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🔒 Gensol Founder’s Ban Derails IPO Ambitions

Anmol Singh Jaggi, founder of Gensol Engineering, is in regulatory hot water. Sebi has barred him and his brother from board roles and trading in securities over fraud and forgery charges. The fallout? The ₹750 crore Matrix Gas IPO is off, and Blu-Smart’s 2026 listing plans look shaky. Investors are spooked, especially with Gensol having lent over ₹380 crore to both companies. Blu-Smart also faces operational issues in key cities. As one proxy advisory expert put it: “Trust is broken.” Jaggi has vowed to contest the order.

📈 NSE’s Unlisted Frenzy Before IPO

In a sharp turnaround, NSE’s investor base has nearly tripled in three weeks, following the activation of its ISIN code on March 24, which slashed share transfer times from four months to a single day. With unlisted shares now trading freely between ₹700 and ₹2,260, and a market cap of ₹4 trillion, investor appetite is clear. The IPO now hinges on Sebi’s approval, but the market is ready.

💻 Wipro: Profits Up, Growth Still Missing

Wipro posted a 2.7% dip in revenue for FY25—its second straight year of decline—despite a 19% jump in profit thanks to tighter cost controls. CEO Srinivas Pallia remains cautious, forecasting a further revenue dip of up to 3.5% in the current quarter. European markets weighed heavily on performance, and while large deals came in, client hesitancy and global uncertainties continue to cloud the outlook.

🚛 Isuzu Becomes India’s CV Export Leader

Isuzu Motors India clocked a 24% jump in commercial vehicle exports, becoming the top CV exporter in FY25. Its Sri City plant, which recently rolled out its 100,000th vehicle, supplies to markets across Asia and the Middle East. With global-standard manufacturing and a growing portfolio, Isuzu’s ‘Made in India’ bet is paying off.

🇮🇳🤝🇪🇺 India-EU FTA Talks Accelerate

As trade tensions rise globally, India and the EU are racing to finalise a free trade agreement by end-2025. Key negotiation points? Lower duties on Indian textiles (currently at 14% in the EU) in exchange for reduced tariffs on EU alcoholic beverages (currently 150% in India). The Indian textile sector sees this as a potential game-changer, predicting a doubling of exports and up to 700,000 new jobs. The next round of talks kicks off in May in New Delhi.