Here’s how online pharmacy Medlife setting itself apart from the crowd

Online pharmacy Medlife is on a massive expansion spree. In fact this Bengaluru based startup is planning to scale up its diagnostic services business, in fact increase its revenue almost five fold by next year. They are also going omni-channel and expanding their presence offline.

Farah Bookwala Vhora gives an insight into their ambitious growth plans and also explains how their campaign ‘Lafaddu Lal’ gave them a shot in the arm.

In four years Medlife has captured nearly a third of the Indian online pharmacy industry worth Rs 2,500 crore but over the next 18 months it wants to own half the market and that is why it cannot afford to be a ‘Lafaddu’ and has instead charted an ambitious growth strategy.

The Bengaluru based startup was founded by Tushar Kumar and Prashant Singh in 2014 with an initial investment of USD 15 million and later received a funding of USD 30 million from his family run trust as well as promoters.

Kumar is a part of the family that run Alkem Laboratories which develops, manufactures and markets pharmaceutical formulations and nutraceuticals in India.

Buy Cipla, Yes Bank and Bata India, says Ashwani Gujral

market_stocks

The latest analysis and commentary by stock market guru Andrew Holland, CEO of Avendus Capital Alt Strategies on how the market performed this week and what is coming on the way in the following week.

Ashwani Gujral shared his views and readings on stocks like Cipla, Yes Bank and Bata India.

Talking about stocks, he said, “Cipla is a buy with a stop of Rs 530, target of Rs 565.”

“Yes Bank is a buy with a stop of Rs 165 and target of Rs 181. It closed at the high point of the day which is a rarity for this sort of stock. It is possible that it has a rally towards Rs 185 type of zone from where it broke down,” Gujral added.

Follow stock recommendations by Ashwani Gujral here: https://www.cnbctv18.com/author/ashwani-gujral-115/

“Bata has resumed a fresh rally. It’s a buy with a stop of Rs 1,030 and target of Rs 1,075,” he further added.

Disclaimer: The views and investment tips expressed by investment experts on CNBCTV18.com are their own and not that of the website or its management. CNBCTV18.com advises users to check with certified experts before taking any investment decisions.

 5 Minutes Read

Five books to look forward to in December

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

 Listen to the Article (6 Minutes)

Summary

“Why I Am a Liberal: A Manifesto for Indians Who Believe in Individual Freedom”, by Sagarika Ghose, will ask its readers whether they are liberal, or dislike liberals.

It’s the last month of 2018, a year that saw the release of several impressive novels and nonfiction works on subjects of contemporary interest. December will ring the final bell before the arrival of literary festivals, and these new offerings across various subjects and tastes will keep you company.

If political books are making much noise lately, brace for some more as former Prime Minister Manmohan Singh, who is on a spree of releasing books critical of the ruling dispensation, will be publishing “Changing India”, a unique series chronicling the country’s changing economy and polity over seven decades. This set of five volumes offers a selection of his writings, speeches, interviews and press conferences from his days in academia during the 1950s, through his career in the civil service during the 1970s and 1980s, as India’s Finance Minister in the early 1990s and as Prime Minister of India from 2004 to 2014.

Published by Oxford University Press (OUP), the upcoming series is said to reveal the evolution of Manmohan Singh’s thought, leading to the radical reforms of the early 1990s that transformed the Indian economy and placed it on a trajectory of high growth. The publisher informed IANS that Singh has provided insights into crucial social, economic and political issues of national and international importance, and has articulated his vision for India and the world.

Readers of mythology will not be disappointed as Devdutt Pattanaik, who has authored over 30 books on subjects related to ancient Indian scriptures and mythology, is returning with a new book. It is a popular belief that the Ramayana is idealistic while the Mahabharata is realistic.

“Yet these two epics have identical building blocks, identical themes, and identical history,” believes Pattanaik, who in “Ramayana vs Mahabharata”, explores the similarities and dissimilarities between the two epics in a “playful analysis” accompanied by his signature illustrations.

