Hyundai Motor plans Rs 300 crore IPO

Sunil Pandey
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Hyundai Motor plans Rs 300 crore IPO

To strengthen its position in the fastest-growing market and solve the “Korea discount” that is affecting its valuation, Hyundai Motor intends to launch a $3 billion initial public offering (IPO) in India. Through the IPO, Hyundai hopes to strengthen its growth plans and become less dependent on funds from its parent business in South Korea. The money raised will go toward battery facilities, charging infrastructure, and the introduction of electric vehicles.

In addition to increasing its market share in one of the fastest-growing economies on earth, Hyundai Motor’s proposed $3 billion initial public offering (IPO) in India aims to rectify the “Korea discount” that affects the company’s valuation in its own nation.

Hyundai, the second-biggest automaker in India, hopes to strengthen its position in a market where it has been successful for more than 25 years by taking advantage of this IPO, which may be the biggest in the nation’s history. Considering its sizeable market share and track record of providing reasonably priced vehicles, Hyundai views India as a crucial market for its continued expansion.

Hyundai hopes to lessen its financial dependence on its South Korean parent firm by listing in India. This will give it greater freedom to pursue its expansion goals and successfully take on regional rivals like Tata.

This decision shows Hyundai’s dedication to forging its own path in a market that accounts for a sizeable share of worldwide sales, in addition to diversifying its funding sources.

The launch of electric cars (EVs), the construction of charging infrastructure, and the establishment of a battery facility in India are the main goals for the IPO funds.

Hyundai intends to establish itself as a leader in this area, and this strategic deployment is a reflection of its prediction of the growing demand for EVs in the Indian market. In line with its long-term growth goals, the financing would also help Hyundai increase its manufacturing capacity in India.

Industry analysts see Hyundai’s planned IPO as a strategic response to India’s growing stock market and a chance to close the value gap that separates South Korean companies from their international competitors, even though Hyundai has not formally announced the plans.

With a projected valuation of $30 billion, the India unit IPO could potentially increase its overall valuation and lessen the perception of a “Korea discount” because it represents a sizeable share of the market capitalization of its Korea-listed parent.

Analysts warn that fixing the “Korea discount” might not be easy, but listing in India could improve Hyundai’s reputation locally and draw investors’ attention to the company’s success there.

In the end, the IPO highlights Hyundai’s strategic goal to capitalize on India’s economic potential, fortify its financial standing, and set itself up for long-term success in the ever-changing automotive sector.

Conclusion

In an effort to strengthen its position in the fastest-growing market and solve the “Korea discount” that is affecting its valuation there, Hyundai Motor is scheduled to initiate a $3 billion initial public offering (IPO) in India. The IPO, which has the potential to be the biggest ever, will lessen Hyundai’s financial dependence on its parent firm in South Korea, giving it greater freedom to pursue expansion plans and successfully take on regional competitors. The money raised will be used to build a battery facility in India, install infrastructure for charging electric cars, and launch the automobiles. Additionally, the IPO can improve Hyundai’s reputation locally and draw investors’ attention to the company’s success in the Indian market.

‘Papa kehte hain’ : Bigg Boss 17 winner Munawar Faruqui reacts to Aditya Narayan’s concert row

Newsdesk
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‘Papa kehte hain’ : Bigg Boss 17 winner Munawar Faruqui reacts to Aditya Narayan’s concert row

Singer Aditya Narayan was criticized for a viral video of him snatching and throwing a fan’s phone in the crowd during a concert. Bigg Boss 17 winner Munawar Faruqui subsequently altered the lyrics of a song sung by his father, causing widespread social media trolls.

Aditya Narayan, whose father if Bollywood singer Udit Narayan, made headlines recently. He was caught on camera at a concert seizing and tossing a fan’s cell phone into the throng; the footage quickly went viral. Social media users quickly began making fun of the Tattad Tattad singer for his interactions with the audience after the video went viral. Now, Bigg Boss 17 winner and stand-up comedian Munawar Faruqui mocked Aditya Narayan by changing the words of a song sang by the singer’s father on his X (formerly Twitter) account.

The original song was: ”Papa kehte hain bada naam karega. Beta hamara aisa kaam karega.”

But Munawar Faruqui turned it to: ”Papa kehte hain, badnaam karega! Beta humare aise kaand karega.”

Here’s what happened

Aditya seemed to be losing his cool while playing the song Aaj Ki Raat from Shah Rukh Khan’s Don in the viral video. Then, before he could finish his performance, he grabbed the fan’s phone and tossed it into the crowd.

Aditya was seen in the video performing live at his event at Bhilai, Chhattisgarh’s Rungta R2.

