Five things to watch out for today

From Friday, petrol and diesel prices will be revised every morning. The prices till now were being revised fortnightly at midnight. Petrol pump dealers, who had called for a ‘No purchase, no sale’ stir on June 16 to protest against the decision of public sector oil marketing companies to implement a daily revision of prices, have now called off their stir.

Union Minister for Electronics and Information Technology Ravi Shankar Prasad is to hold a brainstorming session with the top names in the Indian technology and start-up industry in the Capital on Friday to chalk out a blueprint for the country’s $1-trillion digital economy. Among those who will be attending the meeting are Rishad Premji of Wipro, Pravin Rao of Infosys, Sachin Bansal of Flipkart, Kunal Bahl of Snapdeal and Rajan Anandan from Google, Amit Agarwal of Amazon and Vijay Shekhar Sharma of Paytm.

HTC is to launch the HTC U11 in the country on Friday. The U11’s launch would follow that of the U Ultra and U Play, which were not received very well by critics. The U11 boasts powerful internals, a striking design, updated cameras and a new 'Edge Sense' feature which allows users to squeeze the edges of the smartphone to perform different functions.

Volkswagen is set to take the covers off the all-new Polo on June 16, ahead of the model’s international launch in the latter half of the year. The carmaker has released a first set of teaser images of the new car. The all-new car, which was recently spied testing completely undisguised on international roads, features a more dynamic-looking exterior that, VW officials suggest, will help broaden its sales appeal. Redesigned headlights, a more heavily sloping roofline and a more structured rear-end design were among the elements evident in these latest pictures.

Eris Lifesciences is to hit the IPO market on Friday to raise Rs 1,800 crore. The IPO would give an exit to Chrys Capital, which holds around 16.25 per cent in the company. The IPO will see sale of 28,875,000 equity shares by the existing shareholders. Private equity giant ChrysCapital's investment arm Botticelli would sell its entire 16.25 per cent stake, or 22,344,000 shares, in Eris Lifesciences. The price band for the issue has been set between Rs 600 and Rs 603. Axis Capital, Citigroup Global Markets India and Credit Suisse Securities (India) are the book running lead managers to the issue.

(This article was published on June 16, 2017)
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