GIFT CITY
Pine Labs set to file for up to Rs 6,000-crore IPO by month-end
Pine Labs is preparing to file its DRHP with SEBI by the end of June, aiming for an IPO later this year to raise Rs 5,000-6,000 crore. The IPO could value the company at $4-5 billion. The company has appointed Axis Capital, JP Morgan, Morgan Stanley, Citi and Jefferies as bankers to the issue.
Pine Labs, Meesho eye D-Street address; Rapido’s food delivery outlook
Pine Labs is set to file its draft prospectus for its IPO by June-end, while Meesho may follow suit in the coming weeks. This and more in today’s ETtech Top 5.
Tata Asset Management receives IFSCA approval to begin operations in Gujarat's GIFT City
Tata Mutual Fund: The approval marks a significant step in expanding Tata Asset Management's offshore product suite and facilitating global and outbound investment opportunities, in line with its ambition to evolve into a global asset management brand.
Modi govt invested Rs 44,859 cr in 3,600+ Northeast projects: Sarbananda Sonowal
Union Minister Sarbananda Sonowal criticized the Congress party's governance, highlighting the Modi government's transformative progress in the Northeast. He emphasized reduced insurgency, infrastructure development, and increased connectivity, positioning the region as a growth engine. Sonowal also underscored advancements in agriculture, healthcare, and tourism, particularly in Meghalaya, driven by substantial central grants and strategic initiatives.
Travis Kelce and Taylor Swift secretly married? NFL insider’s loose lips spark major speculation online
Rumors of a secret marriage between Taylor Swift and Travis Kelce ignited after a wedding planner's personalized envelope sparked speculation. While the couple didn't attend the mentioned wedding, they were spotted at Kelce's cousin's wedding in Tennessee.
DFCC Bank’s green bond debut first foreign corporate issuer at GIFT IFSC
DFCC Bank PLC became the first foreign corporation to list green bonds on NSE IX at GIFT IFSC, raising LKR 2.5 billion for solar energy projects. This supports Sri Lanka’s renewable goals and strengthens regional sustainable finance partnerships between India and Sri Lanka under IFSCA’s green finance vision.
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TMC helping infiltrators settle down in Bengal, alleges Union minister Bhupender Yadav
Union Minister Bhupender Yadav has accused West Bengal's TMC government of aiding illegal immigrants and overlooking rising crime, particularly attacks on women. He criticized the state's alleged inaction during incidents in Murshidabad and Sandeshkhali, emphasizing the central government's intervention to restore order.
Indian student in US duped by fake ICE agents in $5,000 scam
An Indian student in the US fell victim to a scam where individuals impersonated immigration officers. They coerced her into paying $5,000 in gift cards by falsely claiming she violated immigration laws and faced arrest. The scammers possessed detailed personal information, intensifying the deception and leaving her emotionally distressed and financially burdened.
How to save tax on your Bitcoin investments in India, legally!
Indian Bitcoin investors face a steep 30% tax and 1% TDS, hindering profitability. Bitcoin ETFs offer a tax-efficient alternative, taxed as long-term capital gains at 12.5% if held over 24 months, with no TDS. Unlike direct crypto investments, ETF losses can be offset, providing significant tax savings.
ID startups face data heat; Nykaa eases into qcomm
Happy Monday! Startups offering identity verification services are under the government’s scanner. This and more in today’s ETtech Morning Dispatch.
How you can negotiate spending on your parents
The argument that parents sacrificed a lot in early years and it is now payback time fails to see that the child is now a parent too. At the same time, the thinking that parents must expect nothing from children is discounted as being too Western in cultural orientation, while also excluding children who genuinely like to spend on their parents.
Infosys sets up development centre in Gift City with 1,000 employees capacity
Infosys has launched a new development center in GIFT City, Gandhinagar, accommodating over 1,000 employees in a hybrid model. This TechFin hub will provide advanced digital solutions for global BFSI clients, focusing on areas like digital banking and regulatory affairs. The center will utilize AI, cloud computing, and blockchain to deliver seamless cross-border services, strengthening India's position in financial technology.
Structural cracks appear to complicate qcomm's quick surge in India
India's quick commerce market is expected to grow to Rs 1.5-1.7 lakh crore by 2027, driven largely by existing trade channels. While it creates significant employment, most jobs are gig roles with limited security. Pricing and adoption across categories present ongoing challenges for the sector's future.
Taylor Swift sparks marriage rumors again with TNT bracelet — here’s why the internet is losing it
Taylor Swift's "TNT" bracelet, gifted by Travis Kelce, has ignited speculation about a possible engagement or secret wedding. Fans are closely analyzing the jewelry, interpreting it as a sign of their deepening commitment. Sources suggest Kelce may propose soon, with their relationship viewed as long-term, potentially leading to marriage and children.
Hurun India list: Meet the top-ranked woman leader with her co’s valuation at Rs 3,81,700 cr. Who else made to the list?
Hurun India and Candere launched the 2025 Women Leaders List, honoring 97 influential women shaping India’s economy. Shanti Ekambaram topped professionals, Radha Vembu led first-generation wealth creators, and Roshni Nadar Malhotra headed next-generation leaders. The list highlights leaders across sectors, including young influencers like 26-year-old Mrunal Panchal, showcasing the diverse impact of women across industries and age groups.
