This precision components maker might raise ₹144cr in pre-IPO placement

**This Precision Components Maker Might Raise ₹144 Crore in Pre-IPO Placement**

*By Dwaipayan Roy | Oct 05, 2025 – 06:42 PM*

Precision components manufacturer **Aequs Ltd** is planning to raise up to ₹144 crore through a pre-IPO placement. This fundraising move comes ahead of the company’s filing of its red herring prospectus (RHP), as it prepares for its initial public offering (IPO).

### IPO Structure and Placement Details

The IPO will consist of a fresh issue of equity shares worth up to ₹720 crore, along with an offer-for-sale (OFS) of up to 3.17 crore shares with a face value of ₹10 each. The pre-IPO placement, however, is capped at 20% of the fresh issue amount.

Pricing for this placement will be determined in consultation with the book running lead managers (BRLMs) overseeing the IPO process.

### Existing Shareholders and Offer-for-Sale (OFS)

Aequs’s current institutional investors include Amicus Capital Private Equity I LLP, Amicus Capital Partners, Amansa Investments Ltd, Steadview Capital Mauritius Ltd, Catamaran Ekam, and Sparta Group LLC.

In the upcoming OFS, **Amicus Capital** plans to offload the largest number of shares, approximately 2.7 crore, across its three funds. Additionally, the Melligeri Private Family Foundation and individual investor Ravindra Mariwala will be selling 13.1 lakh and 12.7 lakh shares respectively.

### Use of Proceeds

The company intends to utilize the net proceeds from the fresh equity issue for multiple purposes, including repayment of debt, capital expenditure, inorganic growth through strategic acquisitions, and general corporate purposes.

### Financial Performance in FY25

Aequs faced challenges in the fiscal year 2025, reporting a net loss of ₹102.3 crore — a significant increase from the ₹14.2 crore loss recorded in the previous fiscal year. Additionally, the company’s revenue declined by 4.2% year-on-year to ₹924.6 crore.

### Outlook

Despite recent financial setbacks, the upcoming IPO and the pre-IPO placement are expected to provide Aequs with essential capital to reduce debt and fund expansion initiatives. These steps are aimed at improving the company’s growth trajectory and returning to profitability in the future.
https://www.newsbytesapp.com/news/business/aequs-to-raise-144cr-in-pre-ipo-placement/story

Why Vedanta is planning an investment of over ₹13,220cr

Vedanta Ltd, India’s leading aluminum producer, has announced a major expansion plan. This move aims to strengthen the company’s position in the aluminum industry and meet the growing demand for aluminum products in both domestic and international markets.

The expansion plan includes increasing production capacity, adopting advanced technologies, and enhancing operational efficiency. Vedanta Ltd is committed to sustainable growth and aims to contribute significantly to India’s economic development through this initiative.

https://www.newsbytesapp.com/news/business/vedanta-to-invest-13-226cr-in-aluminum-production-expansion/story

15 Easy Ways To Save Money At The Grocery Store

Do you want to stop spending so much money at the grocery store? Here are the best ways to save money at the grocery store and eat healthy.

Grocery shopping can be expensive, especially if you’re not aware of the sales techniques that stores use. Once you know these tips and tricks, it will be easier to save money every time you shop.

Retail stores and online retailers put a lot of effort into their sales strategies to encourage you to buy more products, maximizing their profit. Fortunately, my goal is to teach you how to save money when doing groceries or visiting the store. Preparing your own meals and shopping smartly is still the cheapest way to go about it. With some smart shopping techniques, you might even manage to keep your grocery bill under $70 per month, just like me.

Today, I will share common ways stores try to make you spend more, how to avoid them, and the best ways to save money at the grocery store.

## Best Ways To Save Money At The Grocery Store

### 1. Meal Plan
Meal planning has positively impacted my life. We spend less time cooking and shopping, eat more vegetables, waste very little food, and save a lot of money. Meal planning helps you buy only what you will eat throughout the week, preventing food waste and reducing frequent trips to the grocery store.

