Investment
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USA
Nara Lokesh Engages Microsoft CEO Satya Nadella in the U.S. to Propel Andhra Pradesh’s IT Sector
Redmond, USA: Andhra Pradesh Minister Nara Lokesh recently met with Microsoft CEO Satya Nadella at the company’s headquarters in Redmond, USA. During this significant meeting, Lokesh expressed his vision for transforming Andhra Pradesh into a technology leader through the establishment of new IT hubs and innovation parks across the state. He sought Microsoft’s collaboration to develop these hubs into world-class…
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Business
Gold Prices Surge Ahead of Festive Season, Silver Rates Stable
Bengaluru, October 27 — Over the weekend, gold prices in India have witnessed a notable increase, with rates rising by as much as ₹65 in certain areas. In contrast, silver prices have remained relatively stable. While international markets have shown minimal fluctuation in gold prices over the past couple of weeks, the Indian market is experiencing a significant uptick, likely…
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Business
Health Insurance Giant Niva Bupa Set for Public Listing with ₹3,000 Crore IPO
True North, a prominent home-grown private equity firm, is spearheading an initial public offering (IPO) for Niva Bupa Health Insurance Ltd., previously known as Max Bupa Health Insurance Company. The Securities and Exchange Board of India (SEBI) has granted final observations for the firm to raise ₹3,000 crore through this IPO, marking a significant milestone for the company. Niva Bupa…
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Business
Hyundai India Set Launch Historic $3.3 Billion IPO in Mumbai Today
Hyundai India is set to open the order books for its massive $3.3 billion initial public offering (IPO) in Mumbai, starting Monday, according to regulatory filings. This offering marks the largest IPO in Indian history and ranks as the second-largest globally in 2024. India’s capital markets continue to show remarkable momentum, with 260 companies raising over $9 billion so far…
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Business
India’s Largest Stock Offering of 2024: Hyundai Motor India to Launch $3 Billion IPO
Hyundai Motor India is set to launch its initial public offering (IPO) next week, with share prices expected to be priced between Rs 1,865 and Rs 1,960 ($22 to $23). This valuation could position the automaker at approximately $19 billion, marking it as the largest stock offering in the country this year. This IPO represents Hyundai’s first foray into public…
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Investing
Bank of India Offers Up to 8.10% Interest on New Fixed Deposit Scheme
In celebration of the festive season, Bank of India (BOI) has introduced a new 400-day fixed deposit scheme that offers attractive interest rates to various customer segments. This initiative aims to provide customers with a lucrative investment opportunity during the festive period. Here are the key highlights of the new fixed deposit scheme: Attractive Interest Rates: The scheme offers competitive…
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Business
Swiggy Targets Rs 3,750 Crore in IPO, Set for Major Indian Listing
Swiggy, the food delivery giant backed by SoftBank, announced on Thursday its plan to raise Rs 3,750 crore ($448.56 million) through its upcoming initial public offering (IPO). This move positions the company for one of India’s largest stock market debuts this year. According to Swiggy’s draft prospectus, existing investors such as Accel India and Tencent Europe will offload around 185.3…
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Money
Gold Prices Rise in Response to Positive Global Cues and Rate Cuts
Gold prices in the domestic futures market increased on Monday, bolstered by positive global trends following a recent 50 basis points rate cut by the US Federal Reserve. Expectations of further rate cuts through 2026 are supporting gold’s appeal, as lower interest rates reduce yields on interest-bearing assets, making gold a more attractive option for investors. Spot gold prices remain…
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Business
India on Track to Achieve 500 GW Renewable Energy Capacity by 2030
New Delhi: Union Minister for New and Renewable Energy, Pralhad Joshi, announced on Monday that leading banks and financial institutions have pledged nearly $386 billion (approximately ₹32.45 trillion) towards the development of renewable energy projects by 2030. This declaration was made during the inaugural session of the 4th RE-Invest Summit, organized by the Ministry of New and Renewable Energy (MNRE)…
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Business
Canadian Company Viterra to Invest ₹250 Crore in Agricultural Infrastructure in Vijayapura: M.B. Patil
Vijayapura: Viterra, a leading Canadian agricultural production company, is set to invest ₹250 crore to develop agricultural infrastructure in Vijayapura district, according to Large and Medium Industries Minister M.B. Patil. The decision was announced following a meeting at the Khanija Bhavan, where Minister Patil held discussions with representatives from Viterra. “Viterra will play a crucial role in constructing state-of-the-art cold…
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