Pony.ai Inc. aims to raise up to $195 million in its US initial public offering, with a price range of $11 to $13 per share, implying a market value of $4.5 billion. The autonomous driving startup has received commitments from investors including Guangzhou Automobile Group and ComfortDelGro Ventures to purchase up to $75 million worth of shares.
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Prestige Estates Projects acquires 22,135 sq meters of land in Mumbai for Rs 291.58 crore, planning to develop approximately one million sq ft of residential space. The company reports Q2 FY25 sales of Rs 4,226 crore, with total first-half sales reaching Rs 7,052 crore and launching projects worth Rs 10,000 crore.
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Oil prices edged down early on Friday as oversupply concerns and demand worries stemming from a stronger dollar outweighed a steep draw in U.S. fuel stocks. Brent crude futures were down 30 cents, or 0.41 Percent , at $72.26 a barrel by 0105 GMT. U.S. West Texas Intermediate crude futures were down 25 cents, or 0.36 Percent , at $68.45. For the week, Brent is set to fall about 2.2 Percent.
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