WeWork IPO sees 13% subscription on day 2, retail demand at 0.37x

WeWork India’s ₹3,000-crore IPO saw muted demand with just 13 per cent subscription on day two. The issue, priced between ₹615 and ₹648 per share, closes on October 7 and is entirely an offer for sale, with no proceeds going to the company. Anchor investors committed ₹1,348 crore ahead of the IPO. Brokerages are cautious, citing strong brand and profitability but raising concerns over high valuations and fixed costs. Read more here

Eli Lilly to invest $1 billion in new contract manufacturing facility in Hyderabad

Eli Lilly and Company will invest over $1 billion in new contract manufacturing operations in India, starting with a facility in Hyderabad. The hub will support Lilly’s manufacturing network with advanced technical and quality capabilities. Hiring has begun across engineering, science, and management roles. The move reflects Lilly’s global expansion strategy and confidence in India’s talent and infrastructure. Since 2020, the company has committed over $55 billion to global facilities supporting treatments for conditions like diabetes, Alzheimer’s, cancer, and more. Read more here

SIT to probe death of 14 children in MP; cough syrup maker in Tamil Nadu booked

A 12-member Special Investigation Team (SIT) has been formed to probe the death of 14 children in Chhindwara due to suspected renal failure, linked to the consumption of a “toxic” cough syrup, officials said, and Dr Praveen Soni has been arrested and suspended for alleged negligence. The state has banned the syrup, manufactured in Tamil Nadu, and launched a wider investigation. Protests and a possible doctors’ strike are set to begin, while the Opposition demands stronger government action. Tests show the syrup contained diethylene glycol, a harmful chemical, prompting nationwide scrutiny of similar drugs. Read more here

Bihar Assembly polls to be held in two phases on November 6 and 11; counting on November 14 Bihar assembly elections will be held in two phases on November 6 and 11, with vote counting on November 14, the Election Commission announced. The process will conclude by November 16. Polling will cover 121 seats in phase one and 122 in phase two. Deadlines for nominations and withdrawals vary by phase, with scrutiny set for October 18 and 21. Bihar has 243 constituencies, including 40 reserved for SCs and STs. Read more here

Published on October 7, 2025