📢 PhonePe files ₹12,000 Cr IPO
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🗞️ PhonePe files for ₹12,000 cr IPO
PhonePe, owned by Walmart, has confidentially filed for a mega IPO worth around ₹12,000 crore, marking one of the biggest upcoming listings in the fintech space.
💬 Expert Take — Rajiv Mehta, Fintech Analyst: “A strong IPO could be a turning point for digital financial services; success will depend on growth metrics and investor patience.”
🗞️ Railway staff may get Diwali bonus
The government is likely to announce a productivity-linked bonus for railway employees ahead of Diwali, providing festive relief to nearly 12 lakh staff.
🗞️ Digital ads double in H1 2025
India’s digital ad market doubled in the first half of 2025, with Instagram leading the pack, accounting for 63% of spends.
🗞️ Crypto millionaires surge 40%
The number of crypto millionaires jumped 40% by June 2025, reflecting growing wealth concentration in the digital asset sector.
🗞️ Adani Power slides 11%
Adani Power shares dropped 11% in two days after a sharp rally, raising questions for investors on whether to buy the dip.
🗞️ GST 2.0 boosts festive sales
E-commerce majors like Amazon and Flipkart reported a surge in festive season demand, driven by GST 2.0 benefits and discounts.
🗞️ Tata Capital aims $16.5 bn valuation in IPO
Tata Capital is targeting a $16.5 billion valuation for its $1.85 billion IPO, expected to hit markets in early October.
💬 Expert Take — Corporate Strategist: “Valuation will be key: investor perception of Tata’s risk & return story will influence its listing trajectory.”
🗞️ L&T, BEL bid for 5th-gen fighter
L&T and BEL are teaming up to bid for India’s AMCA fifth-generation fighter aircraft project, strengthening defense manufacturing.
📊 Market Update – 24 Sep 2025
📉 Sensex: 81,715.63 ▼ −386.00 (−0.47%)
📉 Nifty 50: 25,056.90 ▼ −113.00 (−0.45%)
💱 USD/INR: ₹88.68 (close)
🪙 Gold (24K): ₹11,537/g (≈ ₹1,15,370/10g)
🛢️ Brent crude: $67.82/bbl