Media Graph

Introduction

In 2014, a headline began circulating online claiming that Sri Sri Ravi Shankar had a “fake degree.” The phrase spread rapidly across social media and was picked up by various news platforms, leading many to question his credibility.

However, when examined carefully, the reality behind this claim is far less dramatic. What initially appeared to be a personal scandal turns out to be a case of misinterpretation and incomplete reporting. This article presents a clearer, fact-based account of the situation—exploring his background, the actual issue, and why the accusation does not hold up under scrutiny.

Who Is Sri Sri Ravi Shankar?

Sri Sri Ravi Shankar, widely known as Gurudev, was born on May 13, 1956, in Tamil Nadu, India. He is the founder of the Art of Living Foundation, established in 1981, which operates in over 180 countries and has impacted hundreds of millions of people through programs in meditation, yoga, and social service.

He is a globally recognized figure, not an obscure or fringe personality. His contributions have earned him India’s Padma Vibhushan, the country’s second-highest civilian award. His organization has held consultative status with the United Nations since 1996, and he founded Sri Sri University in Odisha—an officially recognized institution.

His work spans areas such as conflict resolution, environmental initiatives, mental wellness, and humanitarian outreach across the world.

His Actual Educational Background

Before discussing the controversy, it’s important to clarify his verified academic credentials—something often overlooked in critical discussions.

Early Learning

From a young age, he showed a strong inclination toward spiritual and academic learning. By the age of four, he was reciting verses from the Bhagavad Gita. He studied under respected scholars while also completing formal schooling.

Formal Degree

Sri Sri Ravi Shankar holds a Bachelor of Science (B.Sc.) in Physics from St. Joseph’s College, Bangalore (1973), affiliated with Bangalore University. This is his only formal academic degree, and it is legitimate and undisputed.

Spiritual Training

After graduation, he spent time studying under Maharishi Mahesh Yogi, gaining experience in meditation practices and Vedic knowledge, which later influenced his own teachings.

Key Contribution

In 1982, he developed Sudarshana Kriya, a breathing technique now practiced globally and studied for its mental health benefits.

Sri Sri University

In 2009, he established Sri Sri University, a government-approved institution offering a range of academic programs. Its official recognition further reinforces his legitimacy in educational and organizational work.

What Actually Happened in the “Fake Degree” Controversy

The Honorary Doctorate

In 2006, Sri Sri Ravi Shankar received an honorary doctorate in holistic medicine from the Open International University for Complementary Medicines (OIUCM), based in Sri Lanka. This was one among many honorary recognitions he has received globally.

The 2014 Reports

Years later, in 2014, reports emerged that OIUCM was not officially recognized by authorities in Sri Lanka and had also been flagged elsewhere. Media outlets then linked Sri Sri Ravi Shankar to this institution, framing the issue as a personal scandal.

The Missing Context

A crucial detail often ignored is that this was an honorary title—not an academic degree earned through study. Honorary doctorates are symbolic recognitions given to individuals for their contributions. They do not represent formal academic qualifications.

Additionally, other prominent individuals had also received honors from the same institution, indicating that the issue lay with the institution’s credibility—not with those who received awards from it.

His Response

When the controversy surfaced, Sri Sri Ravi Shankar reportedly expressed willingness to return the honorary title. This response suggests transparency rather than any attempt to mislead.

Key Clarifications: Facts vs Misconceptions

Claim: He has a fake degree Reality: The title in question was honorary, not an earned degree.

Claim: He misled the public Reality: He never used the title to claim academic authority or gain advantage.

Claim: He knowingly accepted a fraudulent credential Reality: The institution’s status became questionable years after the award.

Claim: He lacks qualifications Reality: He holds a legitimate B.Sc. degree and founded a recognized university.

Claim: He ignored the issue Reality: He considered returning the honorary title once concerns arose.

His Broader Record of Work

While the controversy gained attention online, his long-term contributions are well documented:

Global Outreach

Art of Living operates in 180+ countries

Programs have reached hundreds of millions of people

Collaborations with international organizations including the UN

Peace Efforts

Involvement in peace dialogues in multiple regions

Participation in international conflict resolution initiatives

Rehabilitation Programs

Programs conducted for prisoners worldwide

Large-scale rehabilitation initiatives in India

Environmental Work

Major projects in water conservation and tree planting

Recognition through national environmental awards

Awards and Recognition

Padma Vibhushan (India)

International honors from multiple countries

Recognition by global institutions and publications

Why the Story Spread So Widely

The phrase “fake degree” is emotionally charged and easy to understand without context. That simplicity helped it spread quickly.

However, the nuance—that the issue involved an honorary title from an institution later questioned—did not travel as widely. This is a common pattern in digital media, where headlines often outpace deeper explanations.

Conclusion

A closer look at the facts shows that the “fake degree” claim is based on misleading framing rather than actual wrongdoing.

The Ceigall India road project Arunachal Pradesh has reached a major milestone as the company, in partnership with Rajinder Infrastructure Private Limited, emerged as the Lowest (L1) bidder for a high‑value road infrastructure contract issued by the Ministry of Road Transport and Highways (MoRTH). This landmark award, valued at ₹274.08 Crore, will see the construction and subsequent maintenance of a critical stretch of the NH‑913 Bile‑Migging road contract in the scenic state of Arunachal Pradesh.

In this joint venture, Ceigall India Limited holds 70% stake while Rajinder Infrastructure commands the remaining 30%. The project covers a challenging hilly terrain and reflects the government’s continued push to strengthen strategic road connectivity in India’s northeastern region.

What the Ceigall India Road Project in Arunachal Pradesh Involves

The awarded road development project is structured under the Engineering, Procurement, and Construction (EPC) mode, ensuring that the selected bidder is responsible for design, construction, and initial maintenance.

Scope of Work

The NH‑913 road contract covers upgrading and maintaining the Bile‑Migging section from km 17.812 to km 55.377. The route lies within Arunachal Pradesh, an area where robust infrastructure is essential for improved mobility and economic growth. Once completed, this road will:

Improve transportation efficiency

Enhance safety in high‑altitude regions

Support local commerce and tourism

Ceigall India and its partner will deliver the project to intermediate lane standards, a classification that improves road quality and durability.

