Business news highlights (July 1): Coal India production drops by 8.5 percent in June

Business news live: Coal India's output drops 8.5% in June; Q1 production also slips

• Coal India Ltd (CIL) on Tuesday reported an 8.5% year-on-year drop in coal production for June, producing 57.8 million tonnes (MT) compared to 63.1 MT in the same month last year.
• The state-run miner also recorded a decline in output for the April–June quarter of the current fiscal, producing 183.3 MT versus 189.3 MT in the corresponding period of the previous year.
• This decline comes despite the government’s push to increase domestic production and reduce dependence on coal imports.

Business news live: India sends geologists to Zambia to explore copper and cobalt deposits, sources say

• India has dispatched a team of geologists to Zambia to explore copper and cobalt deposits, two Indian government sources said, as New Delhi steps up efforts to secure critical mineral supplies essential to its energy transition.
• The Zambian government this year agreed to allocate 9,000 square km (3,475 square miles) to India for the exploration of cobalt - a key component in batteries for electric vehicles and mobile phones - as well as for scouting copper, which is widely used in power generation, electronics, and construction. - Reuters

8th Pay Commission Live: When was 7th Pay Commission announced

The 7th Central Pay Commission (CPC) was announced on September 25, 2013, and its Chairman along with the Terms of Reference were officially notified around 156 days later, on February 28, 2014.

8th Pay Commission Live: What Ashwini Vaishnaw had said

While announcing the Union Cabinet's approval to set up the 8th Pay Commission in January 2025, Union Minister Ashwini Vaishnaw had stated that the chairman and two members of the commission would be appointed soon. However, those appointments have yet to materialise.

8th Pay Commission Live: Centre yet to issue gazette notification, delay surpasses 7th Pay Commission

• The delay in issuing the Gazette notification for appointing the chairman, members, and defining the Terms of Reference (ToR) for the 8th Central Pay Commission (CPC) has become a point of concern for central government employees and pensioners.
• Although the government had announced plans to set up the 8th CPC in early January 2025 to ensure a seamless transition from the 7th Pay Commission, the official notification is yet to be released, surpassing the timeline followed during the formation of the 7th CPC.

IPO News Live: Shadowfax takes confidential route to file paper for Rs 2,500-crore IPO

Flipkart-backed logistics startup Shadowfax has filed its draft red herring prospectus (DRHP) under the confidential route to raise Rs 2,000-2,500 crore through an initial public offering (IPO), as an increasing number of startups throng Dalal Street. (Read More)

IPO News Live: Hero Motors refiles IPO papers - Key takeaways

• Hero Motors, led by Pankaj Munjal of the Munjal family—also behind India’s largest two-wheeler manufacturer Hero MotoCorp—counts global giants like BMW and Ducati among its clients.
• According to the company, proceeds from the IPO will be used to reduce debt and finance the purchase of equipment to expand its manufacturing facility in Uttar Pradesh.
• For the full fiscal year 2024, Hero Motors reported a 67% decline in net profit year-on-year, as rising expenses outweighed a modest 1% increase in revenue.

IPO News Live: Hero Motors refiles IPO papers, ups issue size to Rs 1,200 crore

Hero Motors has submitted a revised draft red herring prospectus (DRHP) to SEBI for its upcoming IPO, raising the total issue size to Rs1,200 crore. The offering will comprise a fresh issue of shares worth Rs800 crore and an offer for sale (OFS) of Rs400 crore by existing shareholders. The company plans to utilise the proceeds for debt reduction and expansion of its facility in Uttar Pradesh.

IPO News Live: Raymond Realty makes market debut

Raymond Realty listed at Rs1,005 on the BSE and Rs1,000 on the NSE, marking its official entry on Dalal Street.

Globe Civil Projects shares list at 27% premium over IPO price on NSE

Globe Civil Projects shares listed at 27 percent premium on the National Stock Exchange (NSE) on July 1, following a bumper subscription of 86.03 times in the primary market between June 24 and 26. (Read More)

Kalpataru shares list flat at IPO price on NSE; experts recommend buy, sell or hold strategy

Kalpataru shares listed flat at the IPO price on the National Stock Exchange (NSE) on July 1, following a subscription of 2.26 times in the primary market. Shares of Kalpataru were listed at Rs 414 per share on the NSE, at par with its issue price. The Rs 1,590-crore initial public offer (IPO) had a price band of Rs 387–414 per share. The total market cap of the company post listing of shares stood at Rs 8,524.84 crore. (Read More)

What's happening in stock market?

Nifty near 25,600, Sensex up 220 pts; Apollo Hospitals, BEL, HCL Tech top gainers (Read More)

Kalpataru Projects Share Price Live: Kalpataru Projects trade at Rs 1,239.95 in BSE pre-open

Kalpataru is trading at Rs1,239.95 in the BSE pre-open session, up Rs10.95 or 0.89% from its previous close.

