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Hegseth said the alleged assassination-related individuals were not the main focus of the campaign. “While that was not the focus of the effort by any stretch of the imagination… I ensured, and others ensured that those who were responsible for that were eventually part of the target list,” he said. View More

The State Legislative Council has passed a bill in this regard to amend the existing provisions on the assigned lands in Amaravati View More

Among investor categories, qualified institutional buyers (QIBs) did not subscribe, non-institutional investors (NIIs) subscribed 0.01 times, retail investors 0.02 times, and the employee portion 0.43 times View More

To expand its business, the company buys land outright and also enters into joint development arrangements with landowners to develop housing projects View More

Indian IPOs are facing tough times this year. Most new listings are not performing well, with many trading below their issue price. This is due to a shaky stock market and global worries. Investors are cautious, preferring to wait for stability. Companies are delaying their IPO plans. The situation could improve when market conditions stabilize and global events become clearer. View More

India's primary market is mirroring the turbulence in the secondary market this year, with most 2026 mainboard IPOs struggling to hold gains amid broader volatility and rising geopolitical risks . Data so far show that of the eight mainboard IPOs listed this year, only three opened in profit on debut, while five listed at a discount. This translates to just 37.5% of stocks listing above their issue price, with the average listing gain at 4.2%. However, the picture weakens by the end of the listing day. Only two stocks managed to close in the green on debut, while six ended in the red. The average end-of-day gain drops sharply to 1%. The underperformance becomes even more visible on a till-date basis. Currently, only three of the eight IPOs remain in profit, while five are trading below their issue price. The average return till date stands at -5.1%, reflecting the pressure on newly listed names in a risk-off environment. The weak primary market backdrop is closely linked to secondary market performance. The Nifty is down nearly 7% so far this year, while mid- and small-cap indices have corrected even more sharply. In such conditions, investor behaviour tends to shift. Khushi Mistry, Research Analyst at Bonanza, says the slowdown is largely sentiment-driven. "Market corrections in broader and mid-cap indices have eroded investor risk appetite. Investors are prioritising averaging down existing holdings over new subscriptions. Muted activity may persist until secondary markets stabilise," she said. Live Events Foreign flows have also added to the strain. Early January saw foreign institutional investors pull out over Rs 7,600 crore amid global uncertainties and rupee weakness. When FIIs turn cautious, liquidity tightens and appetite for new listings typically reduces. Vinit Bolinjkar, Head of Research at Ventura , points to multiple factors. "Corrections in mid- and smallcaps, FII outflows, and post-Budget volatility have all played a role. Companies are delaying launches for better valuations. Reduced exposure to Indian equities by FIIs is further depressing sentiment," he said. Recent listing performance has further dented confidence. When investors see limited gains or post-listing losses, subscription enthusiasm weakens for upcoming issues. Uday Patil, Executive Director at PL Capital Markets, says companies are waiting for better conditions. "Secondary market volatility and valuation concerns have weakened investor appetite. Companies hesitate to launch new IPOs anticipating poor reception. The lull is not structural; it is time-based," he says. Despite the slowdown, the IPO pipeline remains strong, with over Rs 2.5 lakh crore worth of issues awaiting launch. The question is not supply but timing. Adding to the uncertainty is the escalating Iran war, which has emerged as the biggest near-term overhang on markets. Rising crude oil prices, concerns over supply disruptions through the Strait of Hormuz, and the risk of imported inflation have increased volatility across asset classes. For India, higher oil prices translate into pressure on inflation, the rupee, and the fiscal balance, all of which influence equity valuations. If the conflict prolongs and crude sustains at elevated levels, analysts say investor risk appetite could remain subdued, affecting both secondary markets and fresh listings. In such a scenario, IPO pricing may turn conservative, and listing gains could stay muted. However, primary market momentum may revive once volatility eases, earnings visibility improves, and global cues stabilise. Until then, the combination of a weak broader market and geopolitical stress could continue to cap IPO performance in 2026. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times) .Pbanner{display:flex;justify-content:space-between;align-items:center;background-color:#ec1c40;margin-top:20px;padding:5px 10px;border-radius:4px;color:#fff;line-height:10px;} .Pbannertext{display:flex;align-items:center;font-size:16px;font-weight:600;font-family:'Montserrat';} .Pbannertext img{height:20px;margin:0 6px} .Pbannerbutton a{display:flex;align-items:center;background-color:#fff;color:#ec1c40;text-decoration:none;font-weight:600;padding:4px 8px;border-radius:6px;font-size:15px;font-family:'Montserrat';} .Pbannerbutton img{height:20px;margin-right:6px} .Pbannerbutton a:hover{background-color:#f7f7f7} Add as a Reliable and Trusted News Source Add Now! (You can now subscribe to our ETMarkets WhatsApp channel) (You can now subscribe to our ETMarkets WhatsApp channel)

