Ecos (India) Mobility and Hospitality, a provider of corporate car rental services, plans to raise ₹601 crore through an offer for sale by promoters, which will reduce their stake from 98% to 68%. The company has access to over 12,500 vehicles, ranging from economy to luxury cars, but only 6% of the fleet is owned by the company.
Asian stocks, US futures rise on Japan trade deal
Asian shares experienced a boost following President Trump’s announcement of a trade deal with Japan, easing concerns about the tariff war. The agreement involves Japan