Star Health cuts IPO size after tepid subscription

COLOMBO (News 1st); Thousands of Sri Lankan health workers continued their strike action for the fifth consecutive day on Friday (11), despite a court issuing an order against a nurses trade union that is also taking part in the strike.Health workers in Sri Lanka have been staging demonstrations and strikes since November 2021 to draw attention to the issue of salary anomalies.Their major demands include the rectification of salary anomalies, higher allowances, and an increase in overtime rates.Supplementary and paramedical services, nursing services, and professionals from 16 health services including medical laboratory technologists, pharmacists, radiologists, public health inspectors, and family health officers are participating in the indefinite strike.Thousands of poor patients who visited government hospitals were turned away, as a result.A Sri Lankan court on Thursday (10) issued two enjoining orders preventing the strike action by the Government Nursing Officer’s Association from continuing.The Attorney General filed an action against the Government Nursing Officer’s Association and its president Saman Rathnapriya, seeking an enjoining order from the court to immediately suspend the trade union action of the said union.The Attorney General appraised the court of the present deplorable conditions in hospitals due to patient care being severely affected.District Court Judge of Colombo Aruna Aluthge issued two enjoining orders preventing the union from continuing the said trade union strike endangering the lives of the patients.As a result of the strike, over this week the activities at the Colombo General Hospital, Kandy General Hospital, 24 Teaching Hospitals, 26 General Hospitals, 46 Base Hospitals, 410 District

Prince Charles getting Covid again should be "ringing royal alarm bells," according to an expert who warns of some "regal whiplash". The 73-year-old is set to snatch an almost 200-year record by becoming the oldest person to be crowned monarch.

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Withdrawal of restrictions

Boris Johnson ending Covid isolation rules is a "distraction" from the PM's lockdown party scandal, according to a Scots health expert.

SYDNEY :

Charli XCX has said that the criticism she’s received on social media lately has taken a toll on her mental health.The singer-songwriter, who releases her fifth album ‘Crash’ on March 18, issued a statement on Twitter yesterday (February 10) to explain that she’s temporarily stepping back from the platform due to the “negativity” surrounding her current campaign.“I’ve always had a pretty open dialogue with you guys and so I just wanna mention a few things that have been on my mind recently,” Charli began.“I have been feeling like I can’t do anything right at the moment.

COLOMBO (News 1st); The new University of Vavuniya was declared open by President Gotabaya Rajapaksa on Friday (11).The University of Vavuniya is the 17th State University in Sri Lanka and was established with effect from the 1st of August 2021 via an Extraordinary Gazette on the 8th of June 2021 that elevated the Vavuniya Campus of the University of Jaffna, to a separate state university in Sri Lanka.The new state university was established for the purpose of providing, promoting, and developing higher education in the branches of learning of Business Studies, Applied Science, and Technology Studies.

Dr Tedros Adhanom Ghebreyesus, Director-General of he World Health Organization (WHO), Buti Manamela, Deputy Dr Blade Nzimande, Minister of Higher Education, Science and Technology of South Africa, Dr Joe Phaahla, Minister of Health of South Africa and Meryame Kitir, Minister of Development Cooperation and Urban Policy of Belgium today visit a number of public and private sector partners that are collaborating to develop and build WHO’s global mRNA vaccine technology transfer hub in South Africa.

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Protester numbers outside New Zealand's parliament have increased as police scaled back efforts to clear anti-vaccine demonstrators involved in violent clashes a day earlier.

COLOMBO (News 1st); Sri Lanka’s Health Ministry has warned against the use of fake vaccination cards to avoid being vaccinated against COVID-19.Dr. Anwar Hamdani, attached to the Health Ministry said information on all those who have been vaccinated are with the Health Ministry, and it is a futile attempt to evade being vaccinated.“Getting vaccinated is a social responsibility and therefore everyone must get vaccinated against COVID-19,” he said.At the same time, the Deputy Director-General of Public Health Services Dr.

Despite key party figures expressing support and posing for pictures with protesters, the Conservative Party is joining pleas to end disruptive blockades against COVID restrictions.

Disruptive blockades protesting COVID-19 mandates are escalating in Ontario, prompting more calls for the province to take action. So why has Ontario Premier Doug Ford been mostly absent over the unrest? Eric Sorensen explains the possible strategy behind keeping a low-profile, as concerns grow over potentially politicizing pandemic strategy.

Ottawa police on Thursday provided an update on their ongoing enforcement measures against trucker protests demonstrating against COVID-19 vaccine mandates throughout parts of the city.