Ex-UK PM Rishi Sunak knows Kannada. He had to learn it to propose to Narayana Murthy's daughter Akshata
Rishi Sunak's personal connection to India deepened through his marriage to Akshata Murty, highlighted by his Kannada proposal. He embraced her Bengaluru heritage, becoming an avid Royal Challengers Bengaluru (RCB) fan, even cherishing a Virat Kohli-signed bat. Sunak celebrated RCB's recent historic IPL victory, marking a blend of cultural ties and sporting loyalty.
Eid al-Adha 2025 in the USA: Date, significance, Hajj pilgrimage schedule, history and rituals
Eid al-Adha 2025 in the United States promises to be a time of spiritual renewal and communal harmony, reinforcing Islamic teachings of sacrifice, empathy, and generosity.
Cricket back in Olympics after 100 years because of India: Former UK PM Sunak
Rishi Sunak attributes cricket's Olympic return after a century to India's growing global influence, highlighting the transformative impact of the IPL and BCCI. He emphasized the IPL's role in improving players and boosting the women's game. Sunak also expressed his support for RCB and Virat Kohli, recognizing cricket's diplomatic value in strengthening international relationships.
Amit Goenka on why Rs 4,000- crore AUM for FY26 is a reasonable target for Nisus Finance
Nisus Finance is expanding its urban infrastructure finance operations in India and the UAE. The company aims for Rs 4,000 crore in AUM by FY26. They are leveraging opportunities in both markets, including the newly listed REITs in the UAE. Nisus Finance is focusing on fund and asset management to drive future revenue growth.
Cardi B makes Stefon Diggs romance official amid messy divorce from rapper Offset. Internet says 'she hasn't learnt...'
Cardi B has made her relationship with NFL star Stefon Diggs Instagram-official as her bitter divorce from rapper Offset rages on. The Grammy winner, 32, took to Instagram Sunday to share a series of recent snaps. While some social media users expressed support for her, many called out her 'taste in men'.
Sumitomo Mitsui Banking Corporation to seek RBI Yes for licence to operate wholly owned arm
Sumitomo Mitsui Banking Corporation (SMBC) is seeking RBI approval for a wholly-owned subsidiary, signaling its intent to acquire a controlling stake in Yes Bank. Following an initial 20% stake purchase, SMBC aims to increase its holding to nearly 34%, with SBI and other banks likely to sell their remaining shares.
GIFT Nifty hits record monthly turnover of $102.35 billion in May 2025
GIFT Nifty hit a record monthly turnover of $102.35 billion in May 2025, reflecting rising global investor confidence. Since full operations began in July 2023, cumulative turnover has reached $1.93 trillion across 43 million contracts.
Metro trains start running in Indore as PM inaugurates first phase
Prime Minister Narendra Modi inaugurated Indore's metro project via video link from Bhopal, marking Madhya Pradesh's first metro rail service. Commercial operations commenced on the 'Super Priority Corridor,' a 6 km stretch with five stations named after prominent women.
RBI to review remittance scheme amid $30 bn FY25 outflows
The Reserve Bank of India is reviewing its Liberalised Remittance Scheme, which saw $30 billion in outflows in FY25, to promote rupee internationalisation. It aims to rationalise regulations, simplify compliance, and expand permitted transactions. The review also covers other foreign exchange schemes and includes reforms to curb mis-selling, strengthen financial resilience, and align rules with evolving business practices.
Technology workforce in Bengaluru crosses one-million mark; IT city among 12 global tech hubs: CBRE
The report evaluates these markets based on the availability, quality, and cost of tech talent and classifies them into three categories: Powerhouse (12 markets with large, deep, and highly competitive talent pools), Established (63 mature markets with consistent talent pipelines), and Emerging (40 growth-focused markets with improving capabilities).
Vatican hiding sacred treasures, countries demand return of indigenous artifacts
The Vatican faces increasing pressure to return Indigenous artifacts. These items, collected during Catholic missions, are now at the center of repatriation demands. Canada seeks the return of sacred objects for healing. Ecuador saw success with a shrunken head repatriation. Australia wants its ceremonial items back. Pope Francis acknowledges the need for restitution.
Baylor football player Alex Foster shot dead in Greenville, Mississippi
Baylor University is in mourning after the tragic death of 18-year-old defensive lineman Alex Foster, who was fatally shot in his hometown of Greenville, Mississippi. Foster, a highly-regarded football prospect, was found wounded in a vehicle and passed away shortly after. Police are investigating the shooting, while the community grapples with the loss of a promising young athlete.
Pokémon Legends: Z-A: How to preorder and get free gifts? See release date, platforms, setting, game cover, and Pokémon Presents date and where to watch
The Pokémon Company confirmed the release date of Pokémon Legends: Z-A as October 16, 2025. Preorders begin June 5. A new Pokémon Presents video will air on July 22. Special pre-order gifts and new Mega Evolution merchandise are now available.
Bengaluru named Global Tech Powerhouse in CBRE’s 2025 talent report
Bengaluru has been recognized as a top global tech powerhouse, ranking alongside San Francisco and London, boasting the largest tech talent pool in the Asia-Pacific region. The city's leadership in AI and robust startup ecosystem, supported by significant venture capital, contribute to its strong tech sector growth. Delhi-NCR and Mumbai also play crucial roles in India's expanding tech economy.
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