Shadowfax Technologies Ltd, the Flipkart-backed logistics startup, has taken a decisive step towards public listing by confidentially submitting its draft red herring prospectus to the Securities and Exchange Board of India (SEBI). The initial public offering (IPO) aims to raise Rs. 2,000–2,500 crore through a mix of fresh capital and an offer for sale by existing investors. Market insiders peg the company’s valuation at approximately Rs. 8,500 crore—significantly higher than its Rs.

Ather Energy, the Bengaluru-based electric two-wheeler manufacturer, has reached a major milestone by crossing the one lakh unit sales mark for its Rizta scooter. In celebration, the company has unveiled a new variant of the Rizta S, now equipped with a larger 3.7 kWh battery. This model offers an extended range of 159 km per charge, making it an attractive proposition for urban commuters seeking a practical and affordable electric scooter. Priced at Rs.

Nuvama Institutional Equities has reaffirmed a bullish outlook on Reliance Industries Ltd. (RIL), maintaining a ‘Buy’ rating with a revised target price of Rs. 1,801—projecting a 20% upside from current levels. The brokerage anticipates that RIL's New Energy division will emerge as a key growth driver, contributing up to 50% of profit after tax (PAT) by FY30. The segment, including solar modules and power, is forecast to grow net profit from Rs. 2,000 crore in FY27 to Rs.

In a notable shift in India’s automotive landscape, Hyundai’s Creta has become the best-selling passenger vehicle for June 2025, marking a significant milestone in its 10th anniversary year. With 15,786 units sold, the Creta edged out close competitors like Maruti Suzuki’s Dzire and Brezza, which recorded 15,484 and 14,507 units, respectively. The achievement underscores a broader industry trend: the increasing consumer preference for compact and mid-sized SUVs.

AU Small Finance Bank has announced a significant reshuffling and expansion of its leadership structure, appointing seasoned professionals to key roles across governance and operations. The board welcomes two new independent directors—experts in cybersecurity and human capital strategy—while new appointments across credit, operations, and commercial banking signal a deepening of strategic capabilities. With internal promotions in branch banking and unsecured lending, the bank is positioning itself for greater operational efficiency and broader customer outreach.

In a significant consolidation move in India's health insurance sector, Medi Assist Insurance TPA Pvt Ltd has finalized the acquisition of a 100% stake in Paramount Health Services & Insurance TPA. While both firms will maintain independent operations for the time being, the integration paves the way for strategic alignment and operational synergies. The acquisition brings Rs 4,000 crore in additional health premiums under administration for Medi Assist and significantly broadens its provider network.

Travel Food Services (TFS), a key player in India's travel-focused food and beverage (F&B) sector, is preparing to launch its Rs. 2,000-crore initial public offering (IPO) from July 7 to July 9, 2025. The issue, priced between Rs. 1,045 and Rs. 1,100 per share, is entirely an offer-for-sale (OFS) by the promoter entity, Kapur Family Trust, signaling a strategic shift without raising new capital. TFS, backed by global travel retail leader SSP Group, operates nearly 400 outlets across 14 Indian and 3 Malaysian airports.

Kolkata-based education services provider Crizac Limited has raised Rs. 258 crore through its anchor investor round ahead of its initial public offering (IPO) scheduled for July 2025. The company, which is offering a full offer-for-sale (OFS) issue of Rs. 860 crore, allocated over 1.05 crore equity shares at Rs. 245 apiece to a roster of marquee institutional investors. With a grey market premium (GMP) of Rs. 12 per share as of July 1, expectations for the listing remain optimistic.

India’s largest public sector lender, the State Bank of India (SBI), has formally categorized the loan account of Reliance Communications as fraudulent, escalating a long-standing financial saga involving the telecom company once led by Anil Ambani. SBI’s decision follows months of unanswered concerns over financial irregularities and breaches of loan terms. This classification, which aligns with similar action taken by Canara Bank in 2024, has significant regulatory implications.

HDB Financial Services, a key non-banking finance arm of HDFC Bank, commenced trading on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) on July 2, 2025, following a resoundingly successful initial public offering (IPO). The offering, which closed on June 27, was oversubscribed nearly 27 times, highlighting strong demand from institutional and retail investors alike. Market momentum, bolstered by a grey market premium of Rs. 75, suggested a listing price of approximately Rs. 815 per share — a 10% premium over the issue price of Rs. 740.