Financial and Timeline Breakdown

The total bid cost for the project is ₹274.08 Crore, a competitive figure amidst multiple bidders. Key execution details include:

Construction Period: 48 months

Maintenance Period: 5 years following construction

This extended maintenance timeline ensures long‑term usability and durability, allowing the authorities to leverage the infrastructure for years without immediate additional investment.

Strategic Importance of the Project

This contract holds not only economic but strategic importance. The NH‑913 corridor is a vital link that facilitates smoother movement of people and goods through the northeastern frontier. For an emerging infrastructure player like Ceigall India Limited, winning this project underscores both technical capability and competitive financial positioning.

From a larger perspective:

Improved roads boost regional development.

Better connectivity enhances national integration.

Infrastructure investments lead to job creation.

Transparency and Corporate Governance

Ceigall India has confirmed that neither its promoters, promoter group, nor any related entities have a stake in the awarding authority. This declaration emphasizes that the contract was won on merit and arm’s‑length competition, reinforcing corporate governance standards.

What This Means for Ceigall India and Partners

Securing the NH‑913 contract expands Ceigall India’s footprint in road infrastructure and positions the company for larger, future government tenders. This success could spur investor confidence and establish the joint venture as a strong contender in India’s infrastructure sector.

Conclusion

Tata Motors has confirmed a new commercial vehicle price hike of up to 1.5% starting April 1, 2026, in response to continued pressure from rising commodity and other input costs in the automotive supply chain. This move is designed to partially absorb increased expenses without severely affecting demand in one of India’s most competitive commercial vehicle segments — trucks, buses and utility carriers.

Why Tata Motors Commercial Vehicle Price Hike Matters

The increase — ranging up to 1.5% across various models and variants — reflects ongoing cost inflation for key raw materials such as steel, copper and other alloys used in heavy vehicles. Tata Motors has historically implemented similar price adjustments to keep margins intact while managing volatile input prices, and this latest hike is positioned within that strategy.

At the same time, analysts note that such pricing enhancements are becoming common across the commercial vehicle industry as manufacturers navigate higher commodity prices, logistics costs and compliance expenditures.

Strong Sales Backdrop Despite Hike

Despite the forthcoming price adjustment, Tata Motors reported impressive commercial vehicle sales in February 2026, with a 32% year‑on‑year rise compared with the same month last year — underscoring demand resilience. Domestic and international CV sales climbed to nearly 43,000 units, reflecting growth in freight and public transport segments.

Additionally, the company secured over 5,000 new bus and chassis orders from state transport undertakings across major Indian states, covering a broad portfolio including urban and intercity buses. These contracts were awarded through competitive e‑bidding processes and reinforce Tata Motors’ leadership in public mobility solutions.

Market Reaction — Shares Rally

The announcement sparked positive sentiment in the markets: Tata Motors shares climbed as much as 2.1% on the NSE on Tuesday, March 17, 2026, signaling investor confidence in the company’s ability to offset cost pressures and deliver stable financial performance.

What This Means for Fleet Buyers and Operators

For fleet operators and commercial buyers, a 1.5% price hike means incremental cost increases — while modest on a percentage basis, it can influence procurement timing and cash flows for larger fleets. This is especially relevant in sectors like logistics, intercity transport and state road transport corporations, where operational margins are thin.

Companies often balance such price changes by negotiating fleet financing, bulk orders, or phased purchasing to mitigate cost impact per unit.

Longer‑Term Outlook for CV Segment

Though the hike may slightly increase purchase costs, demand fundamentals for commercial vehicles in India remain strong. Infrastructure development, replacement demand and increased freight movement continue to underpin healthy CV volumes. Industry experts forecast stable demand ahead as economic activity grows and logistics efficiency improves.

Combined with expanding product portfolios, including more fuel‑efficient and alternative‑fuel options, Tata Motors is positioned to navigate these cost dynamics while maintaining competitive market share.

The PhonePe IPO delay has captured global market attention, underscoring a valuation standoff that’s reshaping how investors and startups view public listings. Once positioned for a $1.3 billion public debut in India, the Walmart‑backed fintech paused its plans amid persistent market volatility and growing scepticism over valuation expectations — a signal that major India tech IPO trends may be shifting toward sustainable growth and realistic pricing in 2026 and beyond.

From ambitious valuation targets to questions about profitability, the PhonePe IPO delay tells a larger story about the evolving dynamics of India’s startup ecosystem. In this article, we explore these trends and what they may mean for future new‑age tech listings.

 What caused the PhonePe IPO delay?

 Market Volatility and Global Uncertainty

One of the key forces behind the PhonePe IPO delay has been prolonged market turbulence linked to geopolitical tensions in West Asia and broader capital market instability. These conditions have weakened investor sentiment and led to significant equity outflows from Indian markets.

Financial conditions that once favoured large IPOs are now dampening enthusiasm, especially for tech companies that command high valuations without proven profitability.

Valuation Divide Between Startups and Investors

In private funding rounds, PhonePe was valued around $12 billion, and some earlier reports suggested even higher targets. However, public market investors signalled interest at significantly lower valuations — in the range of $9 billion to $10.5 billion — creating a valuation gap that ultimately contributed to the decision to postpone the listing.

This valuation mismatch has become a recurring theme in India tech IPO trends, particularly among high‑growth fintech and SaaS startups that are scaling rapidly but still operating at a loss.

 How PhonePe’s situation reflects broader startup challenges

 Adjusting Expectations in Public Markets

Bankers and industry executives say the delay could influence a pipeline of new‑age tech listings planned over the next 12–18 months. Startups like quick‑commerce players, travel tech brands, and other enterprise platforms are re‑evaluating whether they are willing to go public at lower valuations compared to their last private funding rounds.

The current environment is forcing companies to prioritise long‑term profitability and sustainable growth over headline valuations that were common in frothy private markets.

 Rising Importance of Profits and Scale

Investors are increasingly focusing on metrics such as recurring revenue, path to profitability, and strong unit economics — moving away from narrative‑driven investment strategies. This shift reflects a broader trend, where sustainable growth is becoming a prerequisite, not a luxury, for public market success.

Startups that cannot demonstrate a credible monetisation strategy or clear profitability roadmap may face tougher scrutiny and pricing discounts at IPO.