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Prime Minister Justin Trudeau held a meeting with leaders of opposition parties Thursday evening, where he said he briefed them on the latest developments of the trucker convoy protests and blockades.

Unhappy Olympic athletes are calling out organizers of the Beijing Games with a litany of complaints about everything from COVID-19 protocols to inadequate catering.

Camilla Parker-Bowles has broken her silence after she was handed the future title of 'Queen Consort' by the Queen on the eve of the Platinum Jubilee last weekend.The Duchess of Cornwall, 74, said she was "very, very honoured" and "very touched" to be bestowed the honour by Her Majesty while on a royal visit to Nourish Hub community food centre in West London.She went ahead with the public appearance after testing negative for Covid despite spending the previous evening with husband Prince Charles, who remained in self-isolation after contracting the virus for the second time yesterday (February 10).Charles, who is said not to be experiencing any symptoms of the virus, was forced on Thursday to cancel his visit the Great Hall at Winchester Castle and the unveiling of a statue of Jewish-British historical figure Licoricia of Winchester.It was also revealed that he had seen his mum the Queen two days before testing positive.Describing the situation, Camilla told Willie Hartley Russell, high sheriff for Berkshire: "He’s diagnosed now. Luckily (she’s negative).

Simon Cowell has been forced to pull out of Britain's Got Talent auditions after testing positive for Covid.The ITV entertainment show is back this year after being cancelled in 2021 because of the pandemic and auditions have been under way at the London Palladium.Due to his positive test result, the 62-year-old TV personality could not take his seat at the judge's table. Simon's spokesperson exclusively told Mail Online that the star is currently isolating at his London home after contracting the virus.His spokesperson said: "Simon was unable to attend filming today as he was isolating at home after testing positive for Covid-19." Simon was scheduled to be on the set of the talent competition on Thursday alongside his fellow judges Amanda Holden, Alesha Dixon and David Walliams.A week before testing positive and withdrawing from the audition process, Simon was rushed to hospital after being caught in a horrific e-bike accident near his home in West London.The incident which happened last Thursday night saw Simon fall off his e-bike while reaching speeds of 20mph.This is the second e-bike accident the father-of-one experienced, just 18 months after breaking his back on an e-bike in Los Angeles.

PHILADELPHIA - Bob Saget's shocking cause of death has caused many to wonder how likely it is that an accidental blow to the head can turn fatal.The 65-year-old entertainer and Philadelphia native was found on his hotel bed at the Ritz Carlton in Orlando on Jan. 9.

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COLOMBO (News 1st); A wanted drug traffickers knowns as ‘Abba’ was killed in a shootout with the Police Special Task Force on Thursday (10) night in Egoda Uyana, Moratuwa.The Police Special Task Force told News 1st that a raid was carried out at around 10 PM on Thursday (10) night after receiving a tip-off that a house in Egoda Uyana contained drugs.During the raid, a man had opened fire from inside the house and the Police Special Task Force had returned fire.The Police in a statement said, “One suspect opened fire at an STF Officer with a pistol, and the STF officer returned fire.”In the exchange of fire, a 27-year-old male identified as ‘Abba’ (Thelge Dilan Sameera Peiris) was killed and he is a known associate of a notorious drug trafficker operating from Dubai.One STF member was injured in the incident.Sri Lanka Police said two bullets fired by the suspect had hit the protective vest worn by the STF Officer, and he was rushed to the Panadura Hospital for treatment.Six other people who were inside the house were arrested by the Police Special Task Force.The Office of the Police Spokesperson said that ‘Abba’ had a murder case filed against him, as we as a case over stabbing a woman and causing serious injury.Further, another 31-year-old man was arrested from Moratuwa upon inspecting the residence of another suspect.Police said that this man has a case filed against him for transporting drugs along the expressway.

In this photo illustration, the Central Intelligence Agency (CIA) logo is seen displayed on an Android mobile phone. WASHINGTON (AP) - The CIA has a secret, undisclosed data repository that includes information collected about Americans, two Democrats on the Senate Intelligence Committee said Thursday. While neither the agency nor lawmakers would disclose specifics about the data, the senators alleged the CIA had long hidden details about the program from the public and Congress.Sens.

LONDON (AP) - AstraZeneca recorded a big jump in revenue on Thursday as it begins to take a profit from its coronavirus vaccine for the first time.The company recorded full-year revenues of $37.4 billion, an increase of 38% from the year before at constant exchange rates. Part of the boost came from $4 billion in sales of its COVID-19 vaccine, developed with the University of Oxford.Despite rising revenue, AstraZeneca reported a pre-tax loss of $265 million due to costs from its purchase of U.S.

