After a bout of torrential rain, Dubai has bounced back like no other city, with automotive events being organised in full swing and big announcements being made
auto50 minutes ago
HSBC offered 19.6 million shares in Axis Bank for 950.9-970.9 rupees each and 16.8 million shares in Yes Bank for 318.1-324.8 rupees per share through its Mauritius subsidiary, the term sheet said.
Shares in both banks were being sold through HSBC’s Mauritius subsidiary at discounts of 3 to 5 percent to their closing price on Wednesday, the term sheet said.
Goldman Sachs and HSBC are joint bookrunners for the sales.
Global institutional investors have been cashing in their holdings in Indian financial services firms.
Earlier this year, Citigroup sold its stake in top Indian mortgage lender Housing Development Finance Corp for $1.9 billion, while U.S. private equity firm Warburg Pincus sold its stake in Kotak Mahindra Bank Ltd to raise about $274 million.
After a bout of torrential rain, Dubai has bounced back like no other city, with automotive events being organised in full swing and big announcements being made
auto50 minutes ago
Sounds of prayer 'hallelujah…praise the lord' filled the air as part of a religious ceremony marking the soft opening of the facility
uae57 minutes ago
Afghanistan rulers are absent at the UN Human Rights Council meeting as Taliban are not recognised by the global body
asia1 hour ago
A recognition reaffirms Alaan's status as a leader in the corporate card and expense management sector in the Middle East
kt network1 hour ago
The deluge cut off a road, uprooted trees, washed away homes and sent vehicles flying
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The Gulf countries have been working on the unified tourist visa – similar to Schengen-style visa – for over one year
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Renowned French pastry chef Angelo Musa, who recently introduced two dining concepts in Dubai, shares tips on how to excel in pastry art
entertainment1 hour ago
Sheeraz was generous in giving realistic and practical insights on how fame can completely change the trajectory of one’s career and brand
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