Lulu Retail announced on Wednesday that its initial public offering (IPO) was oversubscribed 25 times across all tranches, excluding cornerstone investors, generating demand exceeding $37 billion-a record for a private sector IPO in the United Arab Emirates. The company is controlled by Kerala-based business tycoon MA Yusuff Ali. The final offer price for Lulu shares was set at AED 2.04 per share, raising a total of $1.72 billion (AED 6.32 billion), making it the largest IPO in the UAE in 2024 to date.
'Last year, we had about 10 to 12 per cent of Hollywood films as a box-office contribution. This year already, it has jumped up to 24 per cent because the lineup is very strong.'
With the Lucknow launch, Lulu Group International will have five malls in the country, the others being in Kochi, Bengaluru, Thiruvananthapuram and Thrissur.
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None of those arrested is staff of Lulu Mall, which was inaugurated recently by Chief Minister Yogi Adityanath.
The fresh arrests come days after the police nabbed a fifth accused in the case.
A controversy broke out after a video purportedly showing a group of people offering namaaz in Lulu Mall in Lucknow surfaced on social media, leading to a protest by a right-wing Hindu group that also filed a police complaint.
NRI businessman and Lulu group chairman M A Yusuff Ali, who had a miraculous escape on April 11 after his helicopter crash-landed on marshy land in Kochi, has undergone a spinal surgery at a hospital in Abu Dhabi, the company said.
After successfully defending her Australian Open trophy in January, Aryna Sabalenka won the US Open crown in September for her third Grand Slam title.
Shalini Passi isn't the only one ruffling up feathers on Fabulous Lives VS Bollywood Wives. Kalyani Saha Chawla is doing all that too!
Andy Murray will not get another chance to feature on court in his farewell at the Grand Slam.
IMAGES from Day 7 of the Wimbledon Championships, at the All England Lawn Tennis and Croquet Club, London, on Sunday.
IMAGES from Day 9 of the Wimbledon Championships, at the All England Lawn Tennis and Croquet Club, London, on Tuesday.
The construction of a Bailey bridge to connect the landslide-hit areas, where several people are believed to be stranded, alongside the deployment of sniffer dogs and over 1,000 rescuers from Central and state emergency response teams conducting massive search operations, constitutes one of the largest rescue efforts in the Wayanad, devastated by a deadly calamity.
Alon Lulu Shamriz and Samer Fouad Al-Talalka were among the three Israeli hostages who were mistakenly killed by the Israeli military while being held hostage in Gaza by Hamas.
Maharashtra has signed MoUs totalling Rs 1.4 lakh crore at Davos on the sidelines of the World Economic Forum Annual Meeting, following Chief Minister Eknath Shinde's meetings with a number of business leaders, the state government said on Wednesday. Karnataka, too, signed MoUs with investment proposals to the tune of Rs 22,000 crore with seven companies.
Actor Jayaram, known for his love of animals, also visited the boy's house and handed over a cheque of Rs 5 lakh to buy new cows and rebuild his farm.
IMAGES from Day 5 of the Wimbledon Championships, at the All England Lawn Tennis and Croquet Club, London, on Friday.
The Uttar Pradesh Police on Tuesday arrested four people and is in search of four others for 'unauthorisedly' offering namaaz in the newly inaugurated LuLu Mall in Lucknow.
In a letter that was posted on the Twitter page of Bharat Rashtra Samithi leader Khaleequr Rahman, the woman said her daughter Syeda Lulu Minhaj Zaidi went to the USA to pursue MS from TRINE University, Detroit in August 2021.
A 23-year-old IT professional has been arrested for allegedly entering a women's washroom wearing a burqa in a popular mall in Kerala and recording their videos on his mobile phone.
How much do you know about the Vibrant Gujarat Global Summit 2024?
Becks Krishnan was saved by prominent NRI businessman and philanthropist M A Yusuffali who helped to pay his "blood money" amounting nearly Rs 1 crore.
'I have saved your name on my phone, but I cannot read or pronounce it.' 'I am able to recognise my wife's name today because after seeing it for so long, it has been imprinted in my mind as a picture and not the letters.'
A group of men from West Bengal were handed over to the police by Vishwa Hindu Parishad members in Shahjahanpur for allegedly offering namaaz on the roadside.
Kerala's financial hub, Kochi is now home to one of India's largest malls.
A tweet in Malayalam by Sheikh Mohamed bin Rashid Al Maktoum, vice president and prime minister of the United Arab Emirates and ruler of Dubai, soon after his meeting with Kerala Chief Minister Pinarayi Vijayan in the Emirates, has gone viral on social media as several expatriate Malayalis shared it on their virtual platforms.
For many, he is the Dhirubhai Ambani of Kerala. For others, he is the most influential Indian in West Asia. M A Yusuff is back in the spotlight after the controversy surrounding the UAE's reported offer of a Rs 7 billion aid package for flood-hit Kerala.
Get your lowdown on what's going on in the world of Hollywood, right here!
The increasing involvement of Big Tech in the financial system could give rise to concentration risk and there are potential spillovers, which call for closer attention, Reserve Bank of India (RBI) Governor Shaktikanta Das said on Tuesday. "...enormous amounts of consumer data is being generated and leveraged upon by a few entities (the so-called Big Tech) by virtue of their huge customer base. "Such developments raise concerns on concentration risk and potential spillovers as their level of engagement with the financial system strengthens in the years to come," Das said at the Global Fintech Fest 2022.
Ranked 737 in the Forbes global billionaire list with personal wealth of $2.4 billion, Yusuffali's diversification does not stop here.
The complainants alleged that the song 'Manikya Malaraya poovi' in the film written and directed by Omar Lulu had an 'objectionable' reference to Prophet Muhammad's wife.
Kylie Minogue will perform at the closing ceremony of Glasgow Commonwealth Games 2014 alongside Lulu, Deacon Blue and Dougie MacLean, it has been revealed.
Salman Khan and Jacqueline Fernandez sizzling chemistry is pretty evident on the mag cover.
How should one billion Indians, for whom deprivation has become an inescapable way of life, join us in celebrating 75 years of Independence? And where do we go from here? asks Kalyan Singhal.
Chinese weightlifter Zhou Lulu set a clean and jerk World record of 192 kilograms to win gold in the women's +75kg category at the Asian Games on Friday. Zhou added 2kg to Russian Tatiana Kashirna's previous mark, set last year in Poland.
The crowd were left mesmerized with Kylie Minogue performing at the closing ceremony of the 2014 Commonwealth Games as they formally concluded with a spectacular ceremony at Hampden Park in Glasgow.
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