Meesho will open its ₹42.5 billion IPO on December 3, comprising a fresh issue and an offer-for-sale of 105.5 million shares by existing investors. Proceeds will support infrastructure expansion, marketing, and strategic acquisitions, with pricing details to be announced separately.
The Reserve Bank of India (RBI) has implemented a new regulation effective October 1, allowing banks to revise EMIs faster when lending rates drop or borrowers’ credit scores improve.
6 days ago • India
Spain has announced a fresh commitment of €19.5 million to the World Bank’s Livable Planet Fund, underscoring its leadership in promoting environmental sustainability and global debt relief.
6 days ago • Spain
Saudi energy major Aramco has secured USD 3 billion through a two-part sukuk issuance listed on the London Stock Exchange. The transaction underscores sustained global appetite for high-grade Islamic debt and enhances the company’s funding flexibility amid evolving energy market dynamics.
6 days ago • Saudi ArabiaFrankfurt Airport and Bangalore International Airport have formalised a strategic air cargo partnership to strengthen trade flows between Europe and India. The agreement focuses on digitalisation, regulatory streamlining, and operational coordination to enhance supply chain efficiency amid shifting global market conditions.
Indian Railways has cleared infrastructure projects worth approximately INR 8.72 billion spanning maintenance depots and corridor upgrades across three zones. The investments target higher passenger throughput, improved freight efficiency and reduced congestion in key rail corridors linked to ports and industrial regions.
Karnataka’s 148-km Bengaluru Suburban Railway Project is expected to carry nearly 1.9 million passengers daily and significantly reduce surface congestion by integrating with Metro, rail and bus systems. The Rs.23,342 crore initiative aims to modernise urban mobility while lowering emissions and improving multimodal connectivity.
Saudi Arabia’s Ministry of National Guard - Health Affairs has launched a tender to establish a rainwater drainage network at King Abdulaziz Medical City in Riyadh. The project aims to enhance infrastructure resilience and operational efficiency across medical storage facilities, supporting continuity of healthcare services.