What the PhonePe IPO delay means for India tech IPO trends

 1. Valuation Sentiment Has Shifted

The PhonePe IPO delay highlights that Indian markets are no longer willing to back sky‑high valuations without strong fundamentals. Investors are calibrating their expectations to align with actual earnings and business performance.

 2. Pipeline of Listings May Slow Temporarily

Several companies preparing to list may opt to defer their public debut rather than accept a discounted valuation or risk a weak market reception.

 3. Greater Emphasis on Financial Discipline

Startups looking to list will need to demonstrate disciplined growth, manageable burn rates, and measurable progress toward profitability to attract long‑term investors.

Conclusion

The PhonePe IPO delay doesn’t just mark a postponement of a highly anticipated listing — it signals a maturation in India tech IPO trends. The valuation standoff between startups and public market investors underscores a shift toward profitability, sustainable growth, and realistic pricing. While short‑term delays may unsettle the market, the long‑term trajectory favours companies with solid fundamentals and clear growth pathways.

The Indian stock market rebound gathered strength on Tuesday March 17, 2026, as benchmark indices recovered sharply after early losses, supported by global bulls and strong domestic buying. In the first hour of trading, both Sensex and Nifty corrected lower, but renewed optimism and short‑covering helped the market reverse course and trade firmly higher.

The comeback in the markets was led by broad‑based buying across key sectors, even as heavyweights such as Infosys and HCL Tech continued to lag. This Sensex Nifty recovery reflects investor confidence returning after a volatile session triggered by foreign selling and geopolitical uncertainty.

What Drove the Sensex Nifty Recovery Today

Early Trade Weakness and Sharp Turnaround

In the initial minutes of trade on Tuesday, the 30‑share BSE Sensex fell by 144.34 points to 75,358.51, while the 50‑share NSE Nifty slipped nearly 50 points to 23,358.85. The early drop hinted that investor sentiment remained fragile amid global risk‑off trends.

However, strong buying momentum quickly emerged. By mid‑session:

Sensex climbed to 75,696.83, up 192.14 points.

Nifty traded at 23,473.05, rising 64.25 points.

This Indian stock market rebound underscores how quickly market psychology can shift when oversold conditions attract fresh demand.

Sector Movements and Major Stocks

Some of the notable laggards were:

Infosys

HCL Tech

Tata Consultancy Services

Tech Mahindra

State Bank of India

These stock performances influenced short‑term volatility but did not derail the broader recovery.

Macroeconomic and Global Context

Crude Oil Rally Adds Pressure

Global commodities played a key role in shaping market sentiment. Brent crude, the international oil benchmark, surged 2.61% to $102.80 per barrel, weighing on energy‑linked sectors and inflation expectations.

Image alt text: Brent crude oil price chart showing rise impacting Indian stock market rebound

Asian and US Markets Support Sentiment

Asian indices mostly traded higher:

South Korea’s Kospi and Japan's Nikkei 225 showed gains.

Hong Kong’s Hang Seng was positive.

China’s Shanghai Composite lagged slightly.

This mixed global picture, coupled with a strong close on Wall Street on Monday (March 16, 2026), supported buying interest in India.

FII Selling Vs DII Buying

A key driver behind the trading pattern was the divergence between foreign and domestic institutional investors:

Foreign Institutional Investors (FIIs) sold equities worth ₹9,365.52 crore.

Domestic Institutional Investors (DIIs) countered with purchases totalling ₹12,593.36 crore.

This dynamic partly explains the early dip and the subsequent Sensex Nifty recovery as DIIs absorbed selling pressure and lifted market sentiment.

Expert View on Market Outlook

V.K. Vijayakumar, Chief Investment Strategist at Geojit Investments, remarked that ongoing geopolitical tensions continue to create uncertainty in market trends. He noted that while the market's sharp recovery was driven by short‑covering, sustaining the rally could be difficult unless FIIs return to buying territory.

Recent Market Performance

On Monday March 16, 2026, the markets had a strong rebound:

Sensex gained 938.93 points (1.26%) closing at 75,502.85.

Nifty rose 257.70 points (1.11%) to finish at 23,408.80.

This sets the stage for the continued Indian stock market rebound as investors look for stability after recent volatility.

What This Means for Investors

Investors should take note of:

Global commodity pressure, especially crude oil

Continued divergence between FII and DII activity

Key support and resistance levels on Sensex and Nifty charts

Sector rotation trends affecting heavyweights

Overall, the Sensex Nifty recovery demonstrates resilience in Indian markets and highlights the importance of tracking both domestic flows and global cues.

Conclusion

Market Outlook: Weak Momentum in Indian Equities

India’s benchmark index Nifty 50 is expected to remain under pressure in the near term as global uncertainties and recent market volatility weigh on investor sentiment.

Analysts say the index could see further downside if selling pressure continues, with important technical support levels placed between 22,700 and 22,400.

The cautious outlook comes after a turbulent week for Indian equity markets amid geopolitical tensions and rising crude oil prices.

Key Support and Resistance Levels

According to market analysts, the index is currently testing crucial technical zones that will determine the next direction.

Key Technical Levels

Immediate Support: 22,700

Next Major Support: 22,400

Immediate Resistance: Around 23,400–23,500

If the index falls below the support zone, further downside pressure could emerge in the short term.

Why the Market Is Under Pressure

Several factors are contributing to weakness in the Indian stock market.

1. Global Geopolitical Tensions

Rising tensions in the Middle East have triggered volatility in global markets and pushed crude oil prices higher, affecting investor sentiment.

2. Foreign Investor Outflows

Foreign institutional investors (FIIs) have been selling Indian equities, increasing pressure on benchmark indices.

3. Weak Global Cues

Global markets have shown mixed signals, which often affects investor confidence in emerging markets like India.

These factors have created a cautious trading environment across Asian markets.

Sectoral Trends

While the broader market remains volatile, analysts believe that stock-specific action may dominate trading sessions.

Sectors likely to see activity include:

Banking and financial services

Energy and oil companies

Information technology stocks

Market participants are focusing more on company-specific developments rather than broad market momentum.

What Traders Should Watch

Short-term traders and investors are closely monitoring technical indicators and macroeconomic developments.

