The planned expansion of Kavach, India’s indigenous automatic train protection (ATP) system, is set to unlock a massive business opportunity of nearly ₹50,000 crore over the next six to seven years, as Indian Railways rolls out Phase-I of the programme across its network. Industry executives say the market potential could rise further as Indian firms eye overseas opportunities. Nova Control Tecnologix, a deeptech subsidiary of Etoe Transportation Infrastructure, has entered into a strategic partnership with Tata Elxsi to co-develop Kavach 4.0, the next generation version of the safety system. Senior executives from the two companies said the collaboration positions them…
Author: Adarsh Kumar
The initial public offering (IPO) of ICICI Prudential Asset Management Company (AMC) continued to witness strong investor interest on Day 2, with the grey market premium (GMP) climbing to nearly 14%, signalling improving sentiment ahead of the stock’s market debut. Early subscription data indicates healthy participation across investor categories, supported by confidence in the company’s fundamentals and brand strength. Market participants said the rise in GMP reflects expectations of a reasonable listing gain, amid relatively stable broader market conditions. While grey market trends are unofficial and prone to volatility, they are widely tracked as a short-term indicator of investor appetite.…
The United States has unveiled a nine-nation strategic coalition to strengthen the global semiconductor and artificial intelligence (AI) supply chain, with India notably absent from the initiative. The alliance, dubbed “Pax Silica,” includes Japan, South Korea, Singapore, the Netherlands, the United Kingdom, Israel, the United Arab Emirates, and Australia, according to a statement from the US Department of State. The group aims to build a secure, resilient, and innovation-driven silicon ecosystem, spanning critical minerals, advanced chip manufacturing, AI infrastructure, and global logistics. “These countries host the most influential companies and investors driving the global AI supply chain,” the State Department…
According to data from the Centre for Monitoring Indian Economy (CMIE), profit after tax (PAT) as a percentage of capital employed rose to 10.47% in September, up from 8.41% a year earlier. This is the highest level recorded since March 2010. The data covers 3,307 non financial companies, where capital employed includes both equity and borrowed funds. Another key metric, profit relative to net worth, climbed to 15.66%, also the strongest reading in over a decade, indicating improved returns for shareholders. Market experts attribute the trend to operational resilience. Independent analyst Deepak Jasani said companies protected margins during periods of…
Nepal is likely to soon permit the use of Indian currency notes above ₹100, a move expected to significantly ease cross-border travel and economic activity between the two neighbouring countries. The development comes nearly a decade after Nepal restricted the circulation of high-denomination Indian notes. According to local media reports, the Nepal Rastra Bank (NRB)—the country’s central bank is in the final stages of implementing the change. Guru Prasad Poudel, spokesperson for the NRB, said the regulator is preparing to publish an official notice in the Nepal Gazette, after which circulars will be issued to banks and financial institutions outlining…
Logistics and shipping platform Shiprocket, backed by Bertelsmann, Temasek, Tribe Capital and Eternal, has filed an updated Draft Red Herring Prospectus (UDRHP) with SEBI to raise ₹2,342.3 crore through an initial public offering (IPO). As per the filing dated December 12, the IPO will consist of a fresh issue worth ₹1,100 crore and an offer-for-sale (OFS) of ₹1,242.3 crore by existing shareholders. Key investors participating in the OFS include Bertelsmann, Tribe Capital, Lightrock, Arvind, Gautam Kapoor, Saahil Goel, and Vishesh Khurana. Shiprocket may also undertake a pre-IPO placement of up to ₹220 crore, which will be part of the fresh…
In India’s fast-evolving startup ecosystem, attention often centres on consumer apps and artificial intelligence-led platforms. However, a quieter set of startups—commonly described as “boring businesses”—is increasingly emerging as a strong engine of sustainable growth. These startups operate in areas such as enterprise software, logistics, compliance technology, industrial automation, fintech infrastructure and supply chain management. While they rarely generate viral buzz, they address essential business problems and offer services that companies depend on daily. What sets these startups apart is their predictable revenue model. Unlike consumer platforms that rely on aggressive marketing spends, enterprise-focused startups grow through long-term contracts, repeat clients…
NCR-based real estate developer Bhumika Group has announced plans to invest ₹700 crore in a large-scale mixed-use development in Faridabad, Haryana, reinforcing growing confidence in the city’s real estate potential. The project is expected to generate an estimated sales realisation of around ₹1,500 crore, according to company officials. Spread across approximately five acres, the development will feature 88 premium, low-density residential units configured as 3BHK plus study, along with dedicated staff accommodation. The residential component will be complemented by high-end luxury retail, entertainment facilities including a gaming zone, and multiple premium dining options, creating an integrated lifestyle destination. As per…
The Government of India has infused more than ₹3,100 crore into women-led startups over the past six years, underscoring its growing focus on promoting female entrepreneurship and innovation. The funding has been channelled through three flagship initiatives the Fund of Funds for Startups (FFS), the Startup India Seed Fund Scheme (SISFS), and the Credit Guarantee Scheme for Startups (CGSS) according to data shared by the Ministry of Commerce and Industry. Union Commerce and Industry Minister Piyush Goyal highlighted that India is now home to over two lakh government-recognised startups, with nearly 48% having at least one woman founder, director, or…
Elon Musk’s SpaceX has reached a fresh milestone, setting an estimated valuation of $800 billion through a new insider share sale, as the company prepares for what could become the largest initial public offering in history. The development signals growing investor confidence in the private space giant’s long term ambitions across launch services, satellite internet, and deep-space exploration. According to internal communications shared with shareholders, SpaceX is laying the groundwork for a possible IPO in 2026. The public listing would primarily be aimed at funding an aggressive expansion strategy, including a rapid launch cadence for its next-generation Starship rocket, investments…