Hyundai Motor India IPO: A Milestone for the Indian Stock Market
Trending News
2 months ago

Hyundai Motor India IPO: A Milestone for the Indian Stock Market

Live Mint  

Hyundai Motor India's IPO is a significant milestone for the Indian stock market, showcasing its depth and liquidity. The IPO, which raised ₹27,870 crore, was oversubscribed by 6.97 times, indicating strong interest from institutional investors. However, the retail segment saw a relatively muted response, with the subscription for retail investors at 0.5 times. The IPO has sparked discussions about its implications for both retail and institutional investors, with some analysts suggesting that the high valuation may be justified by the company's strong profitability. However, others remain cautious about the IPO market's future due to the sluggish market conditions.

New Delhi Law Finance Automotive IPO  investors  parent  ipo  listing  hyundais  shareholders  market  india  stock  indian  motor  hyundai  success  local

History of this topic

India’s IPO fundraising set for landmark year 2024: S&P Global Market Intelligence
2 weeks, 1 day ago

India’s IPO fundraising set for landmark year 2024: S&P Global Market Intelligence

Live Mint  

New Delhi, December 8 Fundraising via initial public offerings in India is set for another landmark year this 2024, asserted S&P Global Market Intelligence in a report. The listed companies raised a combined ₹1.4 trillion rupees, according to data compiled by S&P Global Market Intelligence. The IPO count this year grew over 22 per cent from 243 in 2023, while …

Upcoming IPO: LG Electronics India Submits Draft Papers For Maiden Issue
2 weeks, 2 days ago

Upcoming IPO: LG Electronics India Submits Draft Papers For Maiden Issue

ABP News  

LG Electronics India on Friday submitted the draft papers for the maiden offer. The domestic wing of the South Korean major LG Electronics Inc filed the draft red herring prospectus for the initial public offering and industry sources stated that the issue size is likely to be more than Rs 15,000 crore. The firm in its draft papers noted, “Our …

LG India files paper with Sebi to launch an IPO
2 weeks, 3 days ago

LG India files paper with Sebi to launch an IPO

New Indian Express  

LG Electronics India Ltd, the Indian subsidiary of South Korea’s LG Electronics Inc., has filed draft papers with the Securities and Exchange Board of India to launch an initial public offering. With an issue size of Rs 15,000 crore, LG’s IPO would rank as the fifth largest in India’s history. The public issue is going to be offered for sale …

Hyundai Motor India to raise car prices by up to ₹25,000 across models from January 2025 due to rising costs
2 weeks, 4 days ago

Hyundai Motor India to raise car prices by up to ₹25,000 across models from January 2025 due to rising costs

Live Mint  

Hyundai Motor India on December 5 said that it will hike prices of all its cars by up to ₹25,000 from January 2025, due to rising costs impacting profitability, according to a Reuters report. “At Hyundai Motor India, our endeavor is always to absorb rising costs to the extent possible, ensuring minimal impact on our customers. About Hyundai Motor India …

Stocks to watch today: Hyundai, Tata Motors, Cochin Shipyard, Eicher Motors
3 weeks ago

Stocks to watch today: Hyundai, Tata Motors, Cochin Shipyard, Eicher Motors

India Today  

Stock markets ended last week with nearly a 1% gain, in a volatile week marking the second consecutive week of advances despite mixed global cues. In today's trade, several stocks, including Eicher Motors, Tata Motors, Hyundai, and Cipla, are expected to be in focus due to recent developments. EICHER MOTORS Eicher Motors shares will likely see activity as the company …

IPOs to get larger after average size more than doubles to ₹2,000 crore this year: Kotak’s S Ramesh
3 weeks, 6 days ago

IPOs to get larger after average size more than doubles to ₹2,000 crore this year: Kotak’s S Ramesh

Live Mint  

Initial public offerings in India are getting bigger, with their average size increasing to almost ₹2,000 crore so far in 2024, more than doubling from the average in 2023, said S Ramesh, managing director and CEO of Kotak Investment Banking. With more large firms and new-age companies looking to list over the next two years, the average IPO size is …

IPO Scorecard: Over 300 stocks debut on Dalal Street in 2024, nearly 70% trade above issue prices
Trending News
3 weeks, 6 days ago

IPO Scorecard: Over 300 stocks debut on Dalal Street in 2024, nearly 70% trade above issue prices

