HDB IPO Sets Record
Your daily dose of business news
🗞️ India Posts $13.5B Current Account Surplus
India recorded a $13.5 billion current account surplus in Q4 FY25 — the first surplus in 10 quarters — driven by strong services exports and robust remittance flows.
💬 Expert Take:
“This surplus strengthens the rupee outlook and eases pressure on forex reserves for FY26,”
— Amit Tandon, Economist, Policy Research Group
🗞️ JSW Eyes Akzo Nobel Deal, Plans ₹4,000 Cr Debt Sale
JSW Paints plans to raise ₹4,000 crore through bonds to help fund its potential acquisition of Akzo Nobel’s India operations.
🗞️ HDB Financial Becomes Most Subscribed IPO in 4 Years
HDB Financial Services’ ₹12,500 crore IPO has become India’s most subscribed billion-dollar listing in four years — highlighting investor confidence in consumer finance.
🗞️ Mazagon Dock’s First Overseas Buy
Mazagon Dock Shipbuilders made its first global acquisition by picking up a controlling stake in Colombo Dockyard for $53 million — expanding its presence in regional shipbuilding.
🗞️ SEBI Confirms Raids in Pump-and-Dump Scam
SEBI has confirmed raids on multiple entities linked to a “pump-and-dump” stock manipulation scam. Tighter compliance actions are expected.
🗞️ Pine Labs Files for ₹2,600 Cr IPO
Fintech player Pine Labs has filed for its long-awaited ₹2,600 crore India IPO to expand its digital payments ecosystem.
🗞️ Wakefit IPO: Startup Sleep Giant Gears Up
D2C sleep brand Wakefit is planning an IPO amid growing competition in India’s home and sleep solutions market.
🗞️ Torrent Pharma Nears $2.4B JB Chemicals Buyout
Torrent Pharmaceuticals is finalising a $2.4 billion deal to acquire JB Chemicals, eyeing ₹1.6 billion in financing for the mega buyout.