Whether it is the family structure, forest exile, or war, the comparison between the two epics, its publisher Rupa said, proves a startling point — that the Mahabharata is in fact a reaction to the events in the Ramayana.

“Why I Am a Liberal: A Manifesto for Indians Who Believe in Individual Freedom”, by Sagarika Ghose, will ask its readers whether they are liberal, or dislike liberals. It argues that whatever the case may be, the liberal is at the centre of public debate today.

“From discussions on nationalism to religion, freedom of speech, freedom to dissent and women’s rights, the liberal is regarded as a crucial voice. However, once influential, the Indian liberal is under attack from many who feel liberals have got it all wrong. Liberals stand for individual freedoms and argue against Big Governments. Yet, today, are individual freedoms such as the right to eat, worship, dress, love, marry, set up businesses, free speech, have opinions, read and write what you want in serious danger? Is the dominance of a Big Government or Big State stamping out individual freedom in an unprecedented manner?” asks Ghose.

The author shows how deep liberal traditions in India are and how the founding vision of India was a thoroughly liberal one. This is a compelling and thought-provoking book, a book one might want to read to know about individual freedoms.

And then there is “A Rural Manifesto: Realising India’s Future through Her Villages”, by Varun Gandhi. The book, published by Rupa amidst a national conversation on rural distress, highlights the potential solutions to putting the village economy on an even keel, while exploring how the vast majority of India ekes out a living.

“In this heartfelt and timely book, covering facets of the Indian rural economy, Feroze Varun Gandhi shines a bright light on the travails of the marginal farmer and asks searching questions on why the rural economy remains in doldrums, six decades after Independence,” the publisher said.

The book is said to explore rural India’s innate perseverance and highlight potential solutions in development policy with a focus on making the rural economy resilient.

“Where Some Things Are Remembered: Profiles And Conversations – Dom Moraes”, edited by Sarayu Srivatsava, will emphasise that Dom Moraes was not only one of India’s greatest poets, but also an extraordinary journalist and essayist. He could capture effortlessly the essence of the people he met, and in every single profile in this sparkling collection he shows how it is done.

“The Dalai Lama laughs with him and Mother Teresa teaches him a lesson in empathy. Moraes could make himself at home with Lalu Prasad Yadav, the man who invented the self-fulfilling controversy, and exchange writerly notes with Sunil Gangopadhyaya. He was Indira Gandhi’s biographer — painting her in defeat, post-Emergency, and in triumph, when she returned to power. He tried to fathom the mind of a mysterious ‘super cop’ — K.P.S. Gill — and also of Naxalites, dacoits and ganglords,” publisher Speaking Tiger said, giving a backround of the book.

It said that the collection is literary journalism at its finest and comes from an observer who saw people and places with the eye of a poet and wrote about them with the precision of a surgeon.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

 Daily Newsletter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

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Oil Fluctuates as Traders Assess China’s Vow, Unrest in Libya

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today's market

index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95

Currency

Company Price Chng %Chng
Dollar-Rupee 73.3500 0.0000 0.00
Euro-Rupee 89.0980 0.0100 0.01
Pound-Rupee 103.6360 -0.0750 -0.07
Rupee-100 Yen 0.6734 -0.0003 -0.05
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Should Elon Musk be able to buy Twitter?

 5 Minutes Read

Former US President George HW Bush dead

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Summary

Bush, a Republican, was a transitional figure in the White House, where he served from 1989 to 1993, capping a career of more than 40 years in public service. 

George HW Bush, the 41st President of the US and father of the 43rd, who steered the nation through a tumultuous period in world affairs, has died at the age of 94 in Houston, his spokesperson Jim McGrath announced.

His death on Friday night came less than eight months after that of his wife of 73 years, Barbara Bush, reports The New York Times.

The cause of his death was not immediately known.

However, the former leader suffered from a form of Parkinson’s disease that forced him to use a wheelchair or motorised scooter in recent years, and he had been in and out of hospitals during that time as his health declined.

