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LG said to pick banks for $1.5 billion listing of Indian unit

LG said to pick banks for $1.5 billion listing of Indian unit

  • Business

South Korea’s LG Electronics Inc. has picked banks for a potential initial public offering of its Indian business that could raise as much as $1.5 billion, according to people familiar with the matter.LG has tapped banks including Bank of America Corp., Citigroup Inc., JPMorgan Chase & Co. and Morgan Stanley as arrangers for an IPO

RBI Guv Shaktikanta Das signals no policy change despite dip in inflation

RBI Guv Shaktikanta Das signals no policy change despite dip in inflation

  • Business

India’s central bank governor signaled he’s in no hurry to cut interest rates despite recent softening in inflation in the world’s fastest-growing major economy. “Inflation has been brought within the target band of 2-6%, but our target is 4%,” Governor Shaktikanta Das said on Friday at a forum organized by The Bretton Woods Committee in