The SME IPO of Monarch Surveyors and Engineering Consultants Ltd closed with stellar subscription of 24.40 times, reflecting robust investor confidence despite market volatility. The issue opened on July 22, 2025 and closed on July 25, 2025, receiving an overwhelming response across all categories, especially retail individual investors (RIIs) and non-institutional investors (NIIs). IPO Subscription…
In a breakthrough that echoes ancient alchemical dreams, a US-based startup has announced that it has successfully converted mercury into gold using nuclear fusion technology. The claim has captured the imagination of scientists, investors, and the public alike, as transmutation of elements—once dismissed as science fiction or medieval fantasy—could now be entering the realm of…
The IPO of Monarch Surveyors and Engineering Consultants Ltd witnessed a blockbuster opening on Day 1 as it was subscribed 11 times within just four hours of bidding, driven by overwhelming demand from retail individual investors (RIIs) and non-institutional investors (NIIs). This strong response has boosted the grey market premium (GMP), signalling robust listing expectations….
Colgate Palmolive India has reported a net profit decline of 11.8% year-on-year to ₹321 crore for the first quarter ended June 30, 2025, compared to ₹364 crore in the same quarter last year. The leading oral care company attributed the decline in profit to higher raw material costs and promotional spending even as revenue showed…
Paytm founder and CEO Vijay Shekhar Sharma has declared an end to the era of ‘adjusted EBITDA’ reporting at the fintech giant, signalling a new phase of transparent financial disclosures as the company navigates regulatory pressures and focuses on achieving full profitability. Speaking at Paytm’s recent internal townhall and investor interactions, Sharma said, “No more…
SoftBank’s ambitious attempt to collaborate with OpenAI on its massive Stargate AI supercluster project has reportedly hit a major roadblock, with Tesla and xAI CEO Elon Musk commenting that “They simply don’t have the money!” The development has raised questions about the viability of what was touted to be the world’s most powerful AI data…
India is poised to become the world’s third-largest economy by 2028 and is expected to reach a GDP size of $10.6 trillion by 2035, according to a new research note by Morgan Stanley economists. The report highlights India’s structural transformation driven by policy reforms, manufacturing growth, and a robust digital economy as key enablers of…
Tata Communications Chief Executive Officer AS Lakshminarayanan has highlighted that the company continues to face pricing pressure across key connectivity services amid an uncertain global macroeconomic environment, but added that its focus on emerging digital and AI Cloud solutions is yielding strong traction with enterprise customers globally. Speaking during the company’s Q1 FY26 earnings call,…
LTIMindtree’s recently appointed CEO and Managing Director Venu Lambu has expressed confidence in the company’s growth outlook, emphasising that the organisation is entering a phase of stronger revenue expansion along with improvement in operating profit margins over the coming quarters. Speaking to analysts and employees during the company’s quarterly strategy townhall, Lambu highlighted that LTIMindtree…
UltraTech Cement’s Executive Director and Chief Financial Officer Atul Daga has stated that “South could be the new North” for India’s cement sector, highlighting strong demand potential emerging from southern markets that could outpace growth in northern regions over the coming years. Speaking at an investor interaction, Daga said that the cement industry is witnessing…
