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Seven companies, including Fusion Cx and Orient Cables India, have received Sebi's approval for their IPOs. Fusion Cx plans a Rs 1,000 crore issue, while Orient Cables India aims for Rs 700 crore. Other companies like RSB Retail India and Lohia Corp also received nod for their offerings.
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News and Media
Investor interest in Indian equities has hit a nearly two-year low, with average daily turnover declining significantly. This subdued activity stems from uncertainty and underperformance in mid- and small-cap stocks, impacting retail investors, HNIs, and brokerages alike.
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News and Media
Axis Bank chief economist Neelkanth Mishra projects India's real GDP to grow 7.5% in the next fiscal, driven by reforms and supportive policies. Headline inflation is expected to remain within the RBI's comfort zone around 4%, with the central bank likely maintaining a softer monetary stance.
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The scheme would encourage banks to lend to microfinance institutions (MFIs), especially the smaller ones, which are facing liquidity crunch amid limited access to bank funding. An announcement to this end is likely in the 2026 budget, people cited above said. The likely size of the guarantee programme is not known.
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News and Media
Airtel Africa is joining hands with SpaceX. This partnership will bring Starlink's satellite internet to smartphones across 14 African countries. The service begins in 2026. It will offer data for apps and text messages. This will connect people in areas without regular mobile networks. Next-generation satellites promise much faster speeds.
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News and Media
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