New Delhi, May 19 (PTI) Following are the top business stories at 2045 hours:
DCM22 BIZ-LD COALINDIA
* Draft papers for two CIL arms' IPO to be filed soon: Official
New Delhi: The process of listing of two subsidiaries of Coal India Ltd - BCCL and CMPDI - has begun and draft papers would be filed soon with Sebi, the company on Monday said. *
DEL11 BIZ-UBER-ONDC
* Delhi Metro ticketing goes live on Uber app; more cities, B2B logistics up next
New Delhi: Ride-hailing platform Uber on Monday announced the rollout of metro ticketing on the Uber app, powered by the Open Network for Digital Commerce (ONDC), starting with Delhi Metro. *
DCM39 BIZ-IPO
* IPO market starts buzzing; 6 companies line up plans to raise over Rs 11,000-cr in May
New Delhi: After a tepid start to 2025, the IPO market is getting back on track with six main-board companies, including Schloss Bangalore -- owner of luxury hotel chain The Leela, are set to float their initial share-sales this month to collectively mobilise over Rs 11,000 crore, investment banking sources said on Monday. *
DEL39 BIZ-LD-STOCKS
* Stock markets close lower for 2nd day; IT stocks fall after US rating downgrade
Mumbai: Benchmark BSE Sensex dropped by 271 points on Monday, marking the second straight day of losses due to selling in IT and banking stocks and a weak trend in global markets after rating downgrade of the US by Moody's Ratings. *
DEL76 BIZ-LD RUPEE
* Rupee climbs 15 paise to settle at 85.42 against US dollar
Mumbai: The rupee appreciated 15 paise to settle at 85.42 against the US dollar on Monday, on weak US dollar index and a decline in crude oil prices. *
DCM47 BIZ-MUTUAL FUND-RECORD
* Mutual fund assets surge 23 pc to hit record Rs 65.74 lakh crore in FY25
New Delhi: Mutual fund assets surged 23 per cent or over Rs 12 lakh crore year-on-year to reach a record of Rs 65.74 lakh crore in FY25, propelled by robust net inflows and mark-to-market gains amid buoyant equity and debt markets. *
DEL40 BIZ-GOLD-PRICE
* Gold rallies Rs 580 to Rs 97,030/10 gm; silver climbs Rs 500
New Delhi: Gold prices rallied Rs 580 to Rs 97,030 per 10 grams in the national capital on Monday amid strong trends in the international markets, according to the All India Sarafa Association. *