Endurance Technologies Ltd., a leading auto component manufacturer, has issued an official clarification regarding recent media reports suggesting a Rs 4,000 crore investment in Tamil Nadu. The company’s statement comes in response to heightened speculation following a news article that linked several auto and EV component makers—including Endurance Tech—to a large-scale investment initiative in the…
OpenAI, the world’s most valuable AI startup, is making headlines not just for its technological breakthroughs but for its audacious financial strategy. Under the leadership of CEO Sam Altman, the company has committed tens of billions of dollars to partnerships with Oracle, Microsoft, and Broadcom, aiming to transform AI hype into long-term profitability. But with…
The Indian equity market is witnessing another high-octane response from investors as the Dev Accelerator IPO has seen a massive subscription of 28 times on Day 3. The issue, which opened earlier this week, has caught the attention of both retail and institutional investors, marking it as one of the most sought-after SME IPOs in…
In a landmark ruling that could bring long-awaited relief to millions of small investors, the Supreme Court of India has approved the release of ₹5,000 crore from the SEBI-Sahara fund to repay depositors. This decision marks a critical step in the decade-long legal battle involving the Sahara Group and its controversial fundraising schemes. The move…
The much-awaited Urban Company IPO has created a buzz among retail investors, high-net-worth individuals (HNIs), and institutional investors. With its strong brand recall in the home services sector, Urban Company has positioned itself as a market leader, and its IPO has drawn significant attention in India’s primary market. Investors are now keenly awaiting the Urban…
In a significant move towards strengthening India’s renewable energy ecosystem, the Union Cabinet has approved land allotment to GAIL India Ltd. for setting up a state-of-the-art Bio-CNG unit in Bengaluru. This decision is a part of the government’s ongoing efforts to promote sustainable energy solutions, reduce dependence on fossil fuels, and boost the circular economy…
In a major boost to India’s semiconductor and electronics manufacturing ambitions, the Government of Maharashtra has allotted 100 acres of land to RRP Electronics Ltd., one of the country’s emerging semiconductor leaders. This strategic move is being hailed as a significant step towards strengthening India’s presence in the global semiconductor supply chain, while also aligning…
Gujarat-based steel manufacturer VMS TMT Ltd is set to launch its initial public offering (IPO) on September 17, 2025, aiming to raise ₹148.5 crore through a fully fresh issue of 1.5 crore equity shares. The IPO will close on September 19, with allotment finalization scheduled for September 22 and listing on both NSE and BSE…
Infosys Ltd, India’s second-largest IT services company, has announced its biggest-ever share buyback program worth ₹18,000 crore, aimed at enhancing shareholder returns and optimizing capital allocation. The board approved the buyback on September 11, 2025, offering to repurchase shares at ₹1,800 apiece—a 19% premium over the current market price of ₹1,512. This move marks Infosys’…
Paisalo Digital Ltd, a LIC-backed non-banking financial company (NBFC), witnessed a sharp 5% intraday rally on September 11, 2025, after its promoter group increased its stake and the company successfully raised ₹50 crore through secured non-convertible debentures (NCDs). The stock, which trades under ₹50, opened at ₹37 on the Bombay Stock Exchange (BSE) and touched…
Prestige Hospitality Ventures Ltd, the hospitality arm of Bengaluru-based Prestige Group, is gearing up to launch its ₹2,700 crore initial public offering (IPO) in October 2025. The company has already filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) and received regulatory approval to proceed with the listing….