If you struggle with eating at home, I recommend trying out the $5 Meal Plan. It’s an easy and convenient meal planning service that emails you meal plans and grocery lists tailored to those meals for just $5 per month. Their meals cost less than $2 per person and can save you time and money.
[Click here to try it out now for free!]

### 2. Make A Grocery List
Always start by making a grocery list. This helps you remember what you need and keeps you focused on buying only those items, avoiding unnecessary purchases. A grocery list also prevents you from buying duplicates of products you already have at home while forgetting essential items.

### 3. Avoid The Middle Aisles
Grocery stores are smartly designed to place fresh products like milk, bread, and produce at opposite ends of the store. This layout forces you to walk through many aisles — increasing the chances of impulse buying.

To avoid spending more, shop around the outer aisles where most essential products are located. This strategy helps you get in and out quickly without passing by tempting items in the middle aisles.

### 4. Never Buy Food Hungry
One vital lesson I’ve learned is to never go grocery shopping hungry. Shopping after work before dinner usually leads me to buy more than I need. Always eat before you go, or shop on weekends when you can shop at your convenience.

### 5. Be Cautious With Free Samples
Free food samples at stores can be tempting but beware—they often make you hungrier, leading to extra purchases. If you stick to your grocery list and eat at home beforehand, it’s easier to resist buying unnecessary items.

### 6. Eat With The Seasons
Eating seasonal produce not only tastes better but also saves you money. Out-of-season fruits and vegetables are usually more expensive due to longer transportation and storage needs. Opting for in-season produce helps keep costs down.

### 7. Stay Familiar Despite Store Layout Changes
Grocery stores periodically change their layouts to make you spend more time searching for products, increasing the chances of impulse buys. To avoid this, stick to your shopping list and focus on finding what you need, even if the store looks different.

### 8. Use a Basket Instead of a Big Cart When Possible
Big shopping carts can encourage buying more items. If your grocery list is short, opt for a shopping basket instead to avoid unintentional overspending.

### 9. Don’t Buy Things Just Because They’re on Sale
Stores use sales to bring you in, but you often end up buying other full-priced products. Only buy sale items if they’re products you regularly use. Otherwise, sales can lead to overspending. If you find it hard to resist sales, try a no-spend challenge to improve your discipline.

### 10. Don’t Buy Bottled Water
In most western countries, tap water is safe and free. Buying bottled water wastes money and contributes to plastic pollution. If you don’t trust tap water, invest in a water filter or filter bottle to save money and reduce waste.

### 11. Avoid Brand Names
Generic or store-brand items often come from the same factories as brand-name products but cost less. Don’t pay extra just for a label—give store brands a try and save on your grocery bill.

### 12. Eye Level Is Buy Level
Items placed at eye level tend to be the most expensive because stores want you to see and buy them first. Lower and higher shelves usually hold cheaper options. Check all shelf levels before buying to find the best deals. Notice how products for kids are even placed lower where they can easily see them.

### 13. Beware of Precut Items Markups
Precut fruits, vegetables, and meats are convenient but come at a premium price and generate more plastic waste. For example, precut carrots can cost nearly three times more than whole carrots. Buying whole produce and preparing it yourself will save you money.

### 14. Watch Out for Sale Items at Checkout
Grocery stores place small sale items and impulse buys near the checkout lines hoping you’ll grab them out of convenience. Be mindful when you wait in line to avoid unnecessary purchases.

### 15. Understand Different Pricing Tactics
Stores use several tactics to make products appear cheaper:
– **Psychological pricing:** Items priced at $1.99 instead of $2 seem less expensive, even though the difference is minimal.
– **Bulk discounts:** Offers like “11 for $20” encourage you to buy more than you need. These deals might not save much money if you don’t truly need that quantity.

Always buy only what you need, not just because of discounts.

By following these tips, you can become a smarter shopper and reduce your grocery expenses significantly without sacrificing quality or nutrition. Happy shopping and saving!
https://radicalfire.com/save-money-grocery-store/

Avalanche (AVAX) Price Analysis: Can It Hold Above $30 and Aim Higher?

