FINANCIAL SERVICES
LG Electronics set to launch Rs 15,000 crore IPO in India this October
LG Electronics is set to launch its Indian arm's IPO in October, aiming to raise ₹15,000 crore. The offering, approved by Sebi, involves selling 15% of the local unit. This move follows a postponement due to market volatility and seeks to capitalize on the current bullish primary market momentum, making it potentially the largest IPO of 2025.
FPIs dump Rs 22,789 crore in August, financials and IT hit hard
Foreign investors heavily sold Indian equities in August, withdrawing over ₹80,000 crore in July and August combined. Financial services faced the brunt, with ₹9,817 crore offloaded in the second half of August, following ₹13,471 crore earlier. IT stocks also experienced sustained pressure, with FPIs selling ₹4,905 crore in the latter half after an earlier sell-off.
Turtlemint Fintech Solutions files confidential DRHP with SEBI
Turtlemint, an insurtech firm, has submitted IPO papers to Sebi. The company will use the confidential pre-filing route. ICICI Securities and Jefferies India are among the lead bankers. Dhirendra Mahyavanshi and Anand Prabhudesai founded Turtlemint in 2015. The platform simplifies insurance policy purchase. Turtlemint has sold 1.6 crore policies. Several other firms have also opted for confidential filings recently.
Amber Enterprises, Trent among key winners of GST-driven demand upswing
India's retail sector anticipates a consumption boost. The GST Council's tax slab rationalization aims to reduce prices on many goods. Apparel, footwear, and consumer electronics will likely see price drops. Organized retail may gain against unorganized players. Amber Enterprises and Trent are expected to benefit. Challenges like inverted duty structures remain. This policy shift signals a push toward consumption-driven growth.
Kalyan Kumar set to lead Union Bank as Lalit Tyagi may join Central Bank amid reshuffle
Kalyan Kumar is expected to lead Union Bank of India. Lalit Tyagi is likely to transfer to Central Bank of India. Asheesh Pandey is dropped from consideration for a top post. The Financial Services Institutions Bureau had recommended Pandey. Reserve Bank of India had previously raised concerns about Pandey. Union Bank has been without a head since June.
GST reforms to set stage for next investment cycle, provide tailwind for growth in coming quarters and years: Sanjiv Bajaj
Sanjiv Bajaj hailed the government’s GST rate cuts as the biggest reform since 2017, calling it a major driver for demand, lending, and financial services. He expects festive spending, MSME growth, and housing finance to benefit, alongside expanded insurance coverage due to exemptions.
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Amazon completes $200 million cash acquisition of Axio, adds an NBFC licence via deal
While the company did not disclose the deal size, sources pegged it at around $200 million, with all the existing investors of Axio making an exit and the founders continuing to run the show.
Dreamfolks Services shares fall 2% as Travel Food terminates contract
Dreamfolks Services shares fell after Travel Food Services ended its lounge access contract, effective September 15, 2025, citing failed renegotiations over commercial terms.
Stock Radar: Paytm hits fresh record high in September 2025; will the rally sustain or should you book profits?
Paytm has been on an uptrend since March 2025, supported by positive investor sentiment and strong bounce backs. Technical analysis suggests a potential rally continuation, with experts recommending a buy for a target of Rs 1,330 in the next 2-3 weeks. The stock's price structure, option flows, and stable volatility further validate the bullish outlook.
You will make 12-15% CAGR but don’t invest for 5-6 month horizons: Raamdeo Agrawal
Raamdeo Agrawal of Motilal Oswal Financial Services advises long-term investment in Indian equities, projecting 12-15% annual growth. He cautions against short-term expectations and suggests staggered investments amid market volatility. Agrawal urges GST rationalization and opening tourism and education sectors for economic stimulus.
Stocks in news: Jio Financial, Swiggy, Aptus Value Housing, Coal India, Maruti Suzuki
Indian markets surged, fueled by GST Council optimism. Key highlights include BHEL securing a ₹2,600 crore order and Swiggy raising platform fees in high-demand areas. Aptus Value Housing faces a potential share sale by WestBridge Capital, while Maruti Suzuki unveils its new Victoris SUV. Coal India is venturing into renewable energy with significant solar and wind power plant tenders.
NSE appoints former IFSCA chairman Injeti Srinivas as Public Interest Director
The National Stock Exchange (NSE) has appointed Injeti Srinivas, former chairman of the International Financial Services Centres Authority (IFSCA), as a Public Interest Director on its board.
Promoter group firms infuse Rs 3,956 crore in Jio Financial
Jio Financial Services Ltd (JFSL) has received Rs 3,956 crore from promoter group companies, Sikka Ports & Terminals Ltd and Jamnagar Utilities & Power Private Ltd, through the allotment of 50 crore warrants to fund expansion. Each company received 25 crore warrants at Rs 316.50 per unit.
Indian shadow banks’ IPO boom falters on mounting credit stress
Initial Public Offerings of India's shadow banks face challenges. Several firms, including SK Finance and Belstar Microfinance, shelve their IPO plans. Investors are wary due to rising bad loans and economic uncertainty. Other lenders like Veritas Finance and Aye Finance delay their offerings. Concerns about unsecured loans and US tariffs add to the pressure.
Promoters selling, retail investors buying. Who's right? Raamdeo Agrawal answers
Despite Indian promoters offloading record shares, retail investors remain bullish, says Raamdeo Agrawal. Promoter shareholding fell to an eight-year low, while domestic institutional investors' share rose to a record high, surpassing foreign investors. Agrawal likens the market to expensive Mumbai property, advising investors to accept slightly higher prices for long-term growth.
