Business
Tata Capital, LG Electronics Among 7 Issues To Raise Over Rs 30,000 Crore On Dalal Street
New Delhi: This week is going to be huge for the Indian stock market as seven companies are coming out with their initial public offerings (IPOs). Together, they are expected to raise around Rs 30,000 crore, which could make it one of the biggest fundraising weeks ever on Dalal Street. The list includes major names like Tata Capital and LG Electronics, along with a mix of public sector firms and smaller companies.
The Tata Capital IPO will open on October 6, with a price range between Rs 310 and Rs 326 per share. The company plans to raise Rs 15,512 crore, which includes both new shares and an offer for sale from existing investors. It is expected to attract strong demand from both institutional and retail investors, given the Tata brand’s strong market reputation.
Right after Tata Capital, LG Electronics India will launch its IPO between October 7 and 9. The issue will be priced between Rs 1,080 and Rs 1,140 per share. This IPO is purely an offer for sale, meaning the parent company is selling part of its stake in the Indian unit rather than issuing fresh shares. Market analysts expect good investor interest since LG is a household name and a leading player in the consumer electronics space.
Apart from these big offerings, a few other IPOs are also lined up. Rubicon Research will open its issue on October 9, planning to raise around Rs 1,377 crore. Public sector companies such as Canara Bank, Canara Robeco AMC, and Canara HSBC Life Insurance are also expected to hit the market this week. Additionally, a smaller company called Mittal Sections from the SME segment aims to raise about Rs 52.9 crore.
This lineup makes the coming week one of the most active in India’s IPO history. Although some weeks have seen a higher number of IPOs, very few have raised this much money. The only comparable event was the massive Hyundai Motor India IPO earlier this year, which alone raised nearly Rs 27,800 crore.
Most of these IPOs will open for subscription between October 6 and 10, and listings are expected soon after. A total of about 28 companies, including several small and mid-sized firms, are set to debut on the exchanges next week. This includes names like WeWork India, Advance Agrolife, and Pace Digitek.
Overall, the upcoming week will be a busy one for investors, with big-ticket IPOs and strong activity in both the mainboard and SME markets. It could also test market liquidity and investor appetite as companies rush to take advantage of positive sentiment before Diwali.
BENGALURU: Masayoshi Son-led SoftBank Group pared its holding in Ola Electric Mobility to 13.5% from 15.6%, in what appears like a staggered exit from the electric 2-wheeler maker that was once among its marquee India bets. SVF II Ostrich (DE), a SoftBank affiliate and Ola Electric’s second-largest shareholder after founder Bhavish Aggarwal, sold 9.4 crore shares through open market transactions between Sept 3, 2025, and Jan 5, 2026, according to a regulatory filing.
Kevin PeacheyCost of living correspondent
Getty ImagesDebt charities say they are receiving an influx of calls as people worry their financial situation has slipped towards becoming unmanageable.
The first weeks of January are usually the busiest time of year for helplines following a particularly expensive period.
Advice charity StepChange said Monday was busier than any single day last year, and credit counselling service Money Wellness said a fifth of those accessing its services at the turn of the year did so between 22:00 and 03:00.
Dave Murphy is working his way out of debt and said demands from creditors could have become overwhelming, but he urged anyone struggling to ensure they asked for help – for their financial and mental wellbeing.
Money Wellness, which runs free debt and money advice services, said thousands of people had accessed its services on Christmas Eve and Christmas Day. Expanded assistance online allows people to increasingly find information outside of normal hours – including overnight.
Sebrina McCullough, its head of advice, said: “The numbers we’re seeing over Christmas and New Year are unprecedented.
“People often feel pressure to celebrate the holidays, even when money is tight, and our data shows many are turning to us late at night when they feel most anxious.”
Pressure of priority bills
StepChange’s website had 3,958 visitors on Christmas Day, and 15,401 on New Year’s Eve and 1 January combined.
Many may have simply been exploring their options, but calls came in thick and fast at the start of the month. While not at the level of the energy crisis of a few years ago, call numbers were notably up on last year.
The Money Advice Trust, which runs National Debtline, said the first working days of January had seen more calls than last year.
Monday was the busiest single day in its history, when 1,365 calls came in.
Concerns are particularly acute for those struggling to pay priority bills such as council tax and rent.
The colder weather could also place extra strain on vulnerable households, with £4.4bn already owed to energy suppliers following a period of high prices, although the government’s cold weather payments have been triggered in many areas.
Charities are urging anyone whose debt has become unmanageable to seek help as soon as possible, rather than making matters worse by ignoring the situation.
That is a view shared by Dave, who has managed to work his way out of difficulty.
A few years ago, he found his previously manageable credit card debt becoming a problem when he was unexpectedly made redundant at the same time as going through a divorce.
“They were two quite dramatic things in six months,” said Dave, who has previously spoken to the BBC about his debt issues.
