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Benchmark Brent crude cost about $109 a barrel on Tuesday, and has remained above or around $100 for more than three weeks, up over 50% from about $70 just before the conflict began on February 28. Risks sharpen for the global economy if oil moves above $110 or $120 a barrel, warned Nathan Sheets, chief global economist at Citi and a former U.S. Treasury Department official. "As this shock gets bigger and bigger, the risks of recession are rising significantly...There are likely some thresho ...Read More >
SAN FRANCISCO/AHMEDABAD, India - Kevin Kelly is in a tough spot. What he says are unprecedented price increases in the weeks since the United States waged war on Iran mean the Californian, who makes plastic bags for groceries, may have to break contracts he cannot afford to honor with his customers. Thousands of miles away in India, gas shortages have closed dozens of plants that export aluminum products around the world. And in Britain, some farmers are eking out their fertilizer stocks as pri ...Read More >
Reliance Industries SEZ refinery will not face new export taxes on diesel and aviation fuel. This exemption stems from judicial pronouncements. The government reintroduced these levies on March 26 to encourage domestic fuel sales. These taxes are reviewed fortnightly. This move aims to manage global energy supply disruptions. Reliance operates two refineries in Jamnagar, Gujarat. The reimposed windfall export taxes on diesel and aviation turbine fuel (ATF) will not apply to Reliance Industries ...Read More >
Ahmedabad: With a fast-rising presence of IFSC banking units (IBUs) in GIFT IFSC, the size of the banking assets has increased sevenfold in five years, according to data by GIFT City. The country's first International Financial Services Centre at Gujarat International Finance Tec-City (GIFT City) saw banking assets crossing $106.7 billion as of Feb 2026, marking a sevenfold jump from $14 billion in Sep 2020.A key infrastructure boost came with the launch of the foreign currency settlement system ...Read More >
New Delhi: The National Stock Exchange (NSE) has initiated the process for its long-awaited initial public offering (IPO) by reaching out to existing shareholders to gauge their interest in participating through the offer for sale (OFS) route, according to sources. In a communication to investors, the exchange has invited expressions of interest (EOI) from shareholders willing to offload part or all of their holdings as part of the proposed public issue. It marks a formal step forward in the NS ...Read More >
Ahmedabad: With a fast-rising presence of IFSC banking units (IBUs) in GIFT IFSC, the size of the banking assets has increased sevenfold in five years, according to data by GIFT City. The country's first International Financial Services Centre at Gujarat International Finance Tec-City (GIFT City) saw banking assets crossing $106.7 billion as of Feb 2026, marking a sevenfold jump from $14 billion in Sep 2020.A key infrastructure boost came with the launch of the foreign currency settlement system ...Read More >
If SEZ exports remain exempt, Reliance's refining margins would be largely insulated from the new levies, preserving the competitiveness of its export-oriented operations, it said New Delhi: The applicability of newly reimposed export windfall taxes on shipments of diesel and ATF from Reliance Industries' SEZ refinery remains the key uncertainty, following India's fuel duty overhaul, with significant implications for refining margins and government revenues, according to analysts. Under the re ...Read More >
Gandhinagar (Gujarat) [India], March 30 (ANI): Banking assets at GIFT City's International Financial Services Centre (IFSC) have crossed USD 106.7 billion as of February 2026, marking a more than seven-fold increase from USD 14 billion in September 2020, underscoring the rapid scale-up of India's offshore banking ecosystem, according to a statement released by GIFT city. The growth has been supported by a robust and expanding banking base, with 37 banks operating in GIFT IFSC, including 20 fore ...Read More >
Gandhinagar (Gujarat) [India], March 30 (ANI): Banking assets at GIFT City's International Financial Services Centre (IFSC) have crossed USD 106.7 billion as of February 2026, marking a more than seven-fold increase from USD 14 billion in September 2020, underscoring the rapid scale-up of India's offshore banking ecosystem, according to a statement released by GIFT city. The growth has been supported by a robust and expanding banking base, with 37 banks operating in GIFT IFSC, including 20 fore ...Read More >
Jyoti Bansal, an Indian entrepreneur, is now a billionaire. He built Harness, an AI software delivery company, valued at $5.5 billion. Bansal's journey highlights the H-1B visa route. He previously founded AppDynamics, which Cisco acquired for $3.7 billion. Harness uses AI to automate software deployment. Bansal plans to take Harness public. He advocates for attracting global talent. Indian-born entrepreneur Jyoti Bansal has become a new billionaire after building Harness, an AI-based software ...Read More >
