The Cryogenic OGS IPO has witnessed an overwhelming response from investors, with the issue being subscribed a massive 646.5 times on its closing day. This makes it one of the most subscribed IPOs in recent years within the SME segment, showcasing robust market confidence in India’s industrial gas, cryogenic solutions, and engineering services growth story….
The IPO market continues to remain active as Spunweb Nonwoven Limited gears up to launch its public issue next week, aiming to capitalise on its leadership position in technical textiles and hygiene-based nonwoven products. The issue is likely to attract investor attention given the company’s strong order book, export focus, and the rising use of…
The initial public offering (IPO) of Travel Food Services (TFS) opened for subscription on Monday, 7 July 2025, but witnessed a muted response on its opening day. As per NSE data till market close, the IPO was subscribed only 7%, raising questions on market sentiment, pricing, and near-term growth visibility despite the company’s strong operational…
In a major boost to India’s emerging digital lending sector, InPrime Finserv has raised Rs 50 crore in its Series A1 funding round, led by Pravega Ventures with participation from existing investors including Nabventures Fund and a slew of angel backers. This capital infusion is expected to accelerate the company’s expansion across underserved markets, enhance…
India’s start-up ecosystem is witnessing a paradigm shift as faith tech emerges as the next big frontier, according to Prashant Sachan, CEO of AppsforBharat, the country’s leading devotional and faith technology platform. With spirituality, devotion, and wellness deeply embedded in Indian culture, faith tech start-ups are rapidly building digital ecosystems that cater to the spiritual…
Coursera, one of the world’s leading online learning platforms, has announced the appointment of Ashutosh Gupta as its new Managing Director for India and Asia Pacific (APAC). This strategic leadership move comes at a time when Coursera is looking to accelerate growth, expand partnerships, and drive digital skill transformation across its fastest-growing region. Ashutosh Gupta:…
India’s $250 billion IT services industry, long dominated by giants such as TCS, Infosys, Wipro, and HCL, is witnessing a wave of disruption as venture capitalists pour billions into AI-first startups aiming to transform traditional technology outsourcing models. From intelligent automation to generative AI-powered platforms, these startups are set to challenge decades-old delivery structures by…
Real estate major Puravankara Limited has announced that it has bagged redevelopment rights worth ₹2,100 crore gross development value (GDV) for a major project in Mumbai’s western suburbs. This strategic deal marks the Bengaluru-based developer’s significant push into Mumbai’s lucrative redevelopment market, which is increasingly attracting pan-India players eyeing high-value growth opportunities. Project details The…
In a historic transaction reflecting Mumbai’s evolving film and real estate landscape, Filmistan Studios, one of India’s oldest and most iconic film studios, has been sold for a whopping ₹183 crore. Founded by Sashadhar Mukherjee, grandfather of Bollywood stars Kajol and Rani Mukerji, Filmistan has been central to India’s cinematic journey for over seven decades….
