Curefoods Raises ₹160 Cr Pre-IPO
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🗞️ Curefoods secures ₹160 cr pre-IPO funding
Cloud kitchen operator Curefoods has raised ₹160 crore from Binny Bansal’s 3State Ventures ahead of its IPO plans.
💬 Expert Take — “Investor confidence from marquee backers strengthens Curefoods’ IPO pitch, but profitability will be closely scrutinized.”
🗞️ Govt to borrow ₹6.77 lakh cr in H2 FY26
The Centre plans to raise ₹6.77 lakh crore via dated securities in the second half of FY26, including ₹10,000 crore in green bonds.
💬 Expert Take — “Green bonds in the mix signal India’s intent to align fiscal borrowing with sustainability goals.”
🗞️ Pace Digitek IPO opens; GMP hints at 12% upside
The ₹40 crore SME IPO of Pace Digitek opened today with a price band of ₹90–95. Grey market premium at ₹27 suggests ~12% listing gains.
🗞️ Amazon to pay $2.5 bn in Prime settlement
Amazon will pay $2.5 billion to settle allegations of misleading users into enrolling for Prime subscriptions without clear consent.
🗞️ Elitecon International to raise ₹300 cr via QIP
Engineering services firm Elitecon International is set to raise ₹300 crore through a Qualified Institutional Placement (QIP).
🗞️ HUL says 40% of portfolio benefits from GST revision
Hindustan Unilever (HUL) noted that ~40% of its product portfolio stands to gain from the recent GST rate cuts.
🗞️ Coca-Cola bottlers to invest ₹25,760 cr in India
Coca-Cola’s bottling partners plan investments worth ₹25,760 crore to expand in India’s food processing sector.
🗞️ Starlink’s 10x pricing limits telco threat: Ind-Ra
Starlink’s satellite broadband service is unlikely to hurt Indian telcos significantly, given its 10x higher pricing, according to Ind-Ra.
📊 Market Updates
📉 Sensex: 81,696.91 ▼ 214.55 pts
📉 Nifty 50: 24,936.20 ▼ 45.35 pts
💱 USD/INR: ₹88.72
🪙 Gold (MCX, per 10 g): ₹1,12,980
🛢️ Brent crude: $69.58 / bbl