Meesho Lists at 46% Premium After $604M IPO
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🗞️ Big Tech bets $67 billion on India’s tech ecosystem
Microsoft, Amazon, and Google have collectively invested $67 billion+ in India — spanning data centres, cloud, AI, and infrastructure.
💬 Expert Take — “This is no longer opportunistic investment. India is becoming a long-term digital infrastructure hub for global tech firms.”
🗞️ Corona Remedies IPO subscribed 32 times
The Corona Remedies IPO has seen massive demand with 32x total subscription, led by NIIs at 107x.
🗞️ Meesho debuts at 46 percent premium
E-commerce platform Meesho listed at a 46 percent premium, marking one of the strongest tech listings of the year after raising $604 million.
🗞️ RBI may need to infuse ₹2 lakh crore for rate transmission
According to economists, the RBI may have to inject ₹2 lakh crore into the banking system to ensure its recent rate cuts fully transmit to borrowers.
🗞️ PLI schemes generate strong hiring momentum
India’s PLI initiatives have boosted employment and startup activity across sectors, according to DPIIT — strengthening domestic manufacturing capability.
🗞️ TCS to acquire Coastal Cloud for $700 million
TCS will acquire US-based Salesforce consulting firm Coastal Cloud in a $700 million deal, expanding its cloud transformation services.
🗞️ Akasa Air expands fleet to 31 aircraft
Akasa Air has increased its fleet size to 31 aircraft and plans aggressive expansion in domestic and international routes.
🗞️ Delaware court reverses $1 billion ruling against Byju’s
In a major relief, a US Delaware court overturned the earlier $1 billion damages ruling against Byju Raveendran in a contract dispute.
📊 Market Update
📉 Sensex: 84,391.27 ▼ 275.01 pts (–0.32%)
📉 Nifty 50: 25,758.00 ▼ 81.65 pts (–0.32%)
🪙 Gold (per gram): 24K ₹13,031 ▲ ₹87 | 22K ₹11,945 ▲ ₹80
🥈 Silver (per kg): ₹1,99,000 ▲ ₹9,000