Business

The IPO of UTI AMC comprises sale of 3,89,87,081 equity shares or 30.75 per cent stake by existing shareholders Life Insurance Corporation (LIC), State Bank of India (SBI), Punjab National Bank, Bank of Baroda and T Rowe Price International.

Nongfu Spring founder Zhong Shanshan's net worth has hit $58.7 billion after a massive listing by the bottled water company in Hong Kong earlier this month.

Chineseowned TikTok asked a judge to block the Trump Administration's attempt to ban its app, suggesting the videosharing app's forced deal with Oracle and Walmart remains unsettled.

Hoping to convince investors they will keep monetary policy super easy for years, two Federal Reserve officials on Wednesday explicitly pledged no rate hikes until inflation gets to 2% and stays there.

Benchmark U.S. crude oil for November delivery rose 33 cents to $39.93 a barrel Wednesday. Brent crude oil for November delivery rose 5 cents to $41.77 a barrel.

The Swiss National Bank will hold firm to its expansive stance and negative 0.75% interest rate when it meets to review monetary policy on Thursday, a Reuters poll showed.

Europe's stock markets clawed back some ground on Tuesday, a day after rising second waves of the coronavirus epidemic caused the region's biggest wipeout since June and drover investors back to government bonds.

Europe's top court on Tuesday rejected Austria's appeal against a British subsidised nuclear plant, agreeing with EU competition regulators that government aid offered to Hinkley Point C nuclear power station was in line with EU state aid rules.

Bids for 10.5 million fresh shares of CAMS were made on the first day and it was excluding the anchor book. There are more than 12.8 million shares of the company on offer.

A worsening outlook for air travel prompted Lufthansa to further cut its fleet and workforce on Monday as the coronavirus crisis forced it to take a 1.1 billion euro ($1.3 billion) impairment on the value of its aircraft.

Foreign investors are unlikely to rush back into Indonesian markets until either it pays more for its debt or gives hard evidence it will not push the central bank into longerterm monetary financing of public borrowing, fund managers say.

Gold prices erased earlier gains to trade lower on Monday due to an uptick in the dollar, while investors looked to Federal Reserve policymakers' speeches this week for signals on their approach to inflation.

Oil prices edged higher on Monday as a tropical storm took aim for the U.S. Gulf of Mexico region halting some production, though price gains were capped by the potential return of oil output in Libya and a continued rise in coronavirus cases.

LafargeHolcim has committed to further reducing its carbon emissions by 2030, the world's largest cement maker said on Monday, as investors and customers increasingly demand companies curb their environmental impact.

Britain's RollsRoyce Holdings Plc said on Saturday it was looking to raise up to 2.5 billion pounds ($3.2 billion) in an effort to strengthen its balance sheet.

He also said that India needs to cautiously adjust spending and attract industrial investment amid the COVID-19 crisis.