Avalanche (AVAX) is currently testing the significant $30 support level as traders closely monitor whether the altcoin can maintain its momentum and push toward higher targets.

Market sentiment and technical indicators are expected to play a crucial role in shaping AVAX’s next move.

As the native token of the Avalanche blockchain, AVAX holds a market capitalization of approximately […], highlighting its notable presence in the cryptocurrency landscape.

Investors and analysts alike are watching the price action carefully to determine if the support at $30 will hold or if further adjustments are on the horizon.
https://www.tronweekly.com/avalanche-avax-price-analysis-can-it-hold-above/

Reliance begins talks with banks for Jio IPO

**Reliance Begins Talks with Banks for Jio IPO**

*By Akash Pandey | Oct 03, 2025, 06:43 PM*

Reliance Industries Limited (RIL) has initiated informal discussions with banks regarding a potential initial public offering (IPO) of its subsidiary, Reliance Jio Infocomm Limited, according to Bloomberg. This move could set a new benchmark by becoming India’s largest-ever IPO.

A formal process for the IPO is expected to commence by the end of this month, with RIL likely to officially appoint investment bankers in November.

**Financial Prospects**

Reliance plans to sell only 5% of Jio during the IPO, which could raise more than $6 billion. This figure would significantly surpass the previous record of $3.3 billion raised by Hyundai Motor India Ltd.’s IPO in 2024.

Mukesh Ambani, billionaire chairman of RIL, had earlier indicated that the Jio listing might occur in the first half of 2026.

**About Jio**

Reliance Jio Infocomm Limited is India’s largest wireless carrier, boasting approximately 500 million subscribers. The ongoing discussions about the IPO are still in the early stages, and details such as the size and timing of the offering may change.

A spokesperson for Reliance has not yet commented on these developments.
https://www.newsbytesapp.com/news/business/reliance-initiates-informal-talks-for-jio-ipo/story

OpenAI Now Worth $500 Billion

OpenAI Could Now Be the World’s Most Valuable Startup, Surpassing SpaceX and ByteDance

OpenAI has potentially become the world’s most valuable startup, outpacing Elon Musk’s SpaceX and TikTok’s parent company ByteDance, following a secondary stock sale aimed at retaining employees at the ChatGPT maker.

Current and former OpenAI employees sold $6.6 billion in shares to a group of investors, pushing the privately held artificial intelligence company’s valuation to $500 billion, according to a source familiar with the deal who was not authorized to speak publicly.

### Investors and Valuation

The investors purchasing the shares included Thrive Capital, Dragoneer Investment Group, T. Rowe Price, Japanese tech giant SoftBank, and the United Arab Emirates’ MGX, the source revealed on Thursday. This valuation reflects high expectations for the future of AI technology and continues OpenAI’s remarkable trajectory from its beginnings as a nonprofit research lab in 2015.

### Profitability and Market Concerns

However, with the San Francisco-based company not yet turning a profit, concerns about an AI bubble may intensify. Skeptics worry that if the generative AI products from OpenAI and its competitors fail to meet investor expectations, the billions poured into research and development could be at risk.

OpenAI CEO Sam Altman has recently sought to ease such concerns. During a tour last week of a massive data center complex being built in Abilene, Texas, to run the company’s AI systems, Altman said:

> “Between the ten years we’ve already been operating and the many decades ahead of us, there will be booms and busts. People will overinvest and lose money, and underinvest and lose a lot of revenue.”

He added, “We’ll make some dumb capital allocations and see short-term ups and downs, but over the arc that we have to plan over, we are confident that this technology will drive a new wave of unprecedented economic growth, along with scientific breakthroughs, improvements to quality of life, and new ways to express creativity.”

### New Business Ventures

Just this week, OpenAI launched two new business ventures: a partnership with Etsy and Shopify to enable online shopping through ChatGPT and a social media app called Sora for generating and sharing AI videos.

### Competition and Compensation Challenges

The stock sale marks a first for OpenAI, which has struggled to offer investors and staff the same perks and compensation as other companies. In particular, Facebook parent Meta Platforms has been aggressively hiring top AI engineers and, in June, made a $14.3 billion investment in AI company Scale, which recruited its CEO Alexandr Wang.