Social media users expressed their outrage towards the musician, in addition to the concertgoers who were taken aback by his actions.

Watch the viral video:

Social media users flocked to the scene shortly after the video went viral, mocking Aditya for his actions. A user commented, “Why are people gathering in such large numbers to hear this below average singer? His father is so humble, but his attitude is just the opposite.” Another person said, “There will be a lot of bathroom singers better than him.” “A FIR should be registered for damage to personal property,” remarked a third user. Laws exist to punish such careless behavior.

The BB17 winner has now posted this on Twitter (now X):

Conclusion

Aditya Narayan, son of legendary singer Udit Narayan, has been criticized for a viral video of him snatching and throwing a fan’s mobile phone in the crowd during a concert. The incident has sparked a backlash on social media, with fans expressing their anger towards the singer. Bigg Boss 17 winner and stand-up comedian Munawar Faruqui took a dig at Aditya by altering the lyrics of a song sung by his father. The incident has sparked a heated debate on social media about the singer’s behavior and the need for legal action.

International Childhood Cancer Day 2024: All you need to know

Newsdesk
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International Childhood Cancer Day 2024: All you need to know

International Childhood Cancer Day on February 15 raises awareness about childhood cancer. The day is observed to advocate for improved diagnosis, treatment, and support, challenge misconceptions, and cultural taboos, as well as promote personalized treatment protocols.

International Childhood Cancer Day is observed on February 15 worldwide. Its goals are to increase public awareness of childhood cancer and to push for better early detection, treatment, and support for young patients and their families. With thousands of youngsters receiving a diagnosis each year, childhood cancer continues to be a major global health concern. Children affected by cancer frequently present at a later stage, marked by inadequate awareness, delayed diagnosis, and treatment abandonment, which represent substantial hurdles in properly managing the disease, according to Dr. Satya Prakash Yadav, Director, Bone Marrow Transplant, Medanta, Gurugram.

Furthermore, there is a lot of misinformation and quiet surrounding childhood cancer. Even while many diseases can now be effectively treated because to medical developments, societal taboos and false information still exist, making early detection and successful treatment difficult. It takes a multifaceted strategy to dispel these myths and taboos, one that includes educating the public, creating a supportive environment for cancer-affected children and their families, and increasing awareness. Let’s dispel the misconceptions and taboos around children cancer on International children Cancer Day in 2024.


Myth 1: Cancer in children is uncommon.

Despite what many people think, juvenile cancer is not as uncommon as they think. The most common cause of disease-related mortality in children is childhood cancer. An estimated 200,000 children receive cancer diagnoses worldwide each year. Even while the incidence is less than in adults, it is nevertheless rather high.

Myth 2: Cancer in children is inherited.

Most childhood cancers are not inherited, while some do have a genetic component. Rather, they frequently result from haphazard mutations in the DNA of developing cells. While environmental factors might be involved in certain cases, the precise cause of the majority of children malignancies is yet unknown. Parents and families may feel less unwarranted shame or anxiety after realizing this.

Myth 3: Cancer in children can spread.

Cancer in children is not transmissible. It cannot be spread via close proximity to someone who has cancer, exchanging possessions, or physical touch. Regrettably, for kids receiving treatment, this misperception may result in social stigma and isolation. It takes education and awareness to break this myth and provide affected families with help.


Myth 4: Cancer in children always results in death.

Even though the survival rate for some types of juvenile cancer is lower than others, many of them are quite curable, particularly if caught early. The results for kids with cancer have greatly improved thanks to developments in targeted therapy and customized medicine, among other therapeutic modalities.


Myth 5: Treatment for childhood cancer results in infertility.

Not all childhood cancer therapies result in infertility, while some, like chemotherapy and radiation therapy, can impact fertility in both adults and children. Moreover, older kids and teenagers receiving cancer treatment have access to options for fertility preservation such sperm or egg banking. Families should be informed about these worries by healthcare professionals, who should also, where necessary, look into fertility preservation measures.

Conclusion

February 15 is celebrated as International children Cancer Day, a day to campaign for better diagnosis, treatment, and support for young patients and their families as well as to increase public awareness of children cancer. With thousands of children being diagnosed with childhood cancer every year, childhood cancer is a major worldwide health concern. Cultural taboos and misinformation linger, making early discovery and successful treatment more difficult. Many times, factors that are uncommon, genetic, infectious, always lethal, and that lead to infertility are misinterpreted. These fallacies can be debunked and a supportive environment for affected families can be fostered by elements such as genetics, environmental factors, and treatment methods. The results of treatment for children with cancer have greatly improved because to developments in medical technology and protocols. When it’s appropriate, medical professionals should talk to families about these worries and look into fertility preservation methods.

