The state-owned oil giant's shares surged the maximum permitted 10 per cent above their IPO price on their Riyadh stock market debut on Wednesday

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.

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

Mukesh Ambani has transformed RIL into a manufacturing plus consumer-centric company

In the preceding fiscal 2017-18, the notes in circulation were Rs 18,03,700 crore; while it stood at Rs 13,10,200 crore at the end of 2016-17

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

The Bharat Bond ETF will have a base size of Rs 7,000 crore, with a green shoe option of additional Rs 8,000 crore. Retail investors can invest with the minimum investment amount of Rs 1,000 and in multiples of Rs 1,000 thereafter

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

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.

Moody's downgrades YES Bank ratings ahead of fund raising plan; Air India net loss at all-time high of Rs 8,550 crore in FY19; Chidambaram lists economists that Modi govt 'banished' and more news on News Blast.

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...

Moody's cited stressed assets and low loss-absorbing buffers against those assets for the downgrade, which may add pressure to its funding and liquidity

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

The Greater Noida Industrial Development Authority said it is in consistent talks with farmers in the region to purchase their lands with their consent

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

InterGlobe Aviation, the parent firm of IndiGo, pointed out multiple factors while listing out the 'revenue headwinds' for the present fiscal in its investor presentation

With an indicative price of 30-32 riyals, the IPO is valued at as much as 96 billion riyals ($25.6 billion) and gives the firm a market value of $1.6-$1.7 trillion

'Not a recession yet': FM Sitharaman calms nerves on economic slowdownIn her address to Rajya Sabha on Wednesday, Finance Minister Nirmala Sitharaman agreed economy has lost steam, but maintained that matters have not descended into a recession yet. She further said that there would never be a recession in the country. \"If you are looking at the economy with a discerning view, you see that growth may have come down but it is not a recession yet, it will not be a recession ever,\"...

Any delay of the project is likely to undermine investor confidence, at a time when growth has slowed to its weakest pace in years

Indian Oil Corp, Bharat Petroleum and Hindustan Petroleum --currently own most of the 66,408 petrol pumps in the country