Cotec Healthcare Ltd, one of India’s fastest-growing contract development and manufacturing organizations (CDMO), has filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) to raise ₹295 crore through a fresh issue of equity shares. The Roorkee-based pharmaceutical player aims to utilize the proceeds to expand its manufacturing footprint,…
In a major push to accelerate India’s green hydrogen ecosystem, the Union Government has launched a ₹100-crore dedicated scheme to support startups working on innovative technologies in hydrogen production, storage, transport, and utilization. The announcement was made by Union Minister Pralhad Joshi at the inaugural Green Hydrogen R&D Conference held in New Delhi on September…
Airfloa Rail Technology Ltd’s ₹91 crore SME IPO opened to a roaring start on September 11, 2025, with grey market premium (GMP) trends indicating a potential listing gain of nearly 118%. The IPO, which is entirely a fresh issue of 65 lakh equity shares, is priced between ₹133 and ₹140 per share and will remain…
Reliance Consumer Products Ltd (RCPL), the fast-moving consumer goods (FMCG) arm of Reliance Industries Ltd, has signed a landmark memorandum of understanding (MoU) with the Maharashtra government to invest ₹1,513 crore in a state-of-the-art food and beverage manufacturing facility in Katol, Nagpur. The announcement was made on September 11, 2025, during a high-profile investment summit…
India’s ambitious push to become a global electronics manufacturing hub has received a major boost, with the Centre confirming over 150 investment proposals worth ₹19,000 crore under the Electronics Component Manufacturing Scheme (ECMS). The scheme, launched by the Ministry of Electronics and Information Technology (MeitY), aims to strengthen domestic production of critical components such as…
India’s startup and manufacturing sectors are making global headlines this week, with two major developments signaling the country’s growing economic clout. Urban Company, the leading home services platform, has successfully launched its ₹1,900 crore initial public offering (IPO), while Apple has confirmed that its upcoming iPhone 17 series will be manufactured in India, marking a…
In a landmark move that positions India’s industrial sector on the global stage, Kolkata-headquartered Tega Industries has announced its intent to acquire Molycop, a 107-year-old U.S.-based mining consumables giant, in a $1.5 billion transaction. The acquisition, executed in partnership with Apollo Funds, marks the largest overseas industrial acquisition by a Bengal-based company and is expected…
India’s equity markets may appear range-bound, but beneath the surface, a constructive setup is quietly taking shape. Sandeep Tandon, Chief Investment Officer of Quant Mutual Fund, believes that the next 6–12 months could see a significant turnaround in key sectors—particularly information technology (IT), pharmaceuticals, and fast-moving consumer goods (FMCG). In a recent interview, Tandon shared…
In a strategic move aimed at reshaping the global rare earth supply chain, India is reportedly exploring a rare earth mineral partnership with Myanmar to counter China’s near-total dominance in the sector. According to recent reports, the Indian government has initiated efforts to secure rare earth samples from mines in northeastern Myanmar, particularly those under…
In a bold and candid assessment of global trade dynamics, Gautam Singhania, Chairman and Managing Director of the Raymond Group, has described the recent imposition of tariffs by the United States as a “dangerous game” that could trigger hyperinflation in America. Speaking at the centennial celebration of Raymond, one of India’s most iconic textile and…
In a significant development that has sent ripples through India’s corporate and financial sectors, the Enforcement Directorate (ED) has filed a fresh money laundering case against industrialist Anil Ambani and his company Reliance Communications (RCom). The case, linked to an alleged ₹2,929 crore bank fraud, stems from a First Information Report (FIR) filed by the…
Bengaluru-based data security startup Aurva has emerged from stealth mode with a $2.2 million seed funding round led by Nexus Venture Partners, signaling a major leap in enterprise-grade AI observability and access monitoring. The round also saw participation from DeVC, former Meta executives Chris Bream and Rahul Sood, Postman co-founders Ankit Sobti and Abhinav Asthana,…
In a strategic move that could reshape energy cooperation between the United States and Japan, Tokyo has hired global energy consultancy Wood Mackenzie to assess the viability of the long-delayed Alaska LNG project, which has received renewed backing from U.S. President Donald Trump. The $44 billion initiative includes an 800-mile pipeline stretching from Alaska’s North…