### Corporate Structure and Regulatory Scrutiny

OpenAI’s for-profit subsidiary, currently valued at $500 billion, is technically controlled by the board of OpenAI’s nonprofit, with both entities still bound to pursue the nonprofit’s charitable purpose.

The company’s partnerships with major corporations and plans to alter its corporate structure have attracted scrutiny from regulators, including the attorneys general of California and Delaware, who oversee charities operating or incorporated in their states.

### Recent Partnerships and Strategic Moves

In recent weeks, OpenAI has made significant deals with Oracle and SoftBank for a data center venture called Stargate, as well as with chipmaker Nvidia, which supplies the specialized AI chips necessary for these data centers.

At the same time, OpenAI has reduced its reliance on longtime backer Microsoft. In September, the company announced it had reached a tentative agreement with Microsoft regarding the future stake of its nonprofit in its for-profit corporation, though few details were shared.

### Grants to Support AI Understanding and Economic Opportunity

OpenAI also opened applications for nonprofits to apply for $50 million in funding, an initiative launched following recommendations from an advisory board. The grants aim to support projects that increase public understanding of AI, promote the design of AI based on community needs, and boost economic opportunity.

The deadline to apply for these grants closes on October 8.

OpenAI’s rapid growth and ambitious plans highlight the company’s potential to reshape the AI industry and broader economy, even as questions about profitability and market sustainability remain.
https://www.deccanchronicle.com/technology/openai-now-worth-500-billion-possibly-making-it-the-worlds-most-valuable-startup-1907655

Two Edelweiss Entities Settle Alternative Investment Fund Rules Violation Case With SEBI After Paying ₹61.4 Lakh Settlement Charge

**Edelweiss Entities Settle Sebi Case Over Alleged AIF Rule Violations**

*New Delhi:* Two Edelweiss entities have reached a settlement with market regulator Sebi in a case involving alleged violations of alternative investment fund (AIF) rules. Collectively, they paid Rs 61.4 lakh towards settlement charges.

The entities involved – Edelweiss Stressed and Troubled Assets Revival Fund Trust and Edelweiss Alternative Asset Advisors Ltd – were also directed by Sebi that their officers-in-default will be barred from engaging with the company for 12 months.

“The instant adjudication proceedings initiated against the noticees, Edelweiss Stressed and Troubled Assets Revival Fund Trust and Edelweiss Alternative Asset Advisors Ltd, vide show cause notice dated July 12, 2024, are hereby disposed of,” said Sebi’s adjudicating officer Sudeep Mishra in the order dated Tuesday.

The order followed the filing of two settlement applications by the entities, proposing to settle proceedings initiated against them through the show-cause notice issued on July 12, 2024, without “admission or denial of the findings of fact and conclusions of law.”

### Background of the Case

The case originated from complaints lodged on SCORES, Sebi’s online grievance platform, alleging lapses in governance and conflict management against the Edelweiss-managed AIF.

According to the regulator, Edelweiss Stressed and Troubled Assets Revival Fund Trust failed to act in the interest of investors and did not exercise independent professional judgment, thereby violating Sebi’s norms.

Furthermore, Edelweiss Alternative Asset Advisors Ltd was found to have failed to carry out AIF activities in accordance with the Private Placement Memorandum (PPM) and submitted inaccurate information to the trustee in the compliance test report for the financial year 2016-17, constituting further violations of AIF regulations.

Following these findings, Sebi issued a show-cause notice to the entities on July 12, 2024.

### Settlement and Corrective Actions

After receiving the show-cause notice, the entities submitted revised settlement terms. These were approved by Sebi’s high-powered advisory committee, and the settlement amount was duly paid and confirmed by the regulator.

Edelweiss also informed Sebi of corrective measures undertaken, including:

– Formation of a fund board comprising independent members
– Establishment of a governance committee to monitor conflict situations
– Imposition of a one-year ban on officers-in-default from associating with the company

Sebi emphasized that the settlement is without prejudice to its right to reopen the matter should any disclosures be found false or incomplete.

