Ride-hailing startup Ola has selected banks including Citigroup Inc. and Kotak Mahindra Bank Ltd. to manage its Mumbai initial public offering that could raise about $1 billion, according to people ... ( read original story ...)
Asian stock market shares rise after US Fed signals low rates will stay
Asian shares were higher Monday, as investors interpreted comments from the head of the U.S. Federal Reserve as signaling low interest rates were here to stay for some time. ( read original story ...)
Finastra upgrades Shanghai Pudong Development Bank treasury infrastructure
IBS Intelligence is a leading global FinTech News & Research firm. Get ✅ Latest Digital Banking & Financial Technology News, ✅ Research & ✅ Market Insights. ( read original story ...)
China’s AI Unicorn SenseTime Files for Hong Kong IPO
SenseTime, China’s biggest artificial intelligence company, plans to raise USD2 billion from an initial public offering on the Hong Kong stock exchange. SenseTime filed a preliminary prospectus for a ... ( read original story ...)
STAR Market Daily: STAR 50 falls 0.6%, RMB 69 bln traded
Shanghai Stock Exchange STAR 50 closed at 1,471.45 on Monday. The STAR Market recorded a total trading volume of 1.2 bln shares with a turnover value of RMB 69 bln, up 18.6% from last Friday. ( read original story ...)
Asian Stock Market: Trades in green on Powell’s comments
Asian stocks kickstart fresh trading week on a higher note. US Dollar Index plunges below 93.00 on FOMC Chair Powell’s comment. Wall Street closed in the green on Friday but gains limited on ... ( read original story ...)
Chengdu Guoguang Electric’s IPO to debut on SSE STAR Market
Chengdu Guoguang Electric (688776) to start trading on the Shanghai Stock Exchange's STAR Market Aug 31, tomorrow. The firm has issued 19.35 mln shares priced at RMB 51.44 per share raising RMB 995.62 ... ( read original story ...)