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The primary market is set to witness heightened activity next week as four main-board initial public offerings (IPOs), including those from Schloss Bangalore Ltd and Aegis Vopak Terminals, are scheduled to hit Dalal Street, collectively aiming to raise over Rs 6,600 crore.Alongside Schloss Bangalore and Aegis Vopak Terminals, IPOs of Prostar Info Systems and Scoda Tubes are also lined up for launch. In addition, the equity markets will see the listing of two recently concluded public issues – Borana Weaves and Belrise Industries – on May 28 and May 29, respectively, PTI reported.The flurry of new offerings comes amid a broader slowdown in fresh listings. So far in 2025, only 12 companies have floated IPOs, attributed largely to market volatility stemming from a mix of domestic and global economic factors.This marks a notable contrast to the robust IPO activity in 2024, when 91 companies collectively raised Rs 1.6 lakh crore, buoyed by strong retail participation, economic resilience, and surging private capital expenditure.Despite the recent slowdown, a significant pipeline of IPOs is building up. According to Axis Capital’s IPO Market Update – May 2025, 57 companies have received final observations from the Securities and Exchange Board of India (Sebi), while another 74 are awaiting regulatory clearance to proceed with their respective issues.These upcoming IPOs span diverse sectors such as renewable energy, co-working, pharmaceuticals, cables and wires, manufacturing, real estate, chemicals, and entertainment, among others.Schloss Bangalore Ltd, which operates Leela Palaces Hotels & Resorts and is backed by Brookfield Asset Management, is launching a Rs 3,500-crore IPO. The issue includes a fresh equity offering of Rs 2,500 crore and an offer for sale (OFS) worth Rs 1,000 crore by its promoter, Project Ballet Bangalore Holdings (DIFC) Pvt Ltd.The company will use the net proceeds from the fresh issue for repayment of loans taken by itself and its subsidiaries and for general corporate purposes. The price band for the issue has been set at Rs 413–435 per share, with the subscription window open from May 26 to May 28.Aegis Vopak Terminals, a subsidiary of Aegis Logistics Ltd, aims to raise Rs 2,800 crore through a fresh issue of equity shares. Of the proceeds, Rs 2,016 crore will be used to repay existing debt, Rs 671.30 crore will fund capital expenditure related to the acquisition of a cryogenic LPG terminal in Mangalore, and the balance will go towards general corporate purposes. The IPO will open on May 26 and close on May 28, with a price band of Rs 223–235 per share.Scoda Tubes, a Gujarat-based manufacturer of stainless steel tubes and pipes, is coming out with an entirely fresh issue aggregating up to Rs 220 crore. The company has fixed a price band of Rs 130–140 per share. The issue opens on May 28 and concludes on May 30, with the anchor investor bidding scheduled for May 27. IPO proceeds will be utilised for capacity expansion, working capital needs, and general corporate purposes.Prostar Info Systems, an integrated power solutions provider, plans to raise Rs 168 crore through a fresh issue of 1.6 crore equity shares via the book-building route. The IPO will open for subscription on May 27 and close on May 29. The company has set a price band of Rs 95–105 per share.Proceeds from Prostar’s IPO will be allocated as follows: Rs 72.50 crore for capital expenditure, Rs 17.95 crore for debt repayment, and the remaining amount for strategic acquisitions, inorganic growth initiatives, and general corporate purposes.All four companies will list their equity shares on the BSE and NSE.
