Category: News

Finance Minister Nirmala Sitharaman delivered a clear message at the CII Global Economic Policy Forum: the industry needs to realign itself to navigate the evolving landscape shaped by political, strategic, and economic priorities. Restoring supply chains isn’t just about smooth logistics anymore; it’s about embedding resilience to guard against geopolitical and strategic risks. Blending large, small, and medium enterprises is key to achieving a balance of “scale and spread” that supports job creation and sustainable growth. Adaptability, she said, is not optional—it’s a necessity in the face of newer and increasingly complex challenges.

Vishal Mega Mart’s IPO, championed by Kedaara Capital, hit the stage today, December 11, and stays open till Friday, December 13. Just yesterday, this hypermarket heavyweight grabbed ₹2,400 crore through its anchor book, a move that clearly turned heads among global and domestic institutional players. The shares are priced between ₹74 and ₹78, with an original value of ₹10. The entry ticket is 190 shares, and you can add more only in blocks of 190. No fresh stock here, though—it’s an all-out offer for sale. Samayat Services LLP, sitting on a commanding 96.46% stake, aims to offload ₹8,000 crore worth of equity. This IPO isn’t just another market event—it’s a power play by one of India’s retail titans. For those eyeing growth stories with scale, this one might deserve a spot on your radar.

Vishal Mega Mart’s IPO, championed by Kedaara Capital, hit the stage today, December 11, and stays open till Friday, December 13. Just yesterday, this hypermarket heavyweight grabbed ₹2,400 crore through its anchor book, a move that clearly turned heads among global and domestic institutional players. Price pegged at ₹74 to ₹78 a share, with a face value of ₹10. The entry ticket is 190 shares, and you can add more only in blocks of 190. No fresh stock here, though—it’s an all-out offer for sale. Samayat Services LLP, sitting on a commanding 96.46% stake, aims to offload ₹8,000 crore worth of equity. This IPO isn’t just another market event—it’s a power play by one of India’s retail titans. For those eyeing growth stories with scale, this one might deserve a spot on your radar.

The Indian rupee is likely to face continued pressure on Wednesday, with the U.S. dollar remaining strong and the local currency still under a bearish trend. This could push the rupee closer to a new lifetime low, although traders expect the central bank to step in and limit any sharp losses. The rupee weakened on Tuesday after the appointment of Sanjay Malhotra, a career bureaucrat, as the new Reserve Bank of India (RBI) governor, prompting traders to increase bets on rate cuts in India next year.