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Ravindra Sonavane

Principal Correspondent

Moneycontrol

Peak XV strikes gold with Groww, Pine Labs: Rs 350 crore bet delivers Rs 22,600 crore outcome

BUSINESS

Peak XV strikes gold with Groww, Pine Labs: Rs 350 crore bet delivers Rs 22,600 crore outcome

With this, Peak XV will rank among the most successful VC firms in terms of exits, as it stands to gain over $2.6 billion, with several of its portfolio companies, including Meesho and Wakefit, expected to go public in the coming years.

India Inc signals turnaround with strong Q2 sales

INDIA

India Inc signals turnaround with strong Q2 sales

September quarter shows decisive uptick in revenues and profits, fuelling hopes that the corporate earnings slump has bottomed out.

InterGlobe Aviation likely to join Sensex in December rebalancing; Grasim also in race

INDIA

InterGlobe Aviation likely to join Sensex in December rebalancing; Grasim also in race

InterGlobe Aviation set to soar into Sensex in December reshuffle; Grasim may also find a seat as Tata Motors faces likely exit post demerger.

Insurance, NPS pump record Rs 1 lakh crore into Indian equities in 2025 so far

INDIA

Insurance, NPS pump record Rs 1 lakh crore into Indian equities in 2025 so far

Record Rs1 lakh crore equity infusion by insurance and pension funds underscores deepening domestic participation

MF sector unlocks new milestone as equity assets cross Rs 50 lakh crore mark for first time

BUSINESS

MF sector unlocks new milestone as equity assets cross Rs 50 lakh crore mark for first time

The AUC stood at Rs 50.83 lakh crore, marking a record high and a sharp 30 percent rise from the February low of Rs 39.21 lakh crore

France, US, Germany power FPI comeback in October

INDIA

France, US, Germany power FPI comeback in October

After three months of exits, FPIs pour back into India — France, US and Germany drive rebound across equities and debt

India's Gold ETFs draw $850 million in October, second highest in Asia

INDIA

India's Gold ETFs draw $850 million in October, second highest in Asia

So far this year, inflows into Indian gold ETFs have reached a record $3.05 billion, with assets under management rising to $11.3 billion

India Inc's half time scorecard: Earnings upgrades outpace downgrades

INDIA

India Inc's half time scorecard: Earnings upgrades outpace downgrades

So far, 27 Nifty companies have announced their earnings for the September quarter, reporting year-on-year growth of 9 percent in sales, 8 percent in EBITDA

PhysicsWallah founders Alakh Pandey and Prateek Boob join billionaire club ahead of IPO

BUSINESS

PhysicsWallah founders Alakh Pandey and Prateek Boob join billionaire club ahead of IPO

Among institutional investors, WestBridge AIF holds 16.8 crore shares or 6.4 percent stake, valued at Rs 1,820 crore

LIC lifts stakes in SBI, Coal India, Sun Pharma, HCL; cuts exposure in HDFC Bank, ICICI Bank

INDIA

LIC lifts stakes in SBI, Coal India, Sun Pharma, HCL; cuts exposure in HDFC Bank, ICICI Bank

Among newly added stocks, BSE Ltd topped the list, with LIC purchasing 2.28 crore shares valued at Rs 4,637 crore.

Oyo rolls back controversial 6,000:1 bonus share plan after backlash

STARTUP

Oyo rolls back controversial 6,000:1 bonus share plan after backlash

After drawing criticism over its complicated bonus ballot, PRISM, the parent of Oyo, has withdrawn the plan and promised a fresh, transparent version for all shareholders — signalling a course correction before its market debut.

Pine Labs sets IPO band 26% below grey market peak; promoters, investors reap multibagger gains

BUSINESS

Pine Labs sets IPO band 26% below grey market peak; promoters, investors reap multibagger gains

Early backers hit jackpot, late entrants hit turbulence as Pine Labs prices offering below grey-market peak.

October sees sharp dip in SME IPO activity; Rs 219 crore raised from six issues

BUSINESS

October sees sharp dip in SME IPO activity; Rs 219 crore raised from six issues

A sharp pause follows months of heavy action in the SME lane, as timelines reset and issuers regroup after September’s listing frenzy.

Rumour-fuelled rally sends RRP Semiconductor up 66,500%; Rajendra Chodankar turns billionaire

INDIA

Rumour-fuelled rally sends RRP Semiconductor up 66,500%; Rajendra Chodankar turns billionaire

A little-known investor, a rebranded firm and a sky-high valuation — the rally raising eyebrows across India’s markets.

India logs busiest IPO month ever as October fundraising hits record Rs 46,000 crore

BUSINESS

India logs busiest IPO month ever as October fundraising hits record Rs 46,000 crore

October’s tally surpassed the previous record set in October 2024, when 6 IPOs raised Rs 38,690 crore. The third-highest month remains November 2021, which saw 9 IPOs raising Rs 35,665 crore, followed by November 2024 with 8 IPOs raising Rs 31,145 crore

Sunil Singhania’s Abakkus fund adds six new stocks, trims stakes in three during Q2

INDIA

Sunil Singhania’s Abakkus fund adds six new stocks, trims stakes in three during Q2

As of the September quarter, Singhania’s fund held 26 listed stocks valued at Rs 2,345 crore, compared to 20 stocks worth Rs 2,690 crore in the previous quarter — a decline of nearly 13 percent

Groww founders, early investors set for multi-bagger payday as IPO values firm at Rs 61,700 crore

INDIA

Groww founders, early investors set for multi-bagger payday as IPO values firm at Rs 61,700 crore

Bengaluru fintech fixes price band at Rs 95–100; issue opens November 4, valuing firm at Rs 61,735 crore

Investor Ashish Kacholia rejigs portfolio amid market volatility in September quarter

INDIA

Investor Ashish Kacholia rejigs portfolio amid market volatility in September quarter

As of the September quarter, Kacholia held 48 stocks valued at Rs 2,727 crore, compared to 35 stocks worth Rs 2,774 crore in the June quarter.

Mukul Agrawal expands holdings with 10 fresh buys, exits four counters

INDIA

Mukul Agrawal expands holdings with 10 fresh buys, exits four counters

Mukul Agrawal widens his investment horizon with fresh buys across mid-cap and emerging sectors, while rebalancing key holdings.

Lenskart gold rush: Who’s making how much from India’s eyewear unicorn’s mega IPO

BUSINESS

Lenskart gold rush: Who’s making how much from India’s eyewear unicorn’s mega IPO

SoftBank, Temasek, and Kedaara Capital among top gainers as IPO price band fixed at Rs 382–402 per share.

After record selling in secondary market, FIIs turn choosy in IPOs

BUSINESS

After record selling in secondary market, FIIs turn choosy in IPOs

FII inflows into IPOs drop 55 percent in 2025 amid sustained selling in secondary markets and rising global investment avenues.

IPO-bound Orkla India's foreign promoter took home nearly Rs 540 crore dividend in FY25

INDIA

IPO-bound Orkla India's foreign promoter took home nearly Rs 540 crore dividend in FY25

Orkla India declared maiden dividend of Rs 600 crore ahead of IPO, with foreign promoter taking lion’s share.

Markets brace for Rs 40,000-crore IPO wave till end of November

BUSINESS

Markets brace for Rs 40,000-crore IPO wave till end of November

Ten major companies, including Groww’s parent, Lenskart and ICICI AMC to tap the markets in a busy primary season.

LG Electronics India, Tata Capital face long wait for global index entry

INDIA

LG Electronics India, Tata Capital face long wait for global index entry

Big IPOs, Small Floats — LG India and Tata Capital Wait in the Wings for Index Entry

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