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Stove Kraft Ltd, manufacturer of kitchen appliances, on Thursday said it has fixed a price band of Rs 384-385 a share for its initial public offer, which will open for subscription on January 25.This would be the fourth company to launch an IPO in this year, after Indian Railway Finance Corporation which concluded on Wednesday, while Indigo Paints and Home First Finance Company are currently open for public subscription.Stove Kraft's initial share-sale offer comprises a fresh issue of equity shares aggregating up to Rs 95 crore and an offer for sale of up to 82.50 lakh equity shares.The offer for sale comprises up to 6,90,700 shares by promoter Rajendra Gandhi; up to 59,300 shares by promoter Sunita Rajendra Gandhi; up to 14,92,080 shares by Sequoia Capital India Growth Investment Holdings and up to 6,007,920 shares by SCI Growth Investments II.At the upper end of the price band, the initial public offer (IPO) is expected to fetch Rs 412.62 crore, Sequoia Capital-backed company said in … [Read more...] about Stove Kraft IPO to open on Jan 25; price band fixed at Rs 384-385 a share

by Anurag KumarHealth spending is largely viewed as a cost. This is true of Governments and individuals alike. Finance Ministries thinks of health as a social sector expenditure. Individuals avoid paying for health till it becomes absolutely necessary and unavoidable.It would be wise for both, Governments, and individuals to consider health as an investment instead. Individual ‘investment’ in self-care and preventive health yield returns by lowering need for, and spending on curative care. Government investment in health has a strong multiplier effect throughout the economy in addition to enhancing the population’s well-being.The 2021 budget presents an opportunity to mark a departure from the chronic, low public spending on health. Policymakers should take the Covid-19 pandemic as a cue to move health expenditure to a higher orbit. Beyond the immediate need to fund Covid-19 vaccination, it is also a critical juncture where the role and impact of public health funding … [Read more...] about Investing in health is good economics

“While applications of 4IR technologies will help the country move up the value chain in products and services, Vietnam should consider new approaches to ensure inclusion and social protection for entry-level workers, especially those at risk of job displacement, and those who need upskilling,” said Andrew Jeffries, country director for Vietnam of ADB. “Adequate and timely investments in skills development can help the country not only to harness the potential of 4IR to increase productivity but also ensure that 4IR will benefit workers at large.” … [Read more...] about VIETNAM BUSINESS NEWS JANUARY 21

"It might be tempting to go back to the good old days and just tie back together those frayed trade links," wrote Roger Kay, a tech analyst at Endpoint Technologies, in a report this week. But the US-China relationship was "one-sided," he added, pointing out that Beijing has often demanded American companies partner with Chinese ones and hand over large stakes in their operations, among other requirements. … [Read more...] about The China trade war is one thing Joe Biden won’t be rushing to fix

In the era of big-tech dominated virtual world, hard-core manufacturing is hardly the place where one would look for excitement. But, back home here, that is the space that is buzzing with a lot of actions of late. Sample this…Apple to bring in more of its global suppliers in the component space (not handset assembly, but the entire eco-system for parts).Dixon to foray into ICT hardware (Laptops, Tablets, Desktops manufacturing in large scale.)Tata to invest in a green-field project for a phone component plant for Apple (entailing ₹5000 crore.)Corporates have lined-up significant capital investments in Specialty chemicals/API/ Agrochemicals etc. under PLI. India’s manufacturing has been on a secular decline for long. From 17%+ contribution to the GDP from the start of the decade, it has steadily slipped to an abysmally low level of 13% now. Arguing fiercely about India’s failing manufacturing has been a bit like flogging a dead horse so far. It was considered a … [Read more...] about Opinion: Is PLI Scheme a game changer