Skip to content
Search

Latest Stories

Indian stock exchange seeks $182 million through IPO

The Bombay Stock Exchange will seek to raise $182 million (£148 million) through an initial public offering next week, its chief executive said on Tuesday (17).

The IPO will open on January 23 and last three days, with shares priced at Rs 805 ($11.84, £9.61) and Rs 806 , the director and chief executive of the Bombay Stock Exchange, Ashish Chauhan, told a press conference in India’s commercial capital Mumbai.


“I urge investors to study, go through all the details and then invest,” Chauhan said, adding that the BSE hopes to raise 12.43 billion rupees ($182 million) through the flotation.

The exchange’s shares will be listed on its chief rival, India’s National Stock Exchange. The flotation brings the BSE in line with most other stock markets around the world which are already publicly-listed companies.

The BSE was officially established in 1875 and has been keen on listing for several years but was impeded by regulatory hurdles.

The Securities and Exchange Board of India (SEBI), the country’s market regulator, last year amended regulations to make it easier for stock exchanges to float, leading the BSE to apply for an IPO in September.

The BSE began life in the 1850s when a small group of traders used to gather under banyan trees outside the town hall of what was then called Bombay, now known as Mumbai.

More For You

5 best wireless headphones in 2025:Top picks for every budget in the UK

Discover the top wireless headphones of 2025 for every lifestyle and budget

iStock

5 best wireless headphones in 2025:Top picks for every budget in the UK

Wireless headphones are no longer just a luxury; they’re a lifestyle essential. Whether you’re blasting your favourite playlist on your morning commute across London, tuning out distractions while working from home, or hitting the gym, the right pair can make all the difference. But with countless options flooding the market, how do you choose? Don’t worry—we’ve done the hard work for you. From premium noise-cancelling powerhouses to wallet-friendly gems, here are the five best wireless headphones to elevate your audio game in 2025. Here’s our list:

1. Bowers & Wilkins Px8 (2025 Edition): A standout choice for UK audiophiles, the Bowers & Wilkins Px8 combines British craftsmanship with cutting-edge technology. Known for their luxurious design and exceptional sound quality, these over-ear headphones feature enhanced noise cancellation and up to 35 hours of battery life. Whether you’re navigating the Tube or enjoying a quiet evening at home, the Px8 delivers a rich, immersive listening experience.

Keep ReadingShow less
Bank-of-England-Getty
A general view of the Bank of England on December 19, 2024 in London. (Photo credit: Getty Images)

Bank of England set to reduce interest rate amid weak growth

THE BANK OF ENGLAND is expected to cut its key interest rate on Thursday as it seeks to support weak economic growth, even though inflation remains above target.

Analysts predict the central bank will reduce borrowing costs by a quarter point to 4.50 per cent at its first rate meeting of the year.

Keep ReadingShow less
OYO to boost UK presence with £50m investment

OYO operates more than 200 budget hotels across 65 UK cities

OYO to boost UK presence with £50m investment

OYO, a hospitality technology company, aims to invest £50 million in the UK over three years to expand its premium hotel portfolio, supporting 1,000 jobs in the hospitality sector.

The company is upgrading its UK portfolio by acquiring premium inventory and securing longterm leasehold and management contracts. OYO is in advanced talks with large hotel chains and real estate firms for asset management deals, the company said in a statement released to Indian media.

Keep ReadingShow less
India and Britain brace for impact of Trump tariff threat

India lowers duties on high-end motorcycles to 30 per cent

India and Britain brace for impact of Trump tariff threat

INDIA does not want to give any signal that it is protectionist, the top bureaucrat in the finance ministry said, after slashing import duties on high-end motorcycles, amid US president Donald Trump’s moves on tariffs.

Trump has ignited a trade war with sweeping tariffs on Canada, Mexico and China. None were aimed at India, although Trump had called it a tariff abuser during his election campaign last year.

Keep ReadingShow less
Diageo-jw-reuters

The global beverage company is known for brands like Johnnie Walker. (Photo: Reuters)

Diageo faces challenges in life after Ivan Menezes

DIAGEO, the global beverage company known for brands like Johnnie Walker and Guinness, has encountered significant challenges following the death of CEO Sir Ivan Menezes in June 2023. Menezes, who had led the company since 2013, was succeeded by Debra Crew.

Under Crew's leadership, Diageo has faced a profits warning and adverse global consumer trends. The company's shares have declined nearly 30 per cent since her appointment.

Keep ReadingShow less