Austere Systems IPO opens today with 8% GMP. Check issue size, price band and other details
Austere Systems, an IT company, launches its IPO on Wednesday. The IPO aims to raise Rs 15.57 crore. It has already generated significant interest in the grey market. The IPO will remain open until September 8. Allotment is expected the following day. Listing on the BSE SME platform is tentatively scheduled for September 11.
Raamdeo Agrawal advocates for bold reforms in India amid US tariff challenges
Raamdeo Agrawal advocates for bold reforms by the government. He notes the current market dynamics of promoters selling and retail investors buying. Agrawal sees opportunities despite pricey valuations, advising investors to buy and hold for long-term growth. He cautions against the risks of investing in unlisted companies. He suggests a SIP approach for lump sum investments.
Tata Capital sets stage for USD 2 bn IPO after global roadshows; valuation seen at $18 billion
Tata Capital is gearing up for its highly anticipated USD 2 billion IPO, slated to debut by September 30, potentially becoming the largest IPO of 2025. Following successful investor roadshows across global financial hubs, the company's valuation is expected to reach USD 18 billion.
Mobikwik shares jump 12% after ADIA exits via block deal
Mobikwik shares rose 12% to Rs 266 after Abu Dhabi Investment Authority sold its 2.1% stake via a block deal worth Rs 39.2 crore. The exit eased selling pressure, boosting investor sentiment. Despite the rise, Mobikwik reported a Rs 41.9 crore Q1 loss, driven by a 65% drop in financial services revenue.
Rs 2.4 lakh crore wiped out from Mukesh Ambani stocks in 1 year. Can Reliance drive the comeback?
Mukesh Ambani's ten companies collectively experienced a market value erosion of nearly Rs 2.4 lakh crore in the past year, with Reliance Industries leading the decline. Despite this downturn, brokerages remain optimistic about Reliance's long-term prospects in telecom, new energy, and AI, while concerns linger regarding the Jio IPO and its potential benefits for RIL shareholders.
IndusInd Bank appoints Pragati Gondhalekar as Head – Internal Audit, Senior Management Personnel
IndusInd Bank has appointed Mrs. Pragati Gondhalekar as Head – Internal Audit and Senior Management Personnel, effective September 1, 2025. With over 27 years of global audit and consulting experience, she has previously held senior roles at Deutsche Bank, L&T Financial Services and PwC.
Two Trades for Today: A financial services firm for 5.45% rise, a mid-cap auto ancillary stock for almost 7% gain
Technical analysis identifies select stocks that may gain momentum even in volatile markets. Here are the technical calls for today.
Monthly UPI transactions cross 20 billion for first time in August
According to data shared on social media by the Department of Financial Services, the total UPI transaction count touched 20.01 billion in August 2025. UPI recorded 20.01 billion transactions amounting to Rs. 24.85 lakh crore. The year-on-year (YoY) growth stood at 34% in transaction count and 21% in transaction amount.
Explained: What record-breaking Jio IPO means for 44 lakh Reliance Industries shareholders
Mukesh Ambani is gearing up for Jio's mega IPO — tipped as the "mother of all IPOs" – but Reliance Industries' 44 lakh shareholders may be sidelined. Unlike the Jio Financial Services spin-off, this listing won't give them direct shares. Instead, they'll benefit indirectly via RIL’s 66.3% stake, which may face a holding company discount from investors seeking direct exposure.
Will it be another muted September for Dalal Street?
Indian equity investors might face a lackluster September, as historical trends indicate a subdued market performance. Data reveals that key indices like Nifty 50 and Nifty 500 have often declined during this month over the past decade. Technical analysis suggests a slightly negative outlook, with potential upside capped until Nifty surpasses specific levels.
Raamdeo Agrawal sees long-term opportunities as India enters new growth cycle
Raamdeo Agrawal believes India is entering a new phase of economic growth. He suggests this cycle is stronger and more sustainable. Agrawal advises investors to be selective and focus on companies with strong earnings. He highlights opportunities for long-term wealth creation. Market experts emphasize the importance of fundamental changes and corporate earnings quality.
Jio Payments Bank to allow customers to invest idle deposits in overnight MFs
Jio Payments Bank plans to introduce 'Savings Pro,' an innovative savings account that auto-invests idle cash in overnight mutual funds for higher returns. The bank, serving over 25 lakh customers, aims to diversify revenue streams through various services and strategic tie-ups. Jio Financial Services focuses on unit economics and responsible growth, leveraging AI and analytics to enhance financial services.
Jio Financial AGM: Here are the top 5 takeaways and hints for RIL AGM
Jio Financial Services (JFS) revealed ambitious expansion plans at its AGM, showcasing significant growth in its lending business, with AUM surging to Rs 11,665 crore. Strategic partnerships with Allianz and BlackRock signal JFS's entry into insurance, asset management, and securities broking.
Arohan Financial Services eyes 20 pc growth in outstanding loan portfolio
Arohan Financial Services anticipates a 20 percent growth in its loan portfolio this fiscal year. Last year, their portfolio stood at Rs 6,100 crore. They operate through 1,102 branches, serving 21 lakh customers. In the previous fiscal year, the company reported a net profit of Rs 110 crore. Arohan emphasizes the need for long-term capital in the microfinance sector.
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