Hyundai Motor India has obtained approval for its initial public offering from the Securities and Exchange Board of India, according to two sources familiar with the situation. The South Korean automaker plans to raise $3 billion at a roughly $20 billion valuation,

India's market regulator has approved an initial public offering of Hyundai Motor India , two sources with direct knowledge of the matter told Reuters.

If the listing plans fructify, this deal, a pure OFS or offer for sale by the promoter, would be India Inc's biggest-ever IPO and beat the earlier record set by state-owned LIC's $2.7 bn listing in 20

India's NSE Nifty 50 and S&P BSE Sensex are trailing only Wall Street's Nasdaq and S&P 500 as top-performing indexes this year, with analysts expecting the rally to extend into 2025.

The two key equity benchmarks, Sensex and Nifty, on Tuesday climbed to their fresh all-time highs amid volatility, tracking by the record overnight close on Wall Street. At 10.35 am, the BSE Sensex gained 83 points to a new high of 85,

The trends on Gift Nifty also indicate a positive start for the Indian benchmark index. The Gift Nifty was trading around 25,990 level, a premium of nearly 75 points from the Nifty futures’ previous close.