in india, shares in hyundai motor india have begun trading on the mumbai stock exchange today in what korean car maker's indian unit at $19 billion. hyundai is looking to cash in on india's booming stock market and fast growing car sales. our india business reporter archa shukla has been following the day's trading in mumbai. how is it looking right now? the markets have just closed and it has not been a great day for hyundai. it saw a muted listing, it closed 6.69% lower as against its issue price. this was kind of expected, looking at how the book was subscribed. two full subscriptions by institutional investors, but retail investors have stayed away. most of the investors have been wary of the expense of valuations of the issue price for hyundai shares in india, and also not certain that it will be able to make money on this expensive listing in the indian market for the moment. but overall, it has been a very significant ipo. the first for the korean car—maker outside of its home country, and for india at the largest ever that it has seen at $3.3 billion. and it also shows how cru

staying in the sector, shares of hyundai motor india falling on the debut of the stock market. e company has a 15% share in india listed a $3.3 billion ipo. india's largest ever. >>> still coming up on the show, we talked a lot about this the election is two weeks away trump and harris are making the final sprint to election day we will have the latest from the campaign trail after this short break. don't go away. your business needs a network it can count on... even during the unexpected. power's out! -power's out! comcast business has you covered, with wifi backup to help keep you up and running. wifi's up. let's power on! let's power on! -let's power on! it's from the company with 99.9% network reliability. let's power on! power on with the leader in connectivity. stay connected with comcast business internet and wifi back-up or get started for $49.99 a month. plus ask how to get up to a $500 prepaid card. call today! - [narrator] life with ear ringing sounded like a constant train whistle i couldn't escape. then i started taking lipo flavonoid. with 60 years of clinical expe

high on motor india gears up for its public debut today in the country's largest leasing today. —— high hyundaing 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 wh

. _ in india, shares in hyundai motor india have begun trading on the mumbai stock exchange today in t—ever market listing. it could value the south korean car maker's indian unit at $19 billion. hyundai is looking to cash in on india's booming stock market and fast growing car sales. our india business correspondent archana shukla has more. it was a lacklustre debut. hyundai listed at a discount and closed over 6% lower against its issue price on day one, but this performance was kind of expected given the ipo book was largely oversubscribed by institutional investors, and retail investors had stayed away concerned with the expensive valuations and worried they would not be able to make gains on the listing. this is similarfate to previous large ipos like of life insurance corporation or payments company paytm. in fact, a bloomberg report says hyundai india's valuation was about five times its korean parents, although the valuation was in line with indian peers such as maruti suzuki. now, despite a muted show, the ipo is significant. it is the first time the korean car maker is listi

now to india where shares in hyundai motor india have just begun trading on the mumbai market in whatt could value the south korean car maker's indian unit at $19 billion. hyundai is looking to cash in on india's booming stock market and fast growing car sales. let's talk to our india business correspondent nikhil inamdar in mumbai. joe started to trade, what can you tell us?— you tell us? that's right, completely _ you tell us? that's right, completely lacklustre - you tell us? that's right, - completely lacklustre opening infarct of the stock opening and a listing price so the price was expected given the very expensive valuations and a lot of analysts have actually flagged down and also the fact that foreign investors have been pulling money out of india, $10 billion out and markets like china. but respective of the initial bombs as you pointed out, are very important listing for india, it is the country's largest ipo, that's far bigger than the previous listing that we've seen clear such as btm, the giants or even the life insurance corporation of india, also important because thi

turning to india, where shares in hyundai motor india have begun trading on the mumbai stock exchangecountry s biggest—ever market listing. it could value the south korean car makers indian unit at $19 billion. hyundai is looking to cash in on its booming stock market and fast growing car sales. our india business correspondent archana shukla has more. it was a lacklustre debut. hyundai listed at a discount and closed over 6% lower against its issue price on day one, but this performance was kind of expected given the ipo book was largely oversubscribed by institutional investors, and retail investors had stayed away concerned with the expensive valuations and worried they would not be able to make gains on the listing. this is similarfate to previous large ipos like life insurance corporation or payments company paytm. in fact, a bloomberg report says hyundai india's valuation was about five times its korean parents, although the valuation was in line with indian peers such as maruti suzuki. now, despite a muted show, the ipo is significant. it is the first time the korean car maker

it has to do with hyundai motor india. >> this is a record in terms of the proceeds that have been raisedthis particular company. as you say, there is a lot of excitement surrounding this. we are watching closely how investors will receive this on the first day of training. what was interesting out of the share sale last week was the way retail investors were lukewarm to the ipo. they only scooped up half what was allotted to them. this is a market that is the busiest venue for ipos in the world. it was something to see the way in which retail investors received it. there are theories as to why there was a valuation risk, things were on the upper end, so it didn't leave much on the table for future gains. you think about how the funds accrued will be going straight to the parent company. not to hyundai motor india itself. that was a cause for concern. chief among these concerns was also the timing. you think about the indian auto stock rally that has cooled off a little. indian broader markets have underperformed given how investors are weighing out the china stimulus prospects. these are

that's began in india where we are waiting for hyundai motor india to list on the mom by truck exchange 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. a, so important for india. couple of

. >>> shares of hyundai motor in india falling at the debut after the record ipo in the country. reports it was two times over subscribed. >>> and logitech following the demand growth in the recent quarter. the tech company says earnings top expectations for q2. >>> coming up on "worldwide exchange," the one word that every investor needs to know today and vice president harris rhetoric with the plans to tax the rich >>> and cnbc is honoring national disability awareness month. as we head to break, here is the podcaster aliycia anderson. >> businesses not avoid the human experience we embed inclusion, businesses are better off for it. it drives revenue. there is a return on investment that transcends much farther than one boardroom table recomme. our neighbors, the garcía's, love working with you. because the advice we give is personalized, -hey, john reese, jr. -how's your father doing? to help reach your goals with confidence. my sister's told me so much about you. that's why it's more than advice worth listening to. it's advice worth talking about. ameriprise financial. there

will india win the addition to the market gauge? and hyundai motors seeking to earn $3 billion with its ipo of its indian unit, kicking up the country's biggest ever listing. let's get the markets and avril hong. we saw that relentless rally in the u.s., but not the same story in china. avril: it is not partaking in those gains overnight. what we see in china is an under performance the broader asian markets, which originally left the region -- led the region's benchmark with gains, but ultimately succumbing to pessimism after the holiday spending data. we see the stocks in hong kong in negative territory, extending the losses. the worst day in 16 years. we are also seeing the mainland stocks raising yesterday's gains. this is coming against the backdrop of an underwhelming in drc. no plan on the housing slump or reviving consumer sentiment. we also wanted to focus on what we see in the rbnz. we are still seeing quite steep declines on the kiwi dollar, and this is coming after some comments from the rbnz suggesting it sees financial conditions current