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Luxury skincare expansion: L’Oreal acquires majority stake in Medik8; announces 1 billion Euro deal
[ad_1] Cosmetics maker L’Oreal agreed to acquire a majority stake in British skincare brand Medik8, in a strategic move to strengthen its presence in the booming skincare market. The French beauty giant announced the deal on Monday, though financial terms were not disclosed.The transaction, which sees UK-based private equity firm Inflexion selling its majority holding, reportedly values Medik8 at around 1 billion Euro, according to a source familiar with the matter. Inflexion will retain a minority share, while L’Oreal has secured the option to eventually buy out all remaining shareholders, Reuters reported.“We are delighted to welcome Medik8 to the L’Oréal family. As a premium skincare range, with high levels of proven efficacy at an accessible price point, Medik8 perfectly complements our existing skincare portfolio,” Cyril Chaupuy, president of L’oreal Luxe said.“This acquisition further strengthens L’Oreal’s luxe portfolio, adding a premium […]
270 million pulled out of poverty! How Modi government achieved a remarkable dip in extreme poverty & what’s the road ahead? Explained
[ad_1] India’s GDP has more than doubled in the last decade, and experts believe that this has trickled down to the poorest. (AI image) Marking a big achievement over the last decade, extreme poverty in India has dropped substantially from 27.1% in 2011-12 to 5.3% in 2022-23, according to the latest World Bank data. The remarkable progress under the Narendra Modi government has come despite the World Bank raising its poverty threshold to $3 per person per day from $2.15 per person per day earlier.Incidentally, India’s huge reduction in extreme poverty comes at a time when globally there has been an increase in the number of people below the poverty line. According to a government fact sheet, India has emerged a statistical outlier in the positive direction.The latest data is being seen as a boost in the government’s economic growth […]
Ayodhya land prices: Circle rates revised first time in 8 years; soar up to 200%
[ad_1] For the first time in eight years, Ayodhya has seen a sharp revision in its circle rates, with property prices rising between 30% and 200% across various parts of the district, officials told PTI.The prices are particularly steep within a 10-kilometre radius of the Ram Janmabhoomi Temple, an area witnessing a real estate boom fuelled by religious tourism and rapid infrastructure growth. Here, circle rates have jumped over 150%, pushing land values in the prime zone to Rs 26,600–27,900 per square metre, compared to Rs 6,650–6,975 earlier.Shanti Bhushan Chaubey, sub-registrar of Sadar (Faizabad) tehsil, said the hike followed a proposal submitted last September. “After addressing objections, the new circle rates were approved by District Magistrate Tikaram Funde and have now been enforced,” he said.According to Chaubey, the sharpest hikes were recorded in areas with the most land activity. “Localities […]
China exports: Global shipments rose 4.8% in May; inflow to US falls nearly 35% amid trade talks
[ad_1] China’s export growth lost momentum in May, rising 4.8% year-on-year, a sharp slowdown from the 8.1% surge recorded in April, as per the customs data released on Monday.The deceleration came amid a sharp drop in shipments to the United States, down 35% year-on-year, as tensions between the two economic giants continued to cloud trade prospects.The figures were released just hours ahead of another round of US-China trade negotiations scheduled for later in the day, in London. These talks come after a phone call between US President Donald Trump and Chinese President Xi Jinping last week. Zichun Huang of Capital Economics anticipated exports growth to revive in June, thanks to a 90-day suspension on most of the tariffs the two countries have imposed on each other.China’s imports also fell in May, down 3.4% year-on-year, leaving the country with a trade […]
Tata Motors future plans: Rs 33,000-35,000 crore investment to boost passenger vehicles; hoping to lead in EV segment
[ad_1] Automaking giant Tata Motors is planning massive investment plans for the future, earmarking Rs 33,000 crore to Rs 35,000 crore for FY 26-30 on product actions. The Mumbai-headquartered company is targeting 30 product actions, including the launch of seven new models, as it looks to sharpen its competitive edge in India’s fast-evolving passenger vehicle (PV) market.As part of its long-term strategy, the automaker aims to secure a 16% market share, including electric vehicles (EVs), by FY27, rising to 18–20% over the next few years. Tata Motors expects the domestic PV industry to hit annual sales of 60 lakh units by 2030 and is positioning itself to ride that wave with a refreshed and expansive portfolio.“Looking ahead, we will strengthen our portfolio by FY30...7 new nameplates and 23 product refreshes will holistically enhance the portfolio,” the company told analysts in […]
India’s two-wheeler industry: Growth to surpass Covid-19 levels soon; driven by RBI rate cuts and robust domestic demand
[ad_1] The two-wheeler industry in India is set to undergo a massive selling surge, surpassing pre-Covid-19 levels, driven by RBI’s rate cut, strong domestic demand and significant recovery in exports. According to a report by CareEdge Ratings, the sector is expected to register a healthy volume growth of 8–9% in FY26. This follows three years of strong performance, with volumes rising by 8% in FY23, 10% in FY24 and 11% in FY25.A key factor behind this growth is the Reserve Bank of India’s cumulative 100 basis points rate cut since February 2025, including a 50 bps reduction last week, which is anticipated to make vehicle loans more affordable and spur demand.“The cumulative 100 bps rate cut by the RBI since February 2025, with the recent 50 bps rate cut announced last week, is expected to enhance affordability and boost demand” […]
