Jio Platforms Ltd is set to create history in India’s primary market with a Rs 30,213-crore initial public offering (IPO), overtaking Hyundai Motor India’s Rs 27,859-crore issue in 2024 to become the country’s largest-ever IPO by issue size. However, the defining feature of Jio’s public offering is not just its size but also its structure....
South Korea’s Hyundai Motor Group on Tuesday said it plans to invest $15.5 billion from 2026 through 2032 in India, a market it considers core to the company’s emerging-market growth and expansion. “India remains one of Hyundai Motor Group’s most important and strategic markets globally,” Euisun Chung, the executive chair of Hyundai Motor Group, said...
Gold prices fell for the second straight session, declining ₹700 to ₹1.48 lakh per 10 grams in the national capital on Wednesday, as subdued local demand and weak global trend weighed on the precious metal. The yellow metal of 99.9 per cent purity fell to a one-week low, depreciating ₹700 to ₹1,48,900 per 10 grams,...
Ashutosh Dixit As Appointed New IAF Chief | New Delhi, Oct. 7: The Central Government has officially appointed Vice Chief of Air Staff Air Marshal Ashutosh Dixit as the next Chief of the Air Staff. Consequently, he will assume charge as the 29th Chief of the Indian Air Force on the afternoon of October 31,...
Stock Market LIVE: Technically, after a prolonged correction on the daily and intraday charts, the market has formed a reversal pattern. However, the short-term market outlook remains weak. We believe 22,400/72,000 and 22,350/71,800 will act as key support levels for day traders. As long as the market trades above these levels, the pullback is likely...
Oil prices edged lower on Monday as rising Middle East crude exports and a release of oil stocks by the Group of Seven nations boosted supplies, offsetting concerns about further damage to Gulf oil infrastructure amid the US-Israeli war on Iran. Brent crude futures fell 66 cents, or 0.65%, to $101.59 a barrel at 0240...
Apple users in India will soon be able to make in-app purchases, online payments and store transactions using Apple Pay as the company rolls out the service over the next few weeks. Customers can make payments across merchants using their iPhone, Apple Watch and iPad, with support for Mac coming soon. The service can also...
OpenAI will not release its new AI model GPT-6.1 Astra due to safety concerns, the ChatGPT-maker confirmed on Tuesday. The AI system, which performs tasks like browsing the web and using apps by itself, “didn’t quite meet the bar” of the company’s standards, Saachi Jain, head of safety systems at OpenAI said. On Tuesday, OpenAI...
“All banks will function normally now. There will be no strike. We had three main demands. Discussion was held on all of them in a meeting held at 9.30 pm today (Sunday). One of them was for a five-day working week. Decision has been taken to immediately form a high-level committee of IBA and UFBU...
For the first time in modern economic history, home loans in India have turned cheaper than standard 30-year fixed mortgages in the United States! While average US mortgage rates have spiked back up to 7.37%, India’s baseline home loan rates are starting as low as 7.10%. In this special business report, we break down this...