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Saudi Aramco in talks with banks about IPO

Tuesday, August 20, 2019, 8:07 AM

Saudi Aramco asked several banks to bid for roles in its possible initial public offering, people familiar with the matter told CNBC on Monday. An IPO of the state-controlled oil company has been a longtime goal of Saudi Arabia's Crown Prince Mohammed bin Salman, who values the company at around $2 trillion. The state-owned oil company would be the world's biggest IPO.
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No extension in BSE Sensex, NSE Nifty trading hours, for now

Monday, December 24, 2018, 4:20 PM

The extension of trading hours might not become a reality anytime soon as the Securities and Exchange Board of India (Sebi), stock exchanges and brokers were yet to agree on how it would be implemented, said three officials with direct knowledge of the matter. Markets regulator Sebi had on 4 May permitted exchanges to extend their trading hours beyond the current 3.30pm.
 
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4 years since Senvion sale, turnaround continues to elude Suzlon

Monday, December 17, 2018, 8:15 PM

Shares of Suzlon Energy Ltd gained 3.8% last week after the Economic Times reported that the company is in talks to sell stake in its services unit to pare debt. The company also said it has won a 50.4 megawatt (MW) order. It is part of the pipeline of orders Suzlon indicated earlier. With this, Suzlon's order backlog rises by 4.8% to 1,107MW.

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