Live Mint  

The year 2024 has emerged as a stellar one for the Indian primary market, witnessing an unprecedented surge in activity. Notably, 133 SME IPOs achieved subscription rates exceeding 100 times, with 23 surpassing an extraordinary 500 times in retail subscriptions, underscoring the massive retail participation in this segment. Reflecting the strong performance of SMEs, 156 IPOs are currently trading above …

Hyundai India struggles to steer past margin woes
1 month ago

Hyundai India struggles to steer past margin woes

Live Mint  

Hyundai Motor India Ltd’s lukewarm stock market debut in October was followed by an equally underwhelming maiden quarterly performance. Read this | Maruti Suzuki banks on SUVs, CNG models to beat demand blues Hyundai India’s management anticipates low single-digit growth in the domestic passenger vehicle industry in FY25, citing a high base for previous year and ongoing near-term macroeconomic challenges. …

Is the IPO craze over? Stock market correction hits public listings
1 month, 1 week ago

Is the IPO craze over? Stock market correction hits public listings

India Today  

India’s IPO market, which has been vibrant with activity in the current financial year, is facing challenges despite a year marked by blockbuster listings. “Regulatory changes by Sebi have curbed speculative buying, and valuations are now scrutinised more closely, leading to a focus on fundamentals rather than hype.” After the excitement generated by this year’s major IPOs, such as Hyundai …

Maruti Suzuki vs Hyundai Motor India shares: Which auto stock to buy after Q2FY25 results?
1 month, 1 week ago

Maruti Suzuki vs Hyundai Motor India shares: Which auto stock to buy after Q2FY25 results?

Live Mint  

Indian stock market has been witnessing an intriguing contest between automobile industry stalwart Maruti Suzuki India and the newly-listed Hyundai Motor India. According to him, the choice between these two would ultimately depend on whether investors are interested in Hyundai Motor India’s technological leadership and premium positioning or Maruti Suzuki’s prospects for growth and value-driven approach. Emkay Global has a …

Swiggy shines. Is the listing day curse of India's 'big' IPOs over?
1 month, 1 week ago

Swiggy shines. Is the listing day curse of India's 'big' IPOs over?

Firstpost  

Swiggy shares listed at a 5.6 per cent premium to its IPO price of Rs 390, making the food delivery giant the first company with issue of over Rs 10,000 crore in the past decade to have listed above the offer price Managing Director and Group Chief Executive Officer of Swiggy, Sriharsha Majety and Managing Director and CEO of National …

Hyundai Motor India profit drops 16% in Q2 as domestic sales, exports fall
1 month, 1 week ago

Hyundai Motor India profit drops 16% in Q2 as domestic sales, exports fall

Live Mint  

New Delhi: Hyundai Motor India Ltd, the country’s second-largest automaker, posted a 16% decline in its second-quarter net profit following its public listing last month, hurt by weak domestic demand and the Red Sea crisis that subdued exports. Domestic sales In the September quarter, Hyundai Motor India saw domestic sales fall 5.7% to 1.49 lakh units, while exports slid 17% …

Hyundai Motor India Share Price Today on 06-11-2024: Hyundai Motor India share price are up by 1.34%, Nifty up by 1.12%
1 month, 2 weeks ago

Hyundai Motor India Share Price Today on 06-11-2024: Hyundai Motor India share price are up by 1.34%, Nifty up by 1.12%

Live Mint  

Hyundai Motor India Share Price Today on 06-11-2024: At 06 Nov 16:00 today, Hyundai Motor India shares are trading at price ₹1853.4, 1.34% up from the previous closing price. On the technical front, the stock is trading above the short term simple moving averages of 5, 10, 20 day as well as longer term moving averages of 50, 100 & …

From Hyundai to Paytm: A look at India’s biggest IPOs that disappointed investors with weak listing
1 month, 2 weeks ago

From Hyundai to Paytm: A look at India’s biggest IPOs that disappointed investors with weak listing

Live Mint  

The primary market in India is abuzz with the much anticipated initial public offering of Swiggy Ltd to be launched on November 6. Many of India’s biggest IPOs, including Hyundai Motor India, Paytm and Reliance Power have resulted in losses for investors. Here’s a look at the five biggest IPOs which faced weak listings: Hyundai Motor India IPO Hyundai Motor …

Four Mainboard IPOs, One SME IPO and One Listing to Keep Dalal Street Buzzing
1 month, 2 weeks ago