Hong Kong's stock market has experienced a remarkable turnaround. Share sales have surged, making it Asia's leading fundraising hub. This boom is fueled by Chinese companies seeking global expansion. India, mainland China, and Japan also saw strong dealmaking. Despite global challenges, Hong Kong's market shows robust activity. Investors are now focusing on quality deals. Not long ago, Hong Kong's share-sale market was a symbol of China's slowdown: Deal books were thin, investor sentiment was s ...Read More >
Mumbai, Oct 31 (SocialNews.XYZ) Actress Deepika Padukone, who has been a strong advocate for mental health awareness, reacted to cricketer Jemimah Rodrigues' recent revelation about battling anxiety. The 'Om Shanti Om' actress, known for openly sharing her own struggles with depression in the past, praised Jemimah for her honesty and courage in speaking up, highlighting the importance of conversations around mental well-being in sports and beyond. Taking to her Instagram Stories, Deepika Paduko ...Read More >
New Delhi [India], October 31 (ANI): Billionbrains Garage Ventures Limited, the parent company of investment platform Groww, will open its initial public offering (IPO) on Tuesday, November 4, 2025, according to a press release issued by the company. The company has set a price band of Rs 95 to Rs 100 per equity share for the offer. Bids can be made for a minimum of 150 equity shares and in multiples of 150 thereafter. The IPO consists of a fresh issue of shares worth Rs 10,600 million and an o ...Read More >
New Delhi, Oct 24 (PTI) Orkla India, which owns spices and condiments brands MTR and Eastern, on Friday fixed a price band of Rs 695-730 per share, aiming for a valuation of around Rs 10,000 crore at the upper end. The company's Rs 1,667 crore Initial Public Offering (IPO) will open for public subscription on October 29 and conclude on October 31, according to a public announcement. Anchor investors can submit their bids on October 28. The company's IPO is a complete Offer For Sale (OFS) of 2 ...Read More >
Orkla India IPO: Orkla India, parent company of packaged foods manufacturer MTR Foods, has set the price band for its initial public offering (IPO) in the range of ₹695 to ₹730 per equity share. The mainline offering is entirely an offer for sale (OFS) of ₹22.8 million equity shares worth ₹1,667.54 crore. Orkla Asia Pacific is the promoter selling shareholder, while Navas Meeran and Feroz Meeran are other selling shareholders. According to the red herring prospectus (RHP), the company has reser ...Read More >
A GROUP of U.S. banks, including JPMorgan Chase, Bank of America and Goldman Sachs, is hesitant to lend $20 billion to Argentina without guarantees or collateral, the Wall Street Journal reported on Monday. U.S. Treasury Secretary Scott Bessent said last week that the department was working with banks and investment funds to create a $20 billion facility to invest in the South American country's sovereign debt. Bankers are waiting on guidance from the Treasury Department on what collateral Arg ...Read More >
New Delhi [India], October 20 (ANI): Top business leaders from across the Asia-Pacific region are set to gather in Gyeongju, North Gyeongsang Province, South Korea, later this month for the APEC CEO Summit 2025, as per a report by Pulse, the English service of Maeil Business Newspaper Korea. As per the report, a high-profile business forum held in the run-up to the Asia-Pacific Economic Cooperation (APEC) Leaders' Summit slated for October 31 to November 1. Also Read | Diwali 2025: Apple CEO T ...Read More >
MUMBAI : Emirates NBD Bank's decision to buy a controlling stake in RBL Bank for $3 billion is likely to see more global banks looking at having an India play. With the banking regulator likely to allow such transactions going forward, a floodgate of more such transactions will open up, say bankers and industry experts. On Saturday, Emirates NBD said it has entered into an agreement to acquire a 60% stake in RBL Bank for ₹26,850 crore. The transaction, which is subject to shareholder and regula ...Read More >
The Royal Challengers Bengaluru's owners, Diageo Great Britain, have started official talks to sell the IPL team. At a price of almost $2 billion, they have begun interacting with investment banks and receiving interest from at least six possible purchasers, according to Cricbuzz. The sale will be managed by Citi and other advisors, according to the British spirit giant, which owns RCB through its Indian subsidiary United Spirits. The action was taken months after RCB defeated the Punjab Kings ...Read More >
(Reuters) -U.S. stock index futures rose on Monday, building on gains from last week as a flurry of AI-related dealmaking and softer labor market trends bolstered expectations for an interest-rate cut. The resilience in equities came despite the federal government shutdown showing little signs of resolution, underscoring the persistent appetite for tech stocks and an increased focus on the upcoming earnings season for cues on the trajectory of the economy. "The current AI infrastructure buildo ...Read More >