Important triggers include:

Global market movements

Crude oil prices

Institutional investor activity

Key support and resistance levels

A decisive move below support could lead to increased volatility in the coming sessions.

Conclusion

The Nifty 50 index is facing a challenging period as global uncertainties and investor caution weigh on markets. With analysts identifying 22,700–22,400 as the critical support zone, traders will closely watch whether the index stabilizes or continues its downward trend.

IDBI Bank Shares Fall Sharply on Stake Sale Reports

Shares of IDBI Bank dropped more than 13% in early trading on March 16, after reports suggested that the Indian government may cancel the ongoing process to sell its majority stake in the lender.

The stock fell sharply as investors reacted to the possibility that the long-awaited privatization of the bank could be halted due to insufficient bids from potential buyers.

Why IDBI Bank Stock Fell

The decline in the bank’s share price was triggered by reports that the government is likely to scrap the current stake sale process because bids received were below its minimum expected valuation.

According to sources cited in media reports:

Financial bids submitted for the bank did not meet the reserve price set by the government

Authorities may cancel the existing bidding process

The stake sale could potentially be restarted later under improved market conditions

This uncertainty around privatization triggered a strong negative reaction from investors.

Details of the Proposed Stake Sale

The government and Life Insurance Corporation of India (LIC) had planned to sell a combined 60.7% stake in IDBI Bank, which would transfer management control to a private buyer.

Stake Structure

Government of India: 45.5% stake

LIC: 49.2% stake

Under the plan:

Government intended to sell around 30.5%

LIC planned to sell about 30.2%

The deal was expected to be one of the largest privatization moves in India’s banking sector.

Who Were the Potential Buyers?

Reports suggested that several global investors had shown interest in acquiring the bank.

Among the bidders were:

Fairfax Financial Holdings (Canada)

Emirates NBD (Dubai)

However, their financial offers reportedly fell short of the government’s valuation expectations, leading to the possible cancellation of the process.

Background: Government’s Privatization Plan

The privatization process for IDBI Bank began in 2022, when the government initiated a strategic disinvestment plan to reduce its ownership in the banking sector.

The move was part of a broader effort to:

Improve efficiency in the banking system

Reduce government control over commercial banks

Raise funds through disinvestment

However, the process has faced delays due to regulatory approvals, investor interest, and valuation concerns.

Market Reaction

The news triggered a sharp sell-off in the bank’s stock.

At one point during the trading session, shares of IDBI Bank dropped to around ₹77.66, reflecting investor concerns about the future direction of the bank and uncertainty surrounding the privatization plan.

The decline marked one of the steepest falls for the stock in recent months.

What Could Happen Next?

Although the current sale process may be scrapped, reports indicate that the government could restart the privatization attempt later if market conditions improve and stronger bids emerge.

For now, the future of the bank’s privatization remains uncertain, and investors will closely watch further announcements from the government.

Conclusion

The sharp fall in IDBI Bank’s share price highlights how sensitive markets are to major policy decisions such as privatization and stake sales.

Indian Stock Market Outlook Before Opening

Indian benchmark indices Nifty 50 and BSE Sensex were expected to open cautiously on March 16 as investors reacted to mixed global signals, continued foreign investor selling and rising crude oil prices.

Market sentiment has remained volatile due to global geopolitical tensions and uncertainty in international financial markets. Investors are closely monitoring developments that could influence trading on Dalal Street.

Wall Street Performance Influences Market Mood

Overnight cues from the United States played a key role in shaping investor sentiment. Major US indices ended lower, reflecting concerns over global economic uncertainty and geopolitical tensions.

Weak performance on Wall Street often impacts Asian markets and can trigger cautious trading in India, particularly in sectors linked to global demand such as IT and metals.

Foreign Institutional Investors Continue Selling

Another important factor affecting Indian markets is the continued selling by foreign institutional investors (FIIs).

According to exchange data, FIIs sold shares worth about ₹10,717 crore in the previous trading session, while domestic institutional investors (DIIs) purchased shares worth around ₹9,977 crore, partially offsetting the selling pressure.

Persistent FII outflows generally create downward pressure on equity markets and increase short-term volatility.

Global Geopolitical Tensions and Oil Prices

Global developments have also contributed to cautious sentiment among investors.

Rising tensions in the Middle East have pushed crude oil prices higher, which could increase inflationary pressure on major oil-importing countries such as India. Higher oil prices can negatively impact corporate earnings and government finances.

Key Global Market Indicators

Several global indicators are influencing Indian market trends:

Rising crude oil prices above $100 per barrel

Weak global equity markets

Continued foreign investor outflows

Geopolitical tensions affecting energy supply

These factors have created uncertainty in global financial markets, leading investors to adopt a cautious approach.

Sectors and Stocks to Watch

Market participants are also keeping an eye on several stocks expected to remain in focus due to company-specific developments and sector trends.

Companies across sectors such as aviation, metals, pharmaceuticals and infrastructure may see increased trading activity depending on news flow and investor sentiment.

Market Outlook

Analysts believe that volatility may continue in the near term as global developments remain uncertain.

However, strong domestic institutional participation and India’s long-term economic outlook could provide support to the markets.

Investors are advised to remain cautious and track global cues, commodity prices and institutional flows before making trading decisions.

Conclusion

The Indian stock market entered the March 16 trading session with mixed signals driven by global market trends, foreign investor activity and geopolitical developments.

Introduction

The Art of Living Foundation (AOL), one of India's most prominent spiritual and humanitarian organizations, has faced repeated allegations of land encroachment over the years. In 2010, the foundation made headlines when it publicly denied accusations of illegally occupying land, stating categorically: "We haven't grabbed any land." This controversy raised broader questions about transparency, accountability, and the relationship between large non-governmental organizations and public or private property in India.

Background: Who Is the Art of Living Foundation?

Founded by Sri Sri Ravi Shankar in 1981, the Art of Living Foundation is a global non-profit organization operating in over 155 countries. Known for its stress-relief programs based on the Sudarshan Kriya breathing technique, the foundation has built a massive following — estimated at over 370 million people worldwide.

