Aye Finance is set to list on the BSE and NSE on February 16, with grey market signals pointing to a cautious debut.
The IPO is currently quoting at a negative grey market premium (GMP), indicating that shares are trading below the issue price of Rs 129 per share in the unofficial market.

While GMP is not an official indicator, it often reflects near-term sentiment. A negative premium suggests the possibility of a discount listing, although actual performance will depend on broader market conditions and institutional support.

The IPO, which was open from February 9 to February 11, saw modest investor response. The issue was subscribed 1.04 times overall. Qualified institutional buyers (QIBs) subscribed 1.62 times their quota, while retail participation remained weak at 0.81 times. The non-institutional investor (NII) category was largely undersubscribed at just 0.05 times, indicating limited high-net-worth investor appetite.

Ahead of the public issue, Aye Finance raised Rs 460.51 crore from anchor investors. The IPO comprised a fresh issue of Rs 710 crore and an offer for sale of Rs 300 crore by existing shareholders.

Also read: Risk-on trade back? Smallcap stocks rally up to 28% in 2026, but market breadth stays weak

Business and financials

Aye Finance is a non-banking financial company (NBFC) focused on providing small-ticket secured and unsecured loans to micro and small enterprises (MSMEs). It serves over 5.86 lakh active customers across 18 states and three union territories.
For FY25, the company reported total income of Rs 1,504.99 crore and profit after tax of Rs 175.25 crore. For the six months ended September 2025, income stood at Rs 863.02 crore, while PAT came in at Rs 64.60 crore, reflecting some moderation in profitability.With subscription only marginally above 1 time and negative GMP signals, investors will closely track institutional participation and secondary market mood on listing day. The performance could hinge on sentiment towards financial stocks and appetite for NBFC names in the current market environment.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)

The UK’s gender pay gap will not close for another three decades if progress continues at its current rate, according to the Trades Union Congress (TUC).

Analysis of official earnings data by the union body shows that the average disparity between men’s and women’s pay stands at 12.8%, equivalent to £2,548 a year. At that pace of improvement, the gap would not be eliminated until 2056, the TUC said.

The gap varies sharply by sector. In finance and insurance it is widest at 27.2%, while in leisure services it is just 1.5%. Even in female-dominated sectors such as education and health and social care, the pay gap remains significant at 17% and 12.8% respectively.

The gender pay gap reflects the difference in average earnings between men and women across organisations and industries. Companies with more than 250 UK employees are legally required to publish gender pay data.

The TUC said the disparity means the average woman “effectively works for 47 days of the year for free” compared with male colleagues.

“Women have effectively been working for free for the first month and a half of the year compared to men,” said TUC general secretary Paul Nowak. “With the cost of living still biting hard, women simply can’t afford to keep losing out.”

The pay gap is largest among workers aged 50 to 59, a trend the TUC attributes partly to the long-term impact of women pausing or scaling back careers to take on caring responsibilities.

The union federation is calling for improved access to flexible working, expanded childcare provision and stronger parental leave policies to help narrow the gap. Nowak described the government’s recent Employment Rights Act as “an important step forward”, but argued further action was needed so parents could better share caring duties.

Business groups have previously warned that additional employment rights and benefits could increase costs for employers. Matthew Percival, director of the future of work and skills at the Confederation of British Industry (CBI), said firms were already facing significant pressures.

“The cost of doing business is leading to job cuts,” he said. “With major changes to employment laws coming, the government must take care not to add further strain.”

Under new rules, employers will be required to publish action plans setting out how they intend to reduce their gender pay gap.

A government spokesperson said ministers were “tackling the root causes of the gender pay gap” through measures including expanded childcare entitlements, strengthened protections for new mothers and changes to flexible working rights.

Despite incremental progress in recent years, the latest figures suggest that without faster reform and structural change, pay parity remains a distant prospect.

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Operator

Thank you for standing by, and welcome to the oOh!media Limited OML FY ’25 Results Presentation. [Operator Instructions]

I would now like to hand the conference over to Mr. James Taylor, MD and CEO. Please go ahead.

James Taylor
CEO, MD & Director

Good day, everyone, and thanks for joining us today. I’m James and I joined oOh!media as CEO and MD on the 8th of December. It’s a privilege to join oOh! and lead a business that plays such an important role in Australia’s media and urban landscape.

Out of Homes, a medium I’ve long admired, including as a customer. Having had my feet under the desk at oOh! for just over 8 weeks, I can say that the attractiveness of oOh! as ANZ’s #1 player has only been reinforced. To me, that attractiveness is underpinned by the variety of formats we offer, their physicality and that in an increasingly virtual digital world, it’s part of the last growing physical media channel. The fact that it’s premium and completely embedded into the rhythm of everyday life only adds to this.

The transparency and brand safety that Out of Home provides to both clients and consumers is a huge differentiator. There’s nothing hidden. What you see is what you get. And in today’s media landscape, that clarity is increasingly valuable and recognized by marketers. Out of Home is built into the very fabric of our cities, unskippable and unmissable as people

A nationwide recall has been issued for a baby fruit purée after federal testing found elevated levels of patulin, a toxin that can pose health risks with prolonged exposure.

Initiative Foods announced Friday that it is recalling one lot of its “Tippy Toes” Apple Pear Banana Fruit purée following the test results.

