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IPO Mania: Credila’s ₹5,000 Crore Leap Shakes Up Education Finance!

Credila Financial Services, a leading education loan provider, has filed its updated draft red herring prospectus (DRHP) with SEBI for a blockbuster ₹5,000 crore initial public offering (IPO). The IPO will consist of a fresh issue of shares worth ₹3,000 crore and an offer for sale (OFS) of ₹2,000 crore by existing shareholders. In the OFS, promoter entity Kopvoorn BV (an affiliate of EQT Private Capital Asia) will offload shares worth ₹950 crore, while HDFC Bank will sell shares valued at ₹1,050 crore. The company is also eyeing a pre-IPO placement of up to ₹600 crore; if successful, this will reduce the fresh issue component accordingly. Founded in 2006, Credila has emerged as India’s largest education-focused NBFC, with a loan book of ₹41,469 crore and a net profit of ₹990 crore for FY25. The IPO aims to strengthen Credila’s capital base and fuel its ambitious expansion plans in the booming education finance sector. This high-profile public issue comes after regulatory changes and a ...
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Pine Labs IPO: Fintech Giant Sets Dalal Street Ablaze with Rs 2,600 Crore DRHP Filing

Pine Labs, the Noida-based fintech powerhouse, has officially filed its Draft Red Herring Prospectus (DRHP) with SEBI, setting the stage for a blockbuster Rs 2,600 crore initial public offering (IPO). The IPO will feature a fresh issue of shares worth Rs 2,600 crore, alongside an offer for sale (OFS) of up to 147.8 million shares by early backers and key investors. Heavyweight investors including Peak XV Partners (formerly Sequoia India), Temasek, PayPal, Mastercard, Invesco, Actis, Madison India, and co-founder Lokvir Kapoor are all set to partially cash out in this highly anticipated market debut. Peak XV emerges as the lead seller, offloading nearly 39 million shares, while PayPal, Mastercard, and Temasek are also trimming their stakes. Co-founder Lokvir Kapoor will be reducing his holding as well. The IPO will be managed by a star-studded lineup of bankers: Axis Capital, Morgan Stanley, Citi, JP Morgan, and Jefferies. Pine Labs plans to list its shares on both the National Stock Ex...
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Constipation Conquered: Lupin Bags USFDA Nod for $184 Million Prucalopride Tablets

Lupin Limited, a leading Mumbai-based pharma giant, has secured final approval from the US Food and Drug Administration (USFDA) for its Prucalopride Tablets, 1 mg and 2 mg, designed to treat chronic idiopathic constipation (CIC) in adults. These tablets are bioequivalent to Motegrity® by Takeda Pharmaceuticals, targeting a US market with estimated annual sales of $184 million. The approved Prucalopride Tablets will be manufactured at Lupin’s world-class facility in Goa, India, further cementing the company’s manufacturing prowess. This milestone is set to boost Lupin’s already robust US product portfolio, strengthening its position in the fiercely competitive American pharmaceutical market. The approval comes on the heels of Lupin’s strong Q4 performance, with revenue rising 12.2% year-on-year to ₹5,567.1 crore and EBITDA climbing 22.5% to ₹996.85 crore. Lupin’s US business continues to be a key growth driver, and the latest FDA green light is expected to provide a significant revenue ...
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DLF Privana North: Gurugram’s Luxury Towers Sell Out in a Flash!

DLF’s latest luxury residential project,  Privana North  in Gurugram, has achieved a record-breaking feat by selling units worth a staggering Rs 11,000 crore within just one week of launch. The project is part of the expansive 116-acre DLF Privana township, strategically located in Sectors 76 and 77, offering seamless connectivity to major expressways and the airport. Privana North stands out with six iconic towers, each soaring to 50 storeys, making them the tallest residential structures ever developed by DLF. The development features 1,152 spacious 4 BHK residences and 12 ultra-premium penthouses, all designed with expansive living spaces, panoramic views, and unmatched privacy in the sky. Buyers from across India and the globe rushed to book homes, reflecting a surging demand for luxury living and DLF’s trusted brand legacy. Residents will enjoy exclusive amenities, a low-density environment, lush green landscapes, and proximity to over 1,000 acres of reserved forest and t...
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Falcon 2000 Takes Off From India: Reliance-Dassault Jet Pact Sets New Altitude!

Reliance Aerostructure, a subsidiary of Reliance Infrastructure, has joined hands with French aerospace giant Dassault Aviation to manufacture Falcon 2000 business jets in India—a first outside France. The landmark agreement was unveiled at the Paris Air Show, signaling a major leap for India’s aerospace ambitions and the government’s ‘Make in India’ initiative. The state-of-the-art final assembly line will be set up in Nagpur, Maharashtra, at the Dassault Reliance Aerospace Ltd (DRAL) facility. DRAL will become the first Centre of Excellence for the Falcon series outside France, handling not just the Falcon 2000 but also the assembly of Falcon 6X and 8X jets. India now joins an elite club of nations—alongside the US, France, Canada, and Brazil—that manufacture next-generation business jets. The first ‘Made-in-India’ Falcon 2000 is expected to take flight by 2028, marking a new era for Indian aviation and global exports. The partnership includes the transfer of advanced assembly operat...
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Ambani’s New Genie: Jio BlackRock Unleashes ‘Aladdin’ to Revolutionize Indian Investments!

Jio BlackRock Mutual Fund, a 50:50 joint venture between Jio Financial Services Ltd and global giant BlackRock, has launched the investment analytics and risk management platform ‘Aladdin’ in India for the first time. Aladdin, short for Asset, Liability, and Debt and Derivative Investment Network, is BlackRock’s flagship technology, trusted globally to manage over $21 trillion in assets. This platform acts as a “central nervous system” for investment firms, offering advanced data analytics, real-time portfolio monitoring, and risk analysis—all in one seamless dashboard. The launch marks a major shift, making institutional-grade investment tools accessible to Indian retail investors, not just elite global institutions. Jio BlackRock’s digital-first approach, combined with BlackRock’s global expertise, aims to simplify, democratize, and modernize the Indian investment experience. The Securities and Exchange Board of India (SEBI) granted Jio BlackRock Mutual Fund its registration on May 2...
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Job Jitters: Unemployment Spikes, Fewer Indians in Workforce

India’s unemployment rate jumped to 5.6% in May, up from 5.1% in April, signaling mounting pressure on the job market. The Labour Force Participation Rate (LFPR) dropped to 54.8% in May from 55.6% in April, showing fewer people are either working or actively seeking work. Both rural and urban areas saw joblessness rise, with youth and women particularly affected. Rural youth unemployment climbed to 13.7% in May from 12.3% in April, while urban youth joblessness rose to 17.9% from 17.2%. Female unemployment edged higher at 5.8% in May, slightly above the male rate of 5.6%. The dip in farm jobs after the harvest season contributed to the rise in unemployment, especially in rural regions. Manufacturing and services sectors also slowed hiring, with urban job creation lagging amid weaker demand and global uncertainties. The data reflects a challenging period for India’s labor market, with both fewer jobs and a shrinking workforce participation rate.
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