The public issue of Anand Rathi Wealth Ltd. recorded steady investor participation on the second day of bidding, reflecting confidence in the company’s established reputation in wealth management and financial advisory services. The IPO, which comprises a mix of new equity and an offer-for-sale by existing shareholders, attracted significant interest from retail participants, while institutional and non-institutional investors maintained a cautious but consistent approach.

The Karnataka government has unveiled plans to establish a dedicated technology park in Mangaluru, aiming to transform the coastal city into a thriving hub for innovation, IT services, and startup activity. The proposed development is part of the state’s broader strategy to expand technology-driven growth beyond Bengaluru, diversify investment destinations, and generate employment opportunities in tier-two cities.

Jaro Education Ltd.’s initial public offering (IPO) has attracted solid investor attention, with the issue subscribed 1.95 times by the close of the second day of bidding. Retail investors led the momentum, reflecting confidence in the company’s growth strategy and presence in the fast-expanding edtech sector. While qualified institutional buyers and non-institutional investors adopted a more cautious approach, market observers believe the subscription levels point to robust underlying demand.

Fabtech Technologies International Ltd. is set to launch its initial public offering (IPO) on September 29, aiming to raise capital to fuel its growth and strengthen operations. The company, engaged in engineering solutions and turnkey project execution for pharmaceutical, biotechnology, and chemical industries, seeks to leverage investor appetite for manufacturing and technology-driven firms. The IPO will provide Fabtech with resources for capacity expansion, working capital, and debt reduction, while also enhancing its visibility in capital markets.

Global banking major HSBC has announced plans to discontinue its retail banking operations in Sri Lanka by 2026, marking a significant shift in its strategy for the island nation. The decision aligns with the bank’s broader push to streamline operations and focus on high-growth segments such as corporate, institutional, and wealth management services. While HSBC will maintain its presence in the country, the move signals a retreat from mass-market retail banking amid shifting market dynamics and profitability concerns.

The public issue of Seshaasai Tech Ltd. continued to draw strong investor attention on the second day of bidding, with subscriptions reaching three times the offer size. The robust demand was driven primarily by retail investors, underscoring confidence in the company’s growth prospects and its positioning within the technology-driven printing and IT solutions sector. While institutional participation remained moderate, the high level of retail enthusiasm signals broad-based interest in the company’s business model, which blends digital innovation with traditional printing services.

Ganesh Green Bharat Ltd., operating under the brand Ganesh Consumer, witnessed robust investor demand during its initial public offering (IPO), which closed with an overall subscription of 2.67 times. The offering drew significant interest from retail investors, while institutional and non-institutional participation remained measured. Market observers view the strong response as a reflection of investor confidence in the company’s growth potential, diversified product line, and expanding market presence.

In a significant relief for taxpayers and chartered accountants, the Rajasthan High Court has directed authorities to extend the due date for tax audit report submissions to October 31, 2025. The decision comes amid mounting concerns from tax professionals over technical glitches, compliance pressure, and limited preparation time. This extension aims to ease the burden on businesses, particularly small and medium enterprises, by granting them additional time to reconcile accounts and ensure accurate reporting.

India’s credit landscape witnessed a marginal contraction in the first quarter of FY2025, with fresh loan disbursements showing a noticeable slowdown. While consumer demand for retail credit remained steady, lending across other categories softened due to tighter underwriting standards, rising delinquency concerns, and cautious strategies by financial institutions. The data highlights a shift in borrower behavior as well, with increased repayment discipline and fewer first-time loan applications.

Copenhagen Airport, Denmark’s primary international hub, experienced a temporary suspension of flight operations following multiple unauthorized drone sightings near the airfield. Authorities cited significant safety risks for both incoming and outgoing flights, prompting immediate grounding measures and evacuation protocols. The incident underscores growing global concerns over drone interference with commercial aviation, highlighting the need for advanced detection and mitigation systems.