Clover Health offers Medicare Advantage health insurance plans, which weave together traditional medicine with fitness, vision, dental, and nutrition programs, to roughly 57,000 members in seven states. To raise money for Clover Health’s growth, venture firm Social Capital is taking the company public through a shell company called Social Capital Hedosophia Holdings Corp. III, which went public in April. The deal values Clover Health at $3.7 billion, according to Bloomberg. … [Read more...] about What to know about Chamath Palihapitiya taking Clover Health public in a surprise merger
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"With large capital raise in the last six months across Jio and Retail business, we have welcomed several strategic and financial investors into Reliance family. We continue to pursue growth initiatives in each of our businesses with a focus on the India opportunity," he added. … [Read more...] about RIL shows strong sequential rebound across businesses in Q2; Jio, Retail segments shine
A strong growth track in top brands, measured new launches (including innovative launches) besides strong balance sheet and comfort on corporate governance front are some key attributes of MNC pharma companies including Sanofi. We maintain BUY with a target price of Rs 9820 (35x CY22E EPS of Rs 280.5). … [Read more...] about Buy Sanofi India; target of Rs 9820: ICICI Direct
Even in the case of cotton, which Beijing is buying a good volume from India, prices are lower this year in view of huge carryover stocks. Also, Indian cotton is competitive at around 70 US cents per pound than from countries such as the US and Brazil at 73-74 US cents. … [Read more...] about Why China is on a commodity buying spree and how does it benefit India
One of the chief spanners in Tesla’s India plans proved to be the issue of localisation. Given India’s restrictive policies around the issue, which require 30 percent of the parts to be sourced locally – the supply for which, according to a statement from Musk, made in 2017, did not exist. While the central government claims that several archaic trade policies have been or will be scrapped soon, there’s been no communication on the localisation front. In fact, they seem keen to double down on it. … [Read more...] about Elon Musk says he is ready for India, but is India ready for Tesla?