JSA Advocates & Solicitors (JSA), in association with ETCFO, hosted a roundtable titled "Strategic Approaches to Late-Stage Funding and Exit Strategies." By combining expert case studies and peer insights, this session provided participating leaders with a deeper and more nuanced understanding of how to navigate the complexities of governance and compliance.

The Indian equity markets are facing a short-term pressure because of the moderating corporate earnings and the rising geopolitical tensions, highlighted a report by Motilal Oswal.

India Inc saw 551 deals worth $19 billion in the July-September period, clocking highest quarterly deal volumes in two years, a report showed on Monday.

Indian equity indices opened in the green on Monday following global cues from the US and Asian markets.

For Crisil, overall, there were 506 upgrades and 184 downgrades. The credit ratio increased to 2.75 times in the first half of this fiscal from 1.79 times in the second half of last fiscal. This highlights the sustained strengthening of India Inc's credit quality.

Lenders in India are seeing negative impacts from extreme weather conditions, such as heatwaves, floods, and expected harsh winters, on their loan portfolios, affecting collection efficiency and sales. Financial institutions stress the need for climate-specific solutions and structural reforms to mitigate these risks.

Leading credit ratings agencies on Tuesday highlighted the sustained strengthening of India Inc's credit quality, reflecting resilient domestic growth supported by the government's continued policy support.

The upgrades were backed by stronger profits, successful project completions, and lower input costs, despite a 160 bps rise in borrowing costs. Amongst all the sectors, Hospitality performed the best after rebounding from Covid while Textiles & Apparels and Chemicals & Petrochemicals experienced overall downgrades.

Promoters of around 180 companies have sold stock worth over ₹40,000 crore in the September quarter, capitalizing on the market rally. This trend is driven by high valuations and various strategic reasons. Prominent sales include those by InterGlobe Aviation, Ambuja Cements, and Patanjali Foods.

As far as public spending is concerned, Finance Minister Nirmala Sitharaman in the Budget proposed to raise the capital expenditure target by 11.1 per cent to record Rs 11.11 lakh crore for 2024-25. This is 3.4 per cent of the country's GDP.

PhysicsWallah, an online coaching platform, has raised $210 million in a funding round led by Hornbill Capital and Lightspeed, valuing the company at $2.8 billion. The funds will be used to expand its offline presence and diversify into new regions. PhysicsWallah's revenue has grown significantly, with a focus on student outcomes and community building.

The IPO comprises a fresh equity sale of Rs 2,500 crore and an offer-for-sale component, allowing existing shareholders to divest their holdings. HDB Financial Services, a major NBFC, focuses on retail and commercial customers with a diversified portfolio of financial products and services.

Swiggy Ltd., an Indian food-delivery platform, is planning to file for its domestic IPO soon, aiming to raise over $1 billion. The company is awaiting approval from India's Securities and Exchange Board. Swiggy competes with Zomato, Amazon India, and Tata Group's BigBasket in the food delivery market.

Hexaware Technologies has filed a draft red herring prospectus with SEBI to raise ₹9,950 crore through an IPO. The offering will be an offer for sale from CA Magnum Holdings, affiliated with Carlyle Group. Hexaware, delisted in 2020, reported a profit of ₹997.6 crore in 2023, with revenue growing by 12.8% to ₹10,380.3 crore.

September is set to be the busiest month for IPOs in 14 years, with over 15 companies entering the market. Companies like Bajaj Housing, PN Gadgil Jewellers, and Kross Limited are among those launching IPOs. Strong investor demand and buoyant secondary markets are driving this surge, with recent IPOs showing good returns.

What was seemingly a very shallow and restricted market of less than 500 interested parties for each share sale on average four years ago now draws applications that run into six figures. Statistics show from just 408 applicants on average in FY20 and 511 in FY21, these SME IPOs drew a staggering 2,19,000 applications so far in FY25.

The dip in growth was driven primarily by a downturn in agriculture-linked sectors such as fertilisers, seasonal factors, and the impact of general elections on construction-linked industries.

Corporate India's June quarter earnings expectations hit a low not seen since the immediate aftermath of the Covid shutdowns. The upgrade-to-downgrade ratio fell to 40%, reflecting a slowdown in demand, with 393 companies facing downgrades and 247 companies seeing upgrades. Analysts expect the earnings situation to improve from September 2024 onward.

​FMCG companies reported a sequential sales pickup and are optimistic due to the satisfactory monsoon progress. The overall profit slowdown is significant, as it impacts the calculation of gross value added, leading RBI to lower its GDP forecast for Q1FY25, reflecting moderation in corporate profitability.

India's JSW Cement filed draft papers for an initial public offering worth up to 40 billion rupees ($476.7 million) on Friday, aiming to cash in on the country's booming stock market and strong demand for the building material.