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June 24, 2025

Ellenbarrie Industrial IPO opens for subscription. Should you bid?

Kolkata-based Ellenbarrie Industrial Gases Ltd (EIGL), one of India’s oldest industrial gas manufacturers, opened its Rs 852.5 crore IPO on June 24, with the issue set to close on June 26. Ahead of the opening, the company's grey market premium (GMP) stood at around Rs 7.The public issue comprises a fresh issue of Rs 400 crore and an offer for sale (OFS) of 1.13 crore equity shares. The company has already raised Rs 256 crore from anchor investors ahead of the offering.The price band is fixed at Rs 380–400 per share with a minimum lot size of 37 shares. The listing is proposed on both NSE and BSE.Founded over five decades ago, EIGL manufactures and supplies a wide range of industrial gases such as oxygen, nitrogen, argon, and acetylene, along with specialty gases, medical gases, and cr

June 24, 2025

Akasa Air resumes flights to Middle East

Akasa Air on Tuesday said it has begun progressively restoring its flight operations to and from the Middle East, following the easing of airspace restrictions and the reopening of several regional airports. The airline said it is operating in full compliance with international aviation authorities and established safety protocols.The update comes a day after Qatar and other Gulf nations had temporarily shut their airspaces due to tensions between Iran and Israel. This had led to temporary airspace closures and flight cancellations.“We understand that the current situation may have impacted your travel plans, and sincerely regret the inconvenience,” the airline said in a statement issued to passengers. Akasa Air advised affected customers to check their flight status before heading to

June 24, 2025

Axiom-4 now targeting June 25 launch

Indian astronaut Shubhanshu Shukla's Axiom-4 mission to the International Space Station is now eyeing a launch on June 25, NASA announced on Tuesday. The Axiom-4 mission, which marks the return to space for India, Hungary, and Poland, was earlier scheduled for lift-off from NASA's Kennedy Space Centre in Florida on June 25 onboard SpaceX's Falcon 9 rocket at 12:01 pm IST on Wednesday. "NASA, Axiom Space, and SpaceX are targeting 2:31 a.m. EDT (12:01 IST), Wednesday, June 25, for launch of the fourth private astronaut mission to the International Space Station, Axiom Mission 4," a NASA statement said. The Axiom-4 commercial mission is led by Commander Peggy Whitson, with Shukla as mission pilot and Hungarian astronaut Tibor Kapu and Poland's Slawosz Uznanski-Wisniewski as mission specialist

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