Lenskart IPO Subscribed 150% on Day 2
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🗞️ Studds Accessories IPO subscribed 13x on Day 3
The Studds Accessories IPO saw an overwhelming 13x subscription on Day 3, signaling strong investor interest, especially in the accessories and helmet space.
🗞️ Lenskart IPO subscribed 150% on Day 2
Lenskart saw 150% subscription by Day 2, with its retail portion fully booked despite a dip in grey market premium (GMP). Investors are closely watching this listing for potential gains.
💬 Expert Take — “Lenskart’s brand strength and growth in the eyewear market are powerful, but the declining GMP is causing some concern. Nonetheless, it’s a solid long-term bet for investors.”
🗞️ India’s bioeconomy set to reach $300 billion by 2030
A NITI Aayog report estimates that India’s bioeconomy will grow to $300 billion by 2030, driven by biotechnology advancements, pharmaceutical exports, and sustainable agricultural practices.
🗞️ TCPL Q2 net profit up 107% to ₹40.65 crore
TCPL posted a 107% rise in Q2 net profit to ₹40.65 crore, driven by higher demand in packaging solutions and cost optimization.
🗞️ Bharti Airtel Q2 profit surges 89% YoY
Bharti Airtel posted an 89% YoY rise in profit to ₹6,792 crore, benefiting from a strong ARPU increase and a steady subscriber base growth across its mobile, broadband, and enterprise segments.
🗞️ Pine Labs rewards CEO with ₹243 crore ESOPs
Pine Labs has granted CEO Amrish Rau ₹243 crore worth of ESOPs, reinforcing the company’s focus on long-term leadership alignment ahead of its public debut.
🗞️ Swiggy Instamart and Zepto adjust delivery fees
Swiggy and Zepto have cut handling charges and adjusted delivery fee thresholds to remain competitive in the rapidly growing online grocery market, responding to increased pressure from rivals.
🗞️ Amazon inks $38 billion deal with OpenAI for NVIDIA chips
Amazon has signed a $38 billion deal with OpenAI for the supply of NVIDIA chips for AI model development, marking a major leap in the tech giant’s AI infrastructure investment.
📊 Market Update
📉 Sensex: 83,978.49 ▼ 465.75 pts (-0.55%)
📉 Nifty 50: 25,763.35 ▼ 155.75 pts (-0.60%)
💱 USD/INR: 88.26
🪙 Gold (per gram): 24K ₹12,317 ▲ ₹17 | 22K ₹11,290 ▲ ₹15
🥈 Silver (per kg): ₹1,54,000 ▲ ₹2,000