Six Indian companies have approached SEBI with IPO filings, including Sterlite Electric, Rays Power Infra, Augmont Enterprises, Rotomag Enertec, Oswal Cables, and Pride Hotels. Each IPO involves a mix of fresh equity shares and an offer for sale, with funds earmarked for debt repayment, capital expenditure, working capital, and general corporate purposes. Key projects include Rays Power Infra's solar cell plant, Sterlite Electric's expansion plans, and Augmont Enterprises' inventory management. These filings indicate a strong IPO pipeline, complementing the 77 main-board IPOs launched so far this year.Read more

A steel arch collapsed at the Ennore Thermal Power Plant construction site in Tamil Nadu, killing nine migrant workers from Assam and injuring several others. The injured were rushed to Stanley Government Hospital, with some in critical condition. Authorities have launched a thorough investigation to determine the cause of the accident. Prime Minister Shri Narendra Modi and Tamil Nadu Chief Minister M. K. Stalin announced ex gratia payments for the victims' families. Assam Chief Minister Himanta Biswa Sarma is coordinating the return of the deceased workers' mortal remains.Read more

Nippon Steel has acquired a 30% stake in the Kami iron ore project in Newfoundland and Labrador, Canada, through its subsidiary NS Canadian Resources. The investment, valued at CAD 150 million, was made alongside Australia's Champion Iron and Japan's Sojitz. An initial CAD 42 million (USD 30.2 million) has already been paid, with the remaining CAD 108 million to be released once a feasibility decision is finalized. The new venture, called Kami Iron Mine Partnership, will oversee feasibility work on developing the high-grade iron ore project, which is designed to support direct reduced iron production for low-carbon steelmaking.Read more

The government is examining whether e-commerce platforms are properly reflecting the revised GST rates in their pricing of everyday items. Consumer complaints have highlighted that many products have not seen price reductions consistent with the new tax slabs. Some platforms have been informally cautioned by officials, while explanations citing technical issues have also been received. The GST system now has two slabs, 5 per cent and 18 per cent, replacing four earlier rates. Authorities have directed GST field officers to provide monthly brand-wise reports on the prices of 54 commonly used items, including FMCG goods and household essentials.Read more

UST has made a strategic investment in Kaynes Semicon, aiming to jointly develop a state-of-the-art Outsourced Semiconductor Assembly and Test (OSAT) facility in Sanand, Gujarat. This collaboration supports India's "Make in India" initiative and seeks to enhance the country's semiconductor manufacturing capabilities. The project, valued at approximately INR 3,330 crore, combines UST's global reach and digital engineering expertise with Kaynes' local manufacturing strengths, positioning India as a competitive player in the global semiconductor market.Read more

India's online home services market is projected to grow at a CAGR of 18-22%, potentially reaching INR 85-88 billion by FY30, driven by urban demand for convenience, reliability, and speed. While the overall home services market was valued at INR 5,100-5,210 billion in FY25, online penetration remains low at less than 1% of net transactions. The rise of instant home services, influenced by quick commerce trends, is reshaping consumer expectations, particularly in India's eight largest cities, which account for 85-90% of current online demand.Read more

Global nuclear energy reached a record output of 2,677 terawatt-hours in 2024, largely driven by expansion in China. A new report highlights that maintaining this level will be difficult due to underinvestment, ageing plants, and construction setbacks. Renewables are advancing faster, with investment 21 times higher than nuclear last year and new capacity additions more than 100 times greater. Falling battery costs add further pressure. Most new nuclear construction since 2020 has been led by Chinese and Russian state firms, while Western small modular reactor projects remain stalled. Without major improvements, nuclear's share of electricity, about 9% in 2024, is expected to decline.Read more

The U.S. government's decision to impose a USD 100,000 fee on new H-1B visa applications is set to change the way Indian IT firms operate. With India making up the majority of H-1B approvals last year, the rule could limit cross-border staff movement, delay contracts, and increase project costs. While existing visa holders and renewals are not affected, the sudden announcement created confusion and forced many employees to alter travel plans. Industry experts expect more offshore work delivery, selective visa sponsorships, and a faster expansion of global capability centres in India and nearby regions.Read more

Interarch Building Solutions has expanded its manufacturing footprint by commissioning the second phase of its plant in Andhra Pradesh and adding a new Box Column Line at its Uttarakhand facility. The Andhra Pradesh unit has increased capacity by 25,000 metric tonnes per annum with an investment of INR 32 crore, while the Uttarakhand upgrade has added 15,000 metric tonnes annually through an outlay of INR 21 crore. These developments are aimed at supporting sectors such as renewables, automotive, electronics, EV infrastructure and FMCG.Read more

The IFC has committed USD 137 million to support India's electric bus expansion, allocating USD 100 million to JBM Ecolife and USD 37 million to GreenCell Mobility. The initiative plans to deploy 4,000 electric buses and build necessary charging infrastructure in 39 municipalities across Maharashtra, Assam, and Gujarat. JBM Ecolife will operate 1,455 buses, while GreenCell Mobility will enhance its fleet and charging systems. The project is expected to generate around 12,000 jobs and supports India's goal of 40% electric bus penetration by 2030.Read more