WeWork India Management IPO fully subscribed despite legal issues, QIBS leads demand
WeWork India Management’s ₹ 3,000 crore IPO closed fully subscribed at 1.15 times on the last day, mainly supported by QIBS at 1.79 times. Retail and non-institutional investor interest rates remained low. The entire offering is an OFS, with promoters offloading shares, raising governance concerns. Meanwhile, the Bombay High Court is reviewing a lapse petition in the offer documents, with the next hearing set for October 8. Read more hereFears of gold shortage grip Indian jewelers as demand rebounds despite rising prices
Gold prices continue to hit new highs, with spot rates in Mumbai closing at ₹ 1,19,941 per 10 grams and December futures on MCX crossing ₹ 1,21,000. The increase in demand, driven by investments and upcoming festivals such as Dhanteras, has raised fears of a physical gold shortage despite stable supply. Jewelers report strong festive buying and rising premiums as global prices hit $4,006 an ounce amid US political uncertainty and a government shutdown. Import slowdown, currency volatility and limited shares with refineries are contributing to supply pressure. Read more hereGovernment to roll out biometric authentication for UPI payments from tomorrow
From October 8, UPI payments can be verified using facial recognition and fingerprints, linked to Aadhaar data. This move comes in the wake of RBI’s new guidelines that enable alternative authentication methods beyond the traditional PIN. The National Payments Corporation of India (NPCI) plans to showcase the feature at the Global Fintech Festival in Mumbai. Read more hereSalaries in India likely to rise 9% by 2026 amid global economic growth uncertainties: survey
Salaries in India are expected to rise 9% in 2026, slightly higher than 8.9% in 2025, driven by strong consumption, investment and policy support, according to AON’s latest survey. Real estate and NBFCs are set to see the highest hikes, at 10.9% and 10% respectively. Other key sectors such as automotive, engineering, retail and life sciences will also see solid growth. Attrition rates have fallen to 17.1% by 2025, indicating a more stable talent landscape. Read more here
Published on October 8, 2025
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