The 839-crore Transrail Lighting issue, priced at 410-432 per share, received 80.8 times bids. The IPO consisted of a fresh equity issue worth 400 crore and OFS of 1.01 crore shares by promoter Ajanma Holdings.
The Volatility Index or VIX - the market's fear gauge - plunged 10.3% to 13.52 on Monday, suggesting traders see lesser risks in the near term. But, it may be too early to confirm the uptrend, said some analysts.
The San Francisco Bay Area has the highest concentration of jobs that pay more than $500,000, "vastly outranking" other major cities. One in 48 jobs in the Bay Area pays $500,000 or more, nearly double the share in Austin, Texas, which has the second highest concentration.
More and more wellness retailers are appealing straight to consumers and hoping theyll spend their FSA dollars on a growing list of products and services that go beyond traditional health expenses.
Bangladesh, under Muhammad Yunus, is working with Pakistan to revive the South Asian Association for Regional Cooperation (Saarc). This move comes as India focuses on Bimstec. Pakistan is influencing Bangladesh's administration to pressure India. Saarc has been inactive due to Pakistan's refusals on connectivity initiatives and cross-border terrorism issues. India skipped the last Saarc summit due to security concerns.
Taleb al-Abdulmohsen, a Saudi-born psychiatrist, drove into a Christmas market in Magdeburg, killing and injuring many people. Saudi Arabia had warned Germany about him several times, but German authorities did not act. This incident has raised concerns about intelligence sharing and security measures in Germany and has sparked debate ahead of the federal elections.
Japanese automakers Honda and Nissan have announced plans to work toward a merger that would form the worlds third-largest automaker by sales, as the industry undergoes dramatic changes in its transition away from fossil fuels.
Century-old department store Nordstrom has agreed to be acquired and taken private by Nordstrom family members and a Mexican retail group as the industry is being squeezed by discount chains and other competition.
The House Ethics Committee found evidence that former Representative Matt Gaetz paid women for sex or drugs, including a minor in 2017. The committee's report highlights multiple violations of House Rules and state laws. Gaetz denied any wrongdoing and claimed he was not given an opportunity to respond to the report before its release.
