Indian online brokerage platform Groww’s IPO on Wednesday proved to be the largest listing by an Indian fintech so far this year, as the company raised ₹66.3 billion (about $748 million) with its shares closing 29% higher from their issue price. The company’s shares opened at ₹112, about 12% above their issue price of ₹100, and closed at ₹128.85, lending...
Business
Rupee falls 15 paise to 88.65 against U.S. dollar in early trade
The rupee depreciated 15 paise to 88.65 against the dollar in early trade on Wednesday, weighed down by elevated crude oil prices and foreign fund outflows. Forex traders said renewed optimism over the India-US trade deal supported the domestic unit at lower levels. At the interbank foreign exchange, the rupee opened at 88.61 against the US dollar before dropping to...
Stock markets bounce back in early trade amid rally in global peers
Benchmark indices Sensex and Nifty rebounded in early trade on Thursday (November 6, 2025), tracking a rally in global markets and buying in blue-chip stocks. The 30-share BSE Sensex climbed 376.89 points to 83,836.04 in early trade. The 50-share NSE Nifty went up by 81.5 points to 25,679.15. From the Sensex firms, Asian Paints jumped over 4.50%. Mahindra & Mahindra,...
“Nobody Bigger Than Institution”: Mehli Mistry’s Exit Note Quotes Ratan Tata
Putting a “quietus on speculative news” about his role, businessman Mehli Mistry, a trustee of Tata Trusts whose term was not renewed last week, today made it official, saying he is “parting ways” with Tata Trusts. Tata Trusts own 66% in Tata Sons, which in turn oversees 30 firms within one of India’s most storied business groups – including companies...
Meesho, Shiprocket Among 7 Firms To Get Sebi’s Nod To Launch IPOs
As many as seven companies, including Softbank-backed e-commerce firm Meesho and Temasek-backed e-commerce enablement platform Shiprocket, have secured Sebi’s approval to raise nearly Rs 7,700 crore collectively through initial public offerings (IPOs), an update with the markets regulator showed on Monday. Others that received regulatory approval are German Green Steel and Power, Allied Engineering Works, Skyways Air Services, Rajputana Stainless...
Maruti, Tata Motors, M&M Drive Record Sales On GST 2.0
Top carmakers led by Maruti Suzuki, Mahindra & Mahindra, Tata Motors Passenger Vehicles and Kia India have reported record sales in the domestic market riding on festive demand boosted by GST rate cut. Other manufacturers such as Skoda Auto India and Toyota Kirloskar Motor also posted impressive growth in sales in October. ‘In October, we did a retail of 2,42,096...
HUL India arm gets Rs 1,986 crore tax notice
Hindustan Unilever said on Friday it has received a tax demand order of Rs 1,986.25 crore for the financial year 2020-21 from the country’s tax authority. The Indian arm of UK-based Unilever said the tax authority had disputed the valuation of certain related-party transactions and raised questions over some of its depreciation claims for tax purposes, but did not provide further details. The...
US ends automatic work permit extensions, thousands of Indian workers hit
The US Department of Homeland Security on Wednesday announced an interim rule ending the automatic extension of Employment Authorisation Documents (EAD) for migrant workers, a move expected to affect thousands of foreign employees, including a large number of Indians. In a statement issued on Wednesday, the Department said, “Aliens who file to renew their EAD on or after October 30,...
Major Drop in Gold Rate Today on Bhai Dooj 2025
On October 23, 2025, the gold rate in Delhi has been consistently declining since Dhanteras and Diwali, marking a steady downward trend in prices. Today, on Bhai Dooj, the price of 24K gold stands at Rs 12,603 per gram, while 22K gold is priced at Rs 11,480 per gram, both lower than yesterday’s rates. Just a few days ago, gold was trading...
Tesla profit tumbles 31% despite record sales of EVs as costs rise
Tesla Inc’s profit plunged as rising costs undercut a record quarter of vehicle sales, exposing strains on its operations while Chief Executive Officer Elon Musk shifts focus away from the automotive business. Musk used Tesla’s third-quarter earnings to talk up ambitious-but-opaque initiatives including the company’s humanoid robot and artificial intelligence programs, and also pleaded with investors to back his trillion-dollar...
Adani Green Energy To Raise $250 Million From Foreign Banks
Adani Green Energy has signed an agreement to borrow $250 million from some global lenders in its first foreign currency loan since the row with the US Department of Justice. Many leaders in the US had also criticised the DoJ’s move as one that undermined economic collaboration and trust. The DoJ’s indictment of Adani Group Chairman Gautam Adani was a...
Big-ticket tech IPOs worth $4.5 billion to light up Dalal Street soon after Diwali
The domestic IPO market is expected to see a flurry of issuances after Diwali, with at least half a dozen new age technology companies busy with international and domestic investor roadshows, in their bid to attract investors. The list of upcoming public issues includes companies such as Groww, Lenskart, Meesho, Pine Labs, Fractal Analytics and Physicswallah, people aware of these company’s IPO...