Four Mainboard IPOs, One SME IPO and One Listing to Keep Dalal Street Buzzing

Live Mint  

Four mainboard IPOs and one SME IPO are scheduled to take place next week on Dalal Street, with a combined issue size of ₹43,000 crore. The primary market remains abuzz, with six mainboard IPOs launched last month, including the ₹27,870.16 crore Hyundai Motor India IPO. The list of upcoming IPOs includes four mainboard companies and one SME IPO, with a …

21 Stocks Make Dalal Street Debut, With Strong IPO Momentum Despite Volatility
1 month, 4 weeks ago

21 Stocks Make Dalal Street Debut, With Strong IPO Momentum Despite Volatility

Live Mint  

Strong IPO surge continues, with 21 stocks making their debut on Dalal Street in October, despite broader market volatility. Hyundai India's IPO, the country's largest to date, received lukewarm retail interest, highlighting concerns about IPO valuation. However, several other IPOs with large issue sizes have achieved decent listing gains, showcasing the resilience of primary market activity.

Hyundai Motor's IPO: Should You Buy or Hold?
Trending News
2 months ago

Hyundai Motor's IPO: Should You Buy or Hold?

News 18  

Hyundai Motor shares recover after a weak debut on Tuesday. The stock moved up 5.92 per cent to hit a day high of Rs 1,928.15, but closed 6 per cent lower at Rs 1,820 from their listing price on Tuesday. Several brokerage firms have initiated coverage on Hyundai Motor with different price targets, ranging from Rs 1,750 to Rs 2,472. …

Hyundai vs Maruti Suzuki: Which auto stock can drive long-term returns for your portfolio?
2 months ago

Hyundai vs Maruti Suzuki: Which auto stock can drive long-term returns for your portfolio?

Live Mint  

The article compares the long-term prospects of Hyundai Motor and Maruti Suzuki, two major Indian automakers. Hyundai's focus on SUVs and electric vehicles (EVs) offers strong growth potential, while Maruti's dominance in the passenger vehicle (PV) market ensures steady performance. The choice between the two companies depends on individual investment goals and risk tolerance.

Hyundai's IPO Shares Dip, but Strong Demand from Institutions
2 months ago

Hyundai's IPO Shares Dip, but Strong Demand from Institutions

News 18  

Hyundai India's IPO shares trade at a discount, with the IPO price now at 1.5% lower than its initial offering price. The IPO was oversubscribed more than twice, but book-building was slower than anticipated, with retail investors only buying half of the portion that had been reserved for them. The grey market premium for Hyundai IPO has fallen to 2 …

Hyundai Motor India's IPO: A $3.3 Billion Milestone for India's Automotive Landscape
Top News
2 months ago

Hyundai Motor India's IPO: A $3.3 Billion Milestone for India's Automotive Landscape

ABP News  

Hyundai Motor India's IPO opens on Tuesday, marking the largest IPO in India's history. The offering, which valued the Indian unit of South Korea's Hyundai Motor Co. at approximately $19 billion, attracted strong demand from institutional investors but was slower than expected due to retail investors' limited participation. Despite the valuation challenges, Hyundai's IPO raises Rs 27,900 crore, surpassing the …

India accounted for 25% of global IPOs in first half of 2024
3 months ago

India accounted for 25% of global IPOs in first half of 2024

Hindustan Times  

The Initial Public Offering market in India has turned out to be an outlier in itself and is bucking the subdued global public issue trends. A report released by wealth management firm Angel One Wealth noted that while the global IPO market peaked in 2021, India has been the outlier with public listings in the last year because of strong …

IPO: Western Carriers India Sees Muted Response From Investors, Check GMP, Price Band And Other Details
3 months, 1 week ago

IPO: Western Carriers India Sees Muted Response From Investors, Check GMP, Price Band And Other Details

ABP News  

Western Carriers India saw a muted response from investors as the subscription window for the initial public offering continued on its second day of bidding. The company’s IPO includes a fresh issue of equity worth Rs 400 crore and an offer-for-sale of up to 54 lakh equity shares. However, the portion set aside for qualified institutional bidders remained the least …

Bajaj Housing shares double after India’s biggest IPO of 2024: Latest updates
3 months, 1 week ago

Bajaj Housing shares double after India’s biggest IPO of 2024: Latest updates

Hindustan Times  

Bajaj Housing Finance Ltd.’s shares more than doubled in their trading debut after India’s biggest new listing of the year. Bajaj Housing’s IPO debut is benefiting from its parent’s strong brand recall and a history of stellar returns. Bajaj Housing’s IPO debut is also benefiting from its parent’s strong brand recall and a history of stellar returns. Bajaj Housing’s IPO …