*Disclaimer: This story is from a syndicated feed. No changes have been made except to the headline.*
https://www.freepressjournal.in/business/two-edelweiss-entities-settle-alternative-investment-fund-rules-violation-case-with-sebi-after-paying-614-lakh-settlement-charge

Rupees negative drift demands central bank firepower

By Nimesh Vora

**MUMBAI (Reuters)** – The Indian rupee is anticipated to face a difficult session on Friday, with most traders predicting that the central bank will likely intervene to prevent the currency from hitting a new all-time low.

The 1-month non-deliverable forward indicated the rupee will open flat to slightly weaker versus the U.S. dollar compared to Wednesday’s close of 88.69. India’s financial markets were closed on Thursday.

The rupee has been pressured in recent weeks by relentless dollar demand from importers, with sentiment remaining firmly skewed against the currency amid equity outflows and U.S.-India trade frictions. The Reserve Bank of India (RBI) has been stepping in to ensure the rupee’s decline remains orderly.

Central bank Governor Sanjay Malhotra reiterated earlier this week that the RBI is not defending any particular level of the currency and is instead focused on containing volatility and keeping moves measured.

The RBI support is “keeping things calm” for now, a currency trader at a bank said. However, overall sentiment remains weak, and the market wants to test the downside, he added.

Currency traders are closely watching the 88.80 level — the lifetime low for the rupee hit on Monday. With broad dollar demand keeping the pressure on, this level is seen as a key marker for potential intervention or a pause in the currency’s slide.

### Asian Cues

Asian cues did not lend any particular direction to the rupee on Friday, with peers mixed and the dollar index marginally higher.

A U.S. government shutdown has paused the release of key economic data, including Friday’s closely watched September jobs report, depriving markets of an important gauge for the Federal Reserve’s rate outlook.

With the official jobs report on hold, Wednesday’s private payrolls data drew heightened attention. The weak reading has increased expectations of a Federal Reserve rate cut this month.

“We could see a longer tail effect from the private jobs data, given the uncertainty around the payrolls release,” ING Bank said in a note.

### Key Indicators:

– One-month non-deliverable rupee forward at 88.86; onshore one-month forward premium at 14 paise
– Dollar index up at 97.86
– Brent crude futures up 0.3% at $64.3 per barrel
– Ten-year U.S. note yield at 4.1%
– As per NSDL data, foreign investors sold a net $453.4 million worth of Indian shares on September 30
– NSDL data shows foreign investors sold a net $12.1 million worth of Indian bonds on September 30
https://www.livemint.com/market/stock-market-news/rupees-negative-drift-demands-central-bank-firepower-11759460300977.html

Stablecoins to hit $1.9T as trust surpasses fees in exchanges

A Citi (NASDAQ: C) report has predicted that the stablecoin market will achieve a $1.9 trillion valuation by the end of the decade in its base case scenario, while leaving room for an additional growth spurt. Citi analysts described stablecoins as the “ChatGPT moment” for the institutional adoption of blockchain technology.

Akin to the rise of artificial intelligence (AI) chatbots, the report anticipates stablecoins will experience significant growth in valuation over the coming years. While Citi forecasts a $1.9 trillion base case valuation for the asset class, the report also suggests stablecoins could climb to $4 trillion by the end of 2030 in its bull case scenario.

Currently, the global stablecoin market capitalization sits at $307 billion, up from $200 billion at the start of 2025. Citi bases its prediction on the 58% growth stablecoins achieved in 2025 alone, with analysts forecasting that this upward trend will continue through the decade.

### Growing Momentum in Stablecoin Projects

Aside from the strong performance in 2025, Citi analysts have highlighted an influx of stablecoin project announcements within the ecosystem. Early in the year, Trump-backed World Liberty Financial (WLF) entered the stablecoin race with the launch of USD1. Additionally, a number of U.S.-based financial institutions are planning their own stablecoin rollouts.

Citi attributes this surge in stablecoin initiatives to fresh regulatory support in the U.S., notably marked by the signing of the GENIUS Act by U.S. President Donald Trump.