Union Commerce and Industry Minister Piyush Goyal has issued a stern warning to India’s steel industry, urging it to prioritize domestic suppliers and avoid the pitfalls of overdependence on imports. Speaking at the Indian Steel Association’s annual Steel Conclave on September 9, 2025, Goyal criticized the sector for failing to support the indigenous metallurgical coke…
Japan’s second-largest shipping company, Mitsui O.S.K. Lines (MOL), is actively seeking shipbuilding partnerships in India as part of its long-term strategy to expand its fleet and support India’s maritime ambitions. Speaking at the Asia Pacific Petroleum Conference (APPEC) in Singapore on September 9, 2025, MOL CEO Takeshi Hashimoto confirmed that the company is in talks…
Embassy Group, one of India’s leading real estate developers, has announced the complete sell-out of its luxury plotted development ‘Paradiso’ within the Embassy Springs township in North Bengaluru. The project, which spans 6.4 acres and features large-format plots ranging from 4,300 to 4,800 sq ft, has clocked pre-sales worth ₹204 crore as of September 9,…
Renowned valuation expert and NYU professor Aswath Damodaran has raised fresh concerns about India’s economic landscape, stating that the country’s real estate sector is currently more overvalued than its stock markets. In a recent blog post and media interactions, Damodaran argued that while Indian equities are richly priced, the housing market has reached levels of…
Renowned market strategist Gautam Shah has projected a bullish outlook for India’s equity markets, asserting that midcap and smallcap stocks are poised to drive the next major rally. In a recent interview with ETMarkets, Shah emphasized that while headline indices like the Nifty have remained range-bound, the broader market is showing signs of strength, supported…
Despite mounting global trade tensions and aggressive tariff regimes, India’s economic growth remains robust, according to a recent report by SBI Capital Markets. Titled “Tariffs Are Made in the USA, But Resilience Is Made in India,” the report highlights how domestic consumption, government spending, and strategic alliances are helping India weather the storm of global…
Karbonsteel Engineering Ltd has officially opened its ₹59.30 crore Initial Public Offering (IPO) for subscription today, September 9, 2025. The three-day book-built issue will close on September 11, with listing scheduled for September 16 on the BSE SME platform. The IPO has already garnered attention in the grey market, with a grey market premium (GMP)…
PCBL Chemical Ltd, India’s largest carbon black manufacturer and a key player in the RP-Sanjiv Goenka Group, has unveiled its Vision 2030 roadmap, aiming to double its revenue to ₹16,000 crore and achieve a five-fold increase in profit after tax (PAT) by FY30. The company plans to expand capacity by 50% across all product lines,…
Samvardhana Motherson International Ltd (SAMIL), one of India’s leading auto component and diversified manufacturing giants, has laid out its ambitious Vision 2030 roadmap, targeting $108 billion in gross revenue and a 40% return on capital employed (RoCE). The company also announced a dividend payout ratio of up to 40%, signaling strong shareholder value creation and…
Bharat Forge Ltd., the Pune-based engineering and defence major, has announced a landmark expansion into advanced defence manufacturing, triggering a sharp rally in its stock price. On September 8, 2025, shares of Bharat Forge jumped over 6% to ₹1,213.30 on the BSE, following news that its step-down subsidiary Agneyastra Energetics will acquire nearly 950 acres…
Craft Emerging Market Fund PCC has acquired a 3.87% equity stake in Prime Focus Limited, a leading global media and entertainment services company, through a block deal valued at ₹187.86 crore. The transaction, executed on September 8, 2025, involved the purchase of 1.20 crore equity shares at an average price of ₹156.55 per share, marking…
JioBlackRock Mutual Fund has announced the launch of India’s first AI-powered active equity fund—JioBlackRock Flexi Cap Fund—marking a significant milestone in the evolution of tech-enabled investing. The New Fund Offer (NFO) will open on September 23, 2025, and close on October 7, 2025. This open-ended equity scheme aims to deliver long-term capital appreciation by investing…
Bharat Petroleum Corporation Limited (BPCL) has received a crucial nod from the Expert Appraisal Committee (EAC) under the Ministry of Environment, Forest and Climate Change to prepare the Terms of Reference (ToR) for its proposed ₹1.03 lakh crore Greenfield Refinery and Petrochemical Complex in Andhra Pradesh. The massive infrastructure project, set to be located at…