In April, a day after attending his wife’s funeral, he was treated for an infection that had spread to his blood.

Bush, a Republican, was a transitional figure in the White House, where he served from 1989 to 1993, capping a career of more than 40 years in public service.

A decorated Navy pilot who was shot down in the Pacific in 1944, he was the last of the Second World War generation to occupy the Oval Office.

Bush was a skilled bureaucratic and diplomatic player who, as President, helped end four decades of Cold War and the threat of nuclear engagement with a nuanced handling of the collapse of the Soviet Union and the liberation of Eastern Europe.

Born into privilege and a tradition of service, Bush was a son of a senator, student athlete, Texas oilman, Republican congressman, national party chairman, pioneering diplomat and spy chief, reports CNN.

After his own 1980 presidential campaign came up short, he served two terms as Ronald Reagan’s Vice President before reaching the pinnacle of political power by winning the 1988 presidential election, soundly defeating Democrat Michael Dukakis.

After losing the White House in 1992, Bush became a widely admired political elder who leapt out of airplanes to mark birthday milestones.

Emphasizing the generosity of his soul, he forged a close and unlikely friendship with Democrat Bill Clinton, the man who ended his presidency.

When Parkinson’s disease mostly silenced him in public, Bush flashed his sense of humour by sporting colourful striped socks.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

 Daily Newsletter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Previous Article

Oil Fluctuates as Traders Assess China’s Vow, Unrest in Libya

Next Article

Shanghai residents turn to NFTs to record COVID lockdown, combat censorship

LIVE TV

today's market

index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95

Currency

Company Price Chng %Chng
Dollar-Rupee 73.3500 0.0000 0.00
Euro-Rupee 89.0980 0.0100 0.01
Pound-Rupee 103.6360 -0.0750 -0.07
Rupee-100 Yen 0.6734 -0.0003 -0.05
Quiz
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Win WRX (WazirX token) worth Rs. 1500.
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Answer Anonymously

Should Elon Musk be able to buy Twitter?

Sebi to reopen insider trading case against Sun Pharma

SEBI

Markets regulator Sebi is likely to reopen an insider trading case against Sun Pharmaceutical Industries as well as probe alleged lapses by some of its promoters and other entities in raising funds overseas, sources said.

The development comes after a whistle blower reportedly approached Sebi with a document alleging various irregularities by the company, its promoter Dilip Shanghvi and others, they added.

In August 2017, Sun Pharmaceutical, its managing director Dilip Shanghvi and nine other entities settled an insider trading probe on payment of Rs 18 lakh towards settlement charges.

Sources said Sebi is likely to reopen the case.

The Securities and Exchange Board of India (Sebi) has powers to reopen cases of settlement related to insider trading on various grounds.
According to the sources, alleged irregularities by the company’s promoters and others in raising funds through Foreign Currency Convertible Bonds (FCCBs) are also likely to be investigated by the watchdog.

Queries sent to Sun Pharma in this regard remained unanswered.
About the whistleblower complaint, a company spokesperson said, “We have not been contacted by Sebi in this regard.”

On Thursday, stock exchanges had sought clarification from Sun Pharma following a brokerage report that allegedly raised concerns about certain practices at the company.

In response, the company said the points raised pertain to historic events, some of which are dated as far back as 10-15 years.
“Certain points raised in the said note are incomplete and have been presented in a negative manner.

“The supporting information to the points raised in the note has been sourced from public domain and hence this information/ data is already available in public,” Sun Pharma had said in a filing on Thursday.

In August 2017, the regulator had not disclosed details of the case.
However, it had appeared to be related to the acquisition of Ranbaxy by Sun Pharma from Japanese drugmaker Daiichi, as the settlement with the regulator has also been done by former Ranbaxy CEO Arun Sawhney, Daiichi’s director Kazunori Hirokawa, its ex-Chairman Takashi Shoda and its former senior executive officer Tsutomu Une.

