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PhysicsWallah IPO: Issue off to slow start on Day 2; retail investors show early interest – The Times of India

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PhysicsWallah IPO: Issue off to slow start on Day 2; retail investors show early interest – The Times of India


The initial public offering (IPO) of edtech unicorn PhysicsWallah drew a muted response on the second day of bidding, with only 10% subscription recorded so far. The Rs 3,480-crore IPO, which opened earlier this week, will close for bidding on November 13.According to data available on the National Stock Exchange (NSE) till 11:30 am on Wednesday, investors placed bids for 1,83,06,625 shares against the total issue size of 18,62,04,143 shares. The retail individual investors (RII) portion was subscribed 46%, while non-institutional investors (NII) subscribed 4%. The qualified institutional buyers (QIB) segment, however, saw no participation for the second consecutive day, as per news agency PTI.Before the issue opened to the public, PhysicsWallah raised Rs 1,563 crore from anchor investors on Monday, the company said. This IPO marks a significant milestone as the first major pure-play edtech company to seek a stock market listing in India.The company has set a price band of Rs 103-109 per share, valuing it at over Rs 31,500 crore at the upper end. The issue consists of a fresh share sale worth Rs 3,100 crore and an Offer for Sale (OFS) of up to Rs 380 crore by the promoters.Both Alakh Pandey and Prateek Boob, the company’s co-founders, will each sell shares worth Rs 190 crore through the OFS. They currently hold 40.31% stake each in the Noida-based edtech firm.PhysicsWallah had filed its draft documents with Sebi in March under the confidential pre-filing route and obtained the regulator’s nod in July. The company later submitted its updated Draft Red Herring Prospectus (DRHP) in September, followed by the RHP. The confidential filing method allowed the startup to keep key IPO details undisclosed until advanced stages of the process.The company said that funds raised through the IPO will be used to support expansion and growth initiatives. PhysicsWallah provides test preparation courses for competitive exams like JEE, NEET, GATE, and UPSC, along with various upskilling programmes. Its content is offered through YouTube, its website, mobile apps and a mix of offline and hybrid learning centres.The edtech firm, backed by WestBridge Capital, Hornbill, and GSV Ventures, reduced its losses to Rs 243 crore in the financial year ended March 2025, down from Rs 1,131 crore a year earlier. Its revenue increased to Rs 2,887 crore from Rs 1,941 crore during the same period, according to PTI.PhysicsWallah’s shares are scheduled to debut on the stock exchanges on November 18.





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Make-In-India Impact: Electronics Manufacturing Boom Creates 25 Lakh Jobs, Says Vaishnaw

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Make-In-India Impact: Electronics Manufacturing Boom Creates 25 Lakh Jobs, Says Vaishnaw


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Ashwini Vaishnaw highlights India’s electronics manufacturing boom with Make in India, ECMS, record Rs 1.15 lakh crore investments, 1.42 lakh jobs, etc.

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India’s push to become a global manufacturing hub in electronics and increase export share with Make in India schemes and production-linked incentives in the past few years has borne fruit now. Union Minister Ashwini Vaishnaw shared a thread on X highlighted the rising growth of India in electronics manufacturing, along with the creation of jobs and attracting record investments.

Highlighting the impact of government-led manufacturing policies, Vaishnaw said the Electronics Component Manufacturing Scheme (ECMS) is playing a key role in shifting India’s focus from assembling finished products to building a strong component ecosystem. Under the scheme, 249 applications have been received, committing investments worth Rs 1.15 lakh crore. These projects are expected to generate Rs 10.34 lakh crore worth of production and create 1.42 lakh jobs, marking the highest-ever investment commitment in India’s electronics sector.

Self-Reliant In Semiconductor Manufacturing

Alongside component manufacturing, India is also making progress in the semiconductor space. The minister said 10 semiconductor units have been approved so far, with three already in pilot or early production stages. Once fully operational, fabrication units and ATMP (Assembly, Testing, Marking and Packaging) facilities based in India are expected to supply chips directly to domestic mobile phone and electronics manufacturers, reducing import dependence.

