HDB Financial Services Ltd, the non-banking financial subsidiary of HDFC Bank, made a robust debut on Indian stock exchanges today, listing at a 13% premium to its issue price, reflecting strong investor demand for quality NBFCs with a diversified retail lending portfolio. The stock opened at Rs 1,243 on NSE against the issue price of…
Agritech innovation in India continues to gain momentum as Eeki, a leading climate-controlled farming startup, announced raising $7 million (approximately Rs 58 crore) in its latest funding round led by Sixth Sense Ventures, a consumer-focused domestic venture capital firm. The funding comes at a critical growth stage for Eeki as it seeks to scale its…
Paytm’s dramatic journey in 2025 continues to test investors’ nerves. After delivering a stunning 164% rally in 2024, shares of One97 Communications Ltd (Paytm) have slipped ~9% in the first half of calendar year 2025 (H1CY25) amid regulatory clampdowns, merchant base disruptions, and muted revenue guidance. As H2 approaches, investors are asking – will it…
India’s equity markets witnessed sharp profit booking in newly listed shares on Tuesday, with Kalpataru Projects International, Globe Civil Projects, and Ellenbarrie Industrial Gases falling up to 5% intraday. The correction comes after a strong debut rally driven by robust subscription demand, reflecting the common pattern of early listing volatility as investors book gains. Market…
Adani Ports and Special Economic Zone Ltd (APSEZ), India’s largest integrated ports and logistics player, reported robust operational performance for June and Q1 FY26, handling 41.3 million metric tonnes (MMT) of cargo in June 2025 alone, marking its continued dominance in the Indian ports sector. Key Highlights Month-Wise Cargo Performance Month Cargo Volume (MMT) YoY…
India’s iron ore sector recorded a marginal increase in production to 53 million metric tonnes (MMT) during April-May 2025, according to the Ministry of Mines provisional data released this week. This marks a 2.1% year-on-year (YoY) rise compared to 51.9 MMT produced in the same period last year, indicating resilient operational performance despite challenges of…
India’s economic engine continues to display resilient momentum, with GDP growth for FY26 projected at 6.3%, driven significantly by robust informal sector expansion and steady consumption demand, according to recent official estimates and market economists’ analyses. Key Highlights Detailed Quarterly Performance Quarter Estimated Growth Rate (%) Key Contributors Q1 (Apr-Jun) 7.0 Informal sector, services, domestic…
India’s pharmaceutical sector has showcased remarkable resilience and growth, clocking exports worth $5 billion in April and May 2025, according to data released by the Pharmaceuticals Export Promotion Council of India (Pharmexcil). This performance highlights sustained global demand for Indian generic drugs, vaccines, and Active Pharmaceutical Ingredients (APIs) amid economic headwinds and geopolitical disruptions. Key…
Curefoods, the cloud kitchen operator founded by Cure.fit co-founder Ankit Nagori, has filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) to raise ₹800 crore through an Initial Public Offering (IPO). The IPO comprises a fresh issue worth ₹300 crore and an offer for sale (OFS) of shares…
German Green Steel and Power Ltd., a Gujarat-based manufacturer with a strong footprint in sustainable steel production and green power generation, has filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) to launch an Initial Public Offering (IPO) worth ₹450 crore. The upcoming IPO marks a pivotal moment…
