval Staff Admiral Kumar said, "It is a matter of great honour for me to take charge as the Chief of Naval Staff. Indian Navy focus would be on national security and maritime challenges. I will put my energy focused on it. My predecessors have guided the navy and I will also try to build upon their accomplishments and achievements."

Here’s all you need to know about Admiral R Hari Kumar.

Born on 12 April 1962, Admiral R Hari Kumar was commissioned on 1 January 1983, into the Executive Branch of the Indian Navy.

A native of Neyyoor, Nagarcoil in Kanyakumari district, Tamil Nadu, he is also the first Malayali to become the Chief of Naval Staff.

In service for almost 39 years, he has served in a variety of command, staff and instructional appointments.

Admiral Kumar's sea command includes INS Nishank, missile corvette INS Kora and guided-missile Destroyer INS Ranvir.

He also commanded the Indian Navy's aircraft carrier INS Viraat.

The Admiral also served as Fleet Operations Officer of the Western Fleet.

Before taking over as FOC-in-C Western Naval Command, he was the Chief of the Integrated Staff Committee of headquarters, Integrated Defence Staff.

Admiral Kumar has undergone courses at the Naval War College, the US, Army War College, Mhow and Royal College of Defence Studies, the UK.

Surprisingly, Admiral R Hari Kumar had no ambition to join the military. Speaking to ONmaronama, he said, "I did not nurture an ambition to join the Armed Forces during my school days. My aim was to either secure an IIT seat, or join the Engineering College in Thiruvananthapuram. But life had something else in store for me."

He says that it was his maternal uncle, cousin and friend that inspire him to join the force and the rest as they say, is history.

Just a few days ago, President Ram Nath Kovind awarded him with the Param Vishisht Seva Medal, in recognition of his "peace-time service of the most exceptional order," spread over a career spanning 38 years.

Another fact that many wouldn't know is that when he did express his desire to join the forces, his mother was reluctant as she was worried he would end up drinking too much liquor.

According to a report in the New Indian Express, he vowed he would not drink at all and has held up his word.

With inputs from agencies

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