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.

Kia India Unveils Sketches of Its Revolutionary new SUV

Leasing of retail space in shopping malls and prominent high streets dropped 1 per cent to 1.63 million square feet during July-September across top eight cities, according to Cushman and Wakefield. The leasing stood at 1.63 million square feet in the year-ago period. Real estate consultant Cushman and Wakefield on Thursday released its Q3-2024 'Retail MarketBeat' report, which highlighted a sustained momentum across India's main streets, leading retail growth across the top 8 cities.

The Ministry of Statistics and Programme Implementation (MoSPI) on Friday said it has advanced the release of macroeconomic data Gross Domestic Product (GDP) estimates by about 90 mins to 4 pm. As per the current practice, the press releases of GDP are scheduled at 5.30 pm on the specified release dates, a MoSPI statement said.

The exodus of foreign investments from Indian equity markets continued unabated, with FPIs pulling out nearly Rs 20,000 crore in the last five trading sessions on higher valuations of domestic stocks and shifting their allocation to China. As a result, foreign portfolio investors (FPIs) have turned net sellers in the equity market, with total outflows reaching Rs 13,401 crore for 2024 so far. Going ahead, the FPI selling trend is likely to continue in the near term till data indicate the piossibility of a trend reversal.

'The problem is that the bubble may not only be in valuations, but also in investors' minds.'

The Supreme Court on Monday dismissed a plea filed by Sebi against a Securities Appellate Tribunal order which set aside the penalty imposed by the market regulator on RIL chairman Mukesh Ambani and two other entities in a case related to alleged manipulative trading in shares of the erstwhile Reliance Petroleum Ltd (RPL) in November 2007. A bench of Justices J B Pardiwala and R Mahadevan said it was not inclined to interfere with the order passed by SAT.

Sedans and hatchbacks have both lost market share to SUVs, which now account for more than 50% share of the 4 million-odd-unit PV market in the country.

After experiencing an 11 per cent contraction in exports in 2023-24 (FY24) due to a dip in exports for 10 consecutive months from April to January, the Tiruppur textile industry is back on track in 2024-25 (FY25). The cluster, which contributes 55 per cent of the country's total knitwear exports, posted a 13 per cent increase in the first five months of this financial year (FY25), with August seeing a 22 per cent rise - the highest in over two years.

The stock of the country's largest plastic pipe maker Supreme Industries has shed 22 per cent since its highs in October. The September quarter results were below expectations as the volatility in polyvinyl chloride (PVC) resin prices led to a major destocking across the trade channel.

Dabur's performance in the July-September quarter of the current financial year (Q2FY25) was weak but in line with consensus. Consolidated revenue declined 5 per cent year-on-year (Y-o-Y) due to a temporary adjustment in General Trade (GT) inventory. Indian revenue declined 7.6 per cent, while international business grew 13 per cent Y-o-Y in constant currency (CC) terms.

This comes as the neighbouring country strengthens defence ties with Gulf and Western European countries, and its long-standing ally Turkiye, the officials said.

'If you can have Rampur flown magically to Pakistan's borders, I might ask the nawab to accede to Pakistan. Else, I'm afraid we have no choice in the matter but to join India.'

Naseeruddin Shah says it is premature to celebrate the present ‘new wave’ in cinema

Geetha Vazhachal, tribal chieftain, talks about life in her ooru and how the Athirapally Hydel Project will impact the lives of tribals forever

The self-defence programme equips girls in rural schools with an extra skill

After co-working spaces, co-living is the new buzzword.

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

Meet the Star Runners at The Wipro Chennai Marathon

Blue Rose is a musical short film by techies of Infosys

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

These two stalls at Anna Nagar’s Uzhavar Sandhai have created their own niche in Tiruchi

The Madras Players presented a haunting portrayal of Tamil playwright Komal Swaminathan’s play Thanneer Thanneer

Rajini or Kamal’s success will further reinforce the Tamil voter as one who prefers spectacle to reality