Sensex jumps 500 pts while ICICI Securities IPO subscribed 74% & Facebook bought ads to apologize for the Cambridge Analytica scandal
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| Sensex jumps 500 pts |
Market Live: Sensex jumps 500 pts, Nifty reclaims 10,100; banks lead, Europe up
Oil prices reversed earlier gains as concerns of a looming trade dispute between the United States and China weighed on global markets.
The possibility of a full-blown trade war between the United States and China battered Asian shares on Monday. The falls came after US President Donald Trump last week signed a memorandum that could impose tariffs on up to USD 60 billion of imports from China.
US West Texas Intermediate (WTI) crude futures were at USD 65.59 a barrel, down 0.44 percent, from their previous close.
related news Brent crude futures were at USD 70.33 per barrel, down 0.17 percent.
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ICICI Securities IPO subscribed 74% so far on final day
The issue consists of an offer for sale of up to 7,72,49,508 equity shares by promoter ICICI Bank, which includes reservation of up to 38,62,475 shares for purchase by the ICICI Bank shareholders.
The initial public offering of ICICI Securities, the subsidiary of country's largest private sector lender ICICI Bank, has been subscribed 74 percent so far on final day.
The Rs 4,017-crore offer has received bids for 3.29 crore equity shares against total issue size of 4.42 crore shares on Monday, as per data available with the NSE website.
South Korea makes concessions to preserve US trade deal
South Korea and the United States are security allies both threatened by the nuclear-armed North but since taking office US President Donald Trump repeatedly threatened to tear up their free-trade agreement, raising concerns about undermining the economic leg of their alliance.
Seoul has agreed to a quota for steel exports to the US 30 per cent below current sales and accepted extended tariffs on pick-up trucks to secure a revised trade deal with Washington and escape its steel duties, the government admitted today.
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Facebook questioned about pulling Android call, text data
On the same day Facebook bought ads in US and British newspapers to apologize for the Cambridge Analytica scandal, the social media site faced new questions about collecting phone numbers and text messages from Android devices.
On the same day Facebook bought ads in US and British newspapers to apologize for the Cambridge Analytica scandal, the social media site faced new questions about collecting phone numbers and text messages from Android devices.
The website Ars Technica reported that users who checked data gathered by Facebook on them found that it had years of contact names, telephone numbers, call lengths and text messages.
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