Author: Staff Writer

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Corporate

Meesho IPO opens ₹105–111 on December 3

Bangalore-based e-commerce startup Meesho is all set to make its stock market debut from 3 December, with the subscription window open till 5 December 2025. The IPO price band is set at ₹105–111 per share, giving the company a valuation of around ₹50,000 crore at the top end. Through this IPO, Meesho aims to raise roughly ₹5,421 crore, with the bulk coming from new shares and the rest from existing investors selling some holdings.

What sets Meesho apart is its focus on smaller towns and cities, often overlooked by giants like Amazon and Flipkart. Around 206 million of its 234 million users come from outside the top eight Indian cities. Its seller base has also grown, now boasting over 700,000 active sellers, many of them women entrepreneurs running small businesses.

Meesho’s business model, a zero-commission platform offering affordable products,  appeals to value-conscious buyers. Shoppers in smaller towns can discover inexpensive, everyday goods without paying a premium, while sellers can reach millions of buyers without hefty fees.

Investor sentiment is strong. In the grey market, Meesho’s shares show a premium of ₹42, indicating that the stock could list significantly higher than the IPO price. This enthusiasm reflects both the company’s growth story and the rising appetite for e-commerce in non-metro India.

The funds raised through the IPO will mainly be used to upgrade technology, expand infrastructure, and fuel marketing initiatives — helping Meesho continue its rapid growth and strengthen its presence across smaller towns.

With its focus on value, accessibility, and small-town India, Meesho is poised to redefine e-commerce in the country, offering a fresh alternative to traditional online marketplaces.

Also Read: Wakefit IPO opens December 8, targets ₹1,400 crore

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Beyond

Gold gains ₹879, Silver soars to ₹1.78 lakh per kilogram

Domestic bullion prices surged sharply on Monday, with silver touching a fresh all-time high and gold extending gains in early trading.

Silver futures for March delivery jumped ₹3,639 to reach a record ₹1,78,620 per kilogram on the MCX. The rally followed strong global cues, where international silver prices climbed to around $57.59 per ounce, supported by a weaker U.S. dollar.

Gold futures also moved higher. The February contract rose ₹879 or 0.68%, trading at ₹1,30,383 per 10 grams. Though global gold prices showed a mild dip in early Asian trade, overall sentiment remained positive amid expectations of a US Federal Reserve rate cut.

Analysts said the sharp rise in bullion was driven by three key factors, a softening dollar, anticipation of monetary easing by the Fed, and the decline of the Indian rupee, which makes imported precious metals more expensive.

Market experts expect silver to remain highly volatile in the near term, while gold may continue to find support from global economic uncertainty and currency fluctuations.

Also Read: Sensex jumps 300 pts, Nifty crosses 26,300

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Corporate

Sensex jumps 300 pts, Nifty crosses 26,300

Indian stock markets hit fresh lifetime highs as the Sensex rose nearly 300 points and the Nifty moved above the 26,300 mark. The rally was driven by stronger-than-expected GDP growth, improving investor sentiment, and hopes of an interest-rate cut in upcoming policy reviews.

Buying was seen across major sectors, with banking, auto and metal stocks supporting the uptrend. Among the top gainers were Adani Enterprises, M&M, Adani Ports, Sun Pharma and Hindustan Unilever, all contributing to the record run.

However, not all heavyweights joined the rally. SBI Life, Shriram Finance, HDFC Life, Power Grid and Bharti Airtel were among the notable losers, slipping due to profit-booking and sector-specific pressure.

Overall market sentiment remained upbeat as traders bet on continued economic momentum and favourable global cues, though analysts advised caution at elevated levels.

Also Read: RBI tightens rules for safer digital banking

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Corporate

Adani drops long legal fight against Australian activist

Adani Group has ended its years-long legal battle against Australian activist Ben Pennings, who campaigned against the company’s Carmichael coal mine. The lawsuit, which at one point claimed damages of up to US$ 600 million, has now been formally dropped.

