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Hyundai to use $3 billion record India IPO proceeds to develop new cars, R&D

Consumer

09 October, 2024

Hyundai to use $3 billion record India IPO proceeds to develop new cars, R&D

Hyundai Motor said on Wednesday it plans to use proceeds from a record $3 billion IPO of its Indian unit ......

Orbimed, Accel-backed companies get IPO nod; GEF-backed Hero Motors opts out

Healthcare

08 October, 2024

Orbimed, Accel-backed companies get IPO nod; GEF-backed Hero Motors opts out

Two private equity-backed firms' draft red herring prospectuses received the Securities and Exchange Board of India's (SEBI) nod for an ......

Govt seeks explanation from Ola Electric after over 10,000 complaints

Infrastructure

08 October, 2024

Govt seeks explanation from Ola Electric after over 10,000 complaints

India's consumer rights agency received unusually high 10,000 complaints against Ola Electric over a year and has sent a notice ......

Asset managers plan higher risk investment products after SEBI rule change

Markets

08 October, 2024

Asset managers plan higher risk investment products after SEBI rule change

Top Indian and global asset managers are firming up plans to launch higher risk investment products, after the country's markets regulator ......

Hyundai to launch $3 bn India IPO next week, targets $19 bn valuation

Manufacturing

08 October, 2024

Hyundai to launch $3 bn India IPO next week, targets $19 bn valuation

Hyundai Motor India's IPO will open next week for subscriptions and will likely be priced in the range of 1,865 to ......

Sensex, Nifty record longest losing streak this year so far

Economy

07 October, 2024

Sensex, Nifty record longest losing streak this year so far

Indian shares fell for the sixth straight session on Monday, their longest losing streak since October 2023, as worries over ......

Ola Electric shares tumble after founder's spat with comedian Kunal Kamra

Infrastructure

07 October, 2024

Ola Electric shares tumble after founder's spat with comedian Kunal Kamra

Ola Electric's shares tumbled 9% on Monday after a public spat between the founder of India's biggest e-scooter maker and ......

Abu Dhabi's ADNH Catering sets price range for IPO

Consumer

07 October, 2024

Abu Dhabi's ADNH Catering sets price range for IPO

Abu Dhabi National Hotels could raise as much 864 million dirhams ($235 million) from the initial public offering of its ......

Swiggy gets shareholder nod to upsize IPO fresh issue

TMT

04 October, 2024

Swiggy gets shareholder nod to upsize IPO fresh issue

SoftBank-backed Indian food delivery company Swiggy received shareholders' approval to use a provision that will allow it to increase the size ......

Matrix Gas & Renewables aims to raise up to $143 mn in IPO

Infrastructure

03 October, 2024

Matrix Gas & Renewables aims to raise up to $143 mn in IPO

India's Matrix Gas & Renewables aims to raise 10 billion to 12 billion rupees ($119-$143 million) via initial public offering ......