JSW doesn't have 'aukaat' to take on Adanis, Birlas; will grow cement business organically: MD Parth Jindal
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Business Standard
2 hours ago
- Business Standard
Less than one-third of new-age Indian IPOs beat market benchmarks: Report
India's 25 venture capital and private equity backed 'new-age' companies, that listed between May 2020 and June 2025, reveals a sobering reality behind the hype: barely a third have delivered sustained outperformance against the market. According to the white paper by Client Associates, only 36 per cent of IPO investors and 32 per cent of post-listing investors generated positive alpha over the BSE 500 index. Pre-IPO investors fared slightly better at 43 per cent, but only if they timed exits well. Those who sold at the mandatory six-month lock-in expiry window often reaped the highest returns versus much lower or even negative returns for long-term holders. While strong subscription demand was common, the report finds that most listing gains proved unsustainable. 'The study concludes that while new-age IPOs created substantial excitement and short-term gains, the risk-adjusted returns for retail investors, particularly in the unlisted market, remain questionable when compared to diversified fund-based approaches or established listed alternatives,' the white paper by Client Associates noted. Top performers such as Ixigo (Le Travenues Technology), Zomato (now Eternal), Nazara Technologies and PolicyBazaar combined clear profitability paths with revenue scaling and margin expansion Underperformers including Ola Electric, Paytm, Mobikwik and FirstCry were often dragged down by capital-heavy models, overvaluation, or inability to defend market share. Sector Trends Technology-enabled platforms with network effects or asset-light models typically delivered better post-listing returns. By contrast, capital-intensive businesses without sustainable unit economics destroyed substantial shareholder value after debut. Retail Frenzy Underperforms A subset of 10 'retail frenzy' stocks, actively traded in pre-IPO secondary markets, badly lagged the benchmark. In this group, IPO investors earned just 2 per cent, and post-IPO investors lost 16 per cent on average, with deep negative alpha.
Time of India
4 hours ago
- Time of India
India negotiates trade pacts on equal footing, with adequate firmness: Jitin Prasada
India is now negotiating free trade agreements with other nations on an equal footing, reflecting the country's strengthened position under Prime Minister Modi. Minister Prasada highlighted India's firm stance during FTA negotiations, emphasizing the nation's rapid economic growth. The inauguration of the expanded Intellectual Property Office in Dwarka signifies India's commitment to innovation and intellectual property rights. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads New Delhi: India negotiates free trade agreements with nations on an equal footing with adequate firmness, as the country has changed under the leadership of Prime Minister Narendra Modi, Minister of State for Commerce and Industry Jitin Prasada said on said that India's economic growth is progressing rapidly. "When we do FTAs with different talk on equal footing. This is the new India. We put forth our point of view forcefully," he minister was speaking at the inauguration of the newly-expanded ISA building of the Intellectual Property Office (IPO) in Dwarka remarks come at a time when India is negotiating trade pacts with a number of countries including the US, European Union, Peru, Chile and New the US, five rounds of talks have been held so far. India has clearly stated that it can not compromise on agri, and dairy sectors, a key demand of the the building, Commerce and Industry Minister Piyush Goyal said innovation is not only a form of intellectual property but also a symbol of sovereignty, and it will play a crucial role in taking India forward in the emphasized that in every developed country, innovation, new ideas, research, and development are priorities, and it is through such innovation that these nations have expanded facility can now accommodate over 700 personnel, compared to the earlier capacity of 200 in the old 6,082-square-foot IPO building. The project, costing about Rs 88 crore, features modern architectural design to maximise workspace and promote Goyal held an interaction with IP stakeholders and sought their views to make laws more simple, decriminalise minor offences and make them 1,000 provisions are expected to be identified in the next 45 days to promote ease of doing added that India can benefit from its low-cost R&D and clinical trials.
Hindustan Times
4 hours ago
- Hindustan Times
3 new stretches of Kolkata metro likely to open by August end: Details here
Kolkata metro may start operating on three new stretches by the end of this month, said a senior official of the city's metro operator 'Metro Railway Kolkata' on Wednesday. The Yellow line's first phase — the Noapara–Airport corridor — awaits a nod from the PMO to start operations by next month, the spokesperson said.(File Photo/PTI) This comes after railway board chairman Satish Kumar inspected East-West metro's 2.6 km long Esplanade–Sealdah section and the Noapara–Airport stretch during his two-day visit. "We are hopeful that with the Commissioner of Railway Safety giving nod to the East-West Metro's 2.6 km stretch between Esplanade and Sealdah earlier and after the visit of the Railway Board Chairman, the entire Green Line connecting Howrah Maidan–Salt Lake Sector V will be open for commuters by August itself," PTI cited the spokesperson as saying. Also read: BMTC launches metro feeder buses for Yellow Line: Route details, timings, stops "This will help Salt Lake-bound commuters who currently have to get down at Esplanade from the Howrah side and then navigate congested traffic to reach Sealdah for a connecting metro to Sector V. It will ease their hardships and improve connectivity to a great extent," the spokesperson added. Also read: Bengaluru Metro's Yellow-Green crossover caught on camera, video goes viral New Kolkata metro stretches may operate from September After August, Kolkata's metro network may expand in September too as two more key stretches have received all mandatory clearances. The Yellow line's first phase — the Noapara–Airport corridor — and the Orange line's Hemanta Mukhopadhyay (Ruby More)–Beleghata corridor, which 4.5 km long, are now in wait of a nod from the PMO to start operations by next month, the spokesperson said. Also read: Delhi Metro on Independence Day: DMRC announces early services on August 15. Check time and other details "Big cities have their metro services connected with the airport. The Noapara-Airport corridor opening will serve that need," he added. The Ruby–Beleghata stretch will come as a relief for passengers traveling from the partially operational Kavi Subhash (New Garia) line to reach Salt Lake's entry point and interchange at the nearby Phoolbagan metro station on the Green Line or take connecting transport to the IT hub at Sector V, Nicco Park, Karunamoyee, or City Centre 1, said the PTI report.