Mozilla reduces its workforce; will integrate AI into Firefox

Nitin Gohil
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Mozilla reduces its workforce; will integrate AI into Firefox

With a goal of reducing investment in several products and concentrating on integrating reliable AI into Firefox, Mozilla is laying off 60 workers. The company will close Hubs, a 3D virtual environment, and combine jobs in support services.

According to reports, 60 team members at Mozilla, the maker of the Firefox browser, may be let go as it reduces its commitment in a number of products. In a memo, Mozilla stated that it will concentrate on integrating “trustworthy AI into Firefox” and that, in order to do this, it will collaborate with the Firefox Organization’s content-supporting AI/ML teams, Pocket, and Content.

“Given the reduction in staffing and lower headcount budget moving forward in ‘MozProd’, some roles have been consolidated in the People and other support services orgs so that we are offering the right level of support to our product portfolio,” the company wrote in the memo to the employee, according to the TechCrunch reports.

In addition, Mozilla will reduce its commitment in its mozilla.social Mastodon instance and shut down Hubs, the 3D virtual environment it introduced back in 2018.

“The steps we’re doing will implement this tactical adjustment, leveraging a significantly smaller team to engage with the Mastodon ecosystem and expeditiously delivering smaller trials to individuals who opt to reside on the mozilla.social instance,” the organization continued.

In markets where “competitors crowd and where it is challenging to deliver a differentiated offering,” the corporation is cutting down on spending.

It stated that there will be no adjustments made to marketing, strategy and operations, finance and business operations, or legal/policy.

Conclusion

Mozilla is laying off 60 workers to reduce its investment in multiple products and concentrate on integrating “trustworthy AI into Firefox.” The organization intends to combine positions in People and Support Services. on addition, Mozilla is going to reduce its funding on its mozilla.social Mastodon instance and close down Hubs, a 3D virtual world. The business is cutting back on investments in market niches where there are many competitors and it is difficult to provide a unique service.

Supreme Court Announces Electoral Bonds Scheme Invalid – Explained in 5 Points

Taushif Patel
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Supreme Court Announces Electoral Bonds Scheme Invalid – Explained in 5 Points

A five-judge Supreme Court Constitution court threw down the electoral bonds program on Thursday, deeming it “unconstitutional” and permitting anonymous payments to political parties. Only months before the Lok Sabha election, the much awaited ruling declared that the electoral bonds program infringed against the right to freedom of speech and expression as guaranteed by Article 19(1)(a) of the Constitution.

Chief Justice Chandrachud declared, “Information about funding of political parties is essential for the effective exercise of the choice to vote,” in invalidating the program, which had been implemented under the Finance Act of 2017.

The Election Commission of India (ECI) has asked the State Bank of India (SBI), the bank that issues electoral bonds, to provide it with a list of political parties that have received bonds since 2019. The deadline for this request is three weeks. It has been requested that the ECI provide these facts on its official website as well.

TOP 5 POINTS DISCUSSED BY THE SUPREME COURT ABOUT ELECTORAL BONDS

  • It has been decided that the electoral bonds programme is unlawful. According to Article 19(1)(a) of the Constitution, the Supreme Court found that the plan infringed people’ access to knowledge and affected their freedom of speech and expression. The Supreme Court declared, “Achieving transparency in political funding cannot be achieved by granting absolute exemptions.”
  • The highest court ordered that the issuing bank (SBI) immediately cease issuing electoral bonds. By March 6, 2024, the Election Commission has requested information from the State Bank of India about electoral bond donations as well as the political parties that received them. Election bonds that political parties have not cashed must be given back to the original buyer.
  • The Income Tax Act and the Representation of People Act modifications that had rendered the donations anonymous were also overturned by the Supreme Court.
  • The Supreme Court made a significant comment when it stated that the election system will benefit the ruling political party. Additionally, it ruled that the plan could not be supported by the argument that it would stop the flow of black money into politics. Different degrees of political participation are a result of economic inequality. Information access influences policy decisions and can result in quid pro quo agreements that benefit the ruling party, according to the ruling of the Supreme Court.
  • The Companies Act change that permitted corporate political donations on a broad scale was deemed “unconstitutional” by the court. The CJI claimed that it went against citizens’ rights to knowledge about potential quid pro quos. Before the Companies Act was changed in 2017, Indian businesses that were losing money were not permitted to make contributions.