Beyond wellness programs, AOL is involved in disaster relief, rural development, women's empowerment, prisoner rehabilitation, and environmental causes. However, its rapid growth and large-scale infrastructure development have occasionally put it in conflict with regulators, environmental bodies, and private landowners.

The 2010 Land Grab Allegations

In 2010, allegations surfaced that the Art of Living Foundation had encroached upon privately owned land near Kanakapura Road in Bengaluru, the location of one of its major ashrams. An NRI landowner accused the organization of occupying approximately 15 acres of land belonging to him without consent or legal authority.

The foundation responded swiftly and firmly, with representatives denying any wrongdoing and asserting that all land in their possession had been legally acquired. AOL's position was clear: no land had been grabbed, and the allegations were unfounded.

AOL's Official Response

The foundation's response to the 2010 allegations centered on several key points:

Legal compliance: AOL maintained that all properties associated with the organization were obtained through proper legal channels.

Transparent operations: The foundation emphasized its status as a registered non-profit trust with audited accounts and public records.

Community contributions: AOL highlighted its extensive humanitarian and environmental work in the region as evidence of its commitment to ethical conduct.

Spokespeople for the organization urged the public and media to verify facts before drawing conclusions, and invited scrutiny of their land records.

A Pattern of Controversy or Targeted Criticism?

The 2010 land allegation was not an isolated incident. In 2011, the Karnataka High Court received a public interest litigation (PIL) claiming that AOL had encroached upon the Udipalya tank area. A government inspection reportedly found that the foundation had built structures on approximately 6.53 hectares of the tank area, resulting in a show cause notice.

More notably, in 2016, the Art of Living Foundation organized the World Culture Festival on the Yamuna floodplains in New Delhi — a decision that drew fierce criticism from environmentalists. The National Green Tribunal (NGT) fined the foundation Rs 5 crore for alleged environmental damage, though AOL contested the findings, calling the expert committee's assessment biased and unscientific.

Sri Sri Ravi Shankar responded to the 2016 fine by saying the foundation would pay but would fight to recover the amount, arguing that no actual pollution had been caused. He drew an analogy to being fined for driving through a green signal.

The Broader Debate: Large Organizations and Land Use inIndia

The allegations against AOL reflect a wider pattern of tension in India between large religious and spiritual organizations and regulatory bodies. As these organizations grow in size and influence, their land use, construction activities, and institutional footprint often come under public scrutiny.

Key questions raised by cases like this include:

How transparent are large NGOs about their land acquisitions?

What oversight mechanisms exist for non-profit organizations managing large tracts of land?

How should environmental impact be assessed when spiritual or cultural organizations undertake large-scale events?

These are not questions unique to the Art of Living Foundation. They apply across India's vast landscape of religious trusts, spiritual organizations, and NGOs.

AOL's Environmental and Community Work

Supporters of the foundation point to its substantial environmental record as context for evaluating the land-related controversies. According to AOL, since 2010, its volunteers have:

Cleaned the Yamuna River, removing hundreds of tonnes of garbage

Contributed to the rejuvenation of 27 rivers across India

Conducted large-scale tree plantation and water conservation programs

Sri Sri Ravi Shankar has consistently presented the foundation as a net positive for India's environment, arguing that its restoration and conservation work far outweighs any alleged damage.

Key Takeaways

The Art of Living Foundation's 2010 land denial was part of a longer, ongoing narrative about how large spiritual organizations operate in India. Whether the allegations were substantiated or politically motivated, the episode underscores the importance of:

Due diligence by regulatory authorities in verifying land ownership and encroachment claims

Transparency from large non-profit organizations about their assets and land use

Independent, scientific assessment of environmental impact — a point AOL itself raised during the 2016 Yamuna controversy

Fair media reporting that neither sensationalizes allegations nor dismisses them without investigation

Conclusion

The Art of Living Foundation's categorical denial of land grabbing in 2010 set a tone of defiance that has characterized the organization's response to several controversies since then. Whether concerning private land in Bengaluru, tank encroachment in Karnataka, or the Yamuna floodplains in Delhi, AOL has consistently maintained that it operates within the law while contributing positively to Indian society and the environment.

The Indian stock market witnessed a sharp decline on Friday, with both the S&P BSE Sensex and NSE Nifty50 losing nearly 1% amid heavy selling pressure and weak global cues. After a brief recovery in the previous session, Dalal Street returned to losses, reflecting growing investor caution.

At around 2:05 PM, the Sensex fell 733.57 points to 81,573.80, while the Nifty50 dropped 223.50 points to 25,066.40. Despite a temporary rally in the previous session fueled by calm in global markets and easing geopolitical tensions in Greenland, the positive momentum quickly faded.

Why the Stock Market Is Falling Today

One of the primary drivers of the market slump is the continued selling by foreign institutional investors (FIIs). In January 2026 alone, FIIs offloaded shares worth Rs 36,591.01 crore, putting sustained pressure on equities.

While domestic institutional investors (DIIs) attempted to stabilize the market by buying shares worth Rs 50,720.15 crore, their efforts were insufficient to offset the foreign outflows fully.

Market experts indicate that the Nifty is struggling to maintain key support levels. Kranthi Bathini, Director – Equity Strategy at WealthMills Securities Pvt Ltd, said:

“The Nifty has been unable to hold the 25,500 mark and is now trading close to 25,050. The 25,000 level remains an important support zone, as the market had previously bounced back from this range.”

Midcaps and Smallcaps See Sharper Decline

The selling was not limited to large-cap stocks. Midcap and smallcap indices experienced sharper falls, reflecting investor caution in riskier segments:

Nifty Midcap 100: -1.49%

Nifty Smallcap 100: -1.52%

Additionally, India VIX, which measures market volatility, jumped 6.49%, signaling heightened uncertainty among traders.

