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BusinessToday.In
December 6, 2019
Catch top stories from the world of business and economy with BusinessToday.In's end of day report


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
December 6, 2019
HUDCO share price ended 4.86% lower at Rs 36.20 today compared to the previous close of Rs 38.05 


BusinessToday.In
December 6, 2019
Allcargo Logistics stock price opened with 3.03% higher today and later rose 5.05% to intraday high of Rs 98.9 on BSE


BusinessToday.In
December 6, 2019
Maruti Suzuki share price fell up to 2.04% to Rs 6,862.15  against previous close of Rs 7,005.60  on BSE.


BusinessToday.In
New Delhi, December 6, 2019
Maruti will inspect 63,493 vehicles of petrol SHVS of Ciaz, Ertiga and XL6 for a possible issue with the Motor Generator Unit. Vehicles requiring replacement of faulty part will be retained for part replacement free of cost


BusinessToday.In
December 6, 2019
Following the development, shares of Vodafone Idea traded 8.89% lower, quoting at day's low of Rs 6.66 against the previous close of Rs 7.31 on BSE


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...


BusinessToday.In
December 6, 2019
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


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


BusinessToday.In
New Delhi, December 5, 2019
The negative outlook primarily reflects the risk of further deterioration in YES Bank's solvency, funding or liquidity, if the bank is unable to recapitalise itself within the next few quarters, says Moody's


BusinessToday.In
December 5, 2019
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


Niti Kiran
New Delhi, December 5, 2019
The company's consolidated losses widened to Rs 7,474 crore during 2018-19 compared to a loss of Rs 6,554 crore a year ago


BusinessToday.In
December 5, 2019
Share price of Reliance Industries Ltd (RIL) rose up to 1.73% or 27 points to Rs 1,579.80 compared to the previous close of Rs 1552.55 on BSE


BusinessToday.In
December 5, 2019
The telecom operator is tapping investors to raise as much as $3 billion, in order to pay dues emerging from a recent Supreme Court order on the definition of adjusted gross revenue (AGR)


BusinessToday.In
December 5, 2019
The IPO of Ujjivan Small Finance Bank received bids for 2,053.5 crore shares against the issue size of 12.39 crore shares


Goutam Das
December 4, 2019
The book is as much about Sachin and Binny Bansal - the founders - as it is about other professionals who played a stellar role in Flipkart's dramatic rise


BusinessToday.In
New Delhi, December 4, 2019
In order to align production in line with the market demand for our products, Ashok Leyland proposes to observe non-working days ranging from 2-12 days in few plants


BusinessToday.In
New Delhi, December 4, 2019
Share price of this company which owns Bullet motorcyle Royal Enfield, has gained 45.25% after FM Nirmala Sitharaman announced cut in corporate tax rate on September 20. In 10 years its share price rose 3500%. Watch the video for more on this stock.


BusinessToday.In
December 4, 2019
The share sale is being undertaken for achieving the minimum 25% public shareholding in the company, as prescribed under the norms by the market regulator SEBI


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