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Pine Labs shares surge 28% on debut trade, close with 14% gain

Financial Express Kolkata

|

November 15, 2025

SHARES OF FINTECH firm Pine Labs rose as much as 28% intra-day from its initial public offering (IPO) price of ₹221, after listing at ₹242 on both the bourses with around 10% premium.

- NESIL STANEY

The company's market valuation stood at ₹28,936.56 crore and ₹28,856.19 crore, on the NSE and BSE, respectively

The stock closed at ₹252 on the NSE, up 14% over the issue price, with around half the total gains erased.

FLERE HISTORIER FRA Financial Express Kolkata

Financial Express Kolkata

Govt does not advise LIC on investments: FM

FINANCE MINISTER NIRMALA Sitharaman on Monday told Parliament that the government does not advise or direct the Life Insurance Corporation of India (LIC) on its investment decisions, including those related to the Adani Group.

time to read

1 mins

December 02, 2025

Financial Express Kolkata

Centre to sell up to 6% in BoM

THE CENTRE WILL sell up to 6% stake in the state-run Bank of Maharashtra to raise about %2,492 crore through an offer for sale (OFS) at a floor price of *54/share on Tuesday-Wednesday.

time to read

1 min

December 02, 2025

Financial Express Kolkata

US, UK ink tariff-free deal to boost pharma trade

THE UNITED STATES announced a deal with Britain for zero tariffs on pharmaceutical products and medical technology on Monday which will lead to Britain spending more on medicines.

time to read

1 min

December 02, 2025

Financial Express Kolkata

Fertiliser imports climb 69% in first seven months of FY26

IN ANTICIPATION OF robust demand on surplus monsoon and encouraging trend in winter crops sowing, the imports of urea, di-ammonium phosphate (DAP) and NPK variants of soil nutrients have surged in the first seven months of the current fiscal year.

time to read

2 mins

December 02, 2025

Financial Express Kolkata

Robust demand: Car sales surge 19% in November

FESTIVAL TAILWIND FADES, SEQUENTIAL VOLUMES MODERATE

time to read

2 mins

December 02, 2025

Financial Express Kolkata

Telcos: Mandatory move for messaging apps a milestone

INDUSTRY BODY COAI on Monday said Telecom Department’s move mandating that messaging apps like WhatsApp will work only with an active SIM would bolster national security and pledged telecom operators’ commitment to supporting seamless implementation of the latest directive.

time to read

1 min

December 02, 2025

Financial Express Kolkata

Omega rolls out world’s first electric cargo vehicle

E-MOBILITY COMPANY OMEGA Seiki Mobility (OSM) has launched the world's first autonomous electric cargo three-wheeler, Swayamgati Cargo. The company has set an introductory price of Rs 4.15 lakh to make autonomous vehicles accessible, affordable, and scalable. Bookings for the Swayamgati Cargo will open on Monday, with deliveries expected to begin this quarter.

time to read

1 min

December 02, 2025

Financial Express Kolkata

Meesho bets over 40% of IPO money on in-house Al infra

STRATEGIC MOVE

time to read

2 mins

December 02, 2025

Financial Express Kolkata

Fresh applications sought under PLI for bulk drugs

THE DEPARTMENT OF Pharmaceuticals (DoP) has invited fresh applications under the performance-linked incentive (PLI) scheme for bulk drugs with an aim to boost the domestic production of broad-spectrum antibiotic meropenem and anti-retroviral medication ritonavir.

time to read

1 mins

December 02, 2025

Financial Express Kolkata

PM: Parliament no place for drama

Cong hits back: Calls Modi biggest dramabaaz

time to read

1 min

December 02, 2025

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