Under the court’s order, Pennings is barred from seeking or using Adani’s confidential business information or encouraging others to do so. However, he is still free to continue lawful protests and environmental activism.

Adani said the legal action was meant to protect its employees and contractors from harassment, not to seek financial gain. Pennings called the outcome a “massive victory,” describing the lawsuit as a tactic to intimidate critics.

The case highlights tensions between large corporations and environmental activists, raising questions about how legal actions are used to manage public dissent. The resolution may encourage other activists while reminding companies to carefully balance legal and public engagement.

Also Read: Zoho co-founder receives AI apology over secret leak

Categories
Leaders

SC affirms NCLAT stance on Byju’s plea

The Supreme Court has dismissed Byju Raveendran’s challenge to an order by the National Company Law Appellate Tribunal (NCLAT), clearing the way for the insolvency process against Think & Learn Pvt. Ltd., the parent company of Byju’s, to continue.

The dispute began after the Board of Control for Cricket in India (BCCI) filed an insolvency petition last year over unpaid dues of about ₹158.9 crore linked to a sponsorship agreement. Although Byju’s later cleared the dues and reached a settlement with BCCI, the timing of the withdrawal request became the central legal issue.

NCLAT ruled that the settlement could not automatically stop the insolvency case because the Committee of Creditors (CoC) had already been formed. Under the Insolvency and Bankruptcy Code (IBC), once a CoC is constituted, any request to withdraw a case must be approved by 90% of the creditors.

Byju Raveendran argued that the withdrawal was submitted before the CoC came into existence, but both NCLAT and the Supreme Court found that the formal application was filed only after the CoC had been constituted. The Supreme Court said bypassing creditor approval would undermine the integrity of the insolvency process.

With this ruling, the insolvency proceedings will continue, giving lenders and other creditors greater control over the company’s future. The decision is a setback for Byju’s, which has been trying to stabilise operations amid financial stress, investor disputes and operational restructuring.

Also Read: Andhra Pradesh clears LPS‑II, ₹7,500 cr for Amaravati

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Beyond

India inks ₹8,000 cr US deal for MH-60R helicopters

India has signed a major agreement with the United States to keep its fleet of MH-60R Seahawk naval helicopters in top shape. The deal, worth nearly ₹8,000 crore, will provide maintenance support, spare parts, training, and establish repair facilities in India over the next five years.

The arrangement comes under the US Foreign Military Sales programme and covers all technical and logistical support needed to keep the helicopters operational. By setting up domestic maintenance infrastructure, India will reduce reliance on overseas support and create opportunities for local businesses, including small and medium enterprises.

The MH-60R Seahawk is a highly capable, all-weather naval helicopter, designed for anti-submarine warfare and other critical missions. Defence experts say this pact will significantly enhance the readiness and efficiency of India’s naval aviation fleet.

This step reflects India’s focus on building self-reliance in defence while ensuring its military assets remain mission-ready, strengthening the Navy’s ability to respond swiftly in times of need.

Also Read: Andhra Pradesh clears LPS‑II, ₹7,500 cr for Amaravati

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Corporate

Andhra Pradesh clears LPS‑II, ₹7,500 cr for Amaravati

The Andhra Pradesh government has given the green light to the second phase of land pooling (LPS‑II) for Amaravati, the state’s capital region. This phase will cover around 16,666 acres spread across seven villages, including Vaikunthapuram, Pedamadduru, Yendrai, Karlapudi, Vadlamanu, Harichandrapuram, and Pedaparimi. The approval is seen as a major step in reviving the long-delayed plans for building Amaravati.

Alongside LPS‑II, the state has secured a ₹7,500 crore loan from the National Bank for Financing Infrastructure and Development (NaBFID). This funding is earmarked for developing essential infrastructure across the capital region. Key projects include construction of roads, drainage systems, water supply networks, sewerage lines, electricity connections, and other civic facilities.

