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10 Nov

Lenskart shares off to a subdued start!

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Lenskart Solutions made a muted debut on November 10, listing below market expectations and becoming the third consecutive IPO in a week to disappoint investors. Shares opened at ₹390 on the BSE, down 2.99% from the IPO price of ₹402, and at ₹395 on the NSE, a 1.74% discount. The listing was weaker than anticipated, as the grey market premium had suggested a small gain of around 2%. Analysts said the response appeared sentiment-driven rather than based on fundamentals, warning that short-term listing gains might remain limited. The ₹7,278 crore IPO, however, drew strong demand—subscribed 28.26 times overall. Qualified Institutional…

31 Oct

Lenskart IPO subscribed 67% on Day 1 so far

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Eyewear retailer Lenskart opened its ₹7,278-crore initial public offering (IPO) for public subscription on October 31. By 2:12 p.m., the issue was 67% subscribed, receiving bids for 6.69 crore shares against the total offer of 9.98 crore shares, as per NSE data. The retail portion was fully booked, while Non-Institutional Investors (NIIs) subscribed 26% and Qualified Institutional Buyers (QIBs) 76% of their respective quotas. The IPO aims to raise ₹7,278 crore, including a fresh issue of ₹2,150 crore and an offer for sale of 12.75 crore shares. It will remain open till November 2, with a price band of ₹382–402…

28 Oct

Noel Tata, top trustees block Mehli Mistry’s re-appointment

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Tata Trusts chairman Noel Tata and vice-chairmen Venu Srinivasan and Vijay Singh have reportedly rejected the reappointment of businessman Mehli Mistry—Ratan Tata’s long-time associate—as a permanent trustee. The decision threatens to spark internal conflict within the philanthropic bodies that control around two-thirds of Tata Sons, with Mistry expected to challenge the move legally. On Tuesday, Noel Tata, Srinivasan, and Singh voted against Mistry’s lifetime trusteeship, while Pramit Jhaveri, Darius Khambata, and Jehangir H.C. Jehangir supported it, marking a rare split in the board’s typically unified decisions. Just last week, when Srinivasan was made a permanent trustee, Mistry and others had…

15 Oct

Hyundai India Reveals Roadmap To FY2030

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At the 2025 Investor Day, Hyundai Motor India unveiled a bold roadmap for its future in the Indian market. The company announced Tarun Garg as its new Managing Director and CEO, marking a key leadership change. Hyundai also shared an extensive product strategy that includes the introduction of its luxury brand, Genesis, in 2027. The automaker plans to launch 26 new models in India by 2030, comprising seven new nameplates, six generation upgrades, and seven facelifts. The upcoming Hyundai Venue facelift, already seen testing, will be among the first launches. Hyundai further revealed that it will enter two new segments…

14 Oct

IREDA share price jumps 3.7% after Q2 net profit surges 42% YoY

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Shares of Indian Renewable Energy Development Agency Ltd (IREDA) rose by up to 3.7% on Tuesday, reaching Rs 155.59, following a strong 42% year-on-year increase in standalone net profit for Q2 of FY26. Despite this rise, the stock has declined around 31% over the past year, trading within a range of Rs 137.01 to Rs 234.29, and currently holds a price-to-earnings (P/E) ratio of 26.38. As of September 30, 2025, IREDA’s total assets increased by 28% to Rs 87,793.76 crore, compared to Rs 68,748 crore a year earlier. However, asset quality saw some deterioration, with gross NPAs rising to 1.37%…

08 Oct

‘1GB wireless data in India costs less than a cup of tea’

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Prime Minister Narendra Modi inaugurated the 9th edition of the India Mobile Congress (IMC) 2025, Asia’s largest event in telecom, media, and technology, at Yashobhoomi in New Delhi on Wednesday. In his address, PM Modi noted that the cost of one GB of wireless data in India is now cheaper than a cup of tea. He emphasized that India is emerging as a global hub for industry and investment, supported by its democratic framework, investor-friendly government policies, and ease of doing business. He added that India’s success in building a robust digital public infrastructure showcases the government's strong commitment to…

07 Oct

Trade setup for Nifty 50!

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On Friday, the Indian stock market ended on a strong note, with the Sensex climbing 582 points (0.72%) to settle at 81,790, and the Nifty 50 gaining 183 points (0.74%) to close at 25,078. This uptrend was primarily driven by robust buying in banking and IT stocks. Private sector lenders like Kotak Mahindra Bank and Axis Bank recorded solid gains, while IT stocks rallied over 2%, adding to the bullish sentiment. According to Vinod Nair of Geojit Financial, gains in financial and IT sectors—driven by expectations around Q2 results—fueled market optimism. Banking stocks outperformed, backed by positive quarterly updates and…

04 Oct

Why Indian govt is probing extra charges for cash-on-delivery orders?

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India’s Consumer Affairs Minister, Pralhad Joshi, has announced action against e-commerce platforms that levy additional fees for Cash-on-Delivery (COD), labelling it a deceptive practice under scrutiny for misleading consumers. This move came after a viral post on social media exposed such hidden charges, prompting widespread public criticism and drawing attention to so-called “dark patterns.” Consumers have reported being charged under vague terms like “offer handling” or “payment handling” when choosing COD. The controversy gained momentum when a user on X shared their experience of being charged ₹226 in extra fees by Flipkart, which included ambiguous labels like “offer handling fee,”…

01 Oct

RBI Enhances IPO Financing Limit

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Reserve Bank of India on October 1 said it would allow banks to lend for acquisitions while easing some of the restrictions imposed on them for lending against listed shares. The Reserve Bank of India will provide an enabling framework which will allow banks to finance acquisitions by Indian corporates, Governor Sanjay Malhotra said on Wednesday. "It is proposed to remove regulatory ceiling on lending against listed debt securities and enhance limits for lending by banks against shares from Rs 20 lakh to Rs 1 crore per person, and for IPO financing from Rs 10 lakh to Rs 25 lakh…

02 Sep

Modi Dig At Trump Tariffs At Semicon 2025

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Speaking at the inaugural session of Semicon India 2025 in New Delhi, Prime Minister Narendra Modi praised India’s strong economic performance in the April-June quarter, despite global challenges driven by what he called "economic selfishness." He highlighted that India achieved a notable 7.8% GDP growth during this period, surpassing expectations even as many global economies faced uncertainty. PM Modi emphasized the strategic importance of semiconductor chips in the 21st century, calling them the foundation of modern global power. He stated that even the smallest chip made in India could spark transformative global change. Reaffirming international confidence in India, he said…