Business
Upcoming IPOs This Week: Urban Company Among 9 Firms Set To Launch Public Issues; Full List

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Nine IPOs, including Urban Company and Airfloa Rail, will launch between September 8 and 18, 2025.

Upcoming IPOs.
Upcoming IPOs: The primary market is set for an action-packed week as nine companies are scheduled to launch their initial public offerings (IPOs) between September 8 and September 15, 2025. These offerings include a mix of small and medium enterprises (SMEs) and mainboard listings.
Nilachal Carbo Metalicks (NCM SME)
Nilachal Carbo Metalicks will open its IPO between September 8 and 10, 2025, at a fixed price of Rs 85 per share. The company’s listing is scheduled for September 15.
Karbonsteel Engineering (KARBONSTEEL SME)
Karbonsteel Engineering will hit the market during the same window of September 8–10. With a price band of Rs 151 to Rs 159, the engineering firm is looking to attract SME investors ahead of its listing on September 15.
Krupalu Metals (KRUPALUMETALS SME)
Krupalu Metals, another SME in the metals sector, will also open its IPO from September 8 to 10. The company has fixed its share price at Rs 72, and it will make its stock market debut on September 15.
Taurian MPS (TAURIAN SME)
Taurian MPS will join the cluster of early movers with its IPO running from September 8 to 10. Priced between Rs 162 and Rs 171, it will be among the higher-value SME offerings of the week, with its listing scheduled for September 15.
Jay Ambe Supermarkets (JAYAMBE SME)
Jay Ambe Supermarkets will open its IPO a day later, between September 9 and 11. With a price band set at Rs 74 to Rs 78, the retail-focused chain will list on September 16, seeking to tap into consumer-driven investor interest.
Shringar House of Mangalsutra (SHRINGAR)
Jewellery brand Shringar House of Mangalsutra will launch its IPO between September 10 and 12. Priced in the range of Rs 155 to Rs 165, the issue will list on September 17, offering investors exposure to the ornament and accessories market.
Urban Company (URBANCO)
One of the most awaited IPOs, Urban Company, will also open its books from September 10 to 12. With a price band of Rs 98 to Rs 103, the home services platform is set to make its stock market debut on September 17.
DevX (DEVX)
DevX, a provider of co-working and incubation services, will launch its IPO alongside Urban Company between September 10 and 12. Shares will be offered at Rs 56 to Rs 61, with the listing expected on September 17.
Airfloa Rail Technology (AIRFLOA SME)
Rounding off the week, Airfloa Rail Technology will open its IPO from September 11 to 15. The company has set a price band of Rs 133 to Rs 140 and will list on September 18, marking the final debut in this cluster of offerings.

Varun Yadav is a Sub Editor at News18 Business Digital. He writes articles on markets, personal finance, technology, and more. He completed his post-graduation diploma in English Journalism from the Indian Inst…Read More
Varun Yadav is a Sub Editor at News18 Business Digital. He writes articles on markets, personal finance, technology, and more. He completed his post-graduation diploma in English Journalism from the Indian Inst… Read More
September 07, 2025, 21:18 IST
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Business
What to know about the Hyundai-LG plant immigration raid in Georgia