Sector-Wise Performance

Broad-based selling affected nearly all sectors:

Nifty Auto: -0.86%

Nifty Financial Services: -0.94%

Nifty FMCG: -0.35%

Nifty IT: -0.19%

Nifty Media: -2.37% (biggest loss)

Nifty Realty: -3.00%

Nifty PSU Bank: -1.57%

Nifty Private Bank: -0.99%

Nifty Pharma: -0.89%

Nifty Healthcare: -0.75%

Nifty Consumer Durables: -0.32%

Nifty Oil & Gas: -1.02%

Nifty Metal: -0.43%

Top Gainers and Losers on Sensex

Despite broad losses, a few stocks managed to stay in the green:

Top Gainers:

Hindustan Unilever Ltd: +1.37%

Asian Paints Ltd: +1.18%

Tech Mahindra Ltd: +0.84%

Titan Company Ltd: +0.83%

TCS Ltd: +0.60%

Top Losers:

Eternal Ltd: -6.00%

Adani Ports & SEZ Ltd: -5.74%

InterGlobe Aviation Ltd: -4.07%

Axis Bank Ltd: -2.32%

Power Grid Corporation of India Ltd: -2.27%

Rupee Hits Fresh Record Low

Gold Exchange-Traded Funds, or ETFs, are growing quietly popular because they wrap that classic security of gold in a modern, hassle-free package.

By Sethurathnam Ravi

Today’s economy feels like a bumpy roller coaster: prices keep climbing, world politics stir up uncertainty, and stock swings grab attention every day. Because of all that, many investors are hunting for assets that seem steadier and less likely to lose value overnight. For generations, gold has filled that role, its shiny bars and coins promising safety when other markets look shaky. 

Gold’s New Digital Avatar

Now, though, the way people add gold to their portfolios is shifting. Gold Exchange-Traded Funds, or ETFs, are growing quietly popular because they wrap that classic security of gold in a modern, hassle-free package.

A gold ETF Is simply a fund listed on a stock exchange whose price tracks the value of gold itself. Instead of hauling bars to a vault or wondering about purity and insurance, you buy shares of the ETF, each one tied to real gold held by the trust. That routine is cleaner and clearer than dealing with physical bullion, as transactions happen with a single click in a brokerage app. The ability to trade gold just like any other stock makes ETFs a breeze for casual investors and big institutions alike, turning a centuries-old safe haven into a fast, everyday tool.

A Natural Fit for the Digital Age

What really lifts gold ETFs above older assets is how easily they adapt to new market habits. As finance grows more and more digital, the image of dusty, hard metal tucked in a vault begins to look ancient. Gold ETFs slide in with a virtual version of bullion that fits neatly into a smartphone-driven portfolio.

Beyond that convenience, gold still acts like a tried-and-true cushion when inflation runs hot. With prices spiking around the world, a digital bar lets holders keep buying power without the headaches of storage, security, or shipping.

A Reliable Hedge Against Market Volatility

A second, powerful pull comes from gold’s built-in role as a safety net for diversified portfolios. When stock indexes tumble or a currency scares investors, the shiny metal often stays steady or even climbs. Adding gold ETFs helps smooth out that rough ride, giving nervous savers a way to dial back risk when standard assets stumble.

Sustainability Adds Another Layer of Appeal

Yet, in a world obsessed with ethics and the planet, plain bullion no longer checks all the boxes for everyone. Forward-thinking funds now trace every ingot to a clean, responsible mine, matching their holdings with the ESG values so many modern investors demand.

One of the best things about gold exchange-traded funds is how easy they are to reach almost anywhere you sit down with a computer or smartphone. Unlike bricks-and-mortar property or local start-ups tied to one city, a gold ETF shows up on exchanges across every continent the moment the market opens. 

The grey market is buzzing with activity as three highly anticipated IPOs—Globe Civil Projects, HDB Financial Services, and Kalpataru Projects International—gear up for listing. The grey market premium (GMP) is often viewed as an early indicator of listing performance, especially when formal subscription numbers haven’t yet matured.

Here’s a detailed comparison of the current GMPs and what they may signal for investors.

1. Globe Civil Projects IPO: Strong Interest in Infrastructure Play

GMP (as of Day 1): ₹28 – ₹30

Issue Price Range: ₹90 – ₹95 (estimated)

Implied Listing Price: ₹120 – ₹125

Listing Gain Potential: 30%+

Grey Market Signal: Investor sentiment is upbeat, thanks to the company's robust order book in government and urban infrastructure projects. High GMP suggests strong listing performance, particularly if broader market sentiment remains supportive.

2. HDB Financial Services IPO: Banking Arm of HDFC Bank Draws Moderate Buzz

GMP (unofficial): ₹60 – ₹70

Expected Price Band: ₹500 – ₹550

Implied Listing Price: ₹570 – ₹620

Listing Gain Potential: ~12%

Grey Market Signal: Though backed by the trusted HDFC Group, GMP signals moderate enthusiasm. This could be due to:

Valuation concerns,

Heavy retail and institutional expectations,

Ongoing sectoral regulation concerns in NBFCs.

Still, long-term investors view this IPO as a stable financials-based bet with brand support and earnings consistency.

3. Kalpataru Projects International IPO: Stable Fundamentals, Steady GMP

GMP (early trends): ₹18 – ₹22

Estimated Issue Price: ₹400 – ₹425

Expected Listing Price: ₹420 – ₹445

Listing Gain Potential: ~5%

Grey Market Signal: Kalpataru’s IPO is witnessing measured interest. As an EPC (engineering, procurement, construction) and infrastructure player with international exposure, the company has good fundamentals. However, low GMP may reflect cautious investor approach toward capital-intensive business models.

Side-by-Side GMP Comparison

IPOGMP Range (₹)Listing Gain PotentialInvestor SentimentGlobe Civil Projects₹28 – ₹3030%+HighHDB Financial Services₹60 – ₹7012%Moderate to HighKalpataru Projects₹18 – ₹225%Stable

What Should Investors Watch?

GMPs are unofficial and volatile—they are good indicators of grey market mood, but not guaranteed predictors.

A high GMP may reflect oversubscription expectations, while a lower one could signal fair pricing or sector concerns.

It’s important to combine GMP insights with company fundamentals and subscription trends before investing.

Conclusion

Among the three, Globe Civil Projects IPO currently leads the GMP race, indicating high near-term listing enthusiasm. HDB Financial Services, while drawing strong brand trust, may see more stable interest. Kalpataru Projects, with solid credentials, is generating a cautious but steady response in the grey market.

Sudeep Pharma Limited, a key player in the manufacturing of pharmaceutical and nutraceutical ingredients, has filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) to raise capital through an initial public offering (IPO). The IPO will help the company fund expansion projects, repay existing debt, and support working capital needs.

