they gear up to public debut in just over an hour and will be the country's largest listing to date. hong kong stock developer told the bbc is optimistic about the city's property market despite the slowdown. hello and welcome to business today. let's begin in india where we are awaiting for the motor india to list —— stock exchange, the listing of the nation's largest and good money the south korean carmakers indian unit at $19 billion, for more, let's cross life to our business correspondent. they are monitoring things from them by. what is such an ipo is so important for india? for

by. what is such an ipo is so important for india?- important for india? for two important — important for india? for two important reasons, - important for india? for two important reasons, one - important for india? for two important reasons, one as l important for india? for two i important reasons, one as you pointed out, this is india's largest initial public offering, looking to raise 3.3 billion dollars, that's to have the past couple of years from even the likes of btm which is a giant as well as the life insurance corporation of india. the second important reason is for why investors are excited is because for the very first time that high under is listing outside of south korea and that gives you sense of important the indian market has become for the south korean car giant which has a second—largest market share, i think what a lot of analysts essentially see is that this is something that will enhance higher and i and competitors indian market going ahead. ~ . v , competitors indian market going ahead. , ahead. what's been the response from investors? _

ahead. what's been the response from investors? the _ ahead. what's been the response from investors? the response - from investors? the response has been _ from investors? the response has been pretty _ from investors? the response has been pretty solid, - has been pretty solid, particularly from institutional investors who have oversubscribed to the issue, the concern has been with the response from retailers and two reasons for that, one is the valuation of the company which deemed to be a bit expensive and second, a lot of these investors haven't made big money on the other ip that i spoke about and it comes with the indian market are a bit jittery at the general sense is that this is this solar company with strong fundamentals are in the long run, this will pay off. thank you very much for that. ,, , off. thank you very much for that. ,, ._ ., that. staying in india, pharmaceutical - that. staying in india, | pharmaceutical tycoon that. staying in india, - pharmaceutical tycoon has bought 50% stake in a major bollywood production company. investment amounts to roughly $119 million, it's one of

bollywood's most esteemed directors and producers and this comes when the indian film industry has been struggling to get back on its feet since the covid—19 pandemic shut cinemas. hong kong and china markets are trading slightly higher in early asian trade, authorities in hong kong have a looking at ways to revive the city's property market, earlier this month, there is mortgage rules on homes but have these measures been enough? the chairman of the fon group major property developer is confident things are moving in the right direction. , ., , direction. high interest rates, everywhere — direction. high interest rates, everywhere in _ direction. high interest rates, everywhere in the _ direction. high interest rates, everywhere in the world, - direction. high interest rates, i everywhere in the world, where interest rates are high, they slung and that's been the biggest problem that we are facing hong kong because of being paved with the us dollar and its service well for more than a0 years and continues to serve us well but when it comes to property, high interest

rates, peoplejust don't to property, high interest rates, people just don't buy, they don't move, property prices go down, people pay their mortgages, it becomes a chain effect. when mortgages are down, property values are down, it becomes a very big problem, that's really been the biggest problem we faced since the us decided to rate in the —— race during inflation and cause during covid. and caused huge inflation. good news is, it is starting to recover and the policy address of the chief executive had on october 16 in hong kong, that really, really help. hong kong, that really, really hel. ~ , , , , help. the imf will publish its biannual global _ help. the imf will publish its biannual global economic - biannual global economic outlook and is expected to be downbeat with one or two exceptions such as the us, many rich economies are suffering

from growth if not an outright recession, all of which makes their burden evermore unsustainable. michelle fleury has more from york. the international monetary fund issuesis international monetary fund issues is a semi annual world economic 0utlook later this tuesday, the last resort were warned of another given economic backdrop for government finances around the world with public debt level set to pass $100 trillion by the end of the year, driven mostly by the us and china. so what can be done about it? the question i put a former imf deputy director, the president of queen's college cambridge. there is only for nine solutions to high debt, the growth is the answer to most of the problem. then, if you can't get cries, you can try, financial repression is what we've done, lower interest rates, artificially to tax credit as a subsidised writer and it's the economy so, you don't want to do that, you can try sturdy but as a are sturdy