In a major boost to Mumbai’s urban renewal landscape, Adani Properties and Maharashtra Housing and Area Development Authority (Mhada) have formally entered into an agreement to undertake one of the largest redevelopment projects in the city’s history. The project is expected to transform thousands of aging tenements into modern, high-rise residential and commercial complexes, enhancing…
In the wake of rising trade uncertainties under former US President Donald Trump’s proposed policies, Indian exporters are urging the government to fast-track a bilateral trade deal with Mexico to secure market access and supply chain stability for sectors vulnerable to tariff hikes. The call comes amid fears that if Trump returns to the White…
India’s economic trajectory for FY26 could see a marked slowdown, with nominal GDP growth likely falling to a six-year low, according to global brokerage Jefferies. This deceleration is expected to impact corporate earnings, with sectors highly reliant on inflation-linked revenue growth facing particular pressure. Key highlights from Jefferies’ FY26 outlook In its recent India macro…
In a strategic push to strengthen India’s maritime security, reduce foreign exchange outgo, and boost local shipbuilding and shipping employment, the Central Government is working on a comprehensive policy revamp aimed at promoting domestically-flagged ships. Senior shipping ministry officials confirmed that demand for over 200 new vessels worth ₹1.3 lakh crore is projected over the…
Ace investor Mukul Agrawal, known for his strategic bets in emerging banking and midcap stocks, has acquired a fresh stake in Jammu & Kashmir Bank (J&K Bank) during the June 2025 quarter, sparking strong market interest and renewed focus on the bank’s growth trajectory under ongoing structural reforms. Mukul Agrawal’s strategic purchase: Key details Exchange…
Castrol India, one of the country’s leading lubricant companies, has appointed Mrinalini Srinivasan as its new Chief Financial Officer (CFO) effective immediately. This strategic appointment comes as Castrol India looks to consolidate its market leadership while navigating evolving sectoral dynamics, electric mobility transitions, and digital transformation priorities. Who is Mrinalini Srinivasan? Mrinalini Srinivasan is a…
Finance Minister Nirmala Sitharaman has reiterated India’s strong economic fundamentals and its emerging role as a pillar of stability in an uncertain global economic landscape. Addressing the BRICS Finance Ministers’ meeting held alongside the Rio de Janeiro BRICS Summit 2025, Sitharaman outlined how India’s policy choices, domestic demand, and calibrated reforms are propelling growth despite…
India is looking to leverage Norway’s advanced expertise in carbon capture and storage (CCS) technologies as part of its broader strategy to decarbonise the economy and achieve net-zero emissions by 2070. This strategic cooperation, which was discussed during recent high-level bilateral meetings, is expected to strengthen India’s industrial decarbonisation framework while creating new pathways for…
Siemens Energy India reported a robust performance for the latest quarter, registering a 36.34% year-on-year rise in net profit to ₹246.1 crore, driven primarily by strong revenue growth from its power transmission and generation segments. The announcement, made after the Board meeting held recently, signals a strengthening of India’s energy infrastructure sector amid rising domestic…
In a landmark initiative aimed at strengthening India’s deeptech ecosystem, the Indian Institute of Technology Madras (IIT Madras) has announced plans to raise Rs 200 crore for its maiden venture capital (VC) fund, with a vision to nurture and scale up promising startups emerging from its rich research and innovation pipelines. The bold vision behind…
In a hard-hitting commentary that has sparked intense discussion across India’s startup and corporate corridors, a leading venture capital founder has criticised what he describes as the nation’s deeply entrenched “chalta hai mindset” – an attitude of settling for mediocrity and shortcuts instead of striving for rigorous execution and excellence. The viral post that triggered…
India’s fintech unicorn CRED, founded by serial entrepreneur Kunal Shah, has found itself in the spotlight again after a Deloitte consultant publicly questioned its mounting losses, which touched Rs 5,200 crore (approx. $630 million) over recent fiscal years. The conversation, which went viral across LinkedIn and X (formerly Twitter), sparked a wider debate on startup…
In a major strategic move poised to reshape the global IT and business process management (BPM) landscape, French technology consulting giant Capgemini has announced its plan to acquire Indian-origin BPM firm WNS Global Services for approximately $3.3 billion. This all-cash deal marks one of the largest acquisitions in the IT-BPM sector in recent years and…
In a strong show of investor confidence, Dassault Aviation’s share price surged on Monday, following India’s categorical denial of reports suggesting that it had lost Rafale fighter jets during the recently concluded Operation Sindoor. The rally comes as a reassurance to stakeholders who were concerned about the potential dent in the Rafale programme’s credibility and…
India’s recent banking system liquidity surplus, which crossed ₹2 lakh crore in early July, may not necessarily translate into accelerated bank credit growth, according to economists at JP Morgan. Their latest analysis suggests that structural and demand-side factors could keep credit expansion moderate despite abundant liquidity in the financial system. Key Highlights India Banking System…
HDFC Bank, India’s largest private sector lender by assets, has reported robust growth in its Q1 FY26 business update, with significant expansion in deposits and advances, highlighting sustained retail credit demand and strong corporate lending momentum despite a high interest rate environment. Key Highlights HDFC Bank Q1 FY26 Snapshot Particulars June 2024 (₹ lakh cr)…
In a significant development for India’s cement industry, Ultratech Cement’s Chief Legal Officer (CLO) has tendered his resignation amid the ongoing Competition Commission of India (CCI) investigation into alleged cartelisation practices among top cement producers. The resignation comes at a time when the sector is under intense regulatory scrutiny, with implications for corporate governance, compliance…
The US dollar has recorded its worst start to a year in over five decades, dropping by nearly 10% in the first half of 2025 against a basket of major currencies, as per market data released this week. Economists and strategists are warning of a prolonged period of weakness, driven by shifting global interest rate…
Bank of India (BoI) has reported robust growth in its Q1 FY26 business update, with domestic advances rising by 11% year-on-year to ₹5.64 lakh crore as of June 30, 2025. The state-owned lender’s growth was primarily driven by strong traction in the retail and agriculture segments, reflecting improved credit demand amidst a recovering economic backdrop….
