A rights issue is an invitation to existing shareholders to buy more shares at a discount to the market price. RIL's investors can subscribe to the right to own one new share for every 15 held in the company at ₹1,257 per share, 14% below Thursday’s (April 30) closing price. Even if you expect that RIL shares will be worth a lot more in the future, if the share falls to ₹1,257, or below, investors can buy the shares from the market instead of subscribing to the rights.The rights issue announced by one of India's most valued company, Reliance Industries (RIL), will have to conclude by the end of June, as declared by the company. The company owned by Asia's richest man, Mukesh Ambani, plans to mop up ₹53,125 crore from shareholders. RIL's investors can subscribe to the right to own one new share

Airtel has been one of the resilient stocks over the last few months even as the AGR issue and Coronavirus-fueled market crash has wiped off lakhs of crores of investor wealth.The Airtel stock could rally thanks to the Jio-Facebook deal and the weakening of Vodafone Idea.The Airtel stock has been given a ‘Buy’ rating with a target price of ₹606, which is an upside of more than 20%.Airtel was the market leader before the arrival of Reliance Jio, but it has since ceded its lead position to the Mukesh Ambani-owned telecom company. However, the gap between the two leading mobile service providers may be too huge, according to market experts.When it comes to the market cap, though, Airtel is 1.6 times smaller than Jio. Vodafone Idea, on the other hand, is 39 times smaller than Jio, which is currently

This is an excerpt of an article originally published by the Observer Research FoundationWork will be exactly what it is right now as the ‘future’ has already made its way to our present realities. It is then important to know how to address one of the most prevailing obstacles of our ‘new now’ — building trust within our cyber-relationships (mostly focusing on daily transactions and remote working).We know the world is heading towards an economic recession. We, therefore, need to try to make our new cyber reality as akin to real life as possible. This translates into having digital economies that want to be like the very jobs we used to have.Perhaps blockchain will have the answer. Humans produce data every single day, and there have long been debates about its ownership. Web 3.0 may now

Apple has announced the new 13-inch MacBook Pro in India starting at ₹1,22,990.The new 13-inch MacBook Pro features increased storage and the improved Magic keyboard.The MacBook Pro will be available from authorised Apple resellers after the lockdown ends. Cupertino-based tech giant Apple has announced the new 13-inch MacBook Pro in India amid the ongoing Coronavirus pandemic. The new refresh comes just 10 months after the company had updated the MacBook Pro with Touch Bar and True Tone display.The new 13-inch MacBook Pro replaces the existing Butterfly keyboard with the Magic keyboard that has a redesigned scissor mechanism with 1mm of key travel, a physical escape key, Touch Bar and TouchID. The Magic keyboard was first introduced with the 16-inch MacBook Pro.Apple 13-inch MacBook Pro pricing

As researchers and health workers try out new experiments to stop the spread of coronavirus across the country, an engineering student from Varanasi has designed an 'anti-COVID-19 robot' which will help the security forces shock lockdown violators.Vishal Patel, a third year student of mechanical engineering at the Ashoka Institute in Varanasi, has developed this robot that can not only run on shallow water but can also operate comfortably on smooth and bumpy surfaces.Patel, who built the robot under the supervision of his senior Shyam Chaurasia, claims that the device is also a security shield for police personnel.It will also help the police to crack down on those flouting the lockdown rules. The police who are at a risk from coronavirus infection can maintain social distancing by operating

In our latest interview series, we talk to brands to understand how they are coping with the new normal and their strategies towards navigating these difficult times.We speak to Aalok Bhan, Director & Chief Marketing Officer, Max Life Insurance about the impact of the lockdown on the brand, and the life insurance industry in general and all that they have been doing to minimize business impact and ensure business continuity.The recent Covid-19 lockdown has impacted different sectors in different ways. Hospitality, travel, retail and aviation are perhaps the most impacted. With the lockdown now extended by another 2 weeks, its still some time till we understand what things look like in the post-Covid world. At the same time, there are a few sectors like FMCG, Telecom, Healthcare and Life insurance

Elliot Alderson has claimed that the Aarogya Setu app allows users to find out who is sick in a particular area.He has also contradicted the Aarogya Setu team’s claim that bulk calls to the API are not possible.A French ethical hacker who goes with the alias "Elliot Alderson" earlier claimed that he found security and privacy issues in India’s Covid-19 tracker app Arogya Setu. This was denied by the Aarogya Setu team and they said that the app is secure.After this, Alderson has come up with a post highlighting the issues found by him in the Aarogya Setu app.App allows users to access internal filesIn April, Alderson found that the WebViewActivity allowed users to access internal files of the app by using commands as there was no host validation. However, the issue has now been fixed.Aarogya

