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.

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...

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

All the key economic indicators have been on a downward swing for quite some time. If this slide is not checked India may slip into recession sooner than later. In this first part of a two-part series, the article looks at what the major economic indicators are telling about the state of Indian economy

Diesel accounts for about two-fifths of refined fuel demand in India, which has grown by its slowest pace since fiscal year 2014 this year amid tight credit markets, contracting auto sales and slowing rail and air traffic

At the interbank foreign exchange, the rupee opened at 71.66, then gained some momentum and touched a high of 71.58 against the dollar, showing a rise of 8 paise over its last close

The RSS affiliate opposed PM Modi-led govt's disinvestment plan, calling for a new comprehensive policy that defines the role of public sector enterprises and their worth in making India more stronger

Reliance Industries share price gained up to 4.07% to hit its all-time high of Rs 1,614 compared to the previous close of Rs 1,550.90 on BSE

Reliance Industries (RIL) on Thursday became the first Indian company to hit the Rs 10 lakh crore market valuation mark following a spike in its share price.

Adani Gas share price rallied as much as 12.77 per cent to Rs 168.60 apiece on the BSE after the CCI approved the acquisition of 37.4 per cent shareholding and joint control by Total Group in Adani Gas

Snapping two-day gaining streak, RIL share price declined as much as 1.93 per cent to touch an intraday low of 1,549.45 apiece on the BSE

At the interbank foreign exchange, the rupee opened at 71.63 then fell to 71.73 against the US dollar, showing a decline of 11 paise over its previous closing

HDFC Bank shares will be in focus after the lender said it has constituted a six-member search committee to replace Aditya Puri as managing director and chief executive officer of the bank, whose tenure ends on October 26, 2020

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

At 3.375 per cent interest rate, this is the tightest coupon for 10-year or longer tenor offering from India ever achieved by any Indian corporate

The lowest price of Rs 38 per kg of the bulb was reported from Gwalior in Madhya Pradesh, the Consumer Affairs Ministry data showed

The sales are seen as a way to plug a widening fiscal gap as New Delhi looks to revive a slowing economy

With 50.05% of the shareholding in RIL, the Ambanis have become the first family in Indian history to have wealth above Rs 5 lakh crore

The RIL Chairman is also ahead of L'Oreal's Francoise Bettencourt Meyers and family, Bloomberg LP's Michael Bloomberg, Alibaba's Jack Ma as well as Walmart's Jim, Alice and Rob Walton

'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,\"...