India’s foreign exchange reserves recorded a robust rise for the week ending June 28, 2025, climbing by $4.84 billion to reach $702.78 billion, according to the latest data released by the Reserve Bank of India (RBI). This marks one of the strongest weekly gains in the last two months, bringing the overall reserves just short…
The global oil market is bracing for a potential strategic pivot as Saudi Arabia and Russia-led OPEC+ consider a fresh production hike for August 2025. Market analysts and traders believe this could signal a transition in focus from the group’s long-standing policy of price stability towards regaining and protecting market share amidst rising US and…
Crizac Limited’s ₹860 crore initial public offering (IPO) has seen overwhelming investor demand, with the issue getting subscribed 59.82 times on the final day of bidding. The stellar subscription indicates high market confidence in the company’s business model, sectoral positioning, and future growth strategy. IPO Subscription Snapshot Category Subscription (times) Qualified Institutional Buyers (QIBs) 125.64…
Finance Minister Nirmala Sitharaman has urged the New Development Bank (NDB), also known as the BRICS Bank, to take on a catalytic role in mobilising private sector investments towards sustainable development projects in member countries. Addressing the NDB Board of Governors meeting virtually, Sitharaman highlighted that the bank’s developmental impact would be maximised if it…
A new industry report suggests that a potential bilateral trade deal between India and the United States could double India’s goods exports to the US over the next five years, unlocking significant economic gains and deepening strategic ties between the two democracies. The study highlights that tariff reductions, regulatory harmonisation, and streamlined customs processes can…
India’s Finance Minister Nirmala Sitharaman has raised concerns over widening global financial imbalances, warning that unequal capital flows and restrictive financing are obstructing the world’s ability to achieve its climate commitments and sustainable development goals (SDGs). Addressing an international policy forum, Sitharaman emphasised that rebalancing global financial architecture is critical for equitable growth and climate…
India’s ambition to become a $5 trillion economy by the latter half of this decade rests critically on three pillars: strengthening its manufacturing sector, accelerating urbanisation, and expanding research and development (R&D) capacities, according to top Indian industry leaders who spoke at the Oxford India Forum 2025 held in Oxford University. Key Highlights From Oxford…
Godrej Consumer Products Ltd (GCPL), one of India’s leading FMCG players, has stated that its India margins are expected to remain below the normative range in the near term, even as the company continues to witness sequential improvements in sales volumes across its key product categories. The company shared this operational update in its quarterly…
India’s agriculture sector is undergoing a structural transformation marked by a steady decline in the share of cereals and a significant surge in livestock, fisheries, horticulture, and allied sectors. This shift indicates evolving dietary patterns, higher protein demand, policy diversification, and changing economic incentives in rural India. Key Highlights of India’s Agricultural Transformation Trends in…
In a strategic move to consolidate its dominance in India’s fast-growing lubricant and speciality oil sector, Shell, which is also a key investor in mobility startup Rapido, has completed the acquisition of Raj Petro Specialities. This acquisition is set to significantly enhance Shell’s manufacturing capacity, product portfolio, and customer reach across industrial, automotive, and speciality…
Tata Power, one of India’s largest integrated power companies, is rapidly transforming itself into a dominant player in the hybrid renewable energy (RE) segment, combining solar, wind, and storage solutions to offer round-the-clock green energy to industries and states. Chairman N Chandrasekaran, addressing shareholders at the company’s recent AGM, said Tata Power is strategically positioned…
