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Online cosmetics startup Nykaa eyes $3 billion IPO in 2021

Deliberations are ongoing and details of the offering including the size and timeline could change, the people said. A representative for Nykaa declined to comment.

The company was preparing for an IPO in two years, its founder and Chief Executive Officer Nayar told local news agency PTI in an interview in 2018.

This is what Asia’s stock investors are betting on in 2021

Asia’s outperformance is seen continuing in 2021, with cyclicals expected to catch up to technology stocks as optimism over vaccine rollouts grows.

asian stocks

Jack Ma skips cherished TV show after Beijing tightens screws

Ma hasn’t been seen in public since Chinese regulators torpedoed Ant’s $35 billion IPO, then tightened fintech regulations and launched an antitrust probe into Alibaba Group Holding Ltd. -- all in a span of days.

The flamboyant Ma -- long a fixture on the international conference circuit -- all but vanished from public view thereafter.

Govt seeks expressions of interest for 26% stake in state-run BEML

The government is looking to cut its 54% holding in the firm as part of Prime Minister Narendra Modi’s privatization drive, which will also see management control shift to the successful bidder.

beml, modi privatisation drive, stake sal eof BEML

China is making it harder to solve the mystery of how Covid-19 began

In the year since seafood hawkers started appearing at Wuhan’s hospitals sickened with a strange and debilitating pneumonia, the world has learned a lot about Covid-19, from the way it spreads to how to inoculate against th

covid 19,covid 19 pandemic

‘वाटर किंग’ झोंग शानशन ने मुकेश अंबानी को छोड़ा पीछे, साल के अंत में बने एशिया के सबसे अमीर

मुकेश अंबानी को पछाड़ कर चीन में बोतल बंद पानी बेचने वाली कंपनी के मालिक एशिया के सबसे

China Bottled Water King jhong shashan Dethrones Mukesh Ambani As Asia Richest Person and ali baba founder jack ma

Who is Zhong Shanshan? Chinese ‘Lone Wolf’ replaces Mukesh Ambani as Asia’s richest person

Zhong Shanshan is a private billionaire who’s rarely quoted in the press. Now, after an improbable career spanning journalism, mushroom farming and health care, he’s become Asia’s richest person, eclipsing India’s Muk

Zhong Shanshan

Union Budget 2021: India plans spending boost to revive Covid-19 hit economy

Union Budget 2021 India: Curbs imposed by the finance ministry on more than 80 government departments and ministries earlier in the year to preserve cash were relaxed this quarter.

Budget 2021-22, Union Budget 2021

AstraZeneca-Oxford Covid-19 vaccine gains first clearance with UK nod

The vaccine will be prioritized for the country’s most vulnerable groups early in the new year, according to statements from the company and the government on Wednesday.

astrazeneca oxford covid 19 vaccine

US Stocks: Qualtrics could be one of the first IPOs of 2021 – Check details

The company, which makes customer-survey software plans to sell an undetermined number of shares for $20 to $24 each.

Heranba Industries IPO, IPO

Delhi Airport says it’s ready for Covid-19 vaccine distribution challenge

For its part, India’s busiest airport is “completely ready” to handle Covid-19 vaccines, according to Delhi International Airport Ltd. Chief Executive Officer Videh Kumar Jaipuriar, but there could be issues elsewhere c

delhi airport, covid 19 vaccines

Do you trust Chinese Covid vaccines? Dragon struggling to get the world to trust its Corona vaccines

In the years leading up to the pandemic, China financed nearly $70 billion across the South Asian nation on roads, railways and power stations, and Pakistan now has two Chinese clinical trials underway, with even senior gover

covid 19 vaccines, covid 19 pandemic

Mukesh Ambani convinced Facebook, Google, others to pump in $27 billion in Reliance; now he has to deliver

The 63-year-old Indian tycoon is focused on a handful of priorities as he tries to turn Reliance Industries Ltd. from an old-economy conglomerate into a technology and e-commerce titan, according to recent public statements a

mukesh ambani

Alibaba probe stirs worry about what’s next for Chinese tech

Alibaba and its three largest rivals -- Tencent Holdings Ltd., food delivery giant Meituan and JD.com Inc. -- have shed nearly $200 billion in Hong Kong over the two sessions since Thursday when regulators revealed an investi

jack ma, alibaba

US Stocks: BlackRock sees ‘advantageous’ trade in dividend stocks next year

Investors will increasingly come to the view that it’s not only safe but advantageous to return to dividend payers.

US Stocks, dividend stocks, value stocks, Investors, S&P 500

Coronavirus pandemic exposes hurdles to developing India’s credit market

Private bond placements, which restrict the number of investors in a deal, have long accounted for the vast majority of debt sales in India’s local-currency credit market, but they rose to 99% of all offerings this year, th

indian market

Biggest Bangladeshi IPO in a decade surges 50% on debut in Dhaka

The biggest Bangladeshi IPO in a decade led to a rush for the shares locally, with investors joining a frenzy for initial share sales across the world.

IPO

IndiGo recovering from Covid-19 induced aviation ‘carnage’; likely to rehire staff, says CEO Ronojoy Dutta

The carrier, operated by InterGlobe Aviation Ltd., still sees “a lot of room” for growth in international routes, particularly those of about six hours duration that can be served by single-aisle narrowbody aircraft, Dutt

Steady growth: Indian economy stabilizes in November as retail demand improves

The pace of activity thus far was enough for the nation’s central bank to revise its forecast for the economy, which it now expects to exit a recession in the current quarter to December.

economy, indian economy

US Market: Cybersecurity stocks extend advance on bets for robust demand

After the recent cyber attack, Cybersecurity companies were seen as underlining the need for online protection services.

Cybersecurity Stocks, online protection services, Nasdaq, ETF, analyst

Covid crisis: Women likely to have even less bargaining power in labour market post pandemic

Tens of thousands of domestic workers, predominantly women, are now struggling to make ends meet. Their children are falling behind due to school closures. With so many unemployed competing for jobs, these workers are likely

US Stocks: Index funds cram Tesla into the S&P 500 at a record high

With a market cap of roughly $660 billion, Tesla is the largest company ever to be added to the stock benchmark.

US Stocks, Index funds, Tesla, S&P 500, market-cap

Uday Kotak became world’s richest banker after a brush with death in a cricket match

While India has been grappling with a shadow-lending crisis, his Kotak Mahindra Bank Ltd. has been able to rise through the crowd, gaining investors’ trust by starting to slow lending to riskier sectors more than two years

US Stocks: Skillz soars in trading debut as investors bet on mobile esports

For the first publicly traded mobile esports company, shares jumped in its trading debut of Skillz.

US Stocks, Skillz, shares, investors, mobile esports

India wants a v-shaped recovery at any cost

While China’s recovery from the pandemic has made it the first major economy to consider exiting emergency economic measures, in India, monetary stimulus is still very much the only game in town.

Thanks to $58 billion of RBI dollar purchases in the first nine months, the rupee is the worst-performing Asian currency this year.

Indian Oil, other refiners put Covid behind, operating at full tilt amid gas boom

Behind the recovery is strong demand for gasoline and liquefied petroleum gas as many opt to drive their own cars over taking public transport and cook at home to avoid restaurants.

Is everyone getting access to digital education? Covid risks a lost generation as digital divide widens

Dhiru, an Indian teenager who entered 10th grade this year, hasn’t attended even one day of class since the academic year began in April.

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