French lottery operator IPO draws retail investors - minister

The initial public offering (IPO) of French lottery operator Francaise des Jeux (FDJ) has proved a "popular success", drawing subscriptions from retail investors worth 1 billion euros ($1.10 billion), the finance minister said on Saturday.

54 minutes ago
Reuters

US-China Trade Talks, Macro-Economy To Drive Indian Equities

After a subdued trade in the week gone by, the Indian equity market is likely to be largely impacted by progress in the US-China trade talks.

2 hours 45 minutes ago
NDTV

Traders’ body asks government to implement minimum selling price

Traders’ body called on the government to take other steps such as asking banks to offer cash-back schemes for offline retailers as well.

2 hours 46 minutes ago
The Hindu

Belarus threatens to pull out of Russia integration deal over subsidy row

Belarus President Alexander Lukashenko on Sunday threatened to pull out of signing an integration deal with Russia next month if Moscow failed to resolve their dispute over energy subsidies.

4 hours 33 minutes ago
Reuters

Bharti Airtel withdraws bid for RCom assets citing questionable, unfair conduct

Request to extend the deadline was turned down by the committee of creditors, but dates have been extended to accommodate submission by a bidder, said Harjeet Kohli

5 hours 40 minutes ago
The Hindu

Six of top-10 firms add Rs 2.4 trillion in m-cap; TCS leads charge

The market cap of TCS zoomed Rs 1,93,666.73 crore to reach Rs 8,16,068.63 crore

5 hours 47 minutes ago
Business Standard

Factbox: Saudi Aramco - the oil colossus

Saudi Aramco set a price range for its blockbuster listing that implies the oil giant is worth between $1.6 trillion and $1.7 trillion, below the $2 trillion Saudi Crown Prince Mohammed bin Salman previously targeted.

5 hours 48 minutes ago
Reuters

British Steel faces uncertain future despite Scunthorpe rescue

UK industry needs radical reform to end crippling cycle of boom and bust

6 hours 21 minutes ago
FT

FPIs infuse Rs 19,203 cr into Indian capital markets in November so far

Prior to this, FPIs had poured a net Rs 16,464.6 crore in October and Rs 6,557.8 crore in September into the domestic capital markets (both equity and debt)

6 hours 29 minutes ago
Business Standard

Telecom industry to consolidate further in ‘no relief’ scenario: Kotak Institutional Equities

A ‘no material relief’ scenario would be an industry-structure-altering one, according to Kotak Institutional Equities

6 hours 52 minutes ago
The Hindu

Russia says India delaying signing helicopters deal - executive

The head of Russian Helicopters said on Sunday that India was delaying the signing of a firm agreement for purchasing 140 helicopters despite providing all information.

7 hours 21 minutes ago
Reuters

Tatkal Train Ticket Booking: Rules, Charges, Timings Other Details Here

IRCTC Tatkal News: Tatkal train ticket booking service of Indian Railways allows passengers to travel on an urgent basis by paying a premium to the normal train ticket fares.

7 hours 21 minutes ago
NDTV

Aramco Declares $1.71 Trillion Valuation In Blockbuster IPO

Aramco said it would sell 1.5 per cent of the company in a blockbuster initial public offering worth at least $24 billion.

7 hours 36 minutes ago
NDTV

RBI should be given full power to regulate co-op banks: Satish Marathe

In a letter to the Finance Minister, the RBI Central Board Director suggested a broad-based committee should be set up to prepare a vision document and a road map for the cooperative banking sector

8 hours 2 minutes ago
The Hindu

Lagarde must resist pressure on inflation target

The new president should ensure governments grasp the interaction of fiscal and monetary policy

8 hours 11 minutes ago
FT

Saudi Aramco will not market IPO in the United States - sources

Saudi Aramco does not plan to market its domestic initial public offering (IPO) in the United States, two sources familiar with the matter said.

8 hours 54 minutes ago
Reuters

Gotabaya Rajapaksa wins Sri Lanka presidential poll

Ex-defence chief leads family comeback amid public fury over Easter terror attacks

9 hours 7 minutes ago
FT

Initial draft industrial policy targets $1 trillion gross value addition in manufacturing by 2025

The initial draft policy is being circulated to seek views of different ministries and departments.

9 hours 25 minutes ago
The Hindu

Conflicts of interest in target-date funds catch SEC’s eye

The big proportion of US workers channelled in the retirement portfolios has increased the review urgency

9 hours 51 minutes ago
FT

Governance key concern for public sector banks: RBI Governor Shaktikanta Das

Lack of corporate governance has led to high bad loans, capital shortfalls, frauds, says RBI Governor

9 hours 52 minutes ago
The Hindu

MF investment in equities halves on low participation from retail investors

Fund managers had bought shares worth about Rs 1.12 trillion during January-October 2018, according to the data provided by the Securities and Exchange Board of India

10 hours 31 minutes ago
Business Standard

Saudi Aramco seeks $1.7 trillion valuation, plans to raise $25.60 billion via IPO

Armaco said it plans to sell 1.5% or about 3 billion shares, at an indicative price range of 30 riyals ($8.00) to 32 riyals, valuing the initial public offer (IPO), at 96 billion riyals ($25.60 billion) at the top end of the range.

