The initial public offering (IPO) of Groww, the popular investment platform, was fully subscribed by the second day of its launch, signaling robust investor interest. The subscription success indicates positive market reception ahead of its debut on stock exchanges. Groww IPO fully subscribed by second day, highlighting strong investor demand and confidence in the digital…
India’s services sector growth decelerated to its lowest point in five months in October due to increased competitive pressures and adverse weather conditions, according to the latest PMI data. Heavy monsoon rains and sustained competition were key factors contributing to the slowdown, posing challenges for the sector’s expansion. India’s services sector growth slows to five-month…
The Enforcement Directorate (ED) has issued a fresh summons to industrialist Anil Ambani to appear before the agency and record his statement in connection with an ongoing investigation into alleged bank fraud. The summons schedule is set for November 14, according to agency sources. ED summons Anil Ambani to record statement on November 14 in…
Amazon Web Services (AWS) has expanded its AWS Marketplace in India, aiming to provide local businesses with easier access to a wide range of cloud-based software products and services. This move is expected to accelerate cloud adoption among Indian enterprises by offering more localized solutions and simplified procurement processes. Amazon Web Services expands its AWS…
Qatar Airways has announced its decision to sell its holdings in Hong Kong’s Cathay Pacific for $896 million. The move marks a significant reshaping of Qatar Airways’ investment portfolio amid evolving global aviation market dynamics. Qatar Airways to sell its 9.6% stake in Hong Kong’s Cathay Pacific for $896 million, reflecting strategic portfolio realignment amid…
State Bank of India (SBI) has approved the sale of a 6.3% stake in its mutual fund arm, SBI Fund Management Private Limited, via an initial public offering (IPO). This strategic move aims to enhance capital efficiency and expand the fund house’s market presence. SBI plans to sell 6.3% stake in SBI Fund Management via…
ArcelorMittal, the world’s largest steel producer, announced a 31% rise in net income for the September quarter of 2025, reflecting strong operational performance amid challenging market conditions. The company’s robust financial results underscore its resilience and strategic focus on efficiency and growth. ArcelorMittal reports a 31% increase in net income for the September 2025 quarter,…
The Securities and Exchange Board of India (SEBI) has increased the anchor investor allocation in initial public offerings (IPOs) from 20% to 40%, aiming to enhance institutional investor participation and improve IPO subscription. The move is expected to provide greater stability and credibility to IPOs in the Indian capital markets. SEBI increases IPO anchor investor…
The Indian Space Research Organisation (ISRO) intends to delegate 50% of the development work for its Polar Satellite Launch Vehicle (PSLV) to an industry consortium, aiming to enhance collaboration with private players. ISRO Chairman V. Narayanan announced this strategic move to boost the domestic space manufacturing ecosystem and increase industry participation in satellite launch vehicle…
India’s Finance Minister Nirmala Sitharaman emphasized the urgent need for large, world-class banks to support the country’s economic growth and global competitiveness. Speaking on November 6, 2025, she highlighted the role of strong banking institutions in driving financial inclusion and economic resilience. Finance Minister Nirmala Sitharaman emphasizes India’s need for large, world-class banks to drive…
