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NephroPlus files IPO, plans Dec. 10 launch

Nephrocare Health Services, operating as NephroPlus, has filed its Red Herring Prospectus to launch an initial public offering (IPO) on December 10.

The IPO will comprise a fresh issue of shares worth ₹353.4 crore along with an offer-for-sale of up to 1.12 crore shares by existing investors.

The company plans to use around ₹129.1 crore to set up new dialysis centres, ₹136 crore to repay debt, and the remainder for general corporate purposes.

With 519 clinics across India, NephroPlus is Asia’s largest dialysis service provider, aiming to strengthen its presence nationwide.

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H-1B applicants face expanded US social media scrutiny

The United States has announced stricter vetting for all H-1B and H-4 visa applicants from December 15.

Under the new rules, applicants must keep their social-media profiles public. Consular officers will review online activity, work history, and any involvement in content moderation, misinformation tracking, or roles that may be seen as restricting protected speech.

Anyone found to have “censored or attempted to censor” expression in the US could be denied a visa. The changes are expected to affect many Indian tech workers, especially those in digital safety or moderation roles, and may lead to delays or higher rejections.

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Corona Remedies IPO opens Dec 8 at ₹1,008–1,062

Corona Remedies will open its ₹655.37-crore initial public offering on 8 December, closing on 10 December.

The IPO is entirely an Offer for Sale, with promoters and existing investors selling 61.7 lakh shares. The price band has been set at ₹1,008–₹1,062 per share.

Retail investors can bid for a minimum lot of 14 shares, costing around ₹14,868 at the upper band.

Quotas are split as 50% for institutional buyers, 35% for retail, and 15% for NIIs. As no fresh shares are being issued, the company will not receive new capital from the offer.

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PMO’s new address named “Seva Teerth”

The new Prime Minister’s Office (PMO) complex in New Delhi has been officially named Seva Teerth, meaning “service pilgrimage,” under the Central Vista Redevelopment Project.

The complex will house the PMO, Cabinet Secretariat, National Security Council, and “India House” for high-level meetings.

Officials say the name highlights service over authority, signalling that governance is about citizens’ welfare.

This follows renaming trends like the PM’s residence to Lok Kalyan Marg and the Secretariat to Kartavya Bhavan, reflecting India’s ethos of duty, responsibility, and public service.

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Ravelcare IPO subscribed six times on strong debut

Ravelcare’s IPO opened on December 1 with a plan to raise ₹24.10 crore through a fresh issue.

The price band is fixed at ₹123–₹130 per share, and the minimum retail application requires two lots, totalling 2,000 shares.

On Day 1, the IPO saw strong interest, getting subscribed around six to seven times, driven mainly by retail and SME investors.

The grey-market premium hovered near ₹52, indicating expectations of healthy listing gains.

The public issue closes on December 3, with allotment likely on December 4. Shares are scheduled to list on the BSE SME platform on December 8.

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SEBI to release LODR review paper soon

The Securities and Exchange Board of India (SEBI) plans to issue a comprehensive consultation paper reviewing its Listing Obligations and Disclosure Requirements (LODR) within the next four to six months.

The initiative seeks to simplify complex regulations, remove redundant provisions, and ease compliance, particularly for new-age firms and small to medium enterprises.

Key proposals under consideration include streamlined disclosure processes, unified filing systems, and customized norms for different types of companies.

The review reflects SEBI’s focus on improving transparency, enhancing efficiency, and fostering a more business-friendly regulatory environment while maintaining investor protection.

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Omnicom to cut 4,000 jobs after IPG takeover

Global advertising giant Omnicom Group is set to lay off over 4,000 employees following its acquisition of Interpublic Group (IPG) in a $13.5 billion deal.

Iconic agencies such as DDB Worldwide and MullenLowe will merge into TBWA Worldwide, while FCB will join BBDO Worldwide. Most cuts will impact back-office and leadership roles, aiming to streamline operations and save roughly $750 million annually.

The move highlights the industry’s urgent need to adapt amid growing competition from tech platforms and AI-driven advertising solutions, signaling a major reshaping of traditional ad networks worldwide.

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Atomberg plans $200 million Mumbai IPO

Atomberg Technologies Pvt., backed by Temasek Holdings, is said to be exploring an initial public offering (IPO) in Mumbai that could raise around $200 million, according to reports. The IPO is expected to include a mix of fresh shares and secondary sales by existing investors and could launch as early as next year.

The company has recently held discussions with investment banks about a possible listing and is likely to appoint advisers in the coming weeks, reports said.

The Mumbai-based consumer electronics maker is also backed by Steadview Capital and Jungle Ventures and is the latest firm preparing to tap India’s strong IPO market. Indian companies have raised about $19.6 billion through listings so far this year, following a record $21 billion in 2024, according to Bloomberg data.

Founded in 2012 by Manoj Meena and Sibabrata Das, Atomberg started as a fan manufacturer and has since expanded into mixer grinders, water purifiers and smart locks. In 2023, the company raised $86 million from Temasek, Steadview Capital, Jungle Ventures and Inflexor Ventures in a combination of primary and secondary transactions, according to Avendus Capital, which advised on the fundraise.

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Delhi, Mumbai air travellers may pay higher airport fees

Air travellers flying from Delhi and Mumbai may soon have to pay significantly higher airport fees.

A tribunal found that Indira Gandhi International and Chhatrapati Shivaji Maharaj airports under‑charged passengers between 2009 and 2014 by excluding assets like duty‑free shops, lounges, and parking.

To recover over ₹50,000 crore, User Development Fees (UDF) could rise sharply, domestic fees at Delhi may jump from ₹129 to ₹1,261, and international fees to ₹6,356.

The hike is under Supreme Court review, but if approved, flights will become noticeably costlier.

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RBI fines HDFC bank ₹91 lakh for compliance lapses

The Reserve Bank of India has fined HDFC Bank ₹91 lakh for multiple compliance lapses identified during its supervisory inspection of the bank’s 2023–24 financials.

The RBI found issues in how the bank followed rules under the Banking Regulation Act, including irregularities in applying interest-rate benchmarks on loans, shortcomings in outsourcing practices, and gaps in KYC (Know Your Customer) procedures.

The central bank clarified that the penalty is purely for regulatory non-compliance and does not affect the validity of customer transactions. HDFC Bank is expected to strengthen its internal controls to meet all supervisory and operational standards.