Business
Indias IPO Proceeds Hit Record Rs 1.77 Lakh Crore In 2025
New Delhi: India’s initial public offerings (IPO) have raised a record Rs 1.77 lakh crore ($19.6 billion) in 2025 so far, marginally higher than the 2024 tally, as companies rush to capture increasing investor demand.
With five more offerings scheduled to close on or before December 16, including ICICI Prudential Asset Management Co.’s $1.2‑billion deal, the total value of IPO proceeds is set to rise much higher than last year’s proceeds.
In 2024, Indian IPOs raised Rs 1.73 lakh crore, according to data compiled by Bloomberg. The surge reflects a maturing capital market driven by a swelling base of retail investors and steady institutional appetite, even as demand for equities in the secondary market softened.
Analysts said that firms are using buoyant demand to lock in funding before global conditions tighten, and India has eased the process for companies to list and initiated a run of big-ticket deals.
Foreign institutional investors remain active participants in IPOs despite selling a record number of Indian equities in the secondary market. FII enthusiasm in primary markets helped companies across sectors and market caps to raise capital at elevated valuations.
Almost half of the more than 300 firms listed so far this year are trading below their offer price when the scrips debuted.
Securities and Exchange Board of India (SEBI), on Thursday, proposed key reforms to address long-standing challenges around locking in pre-IPO pledged shares and simplifying public issue disclosures.
SEBI has suggested enabling depositories to designate pledged shares as “non-transferable” for the lock-in period in response to directives from the issuer.
India’s financial markets are heading into 2026 with renewed confidence, with notable surges in recent months and a resilient macroeconomic environment. This sharp turnaround was fuelled by multiple domestic triggers, including the GST 2.0 rate rationalisation that accelerated consumption across discretionary categories, a surge in manufacturing activity reflected in a two-month high PMI of 58.4.
Business
Indian Railways Has Increased Number Of Daily Train Services To 11,740: Ashwini Vaishnaw
New Delhi: Minister of Railways Ashwini Vaishnaw informed Parliament on Wednesday that the daily average number of train services on the Indian Railways network has gone up to 11,740 (November 2025) from 11,283 services operating prior to Covid-19.
The Indian Railways network has increased the daily average number of Mail and Express services to 2,238 (November 2025) as against 1,768 services operating prior to Covid-19.
In a written reply to a question in the Lok Sabha, the minister further stated that Indian Railways undertook rationalisation of the time-table, including rationalisation of train services and stoppages, in a scientific manner with the assistance of IIT-Bombay. The exercise has been undertaken to provide for better passenger safety by creating maintenance corridor blocks, speeding up train services and improving punctuality.
Since November 2021, Express train services have been operated as per a rationalised timetable and regular numbers.
The minister also said that at present, 164 Vande Bharat train services having Chair Cars are operational on the Indian Railways network, besides the introduction of new train services, including Vande Bharat Express services and their variants.
He further stated that to cater to long and medium distance overnight travel, the Sleeper variant of the Vande Bharat train has been indigenously designed. Two such rakes have been manufactured and are under trial.
Broad Technological advancements and safety features provided in Vande Bharat Sleeper Trains include the KAVACH safety system, higher acceleration with operating speed of 160 KMPH, crashworthy and jerk-free semi-permanent couplers and anti-climbers, fire barrier doors at the end of each coach and improved fire safety aerosol-based fire detection and suppression system in electrical cabinets and lavatories, the minister said.
Besides, these trains have a regenerative braking system for energy efficiency, air conditioning units provided with indigenously developed UV-C lamp-based disinfection systems, centrally controlled automatic plug doors and fully sealed wider gangways.
They are also equipped with an emergency talk-back unit for communication between the passenger and train manager or loco pilot in case of emergency. The facilities include a centralised Coach Monitoring System for better condition monitoring of passenger amenities such as air conditioning, saloon lighting, as well, Minister Ashwini Vaishnaw added.
Business
Oracle shares slide as earnings fail to ease AI bubble fears
Shares of cloud computing giant Oracle plunged more than 10% in after-hours trading on Wednesday after the company’s revenues fell short of Wall Street expectations.
The company reported revenue of $16.06bn (£11.99bn) for the three months that ended in November, compared with the $16.21bn projected by analysts.
Revenue growth was up 14%, with a 68% surge in sales at its AI business, Oracle Cloud Infrastructure (OCI), the company said.
OCI services major AI technology developers whose demand for Oracle’s AI infrastructure helped the company’s shares reach new highs this fall but Wednesday’s results failed to quell fears about a potential AI bubble.
In September, Oracle agreed a highly sought-after contract with ChatGPT-maker OpenAI, which agreed to purchase $300bn in computing power from Oracle over five years.
