Neochem Bio Solutions’ Rs 44.97 crore SME IPO opened on December 2 with a slow start, recording just 0.02 times subscription by mid-morning on Day 1, driven entirely by retail bids. The issue carries a mild GMP of Rs 5, indicating modest listing sentiment. Anchor investors, led by Mukul Agarwal’s Sanshi Fund with a 39% share, subscribed Rs 12.77 crore ahead of the launch.Read More
Torrent Gas Ltd. has appointed Axis Bank, Kotak Mahindra Capital, and Citigroup to manage its planned initial public offering, which could raise up to $450 million. The city-gas distributor aims to use the proceeds for capital expenditure and debt reduction, amidst a busy IPO market in India.Read More
A report by CareEdge suggests the RBI may cut the repo rate by 25 basis points in December, citing a decadal low in inflation and strong growth momentum. With inflation projected to remain subdued and real policy rates above neutral, the central bank has room for a rate cut. Despite external challenges, India’s external sector shows resilience.Read More
Auto sales are showing strong growth, with experts attributing the surge to recent GST cuts. Companies like Maruti Suzuki, M&M, and TVS Motors are standout performers, with expectations of double-digit growth continuing. Promoter block sales in IPOs have had a muted impact, with responsible divestments supporting market stability.Read More
Mumbai recorded its second-highest November housing registrations ever in 2025, driven by strong mid-to-premium demand, even as affordability concerns deepen. Analysts note moderation in the MMR as rising prices strain mid-income buyers. With registrations at record highs, sustaining momentum will depend on improved affordability, income growth and balanced housing supply.Read More
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