high on motor india gears up for its public debut today in the country's largest leasing today. —— high hyundai. hong kong top developer tells the bbc he is optimistic about the property market despite the slow down. hello and welcome to business today. i'm steve lai. that's began in india where we are waiting for hyundai motor india to list on the mom by truck exchange in 15 minutes time. the listing is the nation's largest and could value the south korean carmaker at $19 billion. less over to the business correspondent in mumbai. tell us why this ipo is so important for india. fix,

so important for india. couple of reasons, this is india's largest initial public offering so they're looking to raise $3.3 billion which is far more than what the major issues are just a life more than what the major issues arejust a life insurance compilation of india, for instance all ptm have raised in the last couple of years and the last couple of years and the second important reason is in for the very first time that hi hyundai is doing a listing oran hi hyundai is doing a listing or an ip outside south korea which gives you the sense of the kind of important that this company has placed in the market where they already have the second largest market share. i think what a lot of analysts are saying is that while this is an offer for sale, there will be no fresh equities, it's that will certainly enhance hyundai's competitive and its grand value in this important market. importantly, what are investors been saying, forward to this? —— are they looking forward to this? if -- are they looking forward to this? , ., -- are they looking forward to this? i. ., ., ~' -- are they looking forward to this? i. ., this? if you look at the resnonse _ this? if you look at the response so _ this? if you look at the response so far, - this? if you look at the

response so far, you i this? if you look at the i response so far, you can this? if you look at the - response so far, you can see it's been oversubscribed, particularly by institutional investors such as hedge funds but the big concern has been on the relatively technical response we've seen from retail investors, and i think they've been concerned about issues, one is the pricing which they believe is expensive and second, this comes at a time of the indian market arejittery and many of these retail investors haven't really made a lot of money from the investors that they made in the ipo is that they made in the ipo is that i just spoke about. broadly speaking, this is the company with fundamentals and it is an investment that could pay off in the medium term. we will have the listing, the ringing of the gong that will happen in the next hour or so. looking forward to that. staying in india, pharmaceutical tycoon has bought 50% stake in a major bollywood production company,

that investment amounts to roughly $119 billion and comes at a time when the indian film industry has been struggling to get back on its feet since the covid—19 pandemic shot cinemas. we will turn our attention to hong kong next what authorities are there looking at ways to revive the city is polygonal property market. one of the measures introduced earlier this month was the easing of mortgage rules on homes. but have these measures have been enough to turn things around? the chairman of group says 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, - everywhere in the world, interest rates are high, property slums and basically, that's been the biggest problem that's been the biggest problem that we faced in hong kong because of being paid for over 30 years in us dollars, its service well for more than a0 years and continues to service

well but when it comes 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 and that's really been the biggest problem we faced since the us decided to raise the interest rates during inflation and cause during covid. caused huge inflation, the 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. later on tuesday, the monetary — help. later on tuesday, the monetary fund _ help. later on tuesday, the monetary fund will - help. later on tuesday, the monetary fund will publish l help. later on tuesday, the l monetary fund will publish its biannual globally economic outlook and expected to be downbeat, with one or two assertions such as the us, many

which economies are suffering from media growth if not an outright recession which makes the burden is even more unsustainable. michelle fleury has more from york. the international monetary fund issues is a semi—annual world economic outlook 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? a question i put a former imf deputy director, the president of queen's college cambridge. there is only four known solutions to high debt, the growth is the answer to most of the problem. then, if you can't get growth, you can try, financial repression is what we've done, lower interest rates artificially to tax creditors

as a subsidised and it's the economy so, you don't want to do that, you can try but 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. back injuly, the imf projected 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 debt 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 on the campaign trail about how to find the nations own huge debt. proceedings in a class action lawsuit against mining giant bhp have begun in london, over the collapse of the companies mariana dam in brazil back in 2015. the disaster to the release of toxic mining waste that killed 19 people and devastated local communities. lawyers representing the thousands of victims are seeking $a7 billion in damages.

over to australia which passed a law earlier this year that gives employees the right to ignore their bosses outside working hours. called the right to disconnect, it's similar to legislation in about 20 other countries including france, phil mercer went to sydney to find out how its impact in the workplace. 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 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. elon musk and tesla and warner bros. discovery are being sued in relation to their rubber taxi event held earlier this month. the lawsuit filed by the producers of blade runner 20a9

alleges that the mask and tesla had been denied permission to use imagery from the film for the event but to use it anyway. elon musk, tesla and warner bros. discovery had not responded to the lawsuit. nike has sealed a 12 year extension due to continue being the exclusive power provider for the mba and wnba. as part of the mba and wnba. as part of the deal, the sports training will provide on—call uniforms for the leagues until 2037. this marks the first major deal under new chief executive who took over the company last week. in other news, disney has finally announced that it will name is next chief executive in 2026, this is the first timeline the company has publicly given for appointing a successor to current ceo bob iger. the company has also named morgan stanley former boss as the new chairman of the board. hejoined the disney board. hejoined the disney board in 2023. that's it for this edition of business today, thank you for watching.

hi, i'm lola with the catch up. tonight — what could be the future for young drivers, faraj�*s 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 stratton 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 around no passengers around your age for the first six months sound? that's what the aa suggest backing a call from a mother whose son 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?

the 25—year—old woman, victoria thomas bowen, has pleaded guilty to assault by beating. 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 uplift everyone. nothing but positive vibes. my kids were like, "give tiktok a try," and i was like, "you're crazy," 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 sponsorship deal with a saudi oil company a punch in the stomach. they've written an open letter to the sport's world governing body — asking them to end their agreement with saudi aramco.

the country is hoping to host a future women's world cup,