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Luxury skincare expansion: L’Oreal acquires majority stake in Medik8; announces 1 billion Euro deal
[ad_1] Cosmetics maker L’Oreal agreed to acquire a majority stake in British skincare brand Medik8, in a strategic move to strengthen its presence in the booming skincare market. The French beauty giant announced the deal on Monday, though financial terms were not disclosed.The transaction, which sees UK-based private equity firm Inflexion selling its majority holding, reportedly values Medik8 at around 1 billion Euro, according to a source familiar with the matter. Inflexion will retain a minority share, while L’Oreal has secured the option to eventually buy out all remaining shareholders, Reuters reported.“We are delighted to welcome Medik8 to the L’Oréal family. As a premium skincare range, with high levels of proven efficacy at an accessible price point, Medik8 perfectly complements our existing skincare portfolio,” Cyril Chaupuy, president of L’oreal Luxe said.“This acquisition further strengthens L’Oreal’s luxe portfolio, adding a premium […]
270 million pulled out of poverty! How Modi government achieved a remarkable dip in extreme poverty & what’s the road ahead? Explained
[ad_1] India’s GDP has more than doubled in the last decade, and experts believe that this has trickled down to the poorest. (AI image) Marking a big achievement over the last decade, extreme poverty in India has dropped substantially from 27.1% in 2011-12 to 5.3% in 2022-23, according to the latest World Bank data. The remarkable progress under the Narendra Modi government has come despite the World Bank raising its poverty threshold to $3 per person per day from $2.15 per person per day earlier.Incidentally, India’s huge reduction in extreme poverty comes at a time when globally there has been an increase in the number of people below the poverty line. According to a government fact sheet, India has emerged a statistical outlier in the positive direction.The latest data is being seen as a boost in the government’s economic growth […]
Ayodhya land prices: Circle rates revised first time in 8 years; soar up to 200%
[ad_1] For the first time in eight years, Ayodhya has seen a sharp revision in its circle rates, with property prices rising between 30% and 200% across various parts of the district, officials told PTI.The prices are particularly steep within a 10-kilometre radius of the Ram Janmabhoomi Temple, an area witnessing a real estate boom fuelled by religious tourism and rapid infrastructure growth. Here, circle rates have jumped over 150%, pushing land values in the prime zone to Rs 26,600–27,900 per square metre, compared to Rs 6,650–6,975 earlier.Shanti Bhushan Chaubey, sub-registrar of Sadar (Faizabad) tehsil, said the hike followed a proposal submitted last September. “After addressing objections, the new circle rates were approved by District Magistrate Tikaram Funde and have now been enforced,” he said.According to Chaubey, the sharpest hikes were recorded in areas with the most land activity. “Localities […]
China exports: Global shipments rose 4.8% in May; inflow to US falls nearly 35% amid trade talks
[ad_1] China’s export growth lost momentum in May, rising 4.8% year-on-year, a sharp slowdown from the 8.1% surge recorded in April, as per the customs data released on Monday.The deceleration came amid a sharp drop in shipments to the United States, down 35% year-on-year, as tensions between the two economic giants continued to cloud trade prospects.The figures were released just hours ahead of another round of US-China trade negotiations scheduled for later in the day, in London. These talks come after a phone call between US President Donald Trump and Chinese President Xi Jinping last week. Zichun Huang of Capital Economics anticipated exports growth to revive in June, thanks to a 90-day suspension on most of the tariffs the two countries have imposed on each other.China’s imports also fell in May, down 3.4% year-on-year, leaving the country with a trade […]
Tata Motors future plans: Rs 33,000-35,000 crore investment to boost passenger vehicles; hoping to lead in EV segment
[ad_1] Automaking giant Tata Motors is planning massive investment plans for the future, earmarking Rs 33,000 crore to Rs 35,000 crore for FY 26-30 on product actions. The Mumbai-headquartered company is targeting 30 product actions, including the launch of seven new models, as it looks to sharpen its competitive edge in India’s fast-evolving passenger vehicle (PV) market.As part of its long-term strategy, the automaker aims to secure a 16% market share, including electric vehicles (EVs), by FY27, rising to 18–20% over the next few years. Tata Motors expects the domestic PV industry to hit annual sales of 60 lakh units by 2030 and is positioning itself to ride that wave with a refreshed and expansive portfolio.“Looking ahead, we will strengthen our portfolio by FY30...7 new nameplates and 23 product refreshes will holistically enhance the portfolio,” the company told analysts in […]
India’s two-wheeler industry: Growth to surpass Covid-19 levels soon; driven by RBI rate cuts and robust domestic demand
[ad_1] The two-wheeler industry in India is set to undergo a massive selling surge, surpassing pre-Covid-19 levels, driven by RBI’s rate cut, strong domestic demand and significant recovery in exports. According to a report by CareEdge Ratings, the sector is expected to register a healthy volume growth of 8–9% in FY26. This follows three years of strong performance, with volumes rising by 8% in FY23, 10% in FY24 and 11% in FY25.A key factor behind this growth is the Reserve Bank of India’s cumulative 100 basis points rate cut since February 2025, including a 50 bps reduction last week, which is anticipated to make vehicle loans more affordable and spur demand.“The cumulative 100 bps rate cut by the RBI since February 2025, with the recent 50 bps rate cut announced last week, is expected to enhance affordability and boost demand” […]
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