Adcounty Media India, a leading performance marketing and advertising technology company, is set to list its equity shares on the stock exchanges this Friday. Market analysts and grey market observers are optimistic about its listing, as the IPO has been commanding a strong grey market premium (GMP) over its issue price, indicating high investor confidence…
In a major strategic move towards diversifying its natural resources portfolio, Lloyds Enterprises Ltd has announced that it will acquire over 31% stake in Geomysore Services India Private Limited for approximately ₹140 crore. The proposed acquisition aims to mark Lloyds’ formal entry into the gold mining sector, leveraging Geomysore’s exploration and mining expertise to build…
Safex Chemicals, one of India’s rapidly growing agrochemical companies backed by ChrysCapital, has filed its draft red herring prospectus (DRHP) with SEBI to raise funds via an initial public offering (IPO). The IPO will comprise a fresh issue of equity shares worth ₹450 crore along with an offer for sale (OFS) component by existing shareholders,…
The Alberta government has reportedly secretly settled multiple lawsuits worth billions of dollars with major coal companies, sparking outrage among environmental groups, Indigenous communities, and citizens who accuse the province of betraying public interest to protect corporate allies. Background: The Coal Policy Flip-Flop The controversy stems from Alberta’s 2020 reversal of its 1976 Coal Policy,…
California, July 4, 2025:The escalating impact of former US President Donald Trump’s tariffs continues to ripple through American industries, with the latest casualty being Ghirardelli Foods, a 139-year-old San Francisco-based chocolate and confectionery giant, which has filed for Chapter 11 bankruptcy protection this week. The Legacy That Faces An Uncertain Future Founded in 1886 by…
In a strategic move to expand its healthcare footprint, Unaprime Healthcare has acquired an 84.5% majority stake in Lokmanya Hospitals, a prominent multi-specialty hospital chain headquartered in Pune, Maharashtra. The acquisition is part of Unaprime’s ambitious plan to establish itself as a formidable player in India’s rapidly consolidating healthcare sector. Key Deal Highlights Parameter Details…
Mahindra Holidays & Resorts India Ltd (MHRIL) has announced that its Finnish subsidiary, Holiday Club Resorts Oy, has acquired 100% stake in Salla Star Property firm for a cash consideration of €0.26 million (approx. ₹2.35 crore). This strategic acquisition is aimed at enhancing Holiday Club’s property portfolio in Finland, focusing on high-demand experiential destinations. Acquisition…
Shares of a prominent Indian textile manufacturing company surged nearly 4% in intraday trade on Thursday after the firm announced a fresh ₹10 crore order from AL Rahmat Textiles, a leading exporter based in the Middle East. This development is seen as a significant boost to its order book, reflecting improving export demand and strategic…
In a strategic move to strengthen its foothold in India’s pharmaceutical landscape, Torrent Pharmaceuticals Ltd announced on Thursday its decision to acquire an additional 2.41% stake in JB Chemicals & Pharmaceuticals Ltd (JBCPL) for a consideration of ₹620 crore. The transaction signals Torrent’s continued confidence in JBCPL’s growth potential and is likely to enhance its…
Shares of Tata Power Company Ltd fell nearly 2% in morning trade on Thursday, following news that an international arbitration tribunal has ruled in favour of Kleros Energy, ordering Tata Power to pay $490 million (approximately ₹4,095 crore) in a long-pending contractual dispute. The adverse verdict has raised concerns over financial implications for India’s largest…
Foreign portfolio investors (FPIs) continued their selling spree in Indian equities for the fourth consecutive trading session on Thursday, reflecting global risk-off sentiment amid rising US bond yields, geopolitical tensions, and profit booking in overheated sectors. Market analysts note that this persistent outflow pattern could keep Indian indices volatile in the near term. Key Highlights…