Business

07

Oct

By The Press Editor

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Business

IPO Surge: Is this reminiscent of the 2021 frenzy or the start of more sustainable cycle? Find out

The country has seen a record surge in IPO launches in 2025, with over 74 mainboard IPOs raising Rs 85,000 crore so far, and more than 100 total deals if we include SME listings. Mumbai: India’s initial public offering (IPO) market has been very active, with significant fundraising and a robust pipeline, though performance for individual listings has been mixed. As of early October 2025, the market is on track to potentially match or even surpass the record fundraising seen in the previous year. According to Ram Medury, Founder & CEO of Maxiom Wealth, the country has seen a record…

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07

Oct

By The Press Editor

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Business

Cabinet approves 4 multi-tracking railway projects worth Rs 24,634 crore: Check details

The four projects, covering 18 districts in Maharashtra, Madhya Pradesh, Gujarat, and Chhattisgarh, will expand the existing Indian Railways network by approximately 894 km. New Delhi: The Cabinet Committee on Economic Affairs, chaired by Prime Minister Narendra Modi, on Tuesday approved four multi-tracking railway projects with a total cost of approximately Rs 24,634 crore. The four projects, covering 18 districts in Maharashtra, Madhya Pradesh, Gujarat, and Chhattisgarh, will expand the existing Indian Railways network by approximately 894 km. These projects include: Wardha - Bhusawal - 3rd & 4th line - 314 kms (Maharashtra) Gondia - Dongargarh - 4th line -…

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07

Oct

By The Press Editor

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Business

Board of this company approves Rs 2,500 crore qualified institutions placement – Details

Technically, the stock trades higher than the 20-day, 50-day, 100-day and 200-day moving averages but lower than the 5-day moving averages. Mumbai: Shares of Excel Realty N Infra's board of directors have approved increasing the issuance of equity shares through a Qualified Institutions Placement (QIP) for a total amount of up to Rs 2,500 crore. This is inclusive of the premium. The increase in authorised capital will allow the company to issue up to 2,500 crore shares of Re 1 each, subject to shareholder approval. Earlier, the limit was 500 crore shares.   The board also gave a go ahead…

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07

Oct

By The Press Editor

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Business

Tata Capital IPO GMP vs LG Electronics IPO GMP vs WeWork IPO GMP vs Anantam Highways Trust IPO GMP: Check all details

Tata Capital IPO was subscribed 57 per cent on the second day of bidding today i.e. October 7, 2025, receiving bids for 18.85 crore shares against 33.34 crore shares on offer. Mumbai: Several IPO are open for subscription today, i.e. on October 7, 2025. While some public issues will close for subscription today, others will remain open for a few days. Among the initial public offerings (IPOs) that are open for subscription today are Tata Capital, LG Electronics India, WeWork India Management and Anantam Highways Trust. If you are still unsure about which option is better for you, consider reviewing…

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07

Oct

By The Press Editor

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Business

Gold, Silver Rates Today (October 7): Gold climbs Rs 651 to hit new record high on MCX | Check city-wise rates

Gold Price Today, Gold MCX Rate: In the international market, the COMEX gold price gained around 0.25 per cent, trading at approximately USD 3,986.1 per troy ounce. The spot gold price at 11:50 am was USD 3,961.34 per ounce, up by 0.24 per cent. Mumbai: Gold prices hit a new all-time high on the MCX on Tuesday, October 7, 2025, amid the prolonged US government shutdown and growing bets of rate cuts by Federal Reserve at its upcoming meeting. The gold December 5 contract on the Multi Commodity Exchange (MCX) opened with a gain of Rs 101 at Rs 1,20,350…

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07

Oct

By The Press Editor

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Business

Weak Debut: Glottis shares list at 35% discount on NSE, bounces back post listing

Glottis IPO listing: The initial public offering (IPO) of logistics service provider Glottis Ltd. garnered a 2.05 times subscription on the final day. Mumbai: Shares of logistics service provider Glottis Ltd made a weak debut on the bourses on Tuesday, October 7, 2025. Shares of the company list at a 35 per cent discount over the issue price of Rs 129 on the National Stock Exchange (NSE). The share price is listed at Rs 84, representing a discount of 34.88 per cent to the IPO price. On the BSE, the share debuted at Rs 88, a discount of Rs 41…

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07

Oct

By The Press Editor

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Business

Trent Share Price: Stock falls over 3% after quarterly update – Check details

Trent Share Price: During the July-September period, Trent opened 13 stores for Westside and 40 of its value offering format Zudio. Mumbai: Shares of retail firm Trent Ltd dipped over 3 per cent on Tuesday, October 7, 2025, after the company shared its quarterly update.  During the July-September period, Trent opened 13 stores for Westside and 40 of its value offering format Zudio.

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07

Oct

By The Press Editor

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Business

Market Opening Bell: Sensex gains 93 points, Nifty above 25,050, Trent takes a hit

Sensex, Nifty Today: In early trade, 1,467 stocks in the Nifty pack were trading in the green, while 1,010 were trading in the red. Eighty-seven stocks remained unchanged. Mumbai: The Indian equity benchmark indices, the Sensex and Nifty, opened on a positive note on Tuesday, October 7, 2025, extending the upward momentum for the fourth session. While the 30-share BSE Sensex gained 93.83 points to start the session at 81,883.95, the Nifty gained 7.65 points to open at 25,085.30. In the last trading session, the Sensex closed at 81,790.12 and the Nifty 50 at 25,077.65. Similarly, the broader indices traded…

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06

Oct

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Business

WeWork India IPO GMP Today: Check subscription status, expected allotment date and other details

WeWork India IPO GMP Today: The price band has been fixed at Rs 615-648 per share, valuing the company around Rs 8,685 crore at the upper end. Mumbai: The initial public offering (IPO) of co-working space operator WeWork India Management Ltd has so far seen a subdued response from investors, as it was subscribed around 8 per cent on the second day of the share sale on Monday, October 6, 2025. The IPO received bids for 20,47,414 shares against 2,54,89,748 shares on offer, as per NSE data. The quota for retail individual investors (RIIs) got subscribed 30 per cent, while the…

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06

Oct

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Business

Bank Holiday: Are banks open or closed on October 7 for Maharshi Valmiki Jayanti? Check details

Bank Holiday: Maharishi Valmiki bestowed the world with one of its finest epics, the 'Ramayana'. He is also referred to as the Adi Kavi or the first poet of Sanskrit literature. New Delhi: October is a month of festivals, and banks across the country will observe several public and regional holidays. According to the Reserve Bank of India's (RBI) holiday calendar, banks will be closed for a total of 21 days this month. However, it is essential to note that these holidays are not nationwide and vary from state to state. That means banks in certain states will remain closed…

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