Urban Company’s IPO, aiming to raise Rs 1,900 crore, witnessed full subscription within the first hour, fueled by strong retail investor interest. The IPO comprises a fresh issue and an offer-for-sale from existing investors. Brokerages suggest a long-term investment approach, highlighting Urban Company’s dominance in the home services market and growth potential.
Fitch Ratings has revised India’s FY26 GDP growth forecast upwards to 6.9%, citing strong domestic demand and easing financial conditions. Despite short-term trade uncertainties with the US, a trade deal is anticipated. India’s economic momentum is robust, with significant growth in the service sector and consumption expenditure.
Rapido, initially known for bike taxis, has overtaken Uber and Ola in India’s ride-hailing market, driven by its two-wheeler dominance. Uber CEO acknowledges Rapido as tougher competition, prompting fare cuts and a driver subscription model. While Uber leverages its financial strength to compete, Rapido focuses on sustainable growth despite cash burn.
In a scathing analysis, geopolitical analyst David Goldwyn called out Donald Trump’s flawed understanding of sanctions against India, especially concerning Russian oil imports, deeming it a classic case of hypocrisy. While Trump slapped tariffs on India, he conveniently sidestepped similar actions against China, mistakenly thinking his influence over India was superior.
Prime Minister Narendra Modi responded to President Trump’s remarks on trade negotiations, affirming India and the US as close friends and natural partners. He expressed confidence that ongoing discussions will unlock the limitless potential of their partnership. Modi anticipates speaking with Trump soon, aiming for a brighter future for both nations as teams work to…
