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Indian IPOs’ finance fetish will keep investors seduced

  Bloomberg Six years ago, India’s biggest share sale was in commodities. Now, as the IPO market heats up again, the key to investors’ hearts lies in finance. ICICI Prudential Life Insurance’s float has attracted strong demand, drawing orders of 10.5 times the amount of stock available to raise as much as 60.6 billion rupees ($909 million). It’s the nation’s ...

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Five killed in US mall shooting, gunman flees

  Los Angeles / AFP Police were searching on Saturday for a gunman who killed five people during a shooting at a mall in the US state of Washington, amid a raging national debate over gun control. Four women and one man were killed, police said in an updated toll. The man had been taken to hospital with life-threatening injuries, ...

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7 face death for killing officer in Egypt

  Cairo / AFP An Egyptian court on Saturday sentenced seven men to hang for killing a police general in the unrest following the 2013 military overthrow of president Mohamed Morsi. It was the defendants’ second trial, after having won an appeal against an initial sentencing. They can appeal one last time. General Nabil Farag was shot dead in September 2013 ...

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