Real-Time Business News Updates: Stay Informed with the Latest Developments in Business and Stock Market
Business News LIVE Updates Today: Bajaj Housing Finance’s IPO debut is making waves in the market, with shares doubling on the first day of trading. The company raised $781 million, marking India’s biggest IPO of the year. The strong performance was fueled by high demand from retail investors, showcasing the confidence in the company’s brand and track record of success.
In other news, Sebi has reassured employees that their concerns will be addressed internally, emphasizing their commitment to maintaining high governance standards. PwC is investing in sustainable business practices in China following a record penalty for its audit of China Evergrande Group. Prime Minister Narendra Modi announced that over 1.3 crore families have applied for the PM Solar Rooftop Scheme since its launch.
Gold prices have hit all-time highs, driven by a weaker dollar and expectations of US interest rate cuts. Samsung workers in Chennai were detained for planning a protest over low wages, impacting production. Bajaj Housing Finance’s strong listing has analysts cautioning investors about high valuations.
Elon Musk has increased his security measures with a team of 20 bodyguards following escalating threats. Gold and silver prices are on the rise, with 10 gm of 24-carat gold priced at Rs. 75,415 in Delhi. Adani Group has secured a $1.3 billion contract to build power lines in Kenya.
Despite the positive news, BMW is facing a €1 billion recall affecting 1.5 million cars due to faulty brakes, highlighting the importance of quality control in the automotive industry. Stay tuned for more updates on the latest in the world of business and stock market trends.