Xiaomi has launched the Mi 10 flagship smartphone, Mi Box 4K streaming device and Mi True Wireless Earphones 2 in India.The Mi Box 4K will take on the Amazon Fire TV Stick and the Mi True Wireless Earphones 2 Xiaomi has re-entered the flagship segment in India with its new Mi 10 series, with high-end hardware and features like a 108MP camera and 5G support. It was announced in China in February this year. Apart from this, Xiaomi also launched several products in an online event, including the Mi Box 4K and the Mi True Wireless Earphones 2. It had to postponed the launch event earlier due to the nationwide coronavirus lockdown.Here are the prices of the Xiaomi products announced today –ProductPriceXiaomi Mi 10 8GB + 128GB₹ 49,999Xiaomi Mi 10 8GB + 256GB₹ 54,999Xiaomi Mi Box 4K₹ 3,499Xiaomi

Facebook Inc also said on Friday it would allow workers who are able to work remotely to do so until the end of 2020.

Instacart recruited 300,000 new gig workers in just a month — and has plans to hire another 250,000 — as demand for grocery delivery surges during the coronavirus pandemic, the company announced in April.Instacart's CEO told Bloomberg business has been so good that the company has already hit its sales goals through 2022.But veteran shoppers told Bloomberg a different story — that the influx of new workers and Instacart's push for efficiency has exacerbated existing issues around poor working conditions.Instacart workers have staged multiple protests since the pandemic began, demanding everything from hazard pay to more protective gear.Visit Business Insider's homepage for more stories.Instacart is one of the lucky businesses that have boomed as a result of the coronavirus pandemic. CEO Apoorva

The video game industry has enjoyed record profits amid the spread of the coronavirus, as millions of people sheltering in place turn to gaming for entertainment.Huge game releases like "Animal Crossing: New Horizons" and "DOOM Eternal" enjoyed larger than expected launches, and upcoming games like "The Last of Us: Part II" and "Cyberpunk 2077" have brewed excitement.Moreover, new game consoles like Sony's PlayStation and Microsoft's Xbox are expected this holiday season. But the game industry is bound to see an impact from coronavirus — just not yet. "Through the summer, early fall? I feel pretty good about those games," Xbox head Phil Spencer told Business Insider in an interview. "Games that were targeting a year from now or beyond? There'll be some impact, but they'll be able to react."Visit

President Donald Trump said he's studied history and "learned a lot from Richard Nixon," including not to "fire people." Trump claimed there are two main differences between his situation and Nixon's: the former president "may have been guilty" and he had tapes incriminating himself. Trump's decision to fire former FBI Director James Comey prompted the Justice Department to appoint another former FBI Director, Robert Mueller, as special counsel. Visit Business Insider's homepage for more stories.During a Friday morning phone interview on Fox News' morning show, "Fox and Friends," President Donald Trump said he's studied history and "learned a lot from Richard Nixon," while reflecting on the federal investigation into his 2016 campaign's ties to Russia.The president said one of his key lessons

Vice President Mike Pence stopped by a nursing home to help deliver personal protective equipment on Thursday. Notably, Pence didn't wear a mask or gloves while interacting closely with others. After carrying a few boxes of supplies to the door of the facility, Pence jokingly asked to continue carrying empty boxes "just for the cameras."Late-night host Jimmy Kimmel wrongly accused Pence of carrying the empty boxes as a publicity stunt and a shortened clip of the interaction was widely shared online.Democratic critics quickly piled on. "I see Mike Pence is full of shit as usual" James Carville, a veteran Democratic strategist, tweeted.Visit Business Insider's homepage for more stories.Vice President Mike Pence visited a Northern Virginia nursing home on Thursday to help deliver essential personal

Vice President Mike Pence's press secretary, Katie Miller, reportedly has coronavirus. President Donald Trump on Friday said a woman named "Katie," whom he described as a "press person," had tested positive. Miller is also the wife of a top adviser to the president, Stephen Miller.Visit Business Insider's homepage for more stories.President Donald Trump on Friday appeared to confirm that Katie Miller, Vice President Mike Pence's press secretary, has tested positive for coronavirus. After the White House said that a top staffer on Pence's team had tested positive, Trump said a woman named "Katie," whom he described as a "press person," was infected. Politico also reported that the staffer Miller is the staffer who tested positive. Miller is also the wife of one of Trump's senior advisers, Stephen

Top White House officials shelved expert guidance to reopening America from the Centers for Disease Control and Prevention, despite the report being greenlit by the CDC director, the Associated Press reported.The first 17 pages of the report — which spanned more than 60 pages — was initially released by the AP on May 7, after the White House killed its release on April 30, the day federal social distancing guidelines were set to expire.Following the AP report on Thursday, the White House subsequently fast-tracked the approval for release of the guidance.White House spokeswoman Kayleigh McEnany told reporters Friday that the report was not released because CDC director Robert Redfield had not approved of it. However, internal emails obtained by the AP suggest a different timeline.Visit Business