and we have found out around the world and you can do fall so if you look at the alternatives, growth by far is the best answer.— alternatives, growth by far is the best answer. back in july, the best answer. back in july, the imf rejected _ the best answer. back in july, the imf rejected the - the best answer. back in july, the imf rejected the world - the imf rejected the world economy would grow 3.2% this year, later today, the organisation is expected to say lacklustre growth and make it even tougher for governments to reduce their levels, one economy showing serious growth right now is the united states, yet america is days away from an election in which there's been little discussion from the campaign trail about how to find the nations own huge debt. proceedings in a class—action lawsuit against a mining giant bhp have begun in london over the collapse of the company's mariana dam in brazil back in 2015. the disaster to the release of toxic mining ways that killed 19 people and devastating local communities. lawyers representing the thousands of victims say bhp is trying to avoid responsibility,

the second $a7 billion in damages. shares of bhp trading just under 1% in australia today. and staying with australia, employees have the right to ignore their bosses outside working hours thanks to a recent law which enshrines the right to disconnect. the legislation passed earlier this year protects workers who refused to monitor read or respond to contact from their employers outside of work hours. more than 20 countries including france have put in place similar laws. phil mercer reports. family fun beats work stress, any day of the week. kelly gale is starting a new position in marketing in sydney. she has made sure it will not be such a demanding environment as her previousjob. i don't know what it was but every called had to be answered, even if you are in the bathroom and every e—mail

had to be answered within ten minutes, didn't matter when it was, what time of day or night or whether it was a weekend or holiday. what effect did that have on you? it was traumatic, actually to be honest. millions of australians can now break free from the pressures of after—hours calls and e—mails. new laws are based on the premise that staff are happier if they are not followed home by theirjobs. in australia we have a mental health crisis, there are are as many as one in four employees in the workplace suffering from mental health conditions and lots of people have job uncertainty. add to that the cost of living prices and this is going to look to address some of that, people have been overworked for a long time. similar laws are in place in france, argentina and ireland. but industry groups here incest the right to disconnect legislation will hamper productivity at a time of economic uncertainty. academics argue that the changes will be good for business. we are seeing businesses respond to this thinking about how they and their staff will work smarter, not necessarily harder. the impact of these laws will have a positive impact

on workers in terms of their well being. over at telstra, there has been a long—standing process. one of the dominant telecommunications companies has allowed employees to switch off after work for more than a decade. for people to be engaged and productive, that really means being able to have a balanced life where you are able to give your best and do your best while you artwork but also have genuine time when you are not working and able to disconnect. it's ridiculous that we need these laws, that people need laws to actually act humanely but i'm fully supporting them. it allows people to have more of their work—life balance. the legislation states out of hours contact from the boss, which is considered to be unreasonable and be ignored. the reforms will be enforced by australia's workplace regulator. phil mercer, bbc news, sydney.

disney has finally announced it will name its next chief executive in 2026. this is the first time in the company has publicly given for appointing a successor to currently ceo bob iger. the company named morgan stanley as a new chairman of the board. hejoined the disney board in 2023 and has been the head of the company's succession planning committee since aukus of this year. elon musk at tesla and warner bros. discovery are being sued in relation to their rubber taxi event earlier this month, the lawsuit filed by the producers of blade runner 20a9 alleges that elon musk and tesla had been denied permission to use imagery from the film for the event. but used it anyway. alan mask and tesla have not responded to the lawsuit. thank you for your company here on business today, i will see you again soon.

hi, i'm lola with the catch up. tonight — what could be the future for young drivers, the milkshake saga and a tiktok dj. a police officer has been cleared of murdering an unarmed man he shot in south london. chris kaba died in september of 2022. his family said the verdict left them with a deep pain of injustice and that it represented a failure for all those affected by police violence. some other stories now. under 21 and prepping for your driving test? well, how does carrying no passengers around your age for the first six months sound?

that's what the aa suggest after a driver was killed in a road accident. last year, 290 people, involving drivers under 25 were killed. remember the woman who threw a mcdonald's milkshake over nigel faraj? she has pleaded guilty to assault. the incident happened while the reform uk leader was out campaigning. and for the first time, new zealand are crowned champions of the women's t20 cricket world cup, celebrating their win over south africa with a maori song. they sing it's time now for ten seconds of someone you may recognise from your fyp. my mission is to try and give a lift to everyone.

nothing but positive vibes. if you give tiktok a try, and really, the rest is history. you are all caught up. have a great night. hello and welcome to sportsday. i'm gavin ramjaun. over 100 womens' footballers speak out against fifa's saudi sponsorship deal. the champions league returns this week and real madrid boss carlo ancelotti demands more goals from summer signing kylian mbappe. and we hearfrom england's star spinner, jack leach, ahead of their series decider with pakistan after he feared his international career was over. hello there and welcome along to the programme.

more than 100 elite women footballers have called fifa's