🏦 Pine Labs to Launch ₹3,500 Crore IPO on November 07
Fintech major Pine Labs is all set to debut on the stock markets with its IPO opening on November 07, 2025.
The issue will comprise a fresh issue worth ₹2,080 crore and an offer for sale (OFS) of up to 8.23 crore shares by existing investors such as Peak XV Partners, Actis, PayPal, Temasek, and Invesco.
The overall IPO size is expected to touch ₹3,500 crore once the price band is finalized. The proceeds from the fresh issue will be utilized to repay debt and strengthen IT and digital infrastructure, including the company’s cloud capabilities. Pine Labs, known as India’s largest issuer of gift cards, aims to leverage this fundraise to deepen its fintech footprint.
💰 Bank of Baroda Q2FY26 Profit Dips 8.19% YoY
Bank of Baroda (BOB) reported a net profit of ₹4,809 crore for the quarter ended September 2025, a decline of 8.19% year-on-year, primarily due to a 32% fall in other income.
However, Net Interest Income (NII) rose 2.7% YoY to ₹11,954 crore, and provisions nearly halved to ₹1,232 crore. Despite the profit dip, BOB’s performance beat analyst estimates, propelling its stock to 52-week highs.
The bank’s loan book remains tilted toward Retail, Agriculture, and MSME (RAM) sectors, which form 62% of its portfolio. The share of the RAM segment is expected to expand to 65% in FY26, reflecting BOB’s retail-focused strategy.
📈 Market Cap Movements: Reliance Leads Weekly Gains
The combined market capitalization of four out of the ten most valuable NSE-listed companies rose by a whopping ₹95,447 crore in the week gone by, led by Reliance Industries.
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Gainers: Reliance Industries (+₹47,431 crore), SBI (+₹30,092 crore), Bharti Airtel (+₹14,540 crore), and LIC (+₹3,384 crore).
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Losers: Bajaj Finance (-₹29,090 crore), ICICI Bank (-₹21,619 crore), Infosys (-₹17,822 crore), HUL (-₹11,924 crore), HDFC Bank (-₹9,548 crore), and TCS (-₹1,682 crore).
The divergence reflects sector-specific performance and rotation of institutional money across market heavyweights.
🌍 FPIs Pour ₹13,397 Crore into Government Securities in October
Foreign Portfolio Investors (FPIs) turned net buyers of ₹13,397 crore in government securities via the Fully Accessible Route (FAR) in October 2025, marking the highest debt inflow in seven months.
The surge came on the back of a stable rupee outlook, prospects of a trade deal with the US, and favorable interest rate differentials.
With the RBI expected to ease monetary policy further, foreign investors continue to see value in India’s fixed-income space. As of October-end, FPI holdings in G-secs hit a record ₹3.17 trillion.
🧾 GST Registration Simplified for Small Businesses
From November 2025, the simplified GST registration process will go live, aimed at small and low-risk businesses. Eligible businesses—those with self-assessed output tax liability under ₹2.5 lakh per month—will now receive GST registration within just three working days.
This reform, based on past compliance data, is expected to boost business formalization. Currently, around 1.54 crore businesses are registered under GST, and this simplification could drive a significant increase in participation.
💼 Berkshire Hathaway’s Cash Hoard Swells to $382 Billion
Warren Buffett’s Berkshire Hathaway continues to amass record cash reserves, with its cash pile rising to $382 billion in Q3FY25.
This marks the twelfth consecutive quarter of the company being a net seller of equities. Interestingly, no stock buybacks were recorded this quarter either.
Despite conservative capital deployment, operating profits surged 34%, underscoring the resilience of Berkshire’s core businesses.
🌏 World News Highlights
🛍️ Government Considers Allowing Foreign E-Commerce Inventory for Exports
The Ministry of Commerce and Industry has begun discussions on allowing e-commerce companies with majority foreign ownership to hold their own inventory for export purposes.
This proposal aims to boost India’s export potential amid rising US tariffs. Currently, such companies can only function as marketplaces domestically and cannot hold inventory. The move, if cleared, could enhance export competitiveness without disrupting local retail players.
📊 GST Collections Touch ₹1.96 Trillion in October
Despite recent GST rate cuts, collections remain robust.
October’s gross GST collection stood at ₹1.96 trillion, up 4.6% YoY, outperforming August and September figures. However, net revenues grew modestly to ₹1.69 trillion, largely due to a 40% surge in refunds as businesses rushed to utilize input tax credits (ITC).
The November collections are expected to capture the festive season demand surge, further validating the positive impact of rate rationalization.
🔍 Key Takeaways
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Pine Labs IPO to test investor appetite for fintechs post-2024 listing lull.
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BOB’s strong retail push offsets lower other income.
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RIL and SBI continue to dominate market cap gains.
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FPI debt inflows signal renewed global confidence in India’s macro story.
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Simplified GST norms to accelerate business formalization.
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Berkshire’s massive cash hoard hints at caution amid global uncertainty.
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