Shoda is said to have led Daiichi’s acquisition of Ranbaxy in 2008, though the Japanese giant had to eventually sell its stake in the company to Sun Pharma in 2014.

Besides, the settlement was done by Ranbaxy’s former secretary S K Patawari; Sun Pharma’s directors Sudhir V Valia and Sailesh Desai; and its company secretary Sunil Ajmera.

Sebi had agreed to settle proposed adjudication proceedings in the case, pertaining to violation of the “internal code of conduct for prevention of insider trading” framed by the company, after it was approached by these 11 entities with a plea under the settlement regulations “without admitting or denying the findings of fact and conclusion of law”.

 5 Minutes Read

US proposes changes to H1B visa application process in favour of skilled and highly paid foreign workers

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

 Listen to the Article (6 Minutes)

Summary

The H1-B visa has an annual numerical limit cap of 65,000 visas each fiscal year as mandated by the Congress.

The Trump administration on Friday proposed major changes to the H-1B application process with the aim of awarding the visa to the most skilled and highest paid foreign workers.

Under a new proposed merit-based rule, a notice for which was issued on Friday, companies employing foreign workers on the H-1B visa under the Congressional mandated annual caps — would have to electronically register with the US Citizenship and Immigration Services (USCIS) during a designated registration period.

The H1-B visa has an annual numerical limit cap of 65,000 visas each fiscal year as mandated by the Congress. The first 20,000 petitions filed on behalf of beneficiaries with a US master’s degree or higher are exempt from the cap.

The USCIS would also reverse the order allowing it to select H-1B petitions under the H-1B cap and the advanced degree exemption.

This is likely to increase the number of foreign workers with a master’s or higher degree from a US institution of higher education to be selected for an H-1B cap number. As such the proposed rule will introducing a more meritorious selection of beneficiaries, the Department of Homeland Security (DHS) said in a statement.

The DHS said public comments on the proposed rule can be submitted from December 3 to January 2.

“Currently, in years when the H-1B cap and the advanced degree exemption are both reached within the first five days that H-1B cap petitions may be filed, the advanced degree exemption is selected prior to the H-1B cap.

“The proposed rule would reverse the selection order and count all registrations or petitions towards the number projected as needed to reach the H-1B cap first,” the DHS said.

Once a sufficient number of registrations or petitions have been selected for the H-1B cap, the USCIS would then select registrations or petitions towards the advanced degree exemption.

?This proposed change would increase the chances that beneficiaries with a master’s or higher degree from a US institution of higher education would be selected under the H-1B cap and that H-1B visas would be awarded to the most-skilled and highest-paid beneficiaries,? it said.

The proposed process would result in an estimated increase of up to 16 per cent (or 5,340 workers) in the number of selected H-1B beneficiaries with a master’s degree or higher from a US institution of higher education, the DHS said.

The USCIS said it expects that shifting to electronic registration would reduce overall costs for petitioners and create a more efficient and cost-effective H-1B cap petition process for the agency.

The proposed rule would help alleviate massive administrative burdens on USCIS since the agency would no longer need to physically receive and handle hundreds of thousands of H-1B petitions and supporting documentation before conducting the cap selection process, it said.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

 Daily Newsletter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Previous Article

Oil Fluctuates as Traders Assess China’s Vow, Unrest in Libya

Next Article

Shanghai residents turn to NFTs to record COVID lockdown, combat censorship

LIVE TV

today's market

index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95

Currency

Company Price Chng %Chng
Dollar-Rupee 73.3500 0.0000 0.00
Euro-Rupee 89.0980 0.0100 0.01
Pound-Rupee 103.6360 -0.0750 -0.07
Rupee-100 Yen 0.6734 -0.0003 -0.05
Quiz
Powered by
Are you a Crypto Head? It’s time to prove it!
10 Questions · 5 Minutes
Start Quiz Now
Win WRX (WazirX token) worth Rs. 1500.
Question 1 of 5

What coins do you think will be valuable over next 3 years?

Answer Anonymously

Should Elon Musk be able to buy Twitter?