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Policybazaar targets $3.5-billion valuation in September 2021 IPO

The start-up plans to secure about $250 million in a round of financing at a $2 billion-plus valuation before a September 2021 initial public offering

Jack Ma's Ant seeks $200 billion value in landmark dual IPO: Report

Ant is planning to list on Shanghai's STAR market & Hong Kong

Chevron to buy Noble Energy for nearly $5 billion in rare oil-bust deal

The deal will grow Chevron's shale presence in both the Permian Basin and the Denver-Julesburg Basin in Colorado.

Oxford-Astra Covid-19 vaccine shows dual immune action, says researcher

Study shows the vaccine is safe, but it is still too soon to know if it can stop people from being infected

TikTok considering London for headquarters to distance Chinese ownership

London is among one of several locations the company is considering, but no decisions have been made

Japan govt to pay at least $536 million for companies to leave China

Fifty-seven companies including privately-held facemask-maker Iris Ohyama and Sharp will receive a total of 57.4 billion yen ($536 million) in subsidies from the government

UK may snap extradition treaty with Hong Kong: Foreign secretary

Foreign Secretary Dominic Raab said he had promised on July 1 to conduct a review of the extradition arrangements and, having completed that study, will update members of Parliament

SoftBank quietly sells additional $2.2 bn of its stake in Alibaba Group

The deal, which includes a collar contract and call spread, is expected to be settled between May 2024 and June 2024

EU leaders discuss recovery from pandemic; 750 bn euros stimulus not soon

Officials have warned that another summit later this month could be needed to clinch a deal

Netflix names chief content officer Ted Sarandos as co-CEO amid slow growth

The firm tapped its longtime chief content officer to take the top job, alongside current CEO Reed Hastings, on a day when it delivered a disappointing subscriber forecast

Amazon, Apple hire Fiona Scott Morton, one of big tech's most vocal critics

Amazon confirmed Scott Morton is working for the company but declined further comment. Apple didn't respond to a request seeking comment

RIL deploys Rs 35,000 crore from Jio stake sales into debt funds

The monies have been deployed into ultra-short and money-market funds, and others focused on debt with an average of three-to-five year maturities

Mindspace REIT plans to raise $599 million through IPO to pay debt

The real estate investment trust will offer about Rs 1,000 crore of new shares while the founders will offer the remaining

Stocks end higher on hopes of strong quarterly earnings, economic growth

The S&P BSE Sensex climbed 1.5% to close at 37,020.14- most since March 6

Twitter hack hits Obama, Biden, Musk in Bitcoin scam; stock sinks

Others whose Twitter accounts were caught up in the security incident included Bill Gates, Elon Musk, Kanye West, Uber Technologies Inc, Apple, and Michael Bloomberg

Covid-19 crisis: US, UK allege Russians are trying to steal vaccine

It is unclear whether research facilities have been damaged or if the vaccine programmes have been set back as a result of the hacks, but officials warned that the cyberattacks are ongoing.

Small- and mid-sized business bankruptcies may triple, warns IMF

A staff analysis of 17 countries suggests that bankruptcies for the firms could surge to 12 per cent, from 4 per cent before the pandemic, the IMF said in a report on Thursday.

Crude oil prices ease after Opec+ agrees to relax output curbs next month

Futures in New York dropped below $41 a barrel, though the more global Brent benchmark's structure firmed on signs of tightness in physical markets.

Pakistan back in China's Belt and Road game with projects worth $11 bn

The Chinese financing has helped rid Pakistan of an electricity deficit that left exporters unable to meet orders and major cities without electricity for much of the day.

Can Mukesh Ambani take on Chinese giants like Tencent, Huawei and Xiaomi?

Ambani dropped enough hints that last year's plan to sell 20 per cent of his mainstay oils-to-chemicals business to Saudi Aramco was now unlikely