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ICICI Prudential Life IPO to raise $244 million from anchor investors

MUMBAI ICICI Prudential Life Insurance Co Ltd, which is due to launch on Monday India's biggest initial public offering of shares in six years, is raising 16.35 billion rupees ($243.7 million) by selling shares to 38 anchor investors as part of the IPO.

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Westinghouse to start first China reactor in 2017, sees tens more

LONDON Toshiba-owned nuclear reactor manufacturer Westinghouse expects to connect its first 1,000 megawatt medium-sized nuclear reactor to the grid in China early in 2017 and sees the country building a fleet of them in coming years.

Top News, 16 Sep 2016

Bayer in $66 billion bet that farmers will back linked-up supplies

FRANKFURT Bayer's $66 billion purchase of Monsanto amounts to a long-term bet that farmers will grow to trust combinations of seeds and pesticides rather than continue to pick from ranges of separate products.

16 Sep 2016

Wells Fargo faces scrutiny over lack of sales scandal disclosure

NEW YORK A phantom account scandal at Wells Fargo & Co has put the U.S. bank's disclosure policies under a harsh spotlight. | Video

16 Sep 2016

Booming India helps drive demand for Scotch whisky, trade body says

EDINBURGH Scotch whisky exports rose 3.1 percent in the first six months of 2016, driven by booming demand in India, a market that whisky's trade body says should be a top trade priority for Britain as it navigates its exit from the European Union.

Top News, 16 Sep 2016

Financials drag stocks lower on Deutsche Bank fine risk

NEW YORK The possibility of a $14 billion fine for Deutsche Bank and a slide in oil prices hit financials and energy stocks on Friday, leading major global stock indexes lower.

2:38am IST

Markets

  • Asia
  • U.S.
  • Europe
  • Sectors
Sensex 28,599.03 + 186.14 +0.66%
Nikkei 16,519.29 + 114.28 +0.70%
Hang Seng 23,335.59 + 144.95 +0.63%
EUR/INR 74.811 --
USD/INR 67.065 --
GBP/INR 87.192 +0.05%
Gold 1,328.00 -6.70 -0.50%
Oil 43.19 -0.88 -2.00%
Corn 336.25 +6.25 +1.89%

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