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Top headlines: LIC files for IPO, Reliance could spark another telco battle

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Top headlines: LIC files for IPO, Reliance could spark another telco battle

The government will sell its 5% stake in Life Insurance Company (LIC). Reliance Industries will enter the satellite broadband business. More stories from this morning’s headlines.

The government will sell its 5% stake in Life Insurance Company (LIC) through an initial public offering (IPO), of which 100% will be a tender offer. LIC filed its draft Red Herring Prospectus (DRHP) with market regulator the Securities and Exchange Board of India (Sebi) on Sunday, setting the stage for the country’s largest-ever IPO.

Market regulators are expected to approve the LIC IPO within three weeks, according to the sources. The Federal Government has frequently reiterated that the public offering of the LIC will take place within the current financial year (FY22).

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It is understood that Tata Sons, the holding company of the Salt-to-software group, may remove the age limit for nominees to the Tata Trusts board. So far, nominees to the trust must retire from the Tata Sons board at age 70, although unlike independent directors, the position has never had a fixed term.

The latest changes mean that nominees to Tata Sons’ board will have permanent seats unless Tata Trust is recalled, sources said. No trustee or nominee shall serve on the board of any other Tata Group company.
Satellite broadband services are heating up. Reliance Industries ended months of speculation a few weeks ago when Jio Satellite Communications, a subsidiary of Reliance Jio, applied to the Department of Telecommunications (DoT) for a Global Mobile Personal Satellite Communications (GMCS) license.

The move will see Reliance lock the speakers in the telecom sweepstakes with its main rival, Sunil Mittal-backed OneWeb, which was the first to apply for the same license and is awaiting approval. For the uninitiated, such as the Unified Access Service License (UASL), which allows telcos to provide access to a range of terrestrial telecommunications services, GMCS provides satellite access services to customers. The only difference is that while UASL is for cities or “circles”, GMCS is for pan-India operations.

Complete News Source : Business Standard

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Laid stars Stephanie Hsu and Zosia Mamet reveal the worst gifts their romantic partners gave them | Exclusive

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Laid stars Stephanie Hsu and Zosia Mamet reveal the worst gifts their romantic partners gave them | Exclusive

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Stephanie Hsu and Zosia Mamet talk about their new series Laid, and some of the horrors of dating as millennials.
Imagine a scenario where anyone and everyone you have ever been intimate with begins to die one by one. Is it a curse? If yes, then who is cursed? These are questions that Stephanie Hsu‘s Ruby battles with in the new zany comedy, Laid. Ahead of the show’s release, Stephanie and co-star Zosia Mamet spoke exclusively with HT about their roles, the show’s unique premise, and the horrors of dating as millennials. (Also read: Dune: Prophecy star Emily Watson on working with Tabu: ‘She is a true treasure’)

Stephanie Hsu on her character’s flawed morality

Laid, created by Nahnatchka Khan and Sally Bradford McKenna, is the story of Ruby (Stephanie Hsu), who discovers that all her sexual partners are dying one by one, and she must warn them. Helping her in this unique quest is her best friend AJ (Zosia). The fun thing about Laid is that the protagonists are not the usual likeable characters. “She is totally an anti-hero of our story. I really love that,” says Stephanie, referring to Ruby’s moral greyness. “I am not a perfect person and I love playing flawed characters. But it was difficult. The creators told me that she is a total narcissist. But narcissists don’t think they are one, so I had to figure out a way to love her. For me, playing Ruby was about getting into her psychology and finding the innocent part of her – which is that she just wants love,” the actor adds.

While sitcoms usually add the best friend as the voice of reason trope, Laid diverges from that, with AJ even zanier and more morally ambiguous than Ruby. Talking about playing such a colourful character, Zosia Mamet says, “When you play not-so-likable or zany characters, people don’t believe they are that way. I don’t think AJ wakes up every morning and thinks, ‘I am absolutely crazy’. It’s about trusting the writing and finding an organic way into these characters to make them seem grounded, real, and relatable.”

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Stephanie, Zosia reveal the worst gifts they received from partners

In Laid, Ruby gives the gift of death to the men she is with, even if that is inadvertent. Ask the women about the worst ‘gift’ a partner has ever given them, and the discussions veer into the unusual horrors of modern-day dating. “I got a vintage wooden duck decoy from someone. It was broken, and I thought, ‘What does this say about our relationship?’. They didn’t know me well enough to know if I’d want this but also that they gave me something old and ailing,” Zosia says with a laugh.

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