Kalpataru Projects Share Price Live: Kalpataru Projects trade at Rs 1253.45 in BSE pre-open

Stocks to Watch Today

CG Power, Kalpataru Projects, Ellenbarrie, KSB, NCC, Bharat Electronics, HCL Tech, AAVAS Financiers, Apollo Hospitals in focus on 1 July (Read More)

Trade setup for July 1: Top 15 things to know before the opening bell

The Nifty 50 slipped into the red for the first time in the last five consecutive sessions, declining by 0.5 percent on June 30 due to profit booking, following a 2 percent rally in the past week. Overall, the trend remains upward, although consolidation and range-bound trading may persist for a few more sessions before the market enters a fresh leg of the upmove, according to experts. As long as the index trades below 25,700, the consolidation may continue, with support at 25,400—below which the correction could extend to 25,200, a key support zone. (Read More)

Dollar down 10% in first half of 2025, biggest fall since early 1970s

The US dollar languished at its weakest against the euro since September 2021 on Tuesday, as President Donald Trump's spending bill stoked fiscal worries and uncertainty around trade deals continued to weigh on sentiment. (Read More)

Kalpataru Projects Share Price Live: What was the response from the anchor investors

Prior to the launch of its initial public offering (IPO) for public subscription, the company secured Rs 708 crore from anchor investors. The proceeds are intended to be used for debt repayment and general corporate purposes.

Kalpataru Projects Share Price Live: What you need to know about Kalpataru Projects

The group operates across multiple countries and is involved in EPC contracting across various sectors, including power transmission and distribution, oil and gas, railways, civil infrastructure, warehousing and logistics, as well as facility management.

Sensex, Nifty eye rebound after profit-taking pause; key levels to track on July 1

Benchmark indices Nifty and Sensex look poised for a positive start to July, buoyed by record highs on Wall Street after Canada scrapped its digital tax to ease trade talks with the US. At about 7:30 am, Gift Nifty traded 0.2 percent higher at 25,627. In the previous session, Dalal Street snapped a four-session rally as investors rushed to take some profits off the table. The broader markets bucked the trend to gain around 50 basis points each, despite the muted market sentiment seen in the benchmarks. (Read More)

Kalpataru Projects Share Price Live: Bajaj Broking tells investors to 'subscribe to the Kalpataru IPO with a long-term view'

Analysts at Bajaj Broking had advised investors to subscribe to the Kalpataru IPO with a long-term view. “Kalpataru’s strength lies in its proven track record of delivering quality real estate projects,” they noted. “The company’s customer-centric approach, focused on meeting client needs and preferences, has helped strengthen its brand visibility. The ‘Kalpataru’ brand is used under an intellectual property license agreement dated July 1, 2022, with Kalpataru Business Solutions Private Limited, a group company,” the brokerage stated in its note.

Kalpataru Projects Share Price Live: 'Offer seems geared more toward long-term investors'

“Kalpataru, despite being a strong brand with a sizable asset base of 1,900 acres under development, continues to operate with thin margins and a debt-laden balance sheet—making debt repayment a primary objective of the IPO,” Bhavik Joshi, Business Head at INVasset PMS noted. “The valuation appears steep, with an EV/EBITDA multiple of around 186×, prompting understandable caution among analysts. The offer seems geared more toward long-term investors, banking on a recovery in the real estate sector and successful project execution across key metro cities. The lukewarm response from retail investors reflects prevailing concerns over these high valuations,” he added.

Kalpataru Projects Share Price Live: What are experts saying for Kalpataru IPO

Market experts suggest that the stock may be better suited for long-term returns rather than short-term gains. Bhavik Joshi, Business Head at INVasset PMS, commented, “The IPO, priced in the Rs387–414 range, saw an overall subscription of 2.26 times—driven primarily by institutional investors, with QIBs subscribing 3.12 times. In contrast, retail and NII participation was relatively mild at around 1.3 times.” He added that a strong Rs708 crore anchor investment at the upper price band of Rs414 indicates institutional confidence. However, grey market signals in the range of Rs3–6 hint at a near-par listing around Rs417, reflecting only a modest upside.

Kalpataru Projects Share Price Live: Grey Market Premium (GMP) trends

• According to Investorgain, Kalpataru’s unlisted shares were trading flat at Rs 414 apiece — the same as the IPO’s upper price band — indicating a zero grey market premium.
• Earlier, before the IPO opened, the shares carried a GMP of around 2%.
• As per IPO Watch, the latest GMP stood at around 1%, with shares trading at Rs 418 in the unofficial market.

Kalpataru Projects Share Price Live: What was the price band

• Kalpataru’s maiden public issue was entirely a fresh issue of equity shares.
• Issue Size: Rs 1,590 crore
• Price Band: Rs 387–414 per share

Kalpataru Projects Share Price Live: IPO subscription overview

• The Rs 1,590-crore IPO by the Mumbai-based real estate developer saw a moderate response during the three-day bidding window from June 24 to June 26, 2025.
• Overall Subscription: 2.26 times
• Retail Individual Investors (RIIs): 1.29 times
• Non-Institutional Investors (NIIs): 1.31 times
• Qualified Institutional Buyers (QIBs): 3.12 times

Kalpataru Projects Share Price Live: Muted listing expected

Despite the anticipation, grey market signals suggest a subdued listing. Market experts, however, recommend investors to focus on the company’s long-term prospects rather than short-term listing gains.

Kalpataru Projects Share Price Live: Listing Date: July 1, 2025

Kalpataru shares are set to debut on the stock exchanges today, July 1, 2025.

Kalpataru Projects Share Price Live: Kalpataru Projects to make market debut today

Hello and welcome to Moneycontrol. Today, we are tracking the buzz around market debut of Kalpataru Projects. What should you do as an investor? What is the latest GMP trend? What about other IPOs? If you are keen on these questions, this is the right place. Stay with us as we bring you experts giving their advice on this IPO, status of other public offers and much more.