India’s $225 billion IT services industry is bracing for a potential disruption as the United States considers imposing a 25% outsourcing tax under the newly proposed Halting International Relocation of Employment (HIRE) Act. Introduced by Republican Senator Bernie Moreno, the bill aims to penalize US companies that outsource jobs overseas, particularly targeting service payments made…
India’s equity markets staged a partial recovery this week, buoyed by optimism surrounding the government’s sweeping GST rate rationalisation. The revamped structure, which reduces the number of slabs to just 5% and 18%, is expected to inject fresh momentum into domestic consumption and corporate earnings. However, Vinod Nair, Head of Research at Geojit Financial Services,…
At the 24th Shanghai Cooperation Organisation (SCO) Trade Ministers’ Meeting held in Vladivostok on September 6, 2025, India raised strong concerns over persistent trade imbalances and the misuse of export controls, calling for a calibrated, transparent, and inclusive approach to global commerce. Representing India, Amitabh Kumar, Additional Secretary in the Department of Commerce, emphasized the…
The State Bank of India (SBI) has projected a modest ₹3,700 crore revenue loss to the central government in FY26 due to the latest Goods and Services Tax (GST) reforms, according to its recent research report. The reforms, approved by the GST Council at its 56th meeting, include a major rate rationalisation that replaces the…
In a major regulatory move aimed at preserving investor data integrity and ensuring uninterrupted Know Your Client (KYC) services, the Securities and Exchange Board of India (SEBI) has issued a comprehensive framework to streamline the surrender of registration by KYC Registration Agencies (KRAs). The circular, released on September 5, 2025, outlines a structured process for…
In a landmark development for India’s infrastructure and cement sectors, Vedanta Group has emerged as the winning bidder to acquire Jaiprakash Associates Ltd (JAL) with a ₹17,000 crore offer, beating out rival Adani Group in a tightly contested race. The acquisition marks one of the largest distressed asset takeovers in recent years and signals Vedanta’s…
India’s textile industry is poised for a transformational leap, with next-generation GST reforms unlocking new growth potential across the entire value chain—from fibre to fashion to foreign markets. The Ministry of Textiles, in coordination with the GST Council, has rolled out a series of landmark tax rationalisations aimed at correcting structural anomalies, reducing production costs,…
German bath fittings giant Hansgrohe is set to quadruple its production capacity in India by 2028, pivoting sharply toward the world’s most populous market amid a slowdown in China’s construction and consumption sectors. The company, known for its premium showers, faucets, and smart bathroom solutions, aims to scale up output at its Mumbai facility from…
India’s solar industry is experiencing a pivotal moment in its clean energy journey, as rising US tariffs on Indian solar exports have unexpectedly strengthened the sector’s domestic focus and manufacturing resilience. With the United States imposing up to 50% tariffs on Indian solar products since August 2025, manufacturers are recalibrating their strategies—shifting from export dependency…
India’s merchandise exports to the United States have already touched 50% of the total value recorded in FY25—within just the first five months of FY26—according to Union Commerce and Industry Minister Piyush Goyal. Speaking at a trade review meeting in New Delhi on September 5, 2025, Goyal emphasized that despite the pressure of elevated US…
India’s consumption-driven economy is poised for a major boost following the rollout of the new Goods and Services Tax (GST) structure, which slashes rates across key sectors including fast-moving consumer goods (FMCG), automobiles, and electronics. Veteran banker and HDFC Vice Chairman Keki Mistry has hailed the reform as a “game-changer,” predicting an immediate uptick in…
India’s chemical sector is on the cusp of a transformative shift, with a massive $25–30 billion opportunity to substitute imports through domestic manufacturing, according to SRF Chairman and Managing Director Ashish Bharat Ram. Speaking to media on September 3, 2025, Bharat Ram emphasized that India’s $4 trillion economy now has the scale to justify investments…
India’s semiconductor ambitions are set to receive a major boost as Intel Corporation gears up for its first strategic involvement in a domestic chip packaging facility. Intel CEO Lip-Bu Tan is likely to visit Odisha later this year for the groundbreaking ceremony of the 3D Glass Solutions (3DGS) semiconductor packaging plant, according to senior officials…
