South Korea’s LG Electronics Inc. has picked banks for a potential initial public offering of its Indian business that could raise as much as $1.5 billion, according to people familiar with the matter. LG has tapped banks including Bank of America Corp., Citigroup Inc., JPMorgan Chase & Co. and Morgan Stanley as arrangers for an IPO that may take place as early as next year, the people said. LG...
Automaker Ford, who is set to enter Indian market again, on Friday announced intention to repurpose its Chennai plant for manufacturing vehicles aimed at export markets as part of its Ford+ growth plan by submitting Letter of Intent to the Government of Tamil Nadu. The Chennai facility will be repurposed to concentrate on manufacturing for global markets. The 'Make in Chennai' plans emerge after Chief...
Gold: The Evergreen Investment Every Portfolio Needs 14 Sep 2024 - New Delhi (Author : Alok Kumar is chief Investment Consultant of Investcraft) When it comes to investing, it’s important to spread your money across different types of assets to reduce risk. While stocks, bonds, and real estate are common choices, there's one asset that has been a trusted investment for thousands of years:...
Why You Should Think Twice Before Acting on Social Media Stock Recommendations In today’s digital age, social media has become a powerful platform for sharing information, and that includes investment advice. Platforms like Twitter, Instagram, and Facebook are rife with influencers and content creators offering stock recommendations and financial tips. While this can be enticing, it’s crucial to...
HCL Tech, Infosys, Wipro, and Adani Group, among others, are the top Indian firms that have made it to TIME's World's Best Companies list. Topping among Indian companies to feature in the TIME's list was HCL Tech at the 112 position, followed by Infosys at the 119 position, and Wipro at 134 position. The next Indian firms to feature in the list are - Mahindra Group, Axis Bank, State Bank of India, ICICI...
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