Market News
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Tata Motors bags orders for over 5000 buses and chassis
Tata Motors has secured significant supply orders for over 5,000 buses and chassis from various state transport undertakings nationwide. These diverse orders, including Magna and Starbus models, will be deployed across multiple states for intercity and intracity operations. This achievement underscores Tata Motors' leading role in shaping India's public transportation future.
Godrej Properties acquires land in Gurugram, Kolkata; locks in ₹6,150 crore residential project pipeline
Premium projects in Kolkata and Gurugram add over ₹40,000 crore of future sales potential, cementing Godrej Properties' record year for business development.
Unilever to sharpen India play with premium & q-comm push
The Indian unit, Hindustan Unilever (HUL), is reshaping and investing in its product portfolio to prepare for the future, with a sharper focus on premium offerings and an expanded presence in digital commerce, chief executive Fernando Fernandez said.
Heineken bets on India’s premium beer demand for future growth
Heineken views India as a vital part of its global strategy. The company acknowledges recent sales dips due to weather but confirms its market share remains strong. Kingfisher and its premium brands like Heineken Silver are driving growth. India's beer market is expanding, and Heineken is leading category development and sales transformation.
Markets Erase Gains as Metals Drag; IDBI Bank Bid Race Heats Up | Closing Bell
Markets surrendered early gains as metal stocks dragged benchmarks lower, with the Nifty hovering near 24,100 despite strength in auto counters. ONGC, Hindalco and Power Grid led the losers, while InterGlobe Aviation, M&M and Maruti Suzuki outperformed. In corporate news, Amazon CEO Andy Jassy met PM Narendra Modi and announced an additional $13 billion investment in India, taking Amazon's planned investment to $48 billion through 2030. Fairfax is reportedly back with a fresh bid for IDBI Bank, valuing the lender at ₹77 per share and potentially unlocking a ₹50,000 crore divestment for the government and LIC. Meanwhile, uncertainty continues around Tata Sons as RBI is yet to decide on its NBFC deregistration request, keeping the possibility of a future listing alive. Catch all the key market moves, corporate developments and top business headlines in this edition of Closing Bell.