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BusinessToday.In
New Delhi, December 11, 2019
As trading began state-owned Saudi Aramco's shares spiked. They rose to 35.2 Saudi riyals ($9.38) from 32 riyals, up 10 per cent. Aramco's public debut is the largest on record. Crown Prince Mohammed Bin Salman has been working towards transforming the Saudi economy and the IPO was a part of his Vision 2030. He first shared the idea in 2016. The company has hit a market value of $1.88 trillion. Aramco has overtaken Microsoft Corp. and Apple Inc. as the most valuable listed company. Watch the video about the oil giant's journey.


Reuters
December 11, 2019
Aramco stock will become part of Tadawul index by next week and global benchmarks such as MSCI and FTSE later this month


Joe C Mathew
New Delhi, December 11, 2019
PM Ujjwala Yojana: According to CAG, as on 31 March 2019, OMCs had issued 7.19 crore LPG connections which is approximately 90 per cent of the target of 8 crore connections


PTI
December 11, 2019
At the interbank foreign exchange the rupee opened at 70.87, then gathered momentum and touched a high of 70.80 against the US dollar, registering a rise of 12 paise over its previous close


BusinessToday.In
December 11, 2019
Share Market Today: Sensex ended 172 points higher at 40,412 and Nifty rose 53 points to 11,910.


BusinessToday.In
New Delhi, December 10, 2019
Dhamra LNG terminal is a five million tonne per annum (Mtpa) LNG import and regasification facility at Dhamra Port, in the Bhadrak district of Odisha, India


PTI
New Delhi, December 10, 2019
COP25 Summit: While some EU countries such as Sweden (4th) and Denmark (5th), one of the best climbers, achieve overall high or very high ratings


BusinessToday.In
New Delhi, December 10, 2019
The highlight of the day-long event are the BT Best CEOs Awards, where some of the biggest names in Indian industry will be awarded. Oil Minister Dharmendra Pradhan is the chief guest and will give away the awards


BusinessToday.In
December 10, 2019
While Sensex fell 247 points to 40,239, Nifty lost 80 points to 11,856


Nevin John
New Delhi, December 10, 2019
Aramco and Abu Dhabi National Oil Company (ADNOC) have been planning to jointly hold 50 per cent stake in the USD 44 billion refinery in Maharashtra


Reuters
December 9, 2019
Thousands of workers have already protested the privatisation of BPCL, fearing job losses, as India plans to invite international energy firms to participate in the privatisations


BusinessToday.In
December 9, 2019
Home Minister Amit Shah also instructed the DGs of all para-military forces to use village industries products such as pickles, papad, honey, soaps and detergents, shampoos, phenol, tea, mustard oil etc. in their canteens


PTI
December 8, 2019
The single-use plastic industry is close to Rs 80,000 crore right now and growing. Packaging accounts for a third of India's plastic consumption, and 70 per cent of plastic packaging is turned into waste in a short span


Reuters
December 7, 2019
OPEC+, which includes more than 20 producers, pump over 40% of the world's oil


BusinessToday.In
New Delhi, December 6, 2019
Saudi Arabia's state oil company Aramco raised $25.6 billion in its initial stock offering. The amount raised has broken the record of Chinese online giant Alibaba's $25 billion-debut on the Wall Street in 2014. The market launch has spiked Saudi Aramco's value at $1.7 trillion. It is now way ahead of the other contenders in the trillion-dollar club - Apple at $1.2 trillion and both Microsoft and Alibaba at $1.1 trillion. However, it fell short of Crown Prince Mohammed bin Salman's target of $2 trillion. Saudi Aramco will begin trading three billion shares on the country's Tadawul stock exchange on December 12 at a starting price of 32 riyals or $8.53. The new private shareholders are mostly Saudis. The government used a series of initiatives to encourage Saudis to buy a stake in the kingdom's crown jewel. Watch the video for more.


BusinessToday.In
New Delhi, December 6, 2019
The slowdown in manufacturing activity was reflected in the decline in capacity utilisation to 68.9 per cent in Q2FY20 from 73.6 per cent in Q1, says RBI in its fifth bi-monthly monetary policy statement


BusinessToday.In
New Delhi, December 6, 2019
Saudi Aramco raises $25.6 billion in largest-ever IPOSaudi Arabia's state oil company Aramco raised $25.6 billion in its initial stock offering on Thursday. The amount raised has broken the record of Chinese online giant Alibaba's $25 billion-debut on the Wall Street in 2014. The market launch has spiked Saudi Aramco's value at $1.7 trillion. It is now way ahead of the other contenders in the trillion-dollar club.'I condemn this approach': FM Sitharaman says her onions remark take...


PTI
December 6, 2019
Traders said positive opening in domestic equities, easing crude oil prices and fresh foreign fund inflows supported the domestic currency


BusinessToday.In
New Delhi, December 6, 2019
Saudi Aramco IPO: The amount raised has broken the record of Chinese online giant Alibaba's $25 billion-debut on the Wall Street in 2014


Prasanna Mohanty
New Delhi, December 5, 2019
The second and concluding part looks at how the quarterly GDP estimates use the organised sector indicators to measure the unorganised sector, which contributes nearly 50% to the GDP, thereby giving a misleading picture of the state of economic health


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