This image from video provided by U.S. Immigration and Customs Enforcement via DVIDS shows manufacturing plant employees being escorted outside the Hyundai Motor Group’s electric vehicle plant, Thursday, Sept. 4, 2025, in Ellabell, Ga
Corey Bullard/U.S. Immigration and Customs Enforcement via AP
The South Korean government said it is working to return its nationals who were detained in an immigration raid on a Hyundai facility in Georgia last week.
Federal and immigration agents conducted a massive sweep on the plant in Ellabell, Georgia, arresting 475 people as part of an investigation into allegations of unlawful employment practices. A South Korean spokesperson told NBC News that more than 300 of the arrests were South Korean nationals.
U.S. authorities, who had a search warrant, said the arrested workers were working or living in the country illegally.
South Korean President Lee Jae Myung’s office said Sunday that detainees will be returned to South Korea on a chartered flight. Hyundai did not immediately respond to CNBC’s request for comment.
Thursday’s raid, the latest in President Donald Trump‘s crackdown on illegal immigration, marked the Department of Homeland Security’s largest single-site enforcement operation in its history, according to Steven Schrank, special agent in charge of Homeland Security Investigations in Georgia.
White House border czar Tom Homan told CNN’s “State of the Union” on Sunday that the Trump administration would continue focusing on workplaces for immigration raids.
“We’re going to do more worksite enforcement operations,” he said. “These companies that hire illegal aliens, they undercut their competition that’s paying U.S. citizen salaries.”
The Georgia plant is home to South Korean companies Hyundai and LG Energy Solution, which are building a battery manufacturing plant together. The $7.6 billion Hyundai plant employs more than 1,200 people. The company began building its manufacturing plant in 2022 and started making electric vehicles less than two years later, making the plant one of the largest economic developments in the state.
LG Energy Solution said on Saturday that 47 of its employees were detained, along with an additional 250 people from “equipment partner companies.”
Schrank said the arrested workers were employed by contractors and subcontractors.
In a Friday statement, U.S. Attorney Margaret Heap said more than 400 agents took part in the raid.
“The goal of this operation is to reduce illegal employment and prevent employers from gaining an unfair advantage by hiring unauthorized workers,” Heap said in the statement. “Another goal is to protect unauthorized workers from exploitation.”
In a statement to NBC News on Friday, Hyundai said it was monitoring the situation and that none of the detainees were direct employees of the auto company.
The South Korean government said on Friday that it conveyed its “concern and regret” to the U.S. Embassy and urged them to ensure the South Korean employees’ rights were not violated.
“In the course of U.S. law enforcement, the economic activities of our investment firms and the rights and interests of our nationals must not be unjustly infringed upon,” said Lee Jae-woong, a spokesperson for South Korea’s foreign ministry.
In a Truth Social post, Trump wrote that he is calling on all foreign companies investing in the U.S. to “please respect our Nation’s Immigration Laws.”
“Your Investments are welcome, and we encourage you to LEGALLY bring your very smart people, with great technical talent, to build World Class products, and we will make it quickly and legally possible for you to do so. What we ask in return is that you hire and train American Workers,” he wrote.
Speaking to reporters on Sunday, Trump also said the raid had no connection to the economic ties between the two countries, saying that the U.S. has “a great relationship” with South Korea.
Hyundai told NBC News Monday morning that business travel to the U.S. remains in place, with some trips subject to internal review.
Business
Jaguar Land Rover extends plant shutdown after cyber attack

Jaguar Land Rover’s (JLR) UK factories are now expected to remain closed until at least Wednesday after work was disrupted by a cyber attack just over a week ago.
The car plants at Halewood and Solihull and its Wolverhampton engine facility, along with production facilities in Slovakia, China and India, have been unable to operate since the company fell victim to the cyber attack.
Staff who work on the production lines have been told to remain at home.
JLR shut down its IT systems in response to the attack on 31 August, in order to protect them from damage. However, this caused major disruption.
JLR says it is working around the clock to restart its networks in a controlled and safe manner, and is liaising with third party cyber security specialists and law enforcement.
Last Thursday, JLR instructed staff to stay at home until at least Tuesday as it continued to grapple with the fallout from the cyber attack.
The carmaker, which is owned by India’s Tata Motors, has not commented on reports that disruption could continue for several weeks.
Under normal circumstances, the company builds about 1,000 cars a day. The production stoppage has had a significant impact on the company’s suppliers, with some understood to have told their own staff not to come into work.
As well as forcing the factories to stop building cars, it also left dealerships unable to register new cars and garages that maintain JLR vehicles unable to order the parts they needed – although it is understood workarounds have since been put in place.
The attack began at what is traditionally a popular time for consumers to take delivery of new vehicles. The latest batch of new registration plates became available on Monday, 1 September.
Last week, Shaun Adams, who manages car parts supplier Qualplast, told the BBC that a lengthy shutdown would be “concerning” for the business.
“If this starts progressing over weeks, then we would have to seriously look at what we need to future-proof.”
A group of young hackers who have been behind other attacks on UK businesses including M&S earlier this year have also claimed responsibility for the JLR attack.
Within days of the attack, the group of English-speaking hackers bragged about it on messaging app Telegram.
One security expert speculated that screenshots shared by the suggested the criminals gained access to information they should not have.
It is understood the group was trying to extort money from the firm. JLR told the BBC last week it was aware of the claims and was investigating.
Business
US markets today: Wall Street ticks higher near record levels; Robinhood and EchoStar surge on key announcements – The Times of India

