*Financial News* 
Source: Leading newspapers
Compiled by RUDRA SHARES
Vande Mataram
Wednesday, 19 November 2025

 *Capital Markets & IPOs* 
• Milestone Gears files draft papers to raise Rs 1,100 crore via IPO
• Capillary Technologies India IPO fully subscribed on final day
• PhysicsWallah shares close 44% higher than IPO price on debut, beating estimates
• Sudeep Pharma sets price band at Rs 563-593; IPO values firm near Rs 6,700 crore
• Four investors including SageOne pick Rs 10.6 crore worth shares in Gallard Steel via anchor book
• Excelsoft Technologies raises Rs 150 crore from 10 anchor investors ahead of Rs 500-crore IPO

 *Markets & Investment Flows* 
• Sensex target 107,000 by 2026-end, says Morgan Stanley; markets to regain momentum
• FIIs net sold Indian equities worth Rs 729 crore; DIIs bought Rs 6,157 crore
• SAIF III Mauritius, SAIF Partners sell nearly 2% stake in Paytm for Rs 1,556 crore
• Blackstone sells 9.5% stake in Mphasis
• FPIs favour Indian debt inclusion in Bloomberg Index
• FPIs pull out over Rs 1 lakh crore in September quarter

 *Corporate & Industry* 
• Tenneco Clean Air India shares expected to make a decent stock market debut
• Devyani, Sapphire Foods rise as KFC and other food brands may enter railway stations
• Mankind Pharma hit by domestic slowdown, slow BSV synergy and GST 2.0, but margin guidance intact
• RP-Sanjiv Goenka to acquire 40% stake in luxury label FSP Design for Rs 455.17 crore
• Azad Engineering inks long-term aircraft engine parts deal with Pratt & Whitney Canada
• Volkswagen slows India EV spending, exploring new investment strategy
• Japan’s Kirin in talks to exit Bira 91 maker B9 Beverages amid financial strain
• Delhi HC upholds bar on Aqualite selling slippers similar to Relaxo
• DHL India leases 417k sq ft warehouse near Mumbai
• Adani overtakes Vedanta in Jaypee rescue race
• Reliance buys 1 million barrels of crude from Kuwait’s KPC, say trade sources
• Domestic aviation industry’s loss may widen to Rs 9,500-10,500 crore this fiscal: Report 

*Macro Economy & Policy* 
• Sharp disagreements over US economy threaten Federal Reserve interest rate cut
• US curbs disrupt Russia’s trade flow with India
• Government mulls restrictions on medical cover costs; stricter disclosure norms under review
• Centre considers premium caps and tighter rules as health insurance costs surge
• Wage growth and jobs to drive earnings and economic momentum, says INVasset’s Anirudh Garg

 *Banking, Finance & Insurance* 
• SBI’s Setty calls for national financial grid and digital payment intelligence body to combat fraud
• Life insurers should simplify products and expand rural reach, says IRDAI’s Swaminathan Iyer
• Capital crunch and poor asset quality destabilise small microfinance institutions
• NARCL acquires Rs 1,000-crore debt of Entertainment City for Rs 711 crore
• ED widens probe into 50+ entities in penny stock laundering case

Jai Hind
Rudra Hai to Mudra Hai
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