Business Industry

Mobile Retailers Demand Ban on Chinese-Owned Mobile Brands

By BPN News Desk October 1, 2024

Indian mobile retailers have called on the Central government to ban Chinese-owned mobile brands such as iQoo, Poco, and OnePlus, citing their alleged anti-competitive practices that harm local businesses and impact the national economy. The All India Mobile Retailers Association (AIMRA), representing over 1.5 million mobile retailers across the country, has formally

Business Finance

Manba Finance Shares to List Today with Expected 35% Listing Gains

By BPN News Desk September 30, 2024

Shares of Manba Finance are scheduled to make their debut on Dalal Street today. Despite anticipation for a strong listing, investors are advised to moderate their expectations due to a significant drop in the grey market premium (GMP) ahead of the stock’s market entry. The recent rise in broader market volatility has affected Manba Finance’s […]

Business Industry

Tata Motors Breaks Ground on ₹9,000 Cr Manufacturing Plant in TN

By BPN News Desk September 28, 2024

In a major boost to the “Make in India” initiative, Tata Motors Group has initiated the construction of a new state-of-the-art production facility in Panapakkam, Ranipet district, Tamil Nadu. This world-class plant will manufacture next-generation cars, SUVs, and electric vehicles (EVs) for both the domestic and international markets, catering to Tata Motors

Business Markets

Sensex Surpasses 85,000 for the First Time, Nifty Closes Above 26,000 Mark

By BPN News Desk September 25, 2024

The Indian stock market reached new milestones on Wednesday, with the Sensex closing above 85,000 for the first time ever, and the Nifty surpassing the 26,000 mark on a closing basis. Both indices recovered from intraday lows, ending the session at record highs. The Sensex, a 30-stock index, rose by 256 points to close at […]

Business Markets

Gold Prices Increase Amid West Asia Tensions, Silver Declines for the Second Day

By BPN News Desk September 25, 2024

Gold prices in India surged by ₹210 to reach ₹76,520 per 10 grams on Wednesday, September 25, 2024, amid global market uncertainties driven by escalating tensions in West Asia. The ongoing conflict between Israel and Hezbollah has bolstered the yellow metal’s safe-haven appeal, pushing it to near-record highs globally. Spot Gold in New York hit […]

Business Markets

Hyundai Motor Secures SEBI Approval for India’s Biggest IPO, Aiming to Raise $3 Billion: Report

By BPN News Desk September 25, 2024

Hyundai Motor India is set to launch the largest initial public offering (IPO) in India’s history, after receiving approval from the Securities and Exchange Board of India (SEBI). The South Korean automaker, through its Indian subsidiary, plans to raise $3 billion (approximately ₹25,000 crore), surpassing the previous record held by LIC’s ₹21,000 crore share sale.

Business Industry

JSW Group Relocates ₹40,000 Crore EV Initiative to Maharashtra from Odisha

By BPN News Desk September 25, 2024

The JSW Group has decided to shift its planned ₹40,000 crore electric vehicle (EV) and battery manufacturing project from Odisha to Maharashtra, according to a report by Mint. This move comes seven months after the conglomerate, led by Sajjan Jindal, formalized an agreement with the previous Odisha government under Chief Minister Naveen Patnaik. JSW is […]

Business Markets

Tata Steel Top Gainer as Nifty Ends Flat After Reaching 26,000 Mark

By BPN News Desk September 24, 2024

The Nifty 50 index closed nearly flat on Tuesday at 25,940.40, despite hitting an all-time high of 26,011.55 during the session. The market saw a balanced performance, with 25 stocks gaining and 25 declining. Tata Steel emerged as the top gainer, rising by 4.25% to close at ₹160.53, leading the surge in metal stocks after […]

Business Markets

Swiggy Secures SEBI Nod for IPO, Share Sale Likely in November

By BPN News Desk September 24, 2024

Food and grocery delivery giant Swiggy has received approval from the Securities and Exchange Board of India (SEBI) for its public listing, following its confidential IPO filing earlier this year, sources familiar with the development have revealed. Swiggy is now set to file an updated draft red herring prospectus (DRHP) before beginning its roadshows for […]

Business Markets

Stock Market Update: Mahindra & Mahindra, Bajaj Auto, and Eicher Motors Among Top Movers on September 23, 2024

By BPN News Desk September 23, 2024

The Indian stock markets ended the trading session on a positive note on September 23, 2024. The Nifty 50 closed at 25,790.95, reflecting an increase of 0.57%, while the index saw an intraday high of 25,956.0 and a low of 25,847.35. Similarly, the Sensex ended 0.45% higher at 84,544.31, marking a gain of 384.3 points […]