Hyundai Motor breaks sales records in India as IPO looms
5 months, 2 weeks ago

Hyundai Motor breaks sales records in India as IPO looms

India TV News  

Hyundai Motor, South Korea's top automaker, achieved record-breaking sales in India during the first half of 2024, according to industry data released on Sunday. According to data from the Federation of Automobile Dealers Associations of India, Hyundai sold 272,207 units in India from January to June this year, up 2 per cent compared to the 266,760 units sold in the …

Ola Electric faces investor pushback on IPO valuation: Report
6 months ago

Ola Electric faces investor pushback on IPO valuation: Report

Hindustan Times  

Ola Electric Mobility, India’s largest electric scooter maker, is facing investor pushback on its targeted valuation for its upcoming IPO, people familiar with the matter told Bloomberg. At this rate, Ola Electric’s current investors may opt not to sell existing shares in the company, the people told Bloomberg. The background Backed by SoftBank Group Corp. and Tiger Global Management, Ola …

Hyundai: India’s biggest IPO could come from South Korean car manufacturer
6 months ago

Hyundai: India’s biggest IPO could come from South Korean car manufacturer

CNN  

Hyundai Motor’s India unit sought regulatory approval on Saturday for a stock market listing in Mumbai, which could be the nation’s biggest and will see the South Korean parent sell a stake of up to 17.5% in the company. Hyundai, India’s second-biggest car maker behind Maruti Suzuki, will not issue new shares in the IPO, which will involve its South …

IPO: Godavari Biorefineries Submits Draft Papers With SEBI For Maiden Offer
6 months, 1 week ago

IPO: Godavari Biorefineries Submits Draft Papers With SEBI For Maiden Offer

ABP News  

Godavari Biorefineries Ltd submitted the draft papers for its maiden initial public offering with the Securities and Exchange Board of India. The firm, involved in manufacturing of ethanol-based chemicals, sought approval from the regulator for the fresh listing and filed a draft red herring prospectus to capitalise funds via the offering. The firm’s maiden offer comprised a fresh issue of …

Hyundai Motor files for IPO of almost $3 billion, likely India's biggest
6 months, 1 week ago

Hyundai Motor files for IPO of almost $3 billion, likely India's biggest

Hindustan Times  

South Korean automaker Hyundai Motor's Indian arm filed preliminary papers with Sebi for its initial public offering in which the company will sell 142.2 million shares, as per a draft red herring prospectus. Through the IPO, the automaker is seeking to raise around $3 billion in the IPO, with a potential listing planned by the end of the year, Bloomberg …

Hyundai Motor India files paper to raise Rs 25,000 crore via IPO
6 months, 1 week ago

Hyundai Motor India files paper to raise Rs 25,000 crore via IPO

New Indian Express  

NEW DELHI: South Korean automaker Hyundai Motor India is said to have filed draft papers for an initial public offering for its India unit ) with capital markets regulator SEBI on Friday. According to reports, Hyundai is likely to sell 14.2 million shares or 17.5% stake in order to raise Rs 25,000 crore via this IPO which also will be …

Ola electric to raise Rs.7,250 crore IPO, receives SEBI approval
6 months, 1 week ago

Ola electric to raise Rs.7,250 crore IPO, receives SEBI approval

Hindustan Times  

Electric vehicle maker, Ola Electric has received approval from SEBI for a Rs.7,250 crore IPO, according to sources who did not wish to be named, Moneycontrol reported. Ola Electric's S1 Air e-scooters are pictured inside its manufacturing facility in Pochampalli in the southern state of Tamil Nadu Ola Electric was the first-ever Indian EV two-wheeler maker to file for an …

Hyundai Motor India To File DRHP With SEBI For Potential $2.5-Billion IPO
6 months, 1 week ago

Hyundai Motor India To File DRHP With SEBI For Potential $2.5-Billion IPO

ABP News  

Hyundai Motor India IPO: Hyundai Motor India's unit is preparing to file a draft red herring prospectus with the Securities and Exchange Board of India within the next two weeks, according to a report by the Economic Times. If successful, Hyundai Motor India's IPO could be among the largest in Indian history, potentially raising nearly $2.5 billion, as estimated by …

Hyundai Motor IPO: Auto Major Enlists Major Banks For Potential Listing Of Indian Unit
6 months, 3 weeks ago