PHILADELPHIA - Authorities say an armed carjacker hopped into a running vehicle with three children inside and later let the kids out and ditched the car. Philadelphia Police Chief Inspector Scott Small said the children's mother left the car running on the 5300 block of Willow Street around 6 p.m.

Shaun White of Team United States reacts during the Men's Snowboard Halfpipe Final on day 7 of the Beijing 2022 Winter Olympics at Genting Snow Park on February 11, 2022 in Zhangjiakou, China. BEIJING (AP) - In Shaun White’s farewell performance on Friday, Ayumu Hirano of Japan won an elusive Olympic gold in the halfpipe with a boundary-pushing final run.There was no doubt about the winner after Hirano's electric performance as the last rider to go. His run included an intricate and unprecedented series of flips and spins that pushed a sport obsessed with progression to new heights.

The language of the UCP has seen a significant shift this week as it moves to drop COVID-19 restrictions in the province, with words like “damaging” and “freedom” being used much more often in public communications.

The University of Alberta is reviewing a letter from the advanced education minister, detailing expectations for post-secondary students to return to school in March — including dropping vaccine and mask mandates.

Global’s Keith Baldrey looks a how B.C.’s COVID-19 numbers have improved since January.

This story has been published from a wire agency feed without modifications to the text. Only the headline has been changed.Never miss a story! Stay connected and informed with Mint. Download our App Now!!

This story has been published from a wire agency feed without modifications to the text. Only the headline has been changed.Never miss a story! Stay connected and informed with Mint. Download our App Now!!

FILE - Police lights are shown in a close up image. (Credit: FOX TV Stations) BETHLEHEM, Pa. - A Pennsylvania father and son were arrested after law enforcement agents uncovered a stockpile of unregistered fully automatic firearms during a search of the family's home. U.S.

Rakesh Jhunjhunwala portfolio: Shares of Star Health Insurance got listed recently. The Rakesh Jhunjhunwala-backed public issue had a subdued listing and Star Health share price has been around its price band of ₹870 to ₹900 per equity share since listing. According to stock market experts, the insurance company has focus on retail business (B2C) and it is one of the well known brands in Indian market. The company was under stress due to higher number of claims during Covid pandemic spread but in the wake of unlock activities, the company is expected to come on track and in next one to two years, Star Health share price may go up to ₹1500 levels.

Star Health and Allied Insurance Co, backed by ace investor Rakesh Jhunjhunwala, recovered after a weak stock market debut on Friday with the stock surging to a day's high of ₹940 per share on the BSE. Star Health shares were trading near its issue price of ₹900 in afternoon deals on its first day.

Federal Bank has joined hands with Star Health and Allied Insurance Co Ltd as a corporate agent to provide a wide range of innovative health insurance products for the Bank’s 8.90 million customers spread over 1,291 banking outlets across the country. The Bank’s customers can avail benefits of Star Health’s retail products and group affinity products through the bank's various distribution channels thus helping customers address their complete financial needs under one roof.

Star Health share price made its debut on NSE at ₹845 whereas it opened on BSE at ₹848.8 apiece levels. According to stock market experts, tepid listing was expected as the valuations were around 15 to 20 per cent higher. They said that allottees should book loss at current levels and wait for 15 to 20 per cent correction from its upper price band of ₹900 and take fresh position for 6 month target of ₹1000 to ₹1100 levels.

₹845 per share on the NSE, a 6% discount to its IPO issue price of ₹900 apiece. However, the stock recovered in minutes after listing as it surged nearly 4% higher to ₹932 at around 10:15 am.

₹900 apiece.

Star Health share listing at a discount of around 5 to 10 per cent, market experts went on to add that Star Health share price today may debut at around ₹810 to ₹850 per equity share at Dalal Street.

mint. The initial public offering's (IPO) share allotment was finalized on Wednesday.

₹4,400 crore from ₹5,249 crore after its initial public offering got a tepid response.

MUMBAI :

initial public offering (IPO) failed to get fully subscribed by the close of bidding. The IPO of the country's largest private health insurance firm was subscribed just 79%. Backed by billionaire stock investor Rakesh Jhunjhunwala, the company had priced its IPO between ₹870-900 per share.

Star Health and Allied Insurance Co. Ltd gave a cold shoulder to its initial public offering (IPO), which closed on Thursday with the company raising less than what it intended to, according to data filed with the stock exchanges.

Star Health will cut the offer for sale portion of its IPO after the offering received a tepid response in its subscription period ending yesterday, according to a source.

MUMBAI :