### Use Cases and Industry Impact

While use cases for stablecoins have expanded to include domestic and cross-border payments, Citi notes that the stablecoin boom will not completely overhaul the existing financial system. Instead, analysts view this innovation as continued progress toward smarter, more efficient finance.

“We don’t believe crypto will burn down the existing system,” the Citi report reads. “Rather, it is helping us reimagine it.”

The report points out that domestic payments systems are already capable of processing payments in real-time and at low costs, providing stiff competition for stablecoins. However, cross-border payments remain the primary use case for stablecoins, with fintech firms and traditional financial institutions making significant progress to reduce settlement times and fees.

### Challenges Facing Stablecoins

Despite the positive outlook, Citi’s forecast also acknowledges several challenges within the stablecoin sector.

– **Regulatory Uncertainty:** Outside the U.S., regulatory frameworks remain unclear, hindering global adoption.
– **Reserve Transparency:** Questions about the reserves backing stablecoins continue to be a concern for issuers.
– **Market Manipulation Allegations:** Some stablecoins have faced accusations related to market manipulation.
– **High-Profile Collapses:** Failures such as TerraUSD (UST) have raised fears over collateral transparency, prompting tighter regulatory measures.

### Digital Asset Exchange Users Prioritize Trust Over Low Fees: Kraken Survey

Mark Greenberg, global head of consumer at Kraken, revealed that U.S. digital asset users are not blindly chasing low fees but instead are weighing several factors when choosing an exchange.

The survey found:

– Only 16% of respondents cited fees as the primary consideration when selecting an exchange.
– 26% identified trustworthiness as the most important factor.
– 14% prioritized security features.

“As the market matures, investors value long-term confidence over short-term savings,” said Greenberg. “People want to know their assets are safe, that the platform is reliable, and that they can access the tools they need without unnecessary complexity.”

Interestingly, regulatory compliance was not a major concern for many users; only 6% said it influenced their exchange choice. Customer support was a significant factor for just 7% of respondents.

Given the variety of considerations, 44% of survey participants maintain accounts with at least two digital exchanges, while nearly 26% use over three platforms. This diversification allows users to manage platform risk and access a broader range of listings.

Kraken’s report also noted that trading volumes on decentralized exchanges have surged by 259% since 2024, driven by the increasing popularity of platforms like Hyperliquid and Astar.

### Stiff Competition Among U.S. Exchanges

While Coinbase (NASDAQ: COIN) holds the largest market share among digital asset exchanges, several competitors are eager to expand their presence.

Kraken is considering going public, with plans to raise funds ahead of a tentative IPO in 2025, following the footsteps of Gemini and Coinbase.

However, amid this flurry of IPO activity, a race for regulatory compliance is intensifying among U.S.-based exchanges. This competitive atmosphere is compounded by recent security concerns, including customer data leaks at Coinbase and critical bugs at Kraken. These issues have led users to approach exchange selection with increased caution.

### Watch | MiCA and the Future of Stablecoins: What Comes Next for Tether?

[Embedded YouTube video player]

The stablecoin market stands at a pivotal point, poised for significant growth amid supportive regulation, rising adoption, and evolving use cases. However, challenges related to regulatory clarity and security remain critical areas to watch as the industry matures.
https://bitcoinethereumnews.com/tech/stablecoins-to-hit-1-9t-as-trust-surpasses-fees-in-exchanges/?utm_source=rss&utm_medium=rss&utm_campaign=stablecoins-to-hit-1-9t-as-trust-surpasses-fees-in-exchanges

Elon Musk halfway to becoming world’s first trillionaire – report

WASHINGTON, United States — Billionaire Elon Musk, the world’s richest person, is nearly halfway to becoming the planet’s first trillionaire, Forbes magazine reported Wednesday.

The Tesla and SpaceX CEO became the first person to achieve a net worth of $500 billion, albeit briefly, as the shares in his electric vehicle company rebounded following a clumsy stint.

https://business.inquirer.net/550439/elon-musk-halfway-to-becoming-worlds-first-trillionaire-report