Meesho Files ₹4,250 Cr IPO
Your daily dose of business news
🗞️ Damani’s NSE Stake Nears ₹9,300 Cr
Radhakishan Damani’s NSE holding has touched ₹9,300 crore ahead of the exchange’s planned IPO, making NSE his second-largest holding after DMart.
💬 Expert Take:
“Damani’s quiet bets signal confidence in India’s capital markets growth story.”
— Sameer Gala, Market Analyst, TradeSpark
🗞️ Meesho Files for ₹4,250 Cr IPO
Meesho has confidentially filed its DRHP to raise ₹4,250 crore in fresh capital, marking a key milestone for India’s new-age e-commerce sector.
🗞️ India, US Eye ‘Mini’ Trade Pact
India and the US may sign a limited trade pact soon, keeping complex sectors like agriculture and data for future talks.
🗞️ Gadkari Opens ₹25,000 Cr Highway Fund to Retail
Nitin Gadkari has opened a ₹25,000 crore highway bond fund to retail investors — a first. New procurement rules aim for better roads, not just lowest bids.
💬 Expert Take:
“Allowing retail access to highway bonds can deepen the infra bond market and boost public trust in large-scale projects.”
— Anjali Verma, Infra Economist, MacroInsights
🗞️ Services Sector Hits 10-Month High
India’s services PMI climbed to a 10-month high in June, driven by a surge in new business orders — pointing to resilient domestic demand.
🗞️ Maharashtra Approves ₹1.35 Lakh Cr Projects
Maharashtra has cleared industrial projects worth ₹1.35 lakh crore, with an aim to create 1 lakh new jobs.
🗞️ Reliance Retail to Bring FaceGym to India
Reliance Retail will launch FaceGym’s facial studios in India, expanding its premium wellness portfolio.
🗞️ India Eyes $1 Trillion Chemical Output by 2040
India targets $1 trillion in chemical production by 2040, per NITI Aayog — aiming to become a global manufacturing hub for chemicals.
📊 Market Updates – July 3, 2025
📉 Sensex: 83,239.47 ▼ −170.22 (−0.20%)
📉 Nifty 50: 25,405.30 ▼ −48.10 (−0.19%)
💵 USD/INR: ₹85.31 ▲ +0.31 (+0.36%)
📈 Nikkei 225: 39,986.33 (no change since last cited)
📈 SSE Composite: 3,457.75 (no change)
🛢️ Brent Crude: $68.50 (approx. stable per broader Asia cues)
🪙 Bitcoin: ~$109,000 ▶ steady
🪙 Gold (24K): ₹62,415/10 g ▶ flat