Business

South Korean electronics giant LG’s Indian subsidiary is all set to finalise share allotment for its Initial Public Offer (IPO) on October 10, after receiving a strong response from investors. Those you applied for the IPO can check the allotment status by visiting the BSE/NSE or the website of the registrar, KFin Technologies Limited. LGEINDIA…

The Trump administration has made another attempt to ensure fairness for US workers, asking China to bar its airplanes from flying over Russia as it puts American airlines at a disadvantage.The US government on Thursday presented a proposal to stop Chinese airlines from flying over Russia on routes to and from the United States, arguing…

Small businesses across the country are seeing a welcome boost in sales, thanks to recent GST cuts and the upcoming festive season.Industry bodies said that sectors like toys, textiles, footwear, and auto accessories have reported stronger demand.The ministry of micro, small and medium enterprises (MSMEs) is keeping a close watch and is expected to conduct…

WeWork India Management, the operator of co-working spaces, made a muted entry on the stock markets on Friday. The shares opened at Rs 650 on the NSE, a slight 0.31% above the issue price, but later dipped 3.84% to Rs 623.10. On the BSE, it began trading at Rs 646.50, 0.23% the issue price.The IPO,…

Asian stock markets traded mostly in red on Friday as the week closed, following a mix of positive and worrying developments.In Hong Kong, HSI fell 304 points or 1.14%, reaching 26,447. Shanghai and Shenzhen also traded in red shedding 0.51% and 1.85%, respectively. Japan’s Nikkei was down 470 points or 0.97% at 10:10 AM IST.Meanwhile,…

Expert Rupak De notes that despite Thursday’s recovery, the index remains under the 25,250 resistance level. (AI image) Stock market today: Nifty50 and BSE Sensex, the Indian equity benchmark indices, opened in green on Friday. While Nifty50 want above 25,200, BSE Sensex was up around 200 points. At 9:24 AM, Nifty50 was trading at 25,236.00,…

The United States on Thursday imposed a new round of sanctions accusing individuals and entities of helping Iran export oil and liquefied petroleum gas (LPG). A release by the US department of the treasury’s office of foreign assets control (OFAC) announced sanctions on over 50 individuals, companies and vessels for their alleged roles.According to an…

MUMBAI: A decade after its launch in India, Swedish fast fashion giant H&M has forayed into the booming local beauty market, widening its play in the country beyond mainstay fashion and home. Popular with Gen Z and millennials for its fashion-forward clothing that comes with a brand tag and is yet affordable, H&M will tap…

New Delhi: Road transport and highways minister Nitin Gadkari on Thursday said India’s logistics cost will fall to single digits to around 9% before December 2025, which will increase profit margins for industries and businesses and make Indian products competitive in the international market.Speaking at an event of the business chamber – PHDCCI, Gadkari cited…

NEW DELHI: The road transport and railway ministries have achieved a record capital expenditure utilisation of 63% and 56.5%, respectively, during the first half of the current financial year. The combined capex of the two ministries by Sept end was over Rs 3.1 lakh crore, as against the budgetary allocation of Rs 5.2 lakh crore…