US stocks edged higher on Monday as investors prepared for a week packed with critical economic data that could influence whether, and by how much, the Federal Reserve adjusts interest rates at its next policy meeting in a week.The S&P 500 rose 0.3%, hovering just below the record level it reached last week. The Dow Jones Industrial Average was up 11 points, or less than 0.1%, while the Nasdaq composite added 0.6% in early trading as of 9:35 a.m. Eastern time, AP reported.AppLovin and Robinhood Markets led gains after the companies were named to join the S&P 500 index later this month, along with Emcor Group. Many investment funds directly track the S&P 500 or compare their performance against it, so stocks joining the list of the 500 largest US companies often attract immediate investor attention. AppLovin climbed 10.8%, Robinhood jumped 11.9%, and Emcor added 0.4%.These three companies will replace MarketAxess Holdings, Caesars Entertainment, and Enphase Energy, which were demoted to the SmallCap 600 index after their market capitalisation fell. The affected stocks slipped between 0.1% and 2.3%.Shares of EchoStar surged 20.5% after it announced a $17 billion deal to sell spectrum licenses to Elon Musk’s SpaceX, comprising $8.5 billion in cash and $8.5 billion in stock. SpaceX will also make approximately $2 billion in interest payments on EchoStar debt through November 2027.Trading across the broader market remained relatively quiet as investors awaited upcoming economic releases that could shift expectations on monetary policy. Currently, traders are forecasting that the Fed will cut its main interest rate for the first time this year at its meeting two Wednesdays from now.Investors generally welcome such rate cuts, which can boost economic activity and lift asset prices, but they can also stoke inflation pressures. So far this year, the Fed has been more concerned about inflationary risks, particularly those linked to President Donald Trump’s tariffs, than about the job market. However, recent reports suggesting a slowdown in the US labour market may be influencing policymakers’ views.On Tuesday, the US government is expected to release preliminary revisions of job growth numbers for the period through March, potentially indicating weaker hiring than initially reported. Inflation reports are scheduled for Wednesday and Thursday, covering both wholesale and consumer price movements. A sharper-than-expected rise in prices could constrain the Fed’s ability to cut rates, forcing officials to weigh the relative urgency of supporting employment against controlling inflation, since tools available generally influence one area at the expense of the other in the short term.In the bond market, Treasury yields continued to ease amid high expectations of a rate cut. The 10-year Treasury yield fell to 4.05% from 4.10% late Friday and from 4.28% last Tuesday.Global markets also moved higher, with indexes across Europe and Asia posting gains. Japan’s Nikkei 225 climbed 1.5% following Prime Minister Shigeru Ishiba’s announcement that he intends to resign, prompting a leadership election in the ruling Liberal Democratic Party. Analysts noted that the resignation was widely anticipated and generally welcomed, although uncertainty remains until a successor is chosen and approved by parliament. Ishiba will remain in office until the transition is formalised.Also on Monday, Japan’s Cabinet Office revised its estimate for first-quarter fiscal growth, reporting an annualised 2.2% rise in GDP, up from the earlier 1.0% estimate. The upgrade was driven by stronger consumer spending and inventory accumulation, highlighting resilience in the Japanese economy despite ongoing global uncertainties.
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