Adar Poonawalla exploring bid for RCB? sparks speculation with X post According to a source of CNBC-TV18, Adar Poonawalla, the CEO of Serum Institute of India, was in negotiations with Diageo Plc, the owners of Royal Challengers Bengaluru (RCB), to potentially purchase the Indian Premier League's (IPL) 2025 champion. It is still unclear at this time whether Diageo Plc intends to sell all of its shares in RCB. United Spirits is owned by Diageo Plc. Also Read | 'Senseless and headless chicken m ...Read More >
New Delhi, Oct 1 (PTI) LG Electronics India Ltd, the Indian arm of South Korea's LG conglomerate, on Wednesday announced that its much-awaited Rs 11,607 crore initial public offering (IPO) will open for subscription on October 7, giving the valuation of around Rs 77,400 crore (USD 8.7 billion) The company's maiden public offering will be available for subscription until October 9 in the price range of Rs 1,080-1,140 per share. The bidding for anchor investors is scheduled for October 6, the comp ...Read More >
New Delhi: LG Electronics India Ltd, the Indian arm of South Korea's LG conglomerate, on Wednesday set the price band at Rs 1,080-1,140 per share for its much-awaited Rs 11,607 crore initial public offering (IPO).At the upper end, the company is valued at around Rs 77,400 crore.The IPO will open for subscription on October 7 and close on October 9, with anchor investor bidding scheduled for October 6, the company said in a public announcement. This will be the second South Korean company to tap ...Read More >
New Delhi, Oct 1 (PTI) Mining conglomerate Vedanta Resources has raised USD 500 million through the sale of a seven-year US dollar-denominated bond issue, which was oversubscribed three times. Vedanta Resources Finance II plc, a subsidiary of Vedanta Resources, said in an exchange filing that its USD 500 million bond issue attracted bids exceeding USD 1.6 billion, more than triple the issue size. The net proceeds from the offering will be used to repay existing debt and for general corporate p ...Read More >
Mumbai: LG Electronics will raise ₹11,500 crore through an IPO that will be open for subscription from October 7, according to the red herring prospectus (RHP). The issue, which will close on October 9, will comprise an offer for sale of 10.18 crore shares by the Korean parent, amounting to 15% of the company's equity. On September 8, ET had reported that LG Electronics planned to launch its IPO in October. Morgan Stanley India, JP Morgan India, Axis Capital, BofA Securities India, and Citigro ...Read More >
New Delhi, Sep 30: LG Electronics India Ltd, the local subsidiary of South Korean conglomerate LG, is preparing to launch its Initial Public Offering (IPO) on October 7. The share sale will remain open for subscription until October 9, while the bidding for anchor investors will open on October 6, the company said in its Red Herring Prospectus (RHP) filed on Tuesday. Second South Korean firm to list after Hyundai Motors India This will be the second South Korean company to tap the Indian stoc ...Read More >
New Delhi, Sep 30 (PTI) LG Electronics India Ltd, the local subsidiary of South Korean conglomerate LG, is preparing to launch its Initial Public Offering (IPO) on October 7. The share sale will remain open for subscription until October 9, while the bidding for anchor investors will open on October 6, the company said in its Red Herring Prospectus (RHP) filed on Tuesday. This will be the second South Korean company to tap the Indian stock market following the listing of Hyundai Motors India L ...Read More >
MUMBAI: Vedanta Resources (VRL), the London-based parent of Mumbai-listed resources company Vedanta, plans to raise $500 million through seven-year dollar bonds to refinance a costly private credit facility, further paring debt and simplifying its capital structure. The senior notes, issued via Vedanta Resources Finance II, will be guaranteed by parent VRL and subsidiaries including Twin Star Holdings, Welter Trading, and Vedanta Holdings Mauritius II. The deal, launched under Rule 144A/Reg S, ...Read More >
MUMBAI: Vedanta Resources (VRL), the London-based parent of Mumbai-listed resources company Vedanta, plans to raise $500 million through seven-year dollar bonds to refinance a costly private credit facility, further paring debt and simplifying its capital structure. The senior notes, issued via Vedanta Resources Finance II, will be guaranteed by parent VRL and subsidiaries including Twin Star Holdings, Welter Trading, and Vedanta Holdings Mauritius II. The deal, launched under Rule 144A/Reg S, ...Read More >
Mumbai: Tata Capital, the financial services arm of the Tata Group, will hit the capital markets with its initial public offering (IPO) from October 6-8, with anchor bidding slated for October 3. The largest IPO of 2025 is expected to raise about Rs 15512, valuing the Non-banking finance company at Rs 1.31-1.38 lakh crore based on the price band between Rs 310-326 a share. This would be the biggest IPO of 2025 so far and among the largest in India, following Hyundai Motor India, LIC, and One9 ...Read More >
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