Business

India slashes size of biggest IPO

India has slashed the size of an initial public offering by insurance giant LIC but the share issue will still be the country's largest to date, with a targeted windfall of $2.7 billion, regulatory filings showed Wednesday.

Business

Philips take hit by supply problems, respirator recall

Philips on Monday reported net losses of over 150 million euros in the first quarter of 2022 as the Dutch health technology firm battled a faulty respirator recall and supply chain problems.

Business

Elon Musk's move to buy Twitter faces roadblocks

Even for the richest person on the planet, buying Twitter was always going to be a challenge—a highly complex financial transaction now made even trickier by a defensive "poison pill" move from the platform's board.

Business

EXPLAINER: What is Musk really doing as he guns for Twitter?

Mercurial billionaire Elon Musk now says he wants to buy Twitter outright, taking it private to restore its commitment to what he terms "free speech." But his offer, which seemed to fall flat with investors on Thursday, raises ...

Business

Indonesia tech giant GoTo soars on market debut

Indonesia's biggest tech firm soared on its market debut Monday after a billion-dollar IPO that was the world's fifth-biggest this year, defying recent heavy weather for Asian tech stocks.

Business

Tesla: Will Big Auto eat pioneering electric car maker's lunch?

Eyeing Tesla's success, major automakers are hurling themselves into the electric vehicle market as governments set ambitious zero-emissions targets and drivers around the world look to go electric. While Elon Musks's pioneering ...

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