Hyundai Motor IPO: Auto Major Enlists Major Banks For Potential Listing Of Indian Unit

ABP News  

Hyundai Motor IPO: The automobile firm has engaged Kotak Mahindra Bank Ltd. and Morgan Stanley as advisers for a potential initial public offering of its Indian subsidiary, according to sources familiar with the matter told news agency Bloomberg. Bloomberg News has reported that the offering could generate around $2.5 billion for Hyundai Motor India Ltd., the country’s second-largest car manufacturer. …

Hyundai Motor Group to make India a global export hub: Says the chief
7 months, 4 weeks ago

Hyundai Motor Group to make India a global export hub: Says the chief

India TV News  

Hyundai Motor Group's chief visited India recently and laid out a vision to bolster its operations there to utilise the country as a key export hub for the South Korean automaker. Euisun Chung, Hyundai Motor Group's executive chair, visited the group's Indian headquarters in Gurugram, Haryana on Tuesday and discussed medium- to long-term strategies for the Indian market with employees. …

Popular Vehicles and Services IPO listing: GMP, details ahead of debut today
9 months ago

Popular Vehicles and Services IPO listing: GMP, details ahead of debut today

Hindustan Times  

Popular Vehicles and Services IPO: Popular Vehicles and Services IPO listing date has been scheduled for March 19. Popular Vehicles and Services IPO: The IPO consisted of a fresh issue of ₹ 250 crore as well as an offer-for-sale. Popular Vehicles and Services IPO subscription As per BSE data, the subscription status for the Popular Vehicles IPO was 1.23 times …

Hyundai Motor IPO: Automaker Still Undecided On Listing Indian Subsidiary
10 months, 2 weeks ago

Hyundai Motor IPO: Automaker Still Undecided On Listing Indian Subsidiary

ABP News  

Hyundai Motor Corporation announced on Wednesday that it has yet to reach a decision regarding the listing of its Indian subsidiary. According to the previous report, the Hyundai Motor India IPO was slated to be launched around Diwali, spanning between September and November this year. In a regulatory filing, Hyundai Motor stated, "As a global company, we constantly review various …

Hyundai’s ongoing, future investment in India now stands at Rs 33,000 crore
11 months ago

Hyundai’s ongoing, future investment in India now stands at Rs 33,000 crore

New Indian Express  

NEW DELHI: Hyundai Motor India’s proposed investment in India now stands at over Rs 33,000 crore as the Korean auto giant in the past few days has committed two fresh investments- Rs 6,180 crore in Tamil Nadu and Rs 7,000 crore in Maharashtra. This is in addition to the already announced investment of Rs 20,000 crore towards capacity expansion, new …

What is driving IPO rush in Indian equity market?
1 year ago

What is driving IPO rush in Indian equity market?

Live Mint  

The Indian equity market is witnessing a tidal wave of initial public offerings, with companies eager to ride the crest of investor optimism and a robust economy. “Corporates, promoters and PE players are taking advantage of buoyant market sentiments and healthy short to medium-term equity market outlook to mobilise equity capital from the public,” said Sunny Agrawal, Head of Fundamental …

Inox India IPO: Here are 10 things to know before subscribing to the issue
1 year ago

Inox India IPO: Here are 10 things to know before subscribing to the issue

Live Mint  

The initial public offering of Inox India will open for subscription on December 14 and will close on December 18. And you know, since exports is a very, very core component of, our strategy going forward to being a publicly listed company certainly will help us as we try and gain market share in the global economy in cryogenics.” INOX …

Tata Tech expects robust demand from EV and aviation, says CEO
1 year, 1 month ago

Tata Tech expects robust demand from EV and aviation, says CEO

Live Mint  

Mumbai: IPO-bound Tata Technologies expects a bump in demand from Tata Group anchor clients Jaguar Land Rover and Tata Motors in the near term, Warren Harris, chief executive of Tata Technologies Ltd said in an interview. “That will provide demand, and although we have reduced the contribution from Tata Motors and JLR, over the last 10 years, we think that …

Tata Technologies IPO: What this issue means for Tata Motors shareholders?
1 year, 9 months ago

Tata Technologies IPO: What this issue means for Tata Motors shareholders?

