The central bank summoned Ant executives over the weekend and told them to 'rectify' the company’s lending, insurance and wealth management services, the People’s Bank of China said.
The 34% jump in Xiaomi's third-quarter revenue was driven mostly by troubles at Huawei, which has been hit by US sanctions. Its internet business also remains lackluster.
The company is currently planning to price its IPO on 9 December. Ahead of it, the home-rental platform and some shareholders are offering 51.9 million shares at $44-$50 apiece.
The company and existing holders including Fosun Pharma Industrial Pte. are selling as many as 43.2 million shares for anywhere between Rs 1,490-1,500 each.
Ant Group stopped taking orders from big investors a day earlier than planned due to great demand. But a smash-hit IPO doesn’t always translate into a long-term winner for investors.
Ma's Chinese fintech giant is one of the most hotly anticipated IPOs in years, on course to make history by surpassing Saudi Aramco’s record $29 billion share sale in 2019.
Sales of Dabur's flagship Chyawanprash rose 700% last quarter from the previous 3 months, said Gaurav Burman who runs his family office, which oversees about $1.5 billion in assets.
A theme has not yet emerged for BJP & people see lack of a contest, which makes it unexciting. For all these reasons, 2024 is turning out to be an unexpectedly theme-less election.
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