Vaishnaw further noted that electronics manufacturing has already created 25 lakh jobs over the last decade, calling it “real economic growth at the grassroots level.” He added that as semiconductor manufacturing and component ecosystems scale up, the pace of job creation is likely to accelerate further.

“This is the ‘Make in India’ impact story,” Vaishnaw said, underlining how manufacturing-led growth is strengthening India’s position in the global electronics value chain.

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Households suffer miserable year of across-the-board bill increases

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Households suffer miserable year of across-the-board bill increases



This year has been a miserable one for households after across-the-board price hikes on everything from energy to council tax left many struggling to balance their budgets.

The so-called “Awful April” price hikes combined with high energy costs saw the average household facing an annual increase of £1,254 from essential bill rises, according to figures from comparison site Uswitch.

Most areas in England saw council tax bills rise by 5% – the maximum amount permitted – with some including Birmingham, Bradford, Newham, Somerset, Trafford, and Windsor & Maidenhead granted special permission to go even higher.

Water bills increased by an average £123 per year – the largest rise since the industry was privatised in 1989.

Broadband and phone bills also rose while the cost of a TV licence and the standard rate of car tax both increased by £5 – with electric vehicles no longer exempt.

Meanwhile, Ofgem’s energy price cap – which sets bills for households still on standard variable tariffs rather than fixed deals sought out independently – started the year at £1,738 for the average household and will end it at £1,755 before it rises to £1,758 on January 1.

Uswitch spokeswoman Sabrina Hoque said: “Pressure points have been widespread. Energy debt hit an eight-year high in October, with households now owing £780 million to their suppliers. The strain is so severe that more than two million homes say they won’t turn on their heating this winter – a fifth higher than last year.

“Similarly, mobile and broadband bills have been a key area of concern, with average annual jumps of £21.99 for broadband and £15.90 for mobile. In the last few months, we have seen nearly every major provider announce updated price rise rates for new customers, with monthly increases going up to as much as £4.

“For many broadband and mobile customers, bills are set to rise again in April 2026. If you are out of contract or your deal is set to expire ahead of April, it is time to take action. Out-of-contract rates tend to be more expensive, and you could save an average of £203 a year by switching to a new broadband deal.”

Citizens Advice chief executive Dame Clare Moriarty said: “The cost-of-living crisis is not over. Stubbornly high bills and increasing living costs mean four million people are in a negative budget, meaning they can’t afford essentials like energy bills, rent, or food.

“Our advisers see the impact of these punishingly high costs every day. People come to us feeling like they’re constantly fighting to stay afloat but, despite their best efforts, are sinking further into the red.

“Everyone should be able to afford the essentials and that’s why better targeted support is crucial. We want the Government to increase Local Housing Allowance to help those struggling with their rent and improve bill support to ensure sky-high utility costs, like energy and water, don’t continue to stretch household budgets beyond breaking point.”



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Air India Express fleet expansion: First line-fit Boeing 737-8 MAX arrives in Capital Monday; marks Tata-era milestone – The Times of India

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Air India Express fleet expansion: First line-fit Boeing 737-8 MAX arrives in Capital Monday; marks Tata-era milestone – The Times of India


Air India Express will get its first line fit Boeing 737-8 MAX aircraft on Monday, December 29 in New Delhi. It’s the first brand-new plane made specifically for Air India since Tata Group took over from the government in 2022. The aircraft, registered as VT-RNT, pays tribute to Ratan Naval Tata with a special livery design, according to Flight Radar, quoted by PTI.The plane is part of Air India’s massive fleet expansion. The group ordered 470 planes in February 2023, added another 100 orders in December 2024. Until now, Air India Group has only been using white tail aircraft – planes originally made for other airlines but redirected to them due to global supply chain issues.Air India Express marked notable growth this year. The airline’s Managing Director, Aloke Singh, recently told staff that they’ve crossed the 100-aircraft milestone. In 2025, they added 25 new planes – including 14 Boeing MAXs, 4 A321 neos, 4 A320 neos, and 3 A320 ceos. They also received their first retrofitted Boeing B737 MAX and welcomed their first Airbus A321 neo, which was part of 16 A320 family aircraft transferred from Air India.



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