Fintech unicorn Moneyview Limited has filed its DRHP with SEBI for an IPO, aiming to raise capital through a fresh issue and an Offer for Sale. The company, a credit-led digital financial services platform targeting "Middle India," reported strong growth and profitability, with significant AUM and a user base of over 125 million. View More

Bengaluru-based fintech unicorn Moneyview Limited has filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India ( SEBI ) to raise capital through an Initial Public Offering ( IPO ). The proposed IPO comprises a fresh issue of equity shares aggregating up to Rs 1,500 crore and an Offer for Sale (OFS) of up to 13.6 crore equity shares by existing shareholders. Founded in 2014 by IIT Delhi alumni Puneet Agarwal (Managing Director & CEO) and Sanjay Aggarwal (Executive Director & CTO), Moneyview has evolved into a consumer-focused, credit-led digital financial services platform catering to what it calls “Middle India.” Through the Moneyview app, users can access a comprehensive suite of financial products across four core categories — Borrow, Transact, Invest, and Protect — enabling a seamless, single-platform experience for diverse financial needs. Backed by marquee global investors including Accel , Tiger Global and Ribbit Capital, the company has established itself as one of India’s leading digital lending platforms. Live Events Moneyview stands out among new-age players for its track record of high growth and profitability. The company has been profitable since FY22 and continued to strengthen its momentum, recording a 61% year-on-year increase in Profit Before Tax (PBT) in FY25 compared to FY24. Its flagship product, digital personal loans, launched in 2017, remains a key revenue driver, with Managed AUM of Rs 19,814 crore as of December 31, 2025. In FY25, Moneyview accounted for approximately 11% of total digital unsecured personal loan sanctions and reported the highest AUM in the digital unsecured personal loan segment among unlisted peers. Reflecting this momentum, the company reported revenue of Rs 2,379 crore and a net profit of Rs 240 crore for FY25. Moneyview attributes its financial performance to its customer-first philosophy, strong technology and AI capabilities, and capital-light operating model supported by a diversified partner network. The platform delivers tailored financial products through a seamless digital experience, leveraging data, technology and innovation. It has built a user base of over 125 million, growing at a CAGR of 36.2%, with coverage across 99.55% of India’s PIN codes. Nearly 79% of its users are based in Tier 2 and beyond cities, with an average monthly income of Rs 47,000 and an average age of 32 years — reflecting its strong reach within Middle India. Moneyview’s AI-led operating model enables a fully unassisted user journey, driving scalability and cost efficiency. With over 50% of its workforce in technology and data roles, the company has built significant operating leverage. Operating expenses as a percentage of total income declined from 62.84% in FY23 to 35.19% in the nine-month period ended December 31, 2025. As of December 31, 2025, Managed AUM stood at Rs 19,814 crore, while Return on Equity (ROE) was 15.9%, reflecting improving profitability metrics. Expanding product portfolio and strong financial performance Moneyview has evolved into a full-stack digital financial services platform offering credit cards, earned wage access, home loans, loans against property, insurance, digital gold, UPI payments and bill payment services. These offerings aim to deepen customer engagement and increase lifetime value through multi-product adoption. For FY25, the company reported revenue of Rs 2,379 crore and net profit of Rs 240 crore. In the nine-month period ended December 31, 2025 (9MFY26), revenue stood at Rs 2,409 crore and net profit (before exceptional items) at Rs 245 crore — already surpassing full-year FY25 figures. IPO Details According to the DRHP, the IPO includes a fresh issue of up to Rs 1,500 crore and an OFS of up to 13.6 crore equity shares. Promoter selling shareholders include Puneet Agarwal and Sanjay Aggarwal, while promoter group selling shareholder Chitra Agarwal and investor selling shareholders such as Internet Fund III Pte. Ltd., Accel India IV (Mauritius) Limited, Accel Growth IV Holdings (Mauritius) Ltd., Crimson Winter Limited, Lok Capital IV LLC, Lok Capital Co-investment Trust, Ribbit Capital, Evolvence India Fund IV Limited, Apis Growth II (Mimosa) Pte. Ltd., NLI Strategic Venture Investment Limited, TI JPNIN India Holdco Ltd., TI Platform SMRS SMA, L.P., and DI Investment LLC will also participate in the OFS. Utilisation of IPO Proceeds The company plans to utilise: Rs 650 crore to support loan disbursals under Default Loss Guarantee (DLG) arrangementsRs 450 crore for investment in its material subsidiary, Whizdm Finance Private Limited, to strengthen its capital baseThe remaining proceeds for general corporate purposes The Book Running Lead Managers to the issue are Axis Capital Limited, BofA Securities India Limited, IIFL Capital Services Limited and Kotak Mahindra Capital Company Limited. The equity shares are proposed to be listed on BSE and NSE. ( Disclaimer : Recommendations, suggestions, views and opinions given by experts are their own and do not represent the views of The Economic Times.) .Pbanner{display:flex;justify-content:space-between;align-items:center;background-color:#ec1c40;margin-top:20px;padding:5px 10px;border-radius:4px;color:#fff;line-height:10px;} .Pbannertext{display:flex;align-items:center;font-size:16px;font-weight:600;font-family:'Montserrat';} .Pbannertext img{height:20px;margin:0 6px} .Pbannerbutton a{display:flex;align-items:center;background-color:#fff;color:#ec1c40;text-decoration:none;font-weight:600;padding:4px 8px;border-radius:6px;font-size:15px;font-family:'Montserrat';} .Pbannerbutton img{height:20px;margin-right:6px} .Pbannerbutton a:hover{background-color:#f7f7f7} Add as a Reliable and Trusted News Source Add Now! (You can now subscribe to our ETMarkets WhatsApp channel) (You can now subscribe to our ETMarkets WhatsApp channel)

