Ganga Bath Fittings, a manufacturer of bathroom accessories, has launched a Rs. 33-crore initial public offering (IPO) to raise funds aimed at scaling up its manufacturing capabilities and improving financial health. The IPO, priced in the range of Rs. 46–49 per equity share, opened for subscription on June 3 and will close on June 6. Entirely a fresh issue of 66.63 lakh shares, the offering is intended to support capital expenditure, debt reduction, working capital needs, and corporate development.

India’s premier electricity trading platform, the Indian Energy Exchange (IEX), reported a robust 14% year-on-year increase in power trade volumes for May 2025, reaching 10,946 million units (MU). This growth was driven by record activity in the Real-Time Market and a surge in green energy trading. Renewable Energy Certificates (RECs) also saw a 65% spike in trading volumes. Despite rising volume, market clearing prices fell sharply across most segments, reflecting increased supply and improved grid efficiency.

In a strategic divestment, Ericsson India has sold nearly 1% of its stake in Vodafone Idea through open market transactions, generating approximately Rs. 428 crore. The sale, involving over 63 crore shares at an average price of Rs. 6.76 apiece, comes amid the telecom company’s ongoing efforts to raise Rs. 20,000 crore to reduce debt and fund operations. Following the transaction, Vodafone Idea’s stock declined nearly 2% in intraday trading.

Scoda Tubes Ltd, a Gujarat-based manufacturer of stainless-steel tubes and pipes, debuted on Indian stock exchanges at Rs. 140 per share—matching its issue price. The listing followed overwhelming investor interest, with the IPO receiving a subscription rate of 53.78 times. Post-listing, the stock hit its upper circuit on both the BSE and NSE, trading at Rs. 146.95 and Rs. 147 respectively. With a market capitalisation nearing Rs.

Tesla India has leased a 24,565 square feet warehousing facility in Mumbai’s Lodha Logistics Park, marking a significant step in its methodical expansion across the Indian market. The five-year lease, commencing June 1, 2025, involves a starting monthly rent of Rs 37.53 lakh, with annual rent escalations of 5 percent, totaling approximately Rs 24 crore. This move aligns with Tesla’s broader strategy of establishing a comprehensive footprint in India, complementing its offices and showrooms in key cities.

World Trade Organization Director General Ngozi Okonjo-Iweala has called on India to lend support to the China-led Investment Facilitation for Development (IFD) proposal, which is backed by a majority of developing nations. Speaking during a meeting with Indian Commerce Minister Piyush Goyal, Okonjo-Iweala emphasized India’s critical leadership role in shaping the future of the WTO amid ongoing trade disruptions and the need for reforms.

Six Indian companies, notably HDB Financial Services and Vikram Solar, have secured regulatory approval from the Securities and Exchange Board of India (SEBI) to proceed with their initial public offerings (IPOs). The approvals, granted between May 27 and 30, 2025, mark a significant step for these firms to raise capital through public markets. HDB Financial Services plans to raise Rs 12,500 crore via a combination of fresh equity and promoter share sales, while Vikram Solar aims to generate Rs 1,500 crore through fresh issuance alongside an offer-for-sale component.

Global fintech firm Wise has received in-principle approval from the Reserve Bank of India (RBI) to operate as a cross-border payment aggregator, a move that significantly strengthens its operational footprint in one of the world’s largest remittance markets. This regulatory milestone aligns with Wise’s broader ambition to offer faster, more transparent, and cost-effective international money transfers. Currently facilitating approximately 10% of all inbound remittances into India, Wise aims to scale its services for Indian exporters and consumers alike.

In a move that underscores mounting trade tensions, India has formally requested consultations with the United States at the World Trade Organization (WTO) regarding new American tariffs on automobile parts. The U.S. recently imposed a 25% ad valorem duty on imports of passenger vehicles, light trucks, and certain auto components originating from India. These measures, effective from May 3, 2025, are intended to safeguard U.S. domestic industries but were implemented without the required WTO notifications.

GyanDhan, an emerging leader in education financing, has successfully raised Rs 50 crore in its Series A funding round from prominent investors Classplus and Pravega Ventures. This capital infusion will empower the fintech startup to accelerate its growth, enhance its technological infrastructure, and broaden access to educational opportunities for millions of Indian families.