This IPO move comes at a time when the Indian healthcare and nutraceutical industries are witnessing robust growth.

About Sudeep Pharma

Established in 1989, Sudeep Pharma is a leading producer of mineral-based pharmaceutical ingredients. The company specializes in:

Calcium salts,

Nutraceutical raw materials,

Food fortification compounds.

Sudeep Pharma exports to more than 70 countries, serving the pharmaceutical, food, cosmetics, and personal care industries. It operates manufacturing facilities that comply with international quality standards, including US FDA, FSSC 22000, and WHO-GMP certifications.

IPO Objectives

According to the DRHP, the primary objectives of the IPO include:

Capacity expansion of manufacturing facilities,

Funding working capital requirements,

Prepayment or repayment of outstanding borrowings,

General corporate purposes to support strategic growth.

These investments aim to strengthen the company’s production capabilities and improve overall financial health.

IPO Structure

Issue Type: Combination of Fresh Issue and Offer for Sale (OFS)

IPO Size: To be disclosed in the final Red Herring Prospectus

Listing Platform: Expected to be listed on NSE and BSE

Book Running Lead Managers (BRLMs): To be announced

Market Position & Industry Relevance

Sudeep Pharma operates in a niche space with:

High barriers to entry due to strict regulatory compliance,

Strong international client base,

Long-term demand for quality nutraceuticals and excipient materials.

The IPO offers investors a chance to gain exposure to a company operating at the intersection of pharmaceuticals and wellness—two high-growth sectors in India and globally.

Key Upcoming Dates (Tentative)

DRHP Filing Date: June 2025

SEBI Approval Expected: Within 30–45 days

IPO Launch Window: Post-approval, possibly Q3 FY25

Final details including price band, lot size, and subscription window will be announced closer to the issue date.

Conclusion

With a strong international presence, regulatory credibility, and focus on high-demand sectors, Sudeep Pharma’s IPO is set to attract attention from both retail and institutional investors. The company’s strategic use of funds for expansion and debt reduction positions it well for long-term growth.

Sudeep Pharma Limited, a key player in the manufacturing of pharmaceutical and nutraceutical ingredients, has filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) to raise capital through an initial public offering (IPO). The IPO will help the company fund expansion projects, repay existing debt, and support working capital needs.

This IPO move comes at a time when the Indian healthcare and nutraceutical industries are witnessing robust growth.

About Sudeep Pharma

Established in 1989, Sudeep Pharma is a leading producer of mineral-based pharmaceutical ingredients. The company specializes in:

Calcium salts,Sudeep Pharma IPO, pharma IPO India, SEBI DRHP filings, upcoming IPO 2025

Nutraceutical raw materials,

Food fortification compounds.

Sudeep Pharma exports to more than 70 countries, serving the pharmaceutical, food, cosmetics, and personal care industries. It operates manufacturing facilities that comply with international quality standards, including US FDA, FSSC 22000, and WHO-GMP certifications.

IPO Objectives

According to the DRHP, the primary objectives of the IPO include:

Capacity expansion of manufacturing facilities,

Funding working capital requirements,

Prepayment or repayment of outstanding borrowings,

General corporate purposes to support strategic growth.

These investments aim to strengthen the company’s production capabilities and improve overall financial health.

IPO Structure

Issue Type: Combination of Fresh Issue and Offer for Sale (OFS)

IPO Size: To be disclosed in the final Red Herring Prospectus

Listing Platform: Expected to be listed on NSE and BSE

Book Running Lead Managers (BRLMs): To be announced

Market Position & Industry Relevance

Sudeep Pharma operates in a niche space with:

High barriers to entry due to strict regulatory compliance,

Strong international client base,

Long-term demand for quality nutraceuticals and excipient materials.

The IPO offers investors a chance to gain exposure to a company operating at the intersection of pharmaceuticals and wellness—two high-growth sectors in India and globally.

Key Upcoming Dates (Tentative)

DRHP Filing Date: June 2025

SEBI Approval Expected: Within 30–45 days

IPO Launch Window: Post-approval, possibly Q3 FY25

Final details including price band, lot size, and subscription window will be announced closer to the issue date.

Conclusion

With a strong international presence, regulatory credibility, and focus on high-demand sectors, Sudeep Pharma’s IPO is set to attract attention from both retail and institutional investors. The company’s strategic use of funds for expansion and debt reduction positions it well for long-term growth.

Rama Telecom Limited launched its SME IPO on June 25, 2025, seeking to raise ₹25.13 crore through a fresh issue. Positioned in the fast-expanding telecom infrastructure sector, the company aims to leverage India’s digital growth wave. The IPO has garnered early attention from institutional investors and retail participants alike.

Below is a detailed analysis of Day 1 developments including GMP trends, subscription numbers, listing dates, and investment highlights.

Grey Market Premium (GMP) on Day 1

The GMP for Rama Telecom IPO is reported at ₹5.

This implies a potential listing price of ₹73, against the upper price band of ₹68.

The positive GMP reflects early investor interest, although not overly aggressive.

A ₹5 premium signals a mild upside expectation on listing day.

Rama Telecom IPO Subscription Status (June 25, 2025 – Day 1 Close)

Investor CategorySubscription StatusQualified Institutional Buyers (QIB)1.00×Retail Individual Investors (RII)0.30×Non-Institutional Investors (NII)0.17×Total Subscription0.41×

QIB quota was fully subscribed, signaling strong institutional confidence.

Retail and HNI participation remained moderate but expected to rise in the coming days.

IPO Details at a Glance

IPO Type: SME (Small and Medium Enterprise)

Issue Size: ₹25.13 crore (fresh issue only)

Price Band: ₹65 – ₹68 per share

Lot Size: 2,000 shares (Minimum investment ₹1,36,000)

Exchange: NSE SME platform

Key Dates to Remember

EventDateIPO Open DateJune 25, 2025IPO Close DateJune 27, 2025Basis of AllotmentJune 30, 2025Refund InitiationJuly 1, 2025Credit of Shares to DematJuly 1, 2025Listing DateJuly 2, 2025

About Rama Telecom Limited

Rama Telecom operates in the telecom equipment assembly and supply domain, serving both government and private clients. The company focuses on:

Optical fiber assemblies

Broadband and IoT devices

Smart networking solutions

With the expansion of India’s 5G rollout and increased public infrastructure investment, Rama Telecom is well-positioned to benefit from sectoral growth.

