NBFCs, Tech Drive IPO Boom
Your daily dose of business news
🗞️ NBFCs, healthcare & tech power record IPO year
India’s IPO market is heading for a record year, driven largely by NBFCs, healthcare firms, and technology companies, as investor appetite broadens beyond traditional sectors.
🗞️ Tata Steel arm faces $1.6B class action claim in Dutch court
A Tata Steel subsidiary is facing a $1.6 billion class action lawsuit in the Netherlands over alleged health damages, adding legal risk to its European operations.
🗞️ Coforge to acquire Encora in $2.35B deal
Coforge will acquire US-based Encora for $2.35 billion, marking one of the largest outbound deals by an Indian IT services firm.
💬 Expert Take — “This acquisition signals Indian IT firms doubling down on scale, digital engineering, and global delivery amid slowing organic growth.”
🗞️ PNB reports loan fraud of over ₹2,400 crore
Punjab National Bank disclosed a loan fraud exceeding ₹2,400 crore, highlighting persistent asset-quality challenges across parts of the banking system.
🗞️ Goldman Sachs sees India beating growth estimates
Goldman Sachs expects India to outperform consensus growth forecasts, projecting 6.7% GDP growth in 2026 and 6.8% in 2027.
🗞️ SUVs overtake cars in India’s export basket
SUV exports have surpassed passenger cars for the first time, reflecting India’s growing strength in higher-value automotive manufacturing.
🗞️ Adani Power raises capacity target to 41.87 GW
Adani Power has increased its generation capacity target to 41.87 GW by FY32, committing $22–30 billion in capital expenditure.
🗞️ DST institute signs MoU for advanced tech development
A Department of Science & Technology institute has signed an MoU to collaborate on strategic and high-performance engineering technologies, supporting India’s deep-tech ecosystem.
📊 Market Update
📉 Sensex: 85,041.45 ▼ 367.25 (–0.43%)
📉 Nifty 50: 26,042.30 ▼ 99.80 (–0.38%)
🪙 Gold (per gram): 24K ₹14,002 ▲ ₹77 | 22K ₹12,835 ▲ ₹70
🥈 Silver (per kg): ₹2,40,000 ▲ ₹6,000