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Hyundai IPO, India's biggest, gets $5.5 bn in bids despite subdued retail interest

Consumer

17 October, 2024

Hyundai IPO, India's biggest, gets $5.5 bn in bids despite subdued retail interest

Hyundai Motor India's $3.3-billion initial public offering was oversubscribed by more than two times on Thursday attracting aggressive bidding from institutional ......

Sensex, Nifty slip for second session as lacklustre earnings get FIIs wary

Economy

16 October, 2024

Sensex, Nifty slip for second session as lacklustre earnings get FIIs wary

Indian shares fell for a second straight session on Wednesday, as foreign funds shifted money to China and marquee companies' ......

Musk reacts to Ambani lobbying, calls any India move to auction satellite spectrum 'unprecedented'

TMT

15 October, 2024

Musk reacts to Ambani lobbying, calls any India move to auction satellite spectrum 'unprecedented'

Starlink boss Elon Musk said a move by India to auction satellite broadband spectrum, and not allocate it, would be ......

GIC, BlackRock snap up Hyundai India shares in record $3.3 bn IPO

Manufacturing

15 October, 2024

GIC, BlackRock snap up Hyundai India shares in record $3.3 bn IPO

Hyundai Motor India sold shares worth $989.4 million to institutional investors including BlackRock and Fidelity on Monday, as the carmaker launched a ......

Nobel economics prize goes to three US-based inequality researchers

General

14 October, 2024

Nobel economics prize goes to three US-based inequality researchers

Three U.S.-based academics won the 2024 Nobel economics prize on Monday for research that explored the aftermath of colonisation to ......

Noel Tata to be new chairman of Tata Trusts

People

11 October, 2024

Noel Tata to be new chairman of Tata Trusts

The half-brother of Ratan Tata was appointed on Friday as the head of the powerful and influential philanthropic arm of India's ......

Wegovy maker Novo Nordisk bets big on talent, AI partnerships in India

Healthcare

11 October, 2024

Wegovy maker Novo Nordisk bets big on talent, AI partnerships in India

Novo Nordisk, whose global profile has risen along with demand for its Wegovy weight-loss drug, is bolstering operations in the ......

Rupee drops below 84 per dollar on equity outflows, oil prices

Markets

11 October, 2024

Rupee drops below 84 per dollar on equity outflows, oil prices

The Indian rupee fell below 84 per dollar for the first time on Friday, pressured by concerns about the recent spike ......

Govt orders audit of Ola Electric's service centres after consumer complaints

Consumer

10 October, 2024

Govt orders audit of Ola Electric's service centres after consumer complaints

India's heavy industries ministry has ordered an audit of Ola Electric's service centres, ratcheting up pressure on the e-scooter maker which is ......

PE-backed Star Health probes alleged role of top exec in data leakage

Finance

10 October, 2024

PE-backed Star Health probes alleged role of top exec in data leakage

India's Star Health is investigating accusations that its chief information security officer played a role in a data leak by ......