HDFC Bank announced that it will invest in the life insurance business of IPO-bound Go Digit General Insurance. Go Digit Life Insurance has signed a ‘indicative and non-binding’ term sheet with the country’s largest private sector bank.
The banking major will invest INR 49.9 Cr to INR 69.9 Cr in two tranches in Go Digit Life Insurance for an equity stake of up to 9.94%, subject to other terms and conditions being met. This comes less than a week after Go Digit General Insurance submitted its draft red herring prospectus (DRHP) to the Securities and Exchange Board of India (SEBI). The Virat Kohli-backed startup intends to raise INR 1,250 crore in new equity and will also solicit 109.45 million shares from existing shareholders.
Would-be entrepreneurs have an extra helping hand from Luxembourg’s Chamber of Commerce, which has published a new practical guide. ‘Developing your business: actions to take and mistakes to avoid’, was written to respond to the needs and answer the common questions of entrepreneurs. “Testimonials, practical tools, expert insights and presentations from key players in our ecosystem have been brought together to create a comprehensive toolkit that you can consult at any stage of your journey,” the introduction… Source link
B&H Photo is one of our favorite places to shop for camera gear. If you’re ever in New York, head to the store to check out the giant overhead conveyor belt system that brings your purchase from the upper floors to the registers downstairs (yes, seriously, here’s a video). Fortunately B&H Photo’s website is here for the rest of us with some good deals on photo gear we love. Save on the Latest Gear at B&H Photo B&H Photo has plenty of great deals, including Nikon’s brand-new Z6III full-frame… Source link
Long before Edgar Wright’s The Running Man hits theaters this week, the director of Shaun of the Dead and Hot Fuzz had been thinking about making it. He read the original 1982 novel by Stephen King (under his pseudonym Richard Bachman) as a boy and excitedly went to theaters in 1987 to see the film version, starring Arnold Schwarzenegger. Wright enjoyed the adaptation but was a little let down by just how different it was from the novel. Years later, after he’d become a successful… Source link