Live Mint  

Tata Technologies IPO: Tata Technologies filing papers with the market regulator SEBI led to surge in Tata Motors shares on Friday despite weak sentiments on Dalal Street. So, Tata Motors is expected to reap big gains from the Tata Technologies IPO and hence market has gone highly bullish on Tata Motors shares. For Tata Motors, Tata Technologies IPO is going …

Tata Technologies files IPO papers with Sebi
1 year, 9 months ago

Tata Technologies files IPO papers with Sebi

Live Mint  

Tata Technologies IPO: Tata Technologies Ltd, a global product engineering and digital services company, is set to make its initial public offering debut, after having filed a draft red herring prospectus with the Securities and Exchange Board of India. We wish to inform you that Tata Technologies Limited, a subsidiary of Tata Motors Limited, has informed the Company that it …

India’s electric vehicle market grew 223% in 2022
1 year, 10 months ago

India’s electric vehicle market grew 223% in 2022

The Hindu  

India’s electric vehicle market grew 223% in 2022, adding around 48,000 EVs, according to market analyst firm Canalys. “The overall sentiment around the auto industry remained strong in India during 2022, propelled by pent-up demand and rising consumer buying power,” said Ashwin Amberkar, Canalys Automotive Analyst. Hyundai, placed second in the Indian car market after Maruti, has already launched its …

India is 3rd biggest auto market now. What do the numbers reveal?
1 year, 11 months ago

India is 3rd biggest auto market now. What do the numbers reveal?

Live Mint  

The automobile sector, which was bogged down for months by the semiconductor shortage last year, is slowly coming out of the woods with easing supply-chain constraints. With vehicle sales topping 4.5 million in 2022, India became the world’s third-largest automotive market, beating Japan, Nikkei Asia reported earlier this month. Budget may put India's missing middle in Ayushman Bharat UPI for …

Electronics Mart India shares make strong market debut, list at premium
2 years, 2 months ago

Electronics Mart India shares make strong market debut, list at premium

Live Mint  

Shares of Electronics Mart India Ltd made a strong stock market debut on Monday with the stock listing at ₹90 apiece on the NSE, a premium of more than 52% as compared to its IPO issue price of ₹59 per share. The initial public offering of consumer durables retail chain Electronics Mart India received 71.93 times subscription on the final …

Electronics Mart India IPO: Latest GMP ahead of share allotment
2 years, 2 months ago

Electronics Mart India IPO: Latest GMP ahead of share allotment

Live Mint  

The initial public offering of consumer durables retail chain Electronics Mart India received 71.93 times subscription on the final day of offer last week on Friday. As per market observers, Electronics Mart India shares are commanding a premium or grey market premium of ₹24 in the grey market today. The finalization of basis of share allotment of Electronics Mart India …

Electronics Mart IPO: Check GMP on final day as investors rush to subscribe
2 years, 2 months ago

Electronics Mart IPO: Check GMP on final day as investors rush to subscribe

Live Mint  

The Initial Public Offering of Electronics Mart India Ltd received 7.57 times subscription on the second day of offer on Thursday, after being fully subscribed on the first day on Tuesday. The Electronics Mart India IPO consists of a fresh issue of equity shares aggregating to ₹500 crore, with no offer for sale component with the price range for the …

How Maruti sped past Hyundai in global race
2 years, 3 months ago

How Maruti sped past Hyundai in global race

Live Mint  

For a first-time Indian visitor to Johannesburg, there is much that is new and striking—from its swanky cafes and art galleries to wildlife parks and the grime of its shanty towns. The compact SUV is manufactured in Maruti Suzuki India Ltd’s Haryana factory —and shipped nearly 10,000 km away to South Africa, where it has quickly become a bestseller. “Our …

India’s biggest IPO opens in midst of volatile markets
2 years, 7 months ago

India’s biggest IPO opens in midst of volatile markets

Al Jazeera  

Through the IPO of state-run LIC, India expects to raise $2.7bn from the sale of a 3.5 percent stake. State-owned Life Insurance Corporation’s $2.7bn IPO, India’s largest, has opened to subscriptions from retail and other investors following strong demand from anchor investors led by domestic mutual funds. The Indian government expects to raise the sum, just a third of its …

Hyundai plans 6 EVs by 2028, to invest ₹4,000 cr.
3 years ago

Hyundai plans 6 EVs by 2028, to invest ₹4,000 cr.

The Hindu  

Hyundai Motor India plans to invest about ₹4,000 crore for research and development over the next seven years as it looks to roll out six new electric vehicles in India by 2028. “We will be investing ₹4,000 crore for R&D towards expansion of our Battery Electric Vehicle line-up to six vehicles for the Indian Market by 2028,” S.S. Kim, MD …

Discover Related