Delhi High Court Enhances Security Following Threat Email

Taushif Patel
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Delhi High Court Enhances Security Following Threat Email

The Delhi High Court’s security was increased on Thursday after officials there received an email threatening to bomb the court’s grounds.

An email threatening the authorities with the “biggest bomb explosion” on Thursday was sent late on Wednesday.

The Registrar General of the court received the mail. “On February 15, I’m going to blast you up with a bomb. In Delhi, this explosion will be the largest. The email said, “Deploy as much security as you can, call all the ministers, and we’ll blow you all up together.”

The Bihar DGP also got a bomb threat call that day via audio recordings and WhatsApp messaging.

Afterwards, the defendant in the case was taken to Patna after being taken into custody in Karnataka. His investigation had begun.

Farmers Set to Block Trains in Day 3 of Protest, Engage in Round 3 Talks

Taushif Patel
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Farmers Set to Block Trains in Day 3 of Protest, Engage in Round 3 Talks

3 Facing a standoff at the borders of Punjab and Haryana, union ministers will meet with leaders of the farming community in Chandigarh for a third round of negotiations.

Many prominent farmer unions have pledged their support to the farmer unions protesting at the borders of Shambhu and Khanauri in Punjab. The Bharatiya Kisan Union (Ugrahan) and BKU Dakaunda (Dhaner faction) have announced a “rail roko” (stop trains) in the state on Thursday, February 15, between 12 noon and 4 pm. The current protests have also received backing from the Samyukt Kisan Morcha, an umbrella organization of 37 farm unions. For their crops, the demonstrators are calling for a minimum support price or MSP.

These unions joined the current protests in response to the “condemnable use of violence” against farmers, and they had been major players in the fringe demonstrations in Delhi in 2021. Sukhdev Singh Kokri Kalan, general secretary of BKU (Ugrahan), has criticized the police action.

We are united in our support of them. He declared, “Our supporters will stop trains, or rail roko, at as many locations as we can to demonstrate this. He stated that the group will shut down train lines in Punjab on Thursday from 12 to 4 p.m., one day ahead of the wider nationwide walkout scheduled for February 16.

  • Important details of farmers’ “Delhi chalo” protest
    The BKU Ugrahan and BKU Dakaunda (Dhaner faction) will jointly participate in the rail roko protest, and The Indian Express stated that approximately ten protest sites have been finalized. More locations are probably going to be added by tonight.
  • The report further stated that the following places have been chosen for the rail roko protests: Rajpura, Sunam (next to the borders of Shambu and Khanauri, respectively), Jethuke hamlet in Bathinda, Moga, Mansa, Malaut, Valla railway crossing in Amritsar, Barnala, Sangrur, and Budhlada. The Amritsar-Jalandhar-Delhi line, the Mansa-Bathinda-Delhi line, the Ludhiana-Ferozepur line, and numerous other areas will be impacted, according to BKU Ugrahan general secretary Sukhdev Singh Kokrikalan.
  • As the standoff between protesters and police at the Punjab-Haryana border enters its third day, characterized by increased skirmishes between the two sides, three Union ministers will meet farmers’ representatives in Chandigarh on Thursday for the third round of discussions. The two previous gatherings that took place before the march started as “inconclusive.”
  • At five o’clock in the evening, federal ministers Arjun Munda, Piyush Goyal, and Nityanand Rai will meet with Sarwan Singh Pandher, the leader of the Kisan Mazdoor Sangharsh Committee.
  • According to reports, Agricultural Minister Arjun Munda and Defense Minister Rajnath Singh discussed ways to resolve the problems facing farmers in New Delhi.
  • On Wednesday, security personnel shelled the “Delhi Chalo” demonstrators intermittently at the Shambhu border post near Ambala. Every time a farmer group approached the barriers, security personnel would use tear gas. According to reports, the demonstrators threw stones at the security officers.
  • In the Jind district of Haryana, a similar standoff was observed to be ongoing at the Data Singhwala-Khanauri border. However, things were still less tumultuous than they were on Tuesday when farmers attempted to advance toward the national capital by using their tractors to move cement barriers at Shambhu.
  • Farmer leaders reported that tear gas and rubber bullets struck more than 100 demonstrators on Tuesday, causing injuries. According to the police, protestors’ stone-throwing on the first day of the demonstration injured 24 of their soldiers.
  • Farmers with their tractor-trolleys along the road at the border of Shambhu, and more coming from various parts of Punjab, are still more than 200 km away from their destination.
  • The borders between Delhi and the states of Haryana at Singhu and Tikri, as well as between Uttar Pradesh and Ghazipur, are marked with several levels of concrete blocks and metal spikes.
  • Traffic from Delhi to Sonipat at Singhu and the flow of cars to Bahadurgarh. Commuters in Delhi encountered difficulties crossing the Singhu border because of the area’s closure.

