Apollo Global Management is exploring an IPO for Tenneco Inc.’s India business, potentially valuing it at around $2 billion. Tenneco, acquired by Apollo for $7.1 billion in 2022, could raise $400 million to $500 million through the IPO, reflecting India’s vibrant market.
Oil Price Today (May 25): Crude oil hits 2-week low as US-Iran peace deal moves closer. Is the worst behind?
Oil prices dipped to two-week lows as U.S.-Iran peace talks showed progress, potentially reopening the vital Strait of Hormuz. Despite optimism, significant hurdles remain, with