“The debt was around £20,000 to £25,000 at its height. It became so overwhelming. You feel that you are letting creditors down because you want to do what they ask of you – but you are scared, you are renting, and at times you struggle to get through each day.
“Once you are in a spiral, it is really hard to get out of it.”
He is now working in insurance, his debts are manageable and being paid off, and he said he wanted to help others “to show that you can get through these things”.
Figures published earlier in the week by the Bank of England fuelled concerns that everyday costs were becoming harder for some households to manage without turning to borrowing.
The data showed that credit card borrowing grew at the fastest annual rate in nearly two years in the run-up to Christmas.
The annual growth rate for credit card borrowing increased to 12.1% in November, from 10.9% the previous month – the highest figure since January 2024 when it was 12.5%.
Nutrition labels on the front of food packaging should be made mandatory in the UK, according to a consumer champion.
Which? called on the Government to make the change amid what it described as an “obesity crisis”.
A “better approach” is needed to help people make healthier choices, it said.
It comes after research by the group found shoppers prefer traffic light labelling, although they said it could be improved with more prominent placing and increased size.
Traffic light labelling on food packaging was introduced in 2013 and uses green (low), amber (medium), and red (high) colours to show fat, saturated fat, sugar, and salt content, plus calories.
The system is not mandatory in the UK, although it is voluntarily used by major manufacturers and retailers.
However, according to Which? the system is used inconsistently.
It claims some shops do not include traffic light labelling, or provide it without colour coding.
Research by Which? captured insights through the mobile phones of more than 500 shoppers to find out how the traffic light system is working for customers.
A third (33%) said that the nutrition label was the first thing they looked at on the front of a pack.
People most used the traffic light system when choosing snacks (56%), dairy products (33%) and breakfast cereals (27%).
Almost half (47%) said they found this labelling easy to understand.
In focus groups, the traffic light system was the preferred food labelling option, although suggestions to improve it included making it more prominent and larger.
Which? said that people also called for making the scheme easier to understand, such as making the recommended serving size on some products more realistic and consistent.
The consumer champion is now calling on the Government to introduce a mandatory front-of-pack nutrition labelling scheme.
It said this could build on the existing traffic light system to make it work better for shoppers by bolstering consistency, making it more prominent and removing aspects people may find confusing.
Sue Davies, head of food policy at Which?, said: “The UK is in the midst of an obesity crisis and it’s clear that a better approach to front-of-pack labelling is needed to help shoppers make healthier choices.
“Which? is calling on the Government to ensure that all manufacturers and retailers use front of pack nutrition labelling, ideally by making this mandatory.
“Our research shows that people still prefer traffic light nutrition labelling, but that the current scheme needs updating so that it is clearer and simpler and works better for consumers.
“The new system should be backed up with effective enforcement and oversight by the Food Standards Agency and Food Standards Scotland, so shoppers have full trust in the labels on their food.”
In 2022, some 64% of adults in England were estimated to be overweight or living with obesity.
In November it also emerged that one in 10 children in the first year of primary school in England is obese, the highest figure on record outside the pandemic.
It is estimated that obesity costs the NHS more than £11 billion every year.
A Department of Health and Social Care spokesperson said: “This Government is bringing in a modernised food nutrient scoring system to reduce obesity.
“It’s just one element of the strong action we are taking to tackle the obesity crisis as part of our 10 Year Health Plan, which will shift the focus from sickness to prevention.
“We are also restricting advertising of junk food on TV and online, limiting volume price promotions on less healthy foods and introducing mandatory reporting on sales of healthy food.”
Andrea Martinez-Inchausti, assistant director of food at the British Retail Consortium, said: “Retailers have led the way in nutrition labelling, consistently providing advice on healthy living.
“Whether that be through the traffic light system, or other measures, the industry is fully committed to helping improve the health of their customers and are constantly looking for what will work best for them.”
PPI for RMG manufacturing in Philippines up 0.7% YoY in Nov 2025
Drewry WCI jumps 16% on Transpacific & Asia-Europe rate hikes
Security forces kill 11 India-backed terrorists in two KP IBOs: ISPR
-
Entertainment2 days agoDoes new US food pyramid put too much steak on your plate?
-
Politics2 days agoUK says provided assistance in US-led tanker seizure
-
Sports5 days agoVAR review: Why was Wirtz onside in Premier League, offside in Europe?
-
Politics5 days agoChina’s birth-rate push sputters as couples stay child-free
-
Sports5 days agoFACI invites applications for 2026 chess development project | The Express Tribune
-
Sports5 days agoSteelers escape Ravens’ late push, win AFC North title
-
Business5 days agoAldi’s Christmas sales rise to £1.65bn
-
Entertainment2 days agoWhy did Nick Reiner’s lawyer Alan Jackson withdraw from case?