Shilpa Shetty’s Letter To PM Modi After Ram Mandir Pran Pratishtha Goes Viral

Nitin Bhatnagar
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Shilpa Shetty’s Letter To PM Modi After Ram Mandir Pran Pratishtha Goes Viral

The Pran Pratishtha ceremony of Bhagwan Ram took place last month in Ayodhya and it was a big moment for the Indians as Bhagwan Ram came back after a long wait of 500 years. The Indian Prime Minister Narendra Modi carried out the rituals as per the guidance given by the priests who chanted mantras during the ceremony.

Almost 2-3 lakhs people are visiting Ayodhya every day for having darshan of Ram Lalla and many people have praised the Indian PM and his government for making this dream come true.

The famous Bollywood actress Shilpa Shetty Kundra also praised PM Modi as she wrote a letter to him in which she stated, “While some read history, and others learn from it, individuals like you (PM Narendra Modi) have the extraordinary ability to recreate it. You have rewritten the 500-year-old history of the Ram Janmabhoomi. Heartfelt gratitude for this. Your name will forever be associated with Lord Shri Ram for achieving this auspicious feat.”

The screenshot of the letter was posted on X with the caption, “Famous actress @TheShilpaShetty recently wrote a letter to Prime Minister Narendra Modi and thanked him. Sri Rama was in exile for 5 centuries. Finally that exile ended. That too because of Modiji’s efforts.. Shilpa ji has thanked the Prime Minister for this.”

PM Modi and every person associated with Ram Mandir deserves respect. Jai Shri Ram.

Poonam Pandey Slapped With Rs 100 Cr Defamation Case For Faking Her Death

Nitin Bhatnagar
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Poonam Pandey Slapped With Rs 100 Cr Defamation Case For Faking Her Death

The actress Poonam Pandey who is mostly known for her hot and bold roles and dance numbers created a controversy some time back by announcing her fake death due to cervical cancer and later on, she justified her act by saying that because of her fake death, people started talking about the disease which needs more attention.

This stunt didn’t go well with many and they slammed the actress for stooping so low. All Indian Cine Workers Association also demanded an FIR against the actress and called her action unacceptable.

Now a Rs. 100 crore defamation case has been filed against Poonam Pandey and her husband Sam Bombay by Faizan Ansari as he feels that Poonam Pandey is responsible for “trivializing the seriousness of cancer and manipulating the emotions and trust of millions” by creating a drama of her own death.

In the FIR filed with the Police Commissioner, Kanpur, Ansari wrote, “Poonam Pandey and her husband Sam Bombay conspired to stage her death, making a mockery of a serious illness like cancer. Poonam Pandey orchestrated this stunt for her personal publicity, betraying the trust of millions of Indians and the entire Bollywood industry.”               

Awareness and conversation about cervical cancer is necessary but such an act is not justifiable, what do you say?

Organizer Reveals Shocking Reason Behind Aditya Narayan Throwing The Fan’s Phone

Nitin Bhatnagar
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Organizer Reveals Shocking Reason Behind Aditya Narayan Throwing The Fan’s Phone

The Indian playback singer Aditya Narayan, son of famous playback singer Udit Narayan, is making headlines for a couple of days for all the wrong reasons as people are calling him arrogant after he hit a person with his microphone and also threw that person’s mobile phone in the crowd.

The incident took place when Aditya was performing live at Rungta R2 College in Bhilai, Chhattisgarh. The singer hasn’t spoken on this matter but the organizer of the event talked about it in an interview.

Here is the video of the incident:

The organizer stated, “That boy was not even a college student, he must be someone from outside the college. He was constantly dragging Aditya’s feet nonstop. He was very irritating. He banged his phone on Aditya’s feet multiple times. After that only did he lose his cool. He must have taken almost 200 selfies with this student. The whole concert went smooth apart from this. After this incident, the show went on for almost two hours. If the student was right, he would have had come forward.”

The organizer also gave the example of Darshan Rawal while saying that such things keep happening in every college. He said, “Even Darshan Rawal stopped doing such college events because these kinds of activities keep happening in every city. People don’t know the truth behind everything. You just see one side. He kept continuously hitting and dragging Aditya, what if he had fallen down? If this boy was right, he would have come forward and told the college authorities that this has happened to him. I have been connected with the college since many years and they haven’t had a good concert like this one ever. They have said so themselves.”

Well, let’s see when Aditya will respond on this matter.

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