Related News

Tesla awards Musk $29 billion in shares with 2018 pay package in limbo

Tesla CEO Elon Musk was awarded an interim pay package of 96 million shares of the company over the weekend. The shares would be worth about $29 billion. Tesla stock

India becomes world’s 5th largest aviation market with 241 million flyers in 2024; Mumbai-Delhi ranks among busiest global air routes: IATA data

India has emerged as the world’s fifth largest aviation market, handling 241 million passengers in 2024, while the Mumbai–Delhi route ranked 7th among the world’s busiest airport pairs, according to

Legal AI startup Harvey hits $100 million in annual recurring revenue

Harvey co-founders Winston Weinberg and Gabe Pereyra Courtesy of Harvey Artificial intelligence startup Harvey on Monday announced it has reached $100 million in annual recurring revenue, or ARR, just three

Baidu plans to expand its robotaxis to Europe with Lyft deal

Baidu will bring its driverless taxis to Europe next year via a partnership with U.S. ridehailing firm Lyft, as the Chinese tech giant looks to expand its autonomous vehicles globally.

New residential complex for MPs in Delhi ready! Large flats with 5 bedrooms, offices to have more space than Type-VIII Lutyens’ bungalows

Prime Minister Narendra Modi will inaugurate a new residential complex in August on Baba Kharak Singh Marg, featuring 184 large and spacious flats for Members of Parliament, partially addressing the

PAN 2.0 rollout update: LTIMindtree bags Income Tax Department project; all services to unify in 18 months

The Income Tax Department has awarded the PAN 2.0 modernisation contract to IT services major LTIMindtree, with the new system is expected to go live within 18 months, PTI reported

LG India gets Sebi nod for Rs 15,000-crore IPO

Word Count: 461 | Estimated Reading Time: 3 minutes

NEW DELHI: LG Electronics India, a subsidiary of the South Korean chaebol LG, has received markets regulator Sebi’s approval for its Rs 15,000 crore initial public offering (IPO), people familiar with the matter said on Thursday.
This will be the second South Korean company to tap the Indian stock market following the listing of Hyundai Motors India in Oct last year.
In Dec, LG Electronics India filed preliminary papers with Sebi for an IPO wherein the parent company will sell over 10.2 crore shares, amounting to a 15% stake. It did not disclose the total issue size, but they said the pegged IPO size is Rs 15,000 crore.
Since the public issue is completely an offer for sale, LG Electronics India will not receive any IPO proceeds. The funds raised will go to the South Korean parent.

Source link