Birla's Novelis files for $945-m US IPO
The Morning Standard|May 29, 2024
Kumar Mangalam Birla's American metals firm Novelis has filed for a $945-million initial public offer, valuing the aluminium firm at $12.6 billion and fixed price band at $18-21 per share.
Birla's Novelis files for $945-m US IPO

In an exchange filing on Tuesday, Hindalco, the parent of Novelis, which it had purchased in a multibillion dollar deal in 2007 said the company will offer 45 million shares in a price band of $18-21 per share, which at the upper end will fetch 3,945 million in proceeds.

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MÁS HISTORIAS DE THE MORNING STANDARDVer todo
KOHLI, AXAR LIFT INDIA
The Morning Standard

KOHLI, AXAR LIFT INDIA

After opting to bat first in the final of the T20 World Cup, India set a target of 177 for South Africa. It's the highest-ever made in the final. A look at the innings...

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1 min  |
June 30, 2024
The Morning Standard

T-72 TANK SWEPT AWAY, FIVE JAWANS KILLED IN LADAKH

FIVE soldiers, including a junior commissioned office, who were operationally deployed towards the Line of Actual Control (LAC) in Eastern Ladakh lost lives on Saturday as their T-72 tank was swept away in flash floods.

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1 min  |
June 30, 2024
The Morning Standard

ED can’t attach properties bought before commission of offence: HC

AMID the Enforcement Directorate (ED) provisionally attaching properties of several high-profile individuals and political parties including the CPM in Kerala under the Prevention of Money Laundering Act (PMLA), the Kerala High Court has dealt a setback to the agency.

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1 min  |
June 30, 2024
The Morning Standard

Sanjay Jha named JD(U) working prez

THE national executive meeting of the Janata Dal (United) on Saturday appointed Rajya Sabha member Sanjay Jha as the party's working president.

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1 min  |
June 30, 2024
The Morning Standard

2 boys drown in flooded underpass, heavy rain forecast for next 2 days

LASHED by rains since Friday and predictions for more heavy showers, Delhi's woes continued unabated.

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1 min  |
June 30, 2024
14-day judicial custody for CM in liquor policy case
The Morning Standard

14-day judicial custody for CM in liquor policy case

THE Rouse Avenue court on Saturday sent Chief Minister Arvind Kejriwal to judicial custody till July 12 in a corruption case related to the alleged excise scam, saying his name has surfaced as one of the \"main conspirators\" and as the investigation is still in progress, his further custodial interrogation may be required.

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1 min  |
June 30, 2024
TN amends Prohibition Act, bootleggers to get life term
The Morning Standard

TN amends Prohibition Act, bootleggers to get life term

DAYS after the Kallakurichi hooch tragedy in the state that claimed over 60 lives, the Tamil Nadu government on Saturday amended a prohibition act to substantially enhance the punishment, which included life imprisonment for bootleggers in case of fatalities following consumption of spurious liquor.

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1 min  |
June 30, 2024
Twin strike: Kohli, Axar rise to occasion
The Morning Standard

Twin strike: Kohli, Axar rise to occasion

Opener scores half-century while all-rounder hits brisk 47 as India post 176/7 against South Africa in T20 WC final

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2 minutos  |
June 30, 2024
Reformist candidate leads in first round of Iran polls
The Morning Standard

Reformist candidate leads in first round of Iran polls

Pezeshkian and hardliner Jalili to face off in run off election on July 5

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1 min  |
June 30, 2024
Vaishnav, Yadav take stock of Maha poll preparations
The Morning Standard

Vaishnav, Yadav take stock of Maha poll preparations

AFTER a drubbing in the Lok Sabha elections in Maharashtra, the BJP has appointed two Union ministers, Bhupesh Yadav and Ashwini Vaishnaw, incharge and co-in-charge of the party for the assembly elections due later this year.

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1 min  |
June 30, 2024