Oracle chairman and chief technology officer Larry Ellison briefly became the world’s richest man in after the announcement.
But the firm’s shares have lost 40% of their value since peaking three months ago. Still, they are up by more than a third since the start of the year.
In a statement issued on Wednesday, Mr Ellison struck a cautious tone.
“There are going to be a lot of changes in AI technology over the next few years and we must remain agile in response to those changes,” he wrote.
Mr Ellison also appeared to snub Nvidia, the designer of highly-sophisticated AI chips, saying Oracle would buy chips from any maker in order to serve clients.
“We will continue to buy the latest GPUs from Nvidia, but we need to be prepared and able to deploy whatever chips our customers want to buy,” Mr Ellison declared in a policy he called “chip neutrality”.
Oracle is involved in multiple AI infrastructure arrangements that have raised the prospect that major players in the sector are participating in ‘circular financing’ deals whereby companies finance purchases of their own products and services.
“Oracle’s earnings arrive as investors weigh whether its massive OpenAI partnership might mean overexposure with a customer currently in the spotlight over profitability concerns,” said Emarketer analyst Jacob Bourne following the release of the company’s quarterly report.
Mr Bourne said Oracle faced mounting scrutiny over the increased debt the company has amassed to fund building data centres.
But others said Wall Street’s negative reaction was unfounded.
“This was nothing but a great quarter for Oracle,” said Cory Johnson, Chief Market Strategist at Epistrophy Capital Research. “Revenue growth of 14% is accelerating.”
Including the OpenAI deal from September, Mr Johnson noted, Oracle has signed $385bn in contracts over six months, and “those new clients are the likes of Meta and Nvidia.”
“But AI sentiment is so bad right now, that’s seen as a bad thing for Oracle,” he added.
Oracle raised a record $18bn in a massive bond sale in September, one of the largest debt issuances ever in the tech sector.
“Although Oracle’s shares are buoyed by its September surge, this revenue miss will likely exacerbate concerns among already cautious investors about its OpenAI deal and its aggressive AI spending,” Mr Bourne said.
The Ellison family, supporters of US President Donald Trump, also recently purchased Paramount and have spearheaded a bid to take over another major Hollywood studio, Warner Brothers Discovery.
Business
TCS to buy AI advisory firm for $700 million – The Times of India
BENGALURU: TCS signed a definitive agreement to acquire US-based Salesforce consulting firm Coastal Cloud in an all-cash deal valued at $700 million. Founded in 2012, Coastal Cloud brings AI-led advisory and business consulting capabilities to help clients reimagine sales, service, marketing, revenue, and commerce. With the acquisitions of ListEngage and now Coastal Cloud, TCS said it’s placed among the top five Salesforce consulting firms globally. In Oct, TCS strengthened its Salesforce practice through the acquisition of ListEngage, with capabilities for its Agentforce, marketing cloud, and commerce cloud expertise. Coastal Cloud was nominated to the Salesforce Partner Advisory Board, allowing it to help shape product innovations and develop services to support new launches.The firm is led by Eric Berridge, a Salesforce veteran who built and scaled category-leading Salesforce services ventures. Salesforce Ventures has been a strategic investor in the company. The acquisition adds over 400 seasoned professionals with more than 3,000 multi-cloud certifications, strengthening TCS’ Salesforce advisory and consulting capabilities across verticals. Coastal Cloud’s client portfolio spans multiple industries, and the deal gives TCS greater access to the mid-market segment, along with cross-selling synergies across both firms’ customer bases.TCS COO Aarthi Subramanian said, “This acquisition marks a pivotal milestone in advancing our global Salesforce capabilities and accelerating our AI-led transformation agenda. It is another significant step towards realising TCS’s vision of becoming the world’s largest AI-led technology services company.” The transaction, however, is subject to approvals from regulatory bodies.
-
Business1 week agoCredit Card Spends Ease In October As Point‑Of‑Sale Transactions Grow 22%
-
Business1 week agoIndiGo Receives Rs 117.52 Crore Penalty Over Input Tax Credit Denial
-
Politics4 days ago17 found dead in migrant vessel off Crete: coastguard
-
Business1 week agoMeesho IPO Opens Tomorrow: From Price Band To Lot Size And More, Here Are10 Key Things To Know
-
Fashion1 week agoWorld goods trade growth set to moderate as barometer index dips: WTO
-
Politics3 days agoThailand launches air strikes against Cambodian military: army
-
Fashion3 days agoGermany’s LuxExperience appoints Francis Belin as new CEO of Mytheresa
-
Fashion1 week agoOutlook on Philippines’ long-term rating positive: S&P Global Ratings
