Infrastructure and renewable energy firm Current Infraprojects has completed the allotment process for its SME IPO today, September 1, 2025, following an overwhelming subscription response. The ₹41.80 crore public issue, which was open from August 26 to August 29, saw a staggering overall subscription of 379.44 times, with the retail portion booked 396.50 times and…
India’s manufacturing sector delivered a record-breaking performance in August 2025, with the HSBC India Manufacturing Purchasing Managers’ Index (PMI) climbing to 59.3—its highest level in 17-and-a-half years. The PMI reading, compiled by S&P Global, signals the fastest improvement in operating conditions since February 2008, driven by robust domestic demand, production efficiency, and renewed business confidence….
In a landmark move to accelerate India’s bioeconomy and innovation ecosystem, the Union government has launched a nationwide network of 21 integrated biotechnology centres, designed to serve startups, academic institutions, and industry players with shared infrastructure and advanced biomanufacturing capabilities. Rolled out under the BioE3 Policy (Biotechnology for Environment, Economy and Employment), the initiative aims…
In a major milestone for India’s consumer electronics sector, the Securities and Exchange Board of India (SEBI) has approved the confidential Draft Red Herring Prospectus (DRHP) of Imagine Marketing Ltd, the parent company of boAt. The regulatory nod marks a significant step toward the long-awaited initial public offering (IPO) of the homegrown audio and wearable…
In a decisive leadership transition, Nestlé S.A. has appointed Philipp Navratil as its new Chief Executive Officer, effective immediately, following the dismissal of Laurent Freixe over a breach of corporate conduct. Navratil’s elevation marks a remarkable journey from internal auditor to the helm of the world’s largest food and beverage company, underscoring Nestlé’s commitment to…
Peng Zhao, the Chinese-American CEO of Citadel Securities, is once again making headlines—not for a market disruption or a billion-dollar trade, but for his growing influence at the intersection of finance, artificial intelligence, and global diplomacy. With a PhD in statistics from the University of California, Berkeley, and a bachelor’s degree in applied mathematics from…
Marcellus Investment Managers founder Saurabh Mukherjea has reignited the debate on banking sector leadership, declaring that the post-COVID “downhill racing” phase is over and the time has come for the “Ferraris of banking” to pull ahead. Speaking on The Wealth Formula podcast, Mukherjea likened the easy-money era of 2020–2022 to a downhill race where even…
L&T Semiconductor, the chip design arm of engineering conglomerate Larsen & Toubro, is preparing to evaluate an initial public offering (IPO) once it surpasses the $500 million revenue milestone. CEO Sandeep Kumar confirmed that the company will consider going public only after achieving this financial benchmark, which he described as “a necessary threshold for scale…
In a major boost to India’s International Financial Services Centre (IFSC) ecosystem, NJ Asset Management is set to launch its first retail mutual fund offering from GIFT City, Gandhinagar. The move marks a significant milestone in expanding India’s offshore fund management capabilities, allowing resident and non-resident investors to access dollar-denominated products with Indian equity exposure….
India’s foreign exchange markets are bracing for heightened volatility as economists warn that the Indian Rupee could slide to ₹90 against the US Dollar following the Trump administration’s decision to impose a 50% tariff on Indian exports. The move, which took effect on August 27, 2025, has triggered concerns over trade imbalances, capital outflows, and…
