Pine Labs and PhysicsWallah IPO subscription update; Auto tech revs up as CarTrade, Spinny eye big buys and H-1B curbs push Indian IT subcontract bills
In today’s Tech3 from Moneycontrol, Pine Labs wraps up its Rs 3,900 crore IPO with 2.5x subscription while PhysicsWallah sees muted subscription. India’s auto-tech space shifts gears as CarTrade nears a $1.2 billion merger with CarDekho and Spinny moves to acquire GoMechanic. We also decode how H-1B visa curbs are driving up subcontracting costs for IT majors, and why Mastercard is warning about India’s overdependence on UPI
November 11, 2025 / 21:13 IST
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