Premium projects in Kolkata and Gurugram add over ?40,000 crore of future sales potential, cementing Godrej Properties' record year for business development. View More

There's a seismic shift in the global energy market with oil and gas prices hitting unprecedented heights. The escalating conflict involving the U.S., Israel, and Iran has put a major brake on energy exports from the Middle East. View More

LONDON - Global oil and gas prices jumped on Tuesday as the U.S.-Israeli war on Iran halted energy exports from the Middle East, with Tehran attacking ships and energy facilities, closing navigation in the Gulf and forcing production stoppages from Qatar to Iraq. The benchmark Brent crude oil contract gained nearly 8% on Tuesday to above $83 per barrel, the highest since July 2024, taking gains since Friday to more than 15%. European gas prices soared as much as 40% before paring gains, adding to a 40% surge on Monday. Sugar, fertiliser and soy prices have all risen too. The conflict risks triggering ‌a renewed spike in ⁠inflation that could ⁠choke off economic recovery in Europe and Asia if the war is prolonged in a region that accounts for just under a third of global oil production and almost a fifth of natural gas. Iraq, OPEC's second-largest producer, on Tuesday said ​it may be forced to cut production by more than three million barrels per day in a few days if oil tankers cannot move freely to loading points, according to two Iraqi oil officials. As of ​Tuesday, Iraq has decreased production from the Rumaila oil field by 700,000 bpd and cut 460,000 bpd from the West Qurna 2 field, the officials said. SHIPPING AT A STANDSTILL, OIL AND GAS OUTPUT SLASHED Traffic through the Strait of Hormuz was closed for a fourth day after Iran attacked five ships, choking off a key artery accounting for about 20% of global oil and ​LNG supply. Live Events Crude tanker transits through the strait fell to four vessels on March 1, the day after hostilities broke out, ⁠versus an average ‌of 24 per day since January, according to Vortexa vessel-tracking data. Three of the four were Iran-flagged. Hundreds of tankers loaded with oil and LNG ​are stranded near big hubs, such ​as the United Arab Emirates' port of Fujairah, unable to reach customers in Asia, Europe and elsewhere. Some companies are trying to find alternative routes. Saudi ⁠oil giant Aramco 2223.SE is attempting to reroute some of its crude to its western Red Sea port ​of Yanbu, but sources, including buyers, traders and analysts, said Aramco's east-west pipeline had limited capacity and could become a target of attacks ​by Iran's allies. On Tuesday, a fuel tank at Oman's Duqm commercial port was hit by a drone and a fire broke out at the UAE's Fujairah, one of the key regional oil hubs, slowing ship refuelling and potentially shifting demand to other ports including Singapore. On Monday, Qatar shut down its liquefied natural gas facilities, some of the world's biggest, which supply around 20% of global LNG exports, Saudi Arabia suspended production at its largest domestic refinery, while Israel and Iraq's Kurdistan also shut chunks of their gas and oil output. Elsewhere in the