ICICI Prudential Asset Management's IPO saw a strong subscription, indicating a likely firm market debut with potential listing gains of 10-20%. Analysts suggest the stock could list above 2,500, with some assigning a 'Buy' rating and a price target of 3,000. The company's strong fundamentals and industry tailwinds support long-term growth prospects.
Bharti Airtel's board has approved calling the remaining 15,740 crore from a rights issue. This move aims to cut debt and strengthen the company's balance sheet. The board also approved a top management rejig. Shashwat Sharma will become the new CEO from January 1. Gopal Vittal will transition to executive vice chairman. Akhil Garg is the new CFO.
TikTok has signed a deal to sell its U.S. business to three American investors Oracle, Silver Lake and MGX ensuring the popular social video platform can continue operating in the United States.
On Monday, the South Shore Line began running a two-car train along the new rail line to start testing and conditioning, so bugs can be worked out before passenger service is set to start in March, President and General Manager Michael Noland said Tuesday.
The specter of losing federal funding has already driven some Chicago area hospital systems to scale back gender-affirming care for minors. But a few hospitals have held out.
