Globe Civil Projects Ltd made a striking debut on Indian stock exchanges Tuesday, with its shares surging over 28% above the issue price of Rs. 71. The stock opened at Rs. 91.10 on the BSE and Rs. 90 on the NSE, reflecting robust investor enthusiasm for infrastructure-driven growth stories. With a post-listing valuation of Rs. 543.44 crore, the company’s Rs. 119-crore IPO, which closed with an impressive 86-times oversubscription, is being hailed as one of the more successful recent listings in the civil engineering and construction segment.

Ellenbarrie Industrial Gases Ltd commenced trading on a strong note Tuesday, listing at a substantial premium of over 20% against its issue price of Rs. 400 per share. The stock debuted at Rs. 492 on the BSE and later surged 35.3% to Rs. 541.20 during intra-day trade. Backed by a well-received Rs. 852 crore initial public offering (IPO), which saw an impressive 22.19 times oversubscription, the company’s market capitalization touched Rs. 7,603.48 crore.

Kalpataru Ltd, one of India's prominent real estate developers, made a subdued yet ultimately strong debut on the stock exchanges on Tuesday. Initially listing at Rs. 414 — matching its issue price — the stock quickly found investor interest, rallying over 9% during early trading hours. The Rs. 1,590 crore IPO, composed entirely of a fresh equity issue, was subscribed 2.26 times, reflecting moderate but meaningful investor confidence. With a market capitalization surpassing Rs.

In a strategic move to solidify its position in the sustainable energy sector, Indian engineering conglomerate Larsen & Toubro (L&T) has launched a new wholly-owned subsidiary, Panipat Green Hydrogen Pvt Ltd. The newly incorporated entity will spearhead green hydrogen initiatives and related business operations, aligning with India’s broader transition toward clean energy.

As India’s Goods and Services Tax (GST) marks its eighth anniversary, PwC India recommends urgent reforms to enhance its efficiency and global competitiveness. The report advocates simplifying GST compliance, consolidating the current four tax slabs into three, and crucially, bringing petroleum products like Aviation Turbine Fuel (ATF) under the GST umbrella. These reforms aim to resolve cascading taxes, ease cash flow challenges, and align the tax framework with international trade dynamics.

Damodar Valley Corporation (DVC) has signed a significant long-term Power Purchase Agreement (PPA) with five electricity distribution companies in Karnataka to supply 300 MW of thermal power. The electricity will be sourced from DVC’s under-construction Koderma Thermal Power Station Phase-II in Jharkhand. This strategic agreement, signed at the Power Company of Karnataka Limited (PCKL) headquarters, marks an expansion of DVC’s energy supply to the southern region, complementing its existing 450 MW allocation.

Raymond Realty, the real estate arm of the storied Raymond Group, is entering the capital markets with a focused strategy rooted in financial prudence and operational discipline. As it prepares to list on the bourses, company leadership has laid out clear benchmarks for future development—chief among them, a minimum 20% profit margin for any project under consideration. With a pipeline of developments valued between Rs. 6,000 and Rs. 10,000 crore, Raymond Realty is leveraging its land bank and exercising extreme selectivity, having signed just six of the 1,400 potential projects reviewed.

As negotiations for a landmark India-US trade agreement accelerate, senior Congress leaders have urged the Indian government to provide clarity and involve opposition parties in the process. US President Donald Trump’s announcement of a “very big” deal that would “open up” India has sparked calls for transparency and strategic prudence, emphasizing that any agreement must safeguard India’s national interests and uphold its commitments to global trade frameworks like the WTO.

The Indian cement industry demonstrated remarkable resilience in May 2025, registering a 9% year-on-year volume increase to 39.6 million metric tonnes (MT), accompanied by an 8% rise in average cement prices to Rs. 360 per 50 kg bag. This positive momentum, underscored by stable input costs—particularly lower coal and petcoke prices and steady diesel rates—has bolstered operating margins across the sector. According to a recent ICRA report, cement volumes are projected to grow 6-7% in fiscal year 2026, driven by sustained demand from housing and infrastructure development.

India’s benchmark equity indices snapped a four-session winning streak on Monday as profit-booking, particularly in banking stocks, dragged markets lower. The BSE Sensex declined by 452.44 points to close at 83,606.46, while the NSE Nifty fell 120.75 points to settle at 25,517.05. The retreat follows a sharp rally over the previous four days, during which both indices gained over 2.6%. While global cues remained largely positive, investor focus shifted toward quarterly earnings and valuations.