75644579President Donald Trump has overseen a chaotic response to the US coronavirus outbreak, downplaying its severity and repeatedly changing his stance on China.This is undermining US authority to criticize how China handled the initial outbreak, which began in Wuhan.China has capitalized on this, with state media and government officials highlighting the US inconsistencies and saying it is "hid[ing] their incompetence by blaming China."There are signs that the Chinese public — the Communist Party's most important audience — is also losing trust in the US.Visit Business Insider's homepage for more stories.China's Communist Party has in recent weeks embarked on an expansive propaganda campaign to recoup its public image as the coronavirus ravages much of the world.Its efforts have included

Carrie Bickmore caught up with the judges from Masterchef on Tuesday, where they donned her popular Beanies 4 Brain Cancer head wear.

Carrie Bickmore, host of Australian talk show The Project has released a new range of headwear called Carrie’s Beanies 4 Brain Cancer to raise money for brain cancer research.

Bianca Dye has offered an impassioned response to Lisa Wilkinson's editorial about Melbourne comedian Eurydice Dixon, who was raped and murdered on Wednesday.

Carrie Bickmore's pregnancy announcement came as a shock - even to the people she sees for several hours every day.

He has appeared in some of Hollywood's biggest blockbusters, including Jaws, Close Encounters of the Third Kind and American Graffiti.

Waleed Aly has launched a scathing attack on Prime Minister Malcolm Turnbull for his views on African gang violence in Melbourne. He called on politicians 'to be honest' on The Project on Thursday.

TV host Carrie Bickmore has leaped to the defence of American singer Pink after the rocker cancelled yet another Sydney concert, this time due to gastroenteritis.

NBA basketball superstar Ben Simmons, 22, has opened up on what it's like to deal with being spotted everywhere he goes amid rumoured romance with Kendall Jenner.

She's currently on an Australian promotional tour with affordable footwear brand Windsor Smith.

Steve Price has apologised to Carrie Bickmore after a raunchy joke he made on The Project left her shocked and red-faced.

Tennis star Serena Williams recently sang a rendition of the Divinyls classic song I Touch Myself as part of a breast cancer awareness campaign.

It seems London has brought out the naughty side of Lisa Wilkinson.

Entertainment journalist Angela Bishop has described her awkward encounter with Hollywood actor John Travolta at 2018's G'Day USA gala as one of her 'worst red carpet moments'.

Radio star Fifi Box, 42, claims she's been 'in heavenly bliss' since welcoming her second daughter, Daisy Belle, earlier this week.

She's rumoured to have just split with her rugby player boyfriend, Quade Cooper, after five years of dating.

The 31-year-old Bajan pop diva has been wearing baggier clothing in South Korea

The 31-year-old Bajan pop diva 'couldn't be happier or more proud of' of the performance art presentation for her 16-month-old lingerie label

The 56-year-old reality star flaunted her impeccable physique wearing a black bra and matching bottoms while prancing around her bedroom to the song S&M from Rihanna's fifth studio album Loud.

The Umbrella singer was inundated with thousands of responses from her 75.5 million followers, as fans offered their condolences over the death in the family.

The 31-year-old mogul announced on Monday morning that she will be releasing her first ever 'visual autobiography' - simply titled Rihanna - through publisher Phaidon.

Rihanna continued to delight her admirers when she put in a surprise appearance at the Legado x Faberge x Rome de Bellegarde VIP party, hosted in Londonm.

Brightly coloured trench coats have been spotted on runaways across the globe including Moschino in Milan and Coach in New York. Jess Wood reveals the best UK stores for embracing the trend.

The Rude Boy songstress, 31, posted a snap of herself pouting and revealed alongside that she's failed 'to get back to' her friends, family and coworkers, and explained that she'll 'be right back'

The Rude Boy artist was accompanied to the awards show by friend and collaborator Jahleel Weaver, who she recently thanked on Instagram, crediting him as her 'gusband' (gay husband).

She is no stranger to drawing attention to her phenomenal physique in eye catching ensembles. 

The show marked the first time the rapper had performed in Sweden following his month long incarceration and subsequent assault conviction.

Rihanna teased fans awaiting her ninth studio album with a video of a little white dog dancing to Jump Around by House Of Pain: 'Update: me listening to R9 by myself and refusing to release it.'

The singer, 31, wrapped up in an oversized coat to hide her identity at the crowded festive hot spot in Hyde Park, and tucked into an enormous hot dog while assistant Tina Truong filmed the outing.

Rihanna has proven it again in stunning new pics of the 31-year-old Umbrella hitmaker personally modelling her latest Savage X Fenty lingerie range.