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Tata's Mega Power Move, CarDekho's IPO, Festive Sales Boom, and RBI's Gold Loan Warning #news

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"In the past 24 hours, significant developments have occurred in the Indian stock market.

1. The Tata Group is about to make a big investment in the power sector. Tata Power, in collaboration with the Rajasthan government, will invest ₹1.2 lakh crore in the power sector over the next 10 years.

This plan will help Rajasthan become a power surplus state, ensuring that people get 24/7 affordable, clean, and reliable electricity.

2. Indian startup CarDekho is also planning to launch its IPO. According to reports, they could bring their IPO next year and aim to raise $500 million through it.

3. In the first three days of festive sales, the total has crossed ₹26,500 crore.

According to reports, 65 million people visited Flipkart, 120 million visited Myntra, and Meesho saw a significant rise in visitors during the initial days of the sale.

4. The RBI has issued a warning to all banks. The RBI has said that if banks do not fix the irregularities in their gold loan practices within the next three months, action will be taken against them.

Since the gold loan sector is growing rapidly, there is a need for more control and transparency."

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