world, Chinese refiners have started to shut units in response to the conflict's impact on crude supply, while India, one of the most dependent countries on oil and gas from the Middle East, has said it has ‌started to ration gas supplies to industries after Qatar production was shut down. RISING GASOLINE PRICES POSE POLITICAL RISKS In the U.S., where gasoline prices are a key political pressure point, the cost jumped above $3 per gallon for the first time since November, just weeks after President Donald Trump touted his achievements in ​bringing prices down to $2. Higher ​prices at the pump mark a major risk for ⁠Trump and his fellow Republicans as they head into midterm elections in November. U.S. Treasury Secretary Scott Bessent and Energy Secretary Chris Wright will announce plans on Tuesday to mitigate the impact of the price spike on Americans, Secretary of State Marco Rubio has said. Most Qatari LNG flows to Asia, but some also flows to Europe, which is entirely dependent on imports for its ​oil and gas needs. Europe is expected to scramble to replenish stocks, depleted by a cold winter, and will need to rely even more on U.S. gas, after shunning Russian gas after its 2022 invasion of Ukraine. Shipping rates around the world have also jumped to an all-time high as the conflict has intensified and Tehran has targeted ships passing through the strait. ASSESSING MISSILE STOCKPILES Western security experts are seeking to assess how many missiles and drones Iran has left to keep up the intensity of its attacks. Saudi Arabia, the UAE, Oman and Kuwait have so far managed to intercept most missiles and drones targeting energy facilities, ports and airports but worries mount if their anti-drone and anti-missile stockpiles are running low. (Reporting by Yousef Saba, Ahmed Elimam; additional reporting by Ahmad Ghaddar and Alex Lawler in London and Nidhi Verma in Delhi; Writing by Dmitry Zhdannikov and Nina Chestney; Editing by Sharon Singleton) .Pbanner{display:flex;justify-content:space-between;align-items:center;background-color:#ec1c40;margin-top:20px;padding:5px 10px;border-radius:4px;color:#fff;line-height:10px;} .Pbannertext{display:flex;align-items:center;font-size:16px;font-weight:600;font-family:'Montserrat';} .Pbannertext img{height:20px;margin:0 6px} .Pbannerbutton a{display:flex;align-items:center;background-color:#fff;color:#ec1c40;text-decoration:none;font-weight:600;padding:4px 8px;border-radius:6px;font-size:15px;font-family:'Montserrat';} .Pbannerbutton img{height:20px;margin-right:6px} .Pbannerbutton a:hover{background-color:#f7f7f7} Add as a Reliable and Trusted News Source Add Now!

Godrej expects the premium residential project to be developed on the site to generate revenues of approximately ?1,650 crore View More

India faces a critical gap in tracking nearly 6 lakh babies born annually with congenital anomalies, as these conditions increasingly contribute to child mortality. To address this, Smile Train India and Birth Defects Research Foundation launched BIND, advocating for a National Birth Anomalies Registry to improve data, identify risk factors, and guide health planning for better prevention and care. View More