Officials said that with the loan in place, work on infrastructure is expected to start soon. Farmers who had pooled their land will now receive proper layouts and promised amenities, addressing concerns about delays in the capital’s development. The move is also expected to boost investor confidence and accelerate the city’s overall growth.

The Cabinet decision reflects the government’s commitment to transforming Amaravati into a modern, well-planned capital. By combining land pooling with a major financial boost, the administration aims to ensure that the city’s development proceeds systematically, with both farmers’ interests and urban planning goals in focus.

With LPS‑II and the NaBFID loan, Andhra Pradesh is now poised to move ahead on one of its most ambitious infrastructure projects, promising better facilities, faster development, and a clearer roadmap for Amaravati’s future.

Also Read: RBI tightens rules for safer digital banking

Categories
Beyond

RBI tightens rules for safer digital banking

The RBI has rolled out its final set of rules to make digital banking simpler, safer and more transparent for customers. One of the biggest changes is that banks can no longer sign up people for digital banking without asking them first.

This means no more automatic enrolment, no hidden clicks, and no pressure to join an app or platform just to get another service. From now on, banks must take clear, informed consent before onboarding a customer to any digital channel.

The RBI says this step will help customers feel more in control of their banking choices and reduce complaints about forced digital enrolment. The guidelines also aim to make digital banking more secure by ensuring customers know exactly what they’re opting into.

Overall, the new rules put the customer at the centre,  giving them the right to choose how they want to bank, without fear of being pushed into digital services they don’t want.

Also Read: Trump orders green card check for 19 countries

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Corporate

Sensex down 14 points, Nifty slips 13 after choppy trade

The stock market had a mixed and shaky day on November 28, 2025. Both Sensex and Nifty moved up and down throughout the session but finally closed almost unchanged. The Sensex slipped just 13 points, and the Nifty fell 12 points.

Some stocks did wel such as Mahindra & Mahindra that rose around 2%, and Adani Enterprises also gained. But Shriram Finance, HDFC Life, SBI Life and Power Grid saw losses of around 1–2%.

Among sectors, pharma, media and auto stocks gained slightly, while power, oil & gas and telecom shares slipped. Traders remained cautious and avoided making big moves as they waited for fresh economic data. Markets may stay in this sideways mood for a while, analysts said.

Also Read: Sensex gains 100 Points, Nifty tops 26,200

Categories
Technology

Sennheiser launches premium HDB 630 in India

Sennheiser has introduced its new premium wireless headphones, the HDB 630, in the Indian market. Aimed at music lovers who want top-quality sound without wires, the HDB 630 combines audiophile-grade clarity with modern convenience.

The headphones support high-resolution audio up to 24-bit/96 kHz, whether connected through Bluetooth or USB-C. Sennheiser has included a special USB-C transmitter to ensure consistent high-quality wireless playback, even on devices that don’t support advanced codecs.

The HDB 630 features Sennheiser’s latest acoustic design, offering a clean, natural sound signature with detailed highs, smooth mids and controlled bass. Listeners can further personalise their audio using the Smart Control app, which adds a parametric equaliser and Crossfeed mode to create a more natural, speaker-like experience.

Comfort and endurance are major highlights. The over-ear design uses soft cushions and lightweight materials to reduce fatigue during long listening sessions. The headphones also deliver an impressive 60 hours of battery life, with a 10-minute quick charge providing up to 7 hours of playback.

Priced at ₹44,990, the Sennheiser HDB 630 will be available across major retail and online platforms. Early buyers may also receive a complimentary pair of Accentum Open earbuds worth ₹12,990.

With this launch, Sennheiser aims to offer a high-fidelity listening experience in a fully wireless form, combining premium sound, comfort and long battery life for everyday use.

Also Read: Meesho IPO to open on Dec 3, plans to raise ₹5,421 cr