Analyst View & Investment Outlook

Market analysts suggest a cautiously optimistic stance:

The fully subscribed QIB segment adds credibility to the offer.

The ₹5 GMP suggests a modest listing gain.

High investment threshold (₹1.36 lakh) may limit retail investor participation.

Investors are advised to monitor Day 2 subscription data for more clarity and assess risk tolerance given the SME nature of the offering.

Conclusion

The Rama Telecom SME IPO made a stable debut on Day 1 with promising institutional backing. While retail participation remains low initially, broader market momentum and sector relevance could drive further interest in the days ahead.

Expert View: Bullish on Indian Stock Market for Long Term Despite Uncertainty, Says DSP MF Head of Equities

Amid ongoing global volatility and economic uncertainty, DSP Mutual Fund’s Head of Equities remains strongly optimistic about the long-term prospects of the Indian stock market. According to the expert, India’s structural growth story and resilient domestic economy provide a solid foundation for continued equity market expansion.

Here’s a detailed look at the factors shaping this bullish long-term view.

1. India’s Structural Growth Drivers Remain Intact

Despite global headwinds, India continues to stand out due to:

A growing domestic consumption base.

Ongoing infrastructure development.

A shift towards formalization and digitalization of the economy.

These factors support sustainable earnings growth and make Indian equities attractive for long-term investors.

2. Corporate Earnings on a Steady Growth Path

India Inc. has shown resilience:

Post-pandemic recovery has translated into better profit margins and operational efficiency.

Sectors like banking, capital goods, and manufacturing are expected to lead the next growth phase.

DSP MF’s equity head emphasized that earnings upgrades and fiscal stability will continue to support market valuations.

3. Domestic Flows Offset Global Shocks

Even as foreign institutional investor (FII) flows remain volatile, strong domestic investor participation through:

Mutual fund SIPs,

Retail investors entering the equity markets, has helped cushion volatility and maintain a steady uptrend in stock indices.

4. Reform-Led Economic Momentum

Government initiatives such as:

PLI schemes (Production-Linked Incentives),

Focus on Make in India and Atmanirbhar Bharat, are driving a revival in private sector capex and supporting industrial growth.

These reforms are expected to improve the competitiveness of Indian businesses over the long term.

5. Valuation Discipline and Sectoral Rotation

According to the DSP MF head:

“While valuations in some pockets may appear stretched, there are still many opportunities available in sectors like financials, industrials, and defence.”

The fund house continues to follow a bottom-up stock selection strategy, focusing on companies with sustainable business models, healthy balance sheets, and growth visibility.

Conclusion

While short-term market volatility due to interest rate decisions, geopolitical risks, and global economic shifts may persist, the long-term outlook for Indian equities remains robust. DSP Mutual Fund’s confidence reflects a broader belief that India is entering a multi-year growth cycle supported by reforms, demographics, and strong domestic demand.

Ravi Rajan & Co. LLP, a cornerstone in India’s accountancy and financial services sector, recently celebrated its 36th Founder’s Day, honoring the legacy of its founder, Sethurathnam Ravi. The milestone highlights over three decades of leadership, growth, and innovation under S Ravi’s guidance, including his influential tenure as Chairman of the Bombay Stock Exchange (BSE).

Sethurathnam Ravi: A Visionary Leader with Global Influence

Founded in 1989, Ravi Rajan & Co. LLP began as a small chartered accountancy firm in New Delhi. Today, it is recognized as one of India's most esteemed financial advisory firms, with a widespread presence in key cities like Mumbai, Bengaluru, Ghaziabad, Gurugram, and Dehradun. The firm has grown from a boutique operation to employing over 200 professionals, including chartered accountants, company secretaries, MBAs, and certified analysts.

Sethurathnam Ravi’s leadership has been instrumental in the firm's remarkable journey. His strategic foresight and commitment to excellence have ensured that Ravi Rajan & Co. LLP continues to set the standard in audit, fraud investigation, tax advisory, and legal services. Ravi’s leadership at the BSE, where he served as Chairman from 2017 to 2019, played a key role in shaping India’s capital markets, positioning him as a highly respected figure in the global financial sector.

From BSE to Boardrooms: S Ravi’s Impact on India’s Financial Sector

S Ravi’s name is synonymous with financial leadership in India. His impactful tenure at the Bombay Stock Exchange (BSE) saw him steer the organization through critical transitions, influencing market reforms and enhancing India’s financial infrastructure. In addition to his role at BSE, S Ravi has contributed to several prestigious organizations, serving as a board member for institutions such as IDBI Bank, LIC, ONGC, and BHEL. His vast experience and insights have significantly contributed to the development of India’s financial markets.

Ravi is also a Fellow Member of the Institute of Chartered Accountants of India (ICAI), with a comprehensive academic background, including a Bachelor’s and Master’s degree in Commerce from Durgavati University and a Diploma in Information Systems Audit (DISA). His academic and professional credentials make him a respected authority in finance, further solidifying the firm’s reputation.

Holistic Leadership: Merging Professional Excellence with Social Responsibility

Beyond business success, S Ravi is a staunch advocate for social change. His leadership style integrates financial expertise with a commitment to societal issues such as gender equality, climate change awareness, and education for all. This holistic approach is reflected in Ravi Rajan & Co. LLP’s corporate ethos, with a strong focus on corporate social responsibility alongside business growth.

S Ravi’s belief in driving positive change extends beyond his firm. He has continuously used his platform to highlight and address critical issues that impact global communities, setting a high standard for others in the business world to follow.

Looking Ahead: The Future of Ravi Rajan & Co. LLP

As Ravi Rajan & Co. LLP enters its 37th year, the firm remains steadfast in its mission to uphold professional standards while diversifying its offerings to meet the evolving demands of the financial landscape. S Ravi’s leadership will continue to steer the firm toward new heights, maintaining its status as a leader in the financial services sector while fostering a culture of innovation and responsibility.

Conclusion