Groww Plans ₹66,000 Cr Mega IPO
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🗞️ Groww to raise ₹66,323 crore in IPO
Investment platform Groww plans to raise ₹66,323 crore through its upcoming IPO, marking one of India’s largest tech listings. The move reflects strong investor appetite for fintech firms as the retail investing boom continues.
💬 Expert Take — “Groww’s IPO will be a bellwether for Indian fintech valuations. A successful listing could reset benchmarks for digital-first brokers.”
🗞️ BPCL Q2 profit jumps 168% YoY
BPCL posted a 168% YoY surge in Q2 profit to ₹6,442.5 crore, driven by improved refining margins and higher sales. The PSU also declared an interim dividend of ₹7.5 per share.
🗞️ Ford to revive Chennai plant with ₹3,250 crore investment
Ford India announced a ₹3,250 crore revival plan for its Chennai facility, focusing on exports and electric vehicle production. The move is expected to create thousands of local jobs and re-establish Ford’s presence in India.
🗞️ Maruti Suzuki Q2 profit rises 7% YoY
Maruti Suzuki reported a 7% YoY increase in Q2 profit to ₹3,293 crore, supported by steady demand and improved margins, despite rising input costs.
🗞️ Dhoni-backed Finbud IPO opens Nov 6
The Finbud IPO — backed by MS Dhoni — opens on November 6, with growing interest from retail investors ahead of its debut.
🗞️ Lenskart IPO details surface
Lenskart is preparing for its highly anticipated IPO, with analysts expecting a valuation exceeding $6 billion. GMP activity suggests strong investor interest post recent debates.
🗞️ Forex reserves dip by $6.9 billion
India’s forex reserves fell by $6.9 billion to $695.35 billion, marking the steepest weekly decline in six months amid global currency volatility.
🗞️ Market buzz: Bandhan Bank, Swiggy, Mphasis active
Markets update — The Nifty 50 slipped below 25,800 intraday, while Bandhan Bank, Swiggy, and Mphasis saw active trading on mixed quarterly results.
📊 Market Update
📉 Sensex: 83,938.71 ▼ 465.75 pts (-0.55%)
📉 Nifty 50: 25,722.10 ▼ 155.75 pts (-0.60%)
💱 USD/INR: 88.26
🪙 Gold (per gram): 24K ₹12,328 ▲ ₹180 | 22K ₹11,300 ▲ ₹165
🥈 Silver (per kg): ₹1,51,000 (steady)