India
The Indian unit of South Korea’s Hyundai Motor Co. has submitted a request for an initial public offering (IPO) to India’s financial regulatory body, marking a significant milestone for the car manufacturer on Dalal Street, Mumbai’s equivalent of Wall Street. This move comes more than twenty years after Hyundai first entered the Indian market. Details of the IPOAccording to the draft red herring prospectus filed with the Securities and Exchange Board of India (SEBI) and reviewed by NDTV Profit, Hyundai Motor India Ltd.’s (HMIL) IPO includes an offer of 142 million shares, representing a 17.5% ...
Invezz
Starting with the revolutionary concept of delivering grocery items within minutes, Zomato-owned Blinkit, the market leader in India’s ‘quick-commerce’ (Q-commerce) industry, has broadened its service range. Today, Blinkit delivers not only groceries but also mixer-grinders, ceiling fans, and even printouts of important documents, all with remarkable speed. This expansion into diverse product categories highlights the intense competition within the $2.8 billion market, with rivals like Swiggy’s Instamart and Zepto also vying for a larger market share. Significant investments drive rapid growth...
Invezz
South Korean auto giant Hyundai Motor Co’s Indian arm, Hyundai Motor India Limited, is gearing up to file draft papers with market regulator Sebi to raise around $3 billion via an initial public offer (IPO), according to multiple sources. The targeted valuation for the IPO is between $18 billion and $20 billion, which could make it the largest IPO in India’s history. Potential record-breaking IPOIf the listing plans are successful, it will surpass the previous record set by the state-owned Life Insurance Corporation (LIC) of India’s $2.7 billion listing in 2022. “The plan is for the e-filing o...
Invezz
Leaders of advanced economies are gearing up for the annual Group of Seven (G7) meeting in Italy, set against a backdrop of ongoing wars in Europe and the Middle East, and increasing competition between the West and China. The summit, hosted in the picturesque region of Apulia, will take place from June 13 to 15 at Borgo Egnazia, a luxury resort. This marks the 50th G7 Summit. Who is coming to G7 summit?The G7 includes the United States, Canada, Germany, France, Italy, Japan, and the United Kingdom. Leaders from each of these countries will attend, along with the chiefs of the European Council...
Invezz
Al menos 41 personas murieron en un incendio que arrasó un edificio que albergaba a trabajadores en Kuwaita primera hora del miércoles. Según informaron las autoridades, el fuego se pudo producir por infracciones de las normas. El ministro del Interior, el jeque Fahad Al-Yousuf Al-Sabah, confirmó el número de víctimas y ordenó la detención del propietario del edificio durante una visita al lugar, informaron los medios de comunicación locales. Según los informes, decenas de trabajadores vivían en el edificio, situado en el distrito meridional de Mangaf, sin indicar su nacionalidad. Kuwait, como...
Euronews (Spanish)
La Universidad de Oxford ha accedido a devolver a la India una escultura de bronce de 500 años de antigüedad de un poeta y santo hindú, según informó el Museo Ashmolean de la universidad. La Alta Comisión de la India en el Reino Unido reclamó hace cuatro años la figura de bronce de Thirumankai Alvar, que supuestamente fue saqueada de un templo. Vijay Kumar, cofundador de India Pride Project, que trata de recuperar objetos religiosos robados, dijo que los fieles tienen algo por lo que alegrarse. "Hemos visto retrasos en el COVID y dramas procesales entre las autoridades británicas e indias en l...
Euronews (Spanish)
Jammu (Inde) (AFP) - Les hommes armés qui ont attaqué dimanche soir un bus de pèlerins hindous au Cachemire sous administration indienne ont continué à tirer pendant plusieurs minutes même après la chute du véhicule dans un ravin, ont raconté mardi des survivants traumatisés de l'attaque, qui a fait neuf morts. "Des balles ont d'abord atteint un pneu du bus et il s'est écrasé contre un arbre. Ma tête s'est coincée sous le siège devant moi", a raconté Palit Gupta, une jeune fille faisant partie des 33 personnes blessées. "Mon papa m'a sortie alors que je pleurais et que je criais +sauvez-moi+",...
AFP (Français)
Oxford University has agreed to return a 500-year-old bronze sculpture of a Hindu poet and saint to India, the university's Ashmolean Museum said. The Indian High Commission in the UK made a claim four years ago for the bronze figure of Tirumankai Alvar that was allegedly looted from a temple. Vijay Kumar, co-founder of India Pride Project, which seeks to reclaim stolen religious artifacts, said worshippers have something to cheer. “We saw COVID delays and procedural drama between British and Indian authorities on what should have been an open and shut case,” Kumar told the Times of India. ”Bu...
Euronews (English)
By BOOM FACT Check Team Claim: A video showing Janata Dal (United) leader Nitish Kumar meeting with leaders of the INDIA bloc is viral as a meeting that took place after the recently concluded Lok Sabha elections. Fact: BOOM found that the viral video is from April 2023, when Kumar's JD(U) was part of the INDIA bloc. Kumar left the INDIA bloc to join the National Democratic Alliance ahead of the Lok Sabha elections in January 2024. Tools used: Looking through the posts on X, BOOM found many users suggesting that the video is old, and shows a meeting that took place while Kumar was with the IND...
BOOM Live
Narendra Modi prestó juramento el domingo para un raro tercer mandato consecutivo como primer ministro de India, apoyándose en sus socios de coalición después de que su partido no obtuviera la mayoría parlamentaria en un sorprendente resultado. Modi y los ministros de su gabinete prestaron juramento ante el presidente Droupadi Murmu en el palacio presidencial indio de Rashtrapati Bhavan, en Nueva Delhi. El popular pero polarizador líder, de 73 años, es el segundo primer ministro indio, después de Jawaharlal Nehru, que conserva el poder para un tercer mandato de cinco años. Su partido nacionali...
Euronews (Spanish)
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