11 hours 2 minutes ago
Business Today

African energy independent finds oil off Ghana coast

Springfield Group set to reveal deepwater discoveries it says will be bigger than Jubilee field

11 hours 51 minutes ago
FT

Saudi Aramco pares back IPO on weak foreign demand

Kingdom curtails roadshow to focus on domestic investors and sovereign funds

12 hours 22 minutes ago
FT

Saudi Aramco IPO set to value oil group at $1.7tn

Kingdom pares back ambition after international investors balked at $2tn target

12 hours 22 minutes ago
FT

AIIB expects investment worth USD 100m a year in India’s renewable projects

Investments expected to be in solar and wind projects in India from next month.

12 hours 45 minutes ago
The Hindu

German campaigners fall out of love with wind power

Growing opposition and lack of land spark collapse in construction of new turbines

12 hours 52 minutes ago
FT

Germans fall out of love with wind power

Growing opposition and lack of land spark collapse in construction of new turbines

12 hours 52 minutes ago
FT

7 of top 10 companies add Rs 2.4 lakh crore to market capitalisation last week; TCS leads the way

The other winners included Reliance Industries Ltd (RIL), HDFC Bank, Kotak Mahindra Bank, ICICI Bank and SBI, while HUL, Infosys, ITC and HDFC suffered losses in their market capitalisation (m-cap) for the week ended Friday

13 hours 20 minutes ago
Business Today

Mutual fund investment in equity markets halves to Rs 55,700 crore in Jan-Oct 2019

Fund managers had bought shares worth about Rs 1.12 lakh crore during January-October 2018, according to the data provided by the Securities and Exchange Board of India (SEBI)

13 hours 59 minutes ago
Business Today

FPIs pump in Rs 19,203 crore in Indian markets in November so far amid positive domestic and global cues

Overseas investors infused a net amount of Rs 14,435.6 crore into equities and ?4,767.18 crore into the debt segment during November 1-15, taking the total net investment to Rs 19,202.7 crore

14 hours 22 minutes ago
Business Today

Hong Kong police and protesters renew clashes

Tear gas and petrol bombs used after a day relative calm in a week of violence

15 hours 18 minutes ago
FT

Hong Kong police officer shot with arrow in new clashes

Protesters use weapon for first time a day after Chinese soldiers clear debris from streets

15 hours 18 minutes ago
FT

Russian envoy praises Macron stance on EU enlargement

Chizhov remarks set to further anger critics who say French leader risks undermining bloc

15 hours 51 minutes ago
FT

‘Their house is on fire’: the global pension crisis

The plunge in interest rates since the financial crisis is wreaking havoc on funds and bond market weakness could add to the pain

15 hours 51 minutes ago
FT

Ordinary Libyans bear brunt of seven-month siege of Tripoli

Residents face daily dangers as offensive by military strongman Haftar rages on

15 hours 51 minutes ago
FT

Mistakes happen, it’s how we deal with them that matters

Being upfront when things do go wrong is useful advice in any workplace

15 hours 51 minutes ago
FT

US and South Korea postpone joint military exercise

War game delay is latest effort to revive denuclearisation talks with Kim Jong Un

15 hours 54 minutes ago
FT

Vodafone Idea plans to monetise data centres

Vodafone Idea said it was exploring the monetisation of data centres as part of its debt reduction plans. Apart from data centres, Vodafone Idea is pl

17 hours 28 minutes ago
The Hindu

Nirmala Sitharaman holds meeting on GST simplification

Similar meetings across country on Dec 7

17 hours 31 minutes ago
The Hindu

Wall Street thrills to idea of Bloomberg presidency

New York establishment encourages billionaire former mayor to take on Trump

19 hours 51 minutes ago
FT

Why is it necessary to fix a minimum wage?

Why is it necessary? How will the provisions of the Code on Wages, 2019, be implemented?

20 hours 30 minutes ago
The Hindu

Prince Andrew denies having sex with a teenager

British royal dismisses allegations linked to controversial friendship with disgraced financier Jeffrey Epstein

20 hours 35 minutes ago
FT

Venezuelans take to streets again amid regional unrest

Pro and anti-government rallies sweep capital in wake of Bolivia protests

21 hours 12 minutes ago
FT

Venezuelans take to the streets again amid regional unrest

Pro and anti-government rallies sweep capital in wake of Bolivia unrest

21 hours 12 minutes ago
FT

Tax officials face the heat as government fixes higher collection targets

Narendra Modi government seeks 17% more in direct taxes this year despite granting corporations massive tax cut; tax officers fear missing target, accusations of overreach.

21 hours 51 minutes ago
The Hindu