Lulu Retail announced on Wednesday that its initial public offering (IPO) was oversubscribed 25 times across all tranches, excluding cornerstone investors, generating demand exceeding $37 billion-a record for a private sector IPO in the United Arab Emirates. The company is controlled by Kerala-based business tycoon MA Yusuff Ali. The final offer price for Lulu shares was set at AED 2.04 per share, raising a total of $1.72 billion (AED 6.32 billion), making it the largest IPO in the UAE in 2024 to date.

A Competition Commission probe has found that food delivery platforms Zomato and Swiggy indulged in unfair business practices, including alleged preferential treatment to some restaurant partners, according to sources. The detailed investigation was ordered by the Competition Commission of India (CCI) in April 2022 and the probe report was submitted to the regulator earlier this year. Under the norms, CCI director general's report has been shared with the parties concerned and later, they will be called for hearings by the watchdog.

Life insurance companies reported a 13.16 per cent year-on-year (Y-o-Y) growth in new business premium (NBP), totting up Rs 30,347 crore in October, even as the number of policies sold saw a sharp decline. The growth was largely driven by strong performance from private sector life insurers.

'While investors need to be prepared for making some losses, they should not lose big money chasing euphoria amid fear of missing out.'

India's industrial production expanded by 3.1 per cent in September, mainly due to improvement in the manufacturing sector, according to official data released on Tuesday. The factory output, measured in terms of the Index of Industrial Production (IIP), witnessed a growth of 6.4 per cent in September 2023.

Abdullah said if the terrorists think they can establish Pakistani writ in Jammu and Kashmir by indulging in such acts, they are mistaken.

The assailants believed to be Pakistani terrorists, meticulously studied the site layout before executing their plan.

In “India Conquered”, Jon Wilson demystifies the British rule in India

When SUSAN MUTHALALY decided to try Baby-Led Weaning and relinquish control of mealtimes to her seven-month-old, she was amazed at his adventurous palate

In her new avatar, graphic artist Simi Raghavan finds herself as a successful illustrator of colouring books for adults

A victim of ‘beardism’, VISHAL MENON finds all is fine and dandy during no-shave November

Living Smile Vidya on bagging the Karnataka State Film Award for Naanu Avanalla…Avalu

As Chennai gears up for Margazhi magic, NAVEENA VIJAYAN discovers a thriving culture for Western contemporary music in the city

Celeb stylist Kalyani Desai turns designer with the label Not Just Black

Youth influencer Ablu Rajesh Kumar uses his prosthetic legs to re-interpret every act in life and on Independence Day, he set a world record

'Everything about farming is enjoyable and relaxing.'

'I don't think it's too late.'

'While investors need to be prepared for making some losses, they should not lose big money chasing euphoria amid fear of missing out.'

'The border deal offers a hedge for India against Trump's unpredictability when it comes to his approach to competition with China.'

India could finally have a driver on the F1 grid after 13 long years.

Lionel Messi has more than proven his worth for the league and his team at a vitally important time for the sport in North America, where the FIFA World Cup will be staged in 2026.

Arjun Deshwal capped off an exceptional solo performance to lead Jaipur Pink Panthers to a 39-32 win over Bengaluru Bulls in the Pro Kabaddi League (PKL) in Noida on Tuesday.

The fund manager sees opportunities in sectors such as education and microfinance.

The post We are betting on the Indonesian consumer story: Northstar co-founder Walujo appeared first on DealStreetAsia.

Over time, buyout funds with multiple, scaled-up businesses in diverse sectors under their control, will begin to look similar to diversified conglomerates.

The post Buyout funds will become the new conglomerates: EY’s Soni appeared first on DealStreetAsia.

Fink welcomed the recent number of failed IPOs, calling it a reset of a bubble.

The post I’m a big believer in Masa Son, says BlackRock chief Larry Fink appeared first on DealStreetAsia.

The digital telco firm is also looking to enter new markets.

The post Warburg-backed Circles.Life wins slice of telco pie, targeting incumbents’ legacy systems appeared first on DealStreetAsia.

Grab Ventures chief Chris Yeo said the venture unit continues to see opportunities to partner with startups in SEA.

The post Grab Ventures bets on Vietnam with launch of accelerator appeared first on DealStreetAsia.

SNOWPLUS, which recently raised $125 million, is seeking to grow in SE Asia, Europe and the US.

The post Vaping startup SNOWPLUS says unfazed by COVID-19, Beijing crackdown appeared first on DealStreetAsia.

The firm's CEO Sameer Nigam speaks about turning profitable, synergies with Flipkart and operations during pandemic.

The post India: PhonePe aims to be profitable by 2022, go public in 2023 appeared first on DealStreetAsia.

Is India’s first IPO of a credit card issuer an opportunity with boundless prospects or a victim of arrested development?

The post SBI Cards betting on millennial-driven growth story in upcoming share sale appeared first on DealStreetAsia.

Chris Lane of Sanford C. Bernstein says WeWork can have a bright future if SoftBank overhauls the business plan.

The post SoftBank’s Son may still have the last laugh on WeWork deal: Bernstein appeared first on DealStreetAsia.

Probes by the U.S. Justice Department and the SEC have given SoftBank an excuse to go back and renegotiate a deal with The We Company's existing shareholders.

The post Neumann could be cornered as SoftBank has second thoughts about WeWork appeared first on DealStreetAsia.

Omise dominates in Thailand thanks to its extensive relationships, but other markets pose more of a challenge.

The post Thai fintech startup Omise is betting on blockchain to cash in on e-commerce growth appeared first on DealStreetAsia.

The total cost of the project is estimated at $285 million.

The post IFC mulls $60m financing for Indorama’s Uzbekistan cotton farm project appeared first on DealStreetAsia.

Modeste, Previste Using Bezier Curve analysis in context of Expression Analysis., 2019 . In ICASSP. (In Press) [Conference paper]

Tentatively, parts of Europe are emerging from lockdown, with France and Belgium joining the list of countries easing measures on Monday, amid fears of a second coronavirus wave.