₹1.4 Lakh Cr IPO Wave Ahead
Your daily dose of business news
🗞️ ELI Scheme: UAN-Aadhaar Linking Deadline Extended
The government has extended the deadline for UAN-Aadhaar-bank account seeding under the ELI scheme to June 30. The move is aimed at ensuring wider access to maternity benefits and timely disbursements under the Employees’ State Insurance.
🗞️ Snitch Projects ₹900 Cr Revenue in FY25
Men’s fashion brand Snitch expects to hit ₹900 crore in revenue this fiscal year, up from ₹310 crore in FY24. The D2C apparel player plans to expand its physical retail presence and product categories.
💬 Expert Take:
"Snitch’s rapid scale is a case study in D2C success. Their tech-first approach and inventory agility set them apart."
— Isha Verma, Retail Analyst
🗞️ Maruti to Invest ₹925 Cr in Solar Energy
Maruti Suzuki will invest ₹925 crore to expand captive solar power at its Haryana plants. The move is part of the automaker's push towards sustainability and cost efficiency in manufacturing.
🗞️ Flipkart Exits Aditya Birla Fashion in ₹582 Cr Deal
Flipkart has sold its entire 7.8% stake in Aditya Birla Fashion and Retail Ltd via a ₹582 crore bulk deal. The e-commerce major is realigning its portfolio as it focuses on core verticals.
🗞️ India’s Agri Sector Could Hit $1.4 Trillion by 2035
Structural improvements in productivity, logistics, and exports could take India’s agriculture economy to $1.4 trillion by 2035, says McKinsey. The report highlights digital adoption and agritech as key enablers.
💬 Expert Take:
“Agri value-chain formalization and warehousing investments can double farmer income by the end of this decade.”
— Devendra Kulkarni, Agribusiness Consultant
🗞️ IPOs Worth ₹1.4 Lakh Crore in Pipeline
India’s primary markets are gearing up for a massive wave of fundraising, with IPOs worth ₹1.4 lakh crore in the pipeline. Key listings include NSDL, Ola Electric, and Go Digit.
🗞️ FDI Surge Shows Decade of Global Confidence
India's foreign direct investment inflows over the last 10 years reflect a decade of sustained growth and investor trust. Sectors like infrastructure, fintech, and semiconductors are driving capital inflows.
🗞️ States Seek Higher Tax Share from Centre
The majority of states have recommended that the Centre raise their share of tax revenue to 50%. The demand was raised during consultations for the 16th Finance Commission, citing greater spending responsibilities at the state level.
📊 Market Updates
📈 Sensex: 80,998.25 ▲ +260.74 (+0.32%)
📈 Nifty 50: 24,620.20 ▲ +77.70 (+0.32%)
💵 USD/INR: ₹85.89 ▲ +0.28 (+0.33%)
🛢️ Brent Crude: $64.86 ▼ -$0.15 (-0.23%)
🪙 Bitcoin: $105,437.20 ▼ -$451.28 (-0.43%)
🪙 Gold (24K): ₹9,917/gram ▲ +₹153