Hyundai Motor India (HMIL) raised Rs 8,315 crore from anchor investors on Monday, setting the stage for the country's biggest-ever maiden share sale. The Indian arm of the South Korean carmaker Hyundai Motor Company (HMC) allotted 42.4 million shares to 225 funds at Rs 1,960 apiece, the higher end of its price band. Among the investors receiving allotments were the Singapore government's sovereign wealth fund (GIC), New World Fund, and Fidelity.
Bank of America has been hit by a whistleblower complaint that its officials in Asia had shared "non-public information" with investors "before the bank sold hundreds of millions of dollars of stock", reports the Wall Street Journal.
'It is not that employee work is not happening if you don't see it.'
Boys definitely know how to have fun.
Bypolls will be held on Wednesday in 31 assembly seats spread across 10 states and Kerala's Wayanad Lok Sabha constituency, from where Congress general secretary Priyanka Gandhi Vadra is making her electoral debut. Though these bye-elections are not going to have any bearing on the governments, they are seen as a big test for the Congress and the INDIA bloc which failed to put up a united show in the recent Haryana assembly polls. Most of these seats fell vacant after the sitting MLAs contested the Lok Sabha elections and won while in some constituencies, the bypolls are being held due to death of the representatives. The Wayanad seat was vacated by Rahul Gandhi, who also won from the Rae Bareli parliamentary constituency which he kept. Voting will be held in seven seats in Rajasthan, six in West Bengal, five in Assam, four seats in Bihar, three in Karnataka, two seats in Madhya Pradesh, and one seat each in Chhattisgarh, Gujarat, Kerala and Meghalaya. Votes will be counted on November 23.
The country's leading cement maker UltraTech on Thursday said it will acquire a 23 per cent stake in its Chennai-based rival India Cements Ltd, in a deal estimated to be around Rs 1,885 crore. As part of the transaction, UltraTech Cement will acquire 7.06 crores equity shares of India Cements at a price of up to Rs 267 per share, according to a regulatory filing from the Aditya Birla Group flagship firm.
'To those who have just finished engineering or MCA or BSc, BBA, I will say they should take up whatever internship opportunities they are getting.' 'They should look for opportunities to learn the latest tools.' 'They should think innovative and try to solve problems. Only when you sharpen your skills, you will remain relevant.'
'This was a government that wanted nobody outside Bangladesh to know that they were simply inept and run by a highly authoritarian leader who was afraid of any criticism towards herself.'
'A long-term investor with a 4 to 5 year horizon could invest in this theme via SIPs.'
Rinku Singh picked for second round as top stars leave for Test series against Bangladesh. Mayank Agarwal has been named as India A captain in Gill's place.
A non-strategic investor like Poonawalla brings in not only capital but also creative freedom. Indian cinema needs more investors like him, reports Vanita Kohli Khandekar.
A large number of police personnel have been deployed there to prevent any untoward incident in view of the prevailing situation, he said.
The year was rich in content as far as Web series were concerned.
India's thriving mutual fund (MF) industry is drawing interest from several firms, with multiple applications submitted to the Securities and Exchange Board of India (Sebi) for asset management company (AMC) licences.
Another Indian, Arjun Erigaisi could not crack the solid defences of Parham Maghsoodloo of Iran and had to settle for a draw.
Bollywood doesn't need fire-breathing dragons when it has Bhai.
The other releases of the week, Khel Khel Mein and Vedaa, have not been able to make a mark at the box office.
'I was emotional when the decision took place on August 5, 2019.' 'I made the film with clear intentions of projecting the truth.'
The likes of Shreyas Iyer, Sanju Samson, Riyan Parag and Rinku Singh will get another opportunity to enhance their red-ball credentials when the final round of Duleep Trophy matches begin in Anantapur
India eye Paris revenge against Germany in Test series as international hockey returns to Delhi
'A struggling actor once came to me and told me there's no work.' 'I said when there's no work, that's when you have a lot of work.' 'He said he didn't understand.' 'I explained that you have to keep reading, watching, writing, traveling.' 'It is like riyaaz for an actor.'
Film folk get fashionable on the red carpet at the Bollywood Hungama's Style Icons Summit Awards 2024 in Mumbai.
Indian Grandmaster Arjun Erigaisi was stunned by Nikolas Theodorou of Greece in the second round of Sharjah Masters chess tournament in Sharjah.
Look who watched Janhvi Kapoor and Rajkummar Rao's Mr & Mrs Mahi on Monday night.
Aditya, 30, who was behind the wheel of Mercedes car, hit an auto rickshaw on Lokhandwala Back Road on Monday noon, said a Versova police station official.
Vivrant Sharma and Abid Mushtaq made contrasting fifties in Jammu and Kashmir's four-wicket win over Tripura on the third day of their Ranji Trophy Elite Group A match in Jammu on Friday.
The police are investigating allegations that professional rivalry, besides clinical depression, drove the actor to suicide. Police are also trying to understand the reason behind Rajput ending his contract with YRF.
With the fourth and fifth lists, the party has declared candidates on 88 of the 90 seats.
'This felt surreal because the baby was also a part of it. Some of the inspiration also came from how I saw my mother work her way through. We Indian women are stronger than we give ourselves credit for.'
As he took the bow at the end of the Lakme Fashion Week x FDCI show, many in the crowd cheered for him with an inkling that the magic and the beauty they just witnessed on the ramp was perhaps for the last time. But no one in the fashion fraternity thought that Bal would pass away so soon.
The uber-talented Sanju Samson completed his 11th first-class hundred before Arshdeep Singh showed his wares with the semi-new ball as India D held sway over India B on the second day of their final Duleep Trophy round robin league match in Anantapur on Friday.
'The problem is that the bubble may not only be in valuations, but also in investors' minds.'
'Today's engineering graduates have to learn the skills to solve problems which is actually a higher order skill.'
Quant funds are a unique offering in the MF space as the investment decisions are driven by a blend of active and passive strategies.
Jannayak Janta Party, which had emerged as the kingmaker last assembly polls, was decimated this time round, while the Indian National Lok Dal also failed to create much impact, with prominent leaders of both outfits Dushyant Chautala and Abhay Singh Chautala losing their seats.
Citadel: Honey Bunny will stream from November 7 on Amazon Prime Video.
Reader Rajesh Purohit has sent us a photograph.
The Rs 84,000 crore domestic fund of funds (FoFs) space, which was in the doldrums over the past 18 months, has now caught the attention of investors due to a change in the tax structure in Budget 2024. The broader category, which includes offerings across equity, debt and commodities, has seen a spike in the inflows over the past two months. FoFs typically deploy the pooled capital in one or multiple MF schemes rather than investing directly into equities, debt or commodities.
A screening of Ishq Vishk Rebound, was held in Mumbai and industry folk came forward to support the young actors in it: Rohit Saraf, Pashmina Roshan, Jibraan Khan and Naila Grrewal.