Patulin is a naturally occurring toxin produced by molds that can develop in fruits, particularly apples. Prolonged ingestion of the substance may lead to adverse health effects, including potential immune suppression, nerve damage, headaches, fever and nausea.

According to the U.S. Food and Drug Administration, no illnesses or injuries have been reported.

RECALL EXPANDS TO NEARLY 1M FRIGIDAIRE MINIFRIDGES SOLD AT TARGET OVER FIRE HAZARDS

The product was distributed nationwide in grocery stores in all states except Alaska and may also have been sold in Guam and Puerto Rico, the FDA said.

Consumers are urged to check the “Best By” date stamped on the bottom of each plastic tub for “BB 07/17/2026.” The affected packaging is also marked with code “INIA0120.”

TRIO OF DAIRY GIANTS RECALL INFANT FORMULA OVER CONTAMINATION FEARS

The company advises anyone who purchased the product with that date to stop using it immediately and dispose of it or return it to the place of purchase for a refund.

Consumers with health concerns after consumption should contact a healthcare provider.

13K POUNDS OF READY-TO-EAT GRILLED CHICKEN BREASTS RECALLED OVER POSSIBLE LISTERIA CONTAMINATION

Retailers have been instructed to check inventory and remove the affected lot from sale or distribution.

“At Initiative Foods, the safety of our consumers and their families is our highest priority,” CEO and President Don Ephgrave said. “We are cooperating with the FDA to ensure strict review and enhanced safety measures across all our products. We thank our retail partners and customers for their understanding and prompt action on this matter.”

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For additional recall information, consumers and retailers can call 1(855) 215-5730.

Mumbai: India’s largest bourse, the National Stock Exchange of India (NSE), has hit another roadblock in its decade-long journey to go public. A writ petition has been filed in the Delhi High Court challenging the no-objection certificate (NOC) issued by the Securities and Exchange Board of India (Sebi) for NSE’s proposed initial public offering (IPO). The petition, filed on February 10 by New Delhi resident and former judicial officer KC Aggarwal, 72, questions Sebi’s January 30 clearance and could delay NSE’s much-anticipated listing once again. ET has reviewed the petition.

The exchange has been trying to go public since 2016, but repeated regulatory scrutiny and past controversies have kept the plan on hold. The Delhi High Court is expected to take up the matter on Monday or later this week, with its decision likely to influence the next steps in NSE’s listing saga.

At the heart of Aggarwal’s petition is Sebi’s framework on Corporate Action Adjustments (CAA), introduced to ensure “value neutrality” in derivatives trading during bonus issues, stock splits and extraordinary dividends. In simple terms, it means derivative traders’ economic positions should remain unchanged before and after such corporate actions. Aggarwal alleges that NSE violated this framework. Instead of adjusting both price and quantity, NSE changed only prices, debiting dividend-equivalent amounts directly from derivative traders’ accounts, including that of Aggarwal. Under the Securities Contracts (Regulation) Act, dividends belong only to shareholders, not derivatives traders.

“The impugned debit is therefore ultra vires the statute,” he said in the petition.

Aggarwal said his complaints to NSE were closed without a hearing, and Sebi upheld the exchange’s actions without independent review. Right to Information (RTI) requests seeking details of the debited funds were repeatedly rejected, creating a “complete information vacuum” and emails to the Sebi chairperson remained unaddressed as of January 2026, he added.

His complaint to Sebi outlined how funds were misappropriated from derivatives traders under the pretext of CAA in violation of Sebi rules, the impermissibility of off-market derivative transactions and the serious implications for investor protection and market integrity. He had asked that Sebi not grant any approval for NSE’s IPO until the matter was fully investigated and addressed.

Despite unresolved statutory violations, opaque fund flows and systemic concerns, Sebi cleared NSE’s IPO, Aggarwal said. The writ seeks “regulatory accountability, enforcement of statutory and circular-based duties, and an interim restraint to prevent irreparable prejudice to public investors.” Sebi didn’t respond to queries on the matter.

The market regulator’s January 30 NOC allows NSE to formally kick off the IPO process–appoint bankers and legal advisers and start drafting the listing documents.

The wait for the exchange’s IPO has been one of India’s most prolonged and closely watched, with the first application submitted to Sebi on October 18, 2016. The regulator initially withheld approval due to concerns related to a co-location case, governance lapses at the bourse, and issues with its technology infrastructure. Since then, NSE has repeatedly approached Sebi for clearance. After Tuhin Kanta Pandey took charge as Sebi chief in March 2025, he formed an internal committee to examine the NSE IPO issue.

Costco is officially retiring a decades-old system customers have long found frustrating as part of its latest major digital overhaul.  

Customers will soon be able to place custom cake and deli tray orders directly through the company’s mobile app and website. Previously, shoppers were required to drive to Costco just to fill out paper order forms in-store. 

Executives of the major retailer said the upgrade, which would streamline orders from start to pickup, addresses an outdated process they described as “clunky.” 

“Very excited about what we have coming in the app,” CEO Ron Vachris said.

“We’ve got ordering cakes and deli trays online coming. So many of the things that we’ve heard from our members that could be a little bit clunky are now moving to a digital state, and we’re seeing great adoption right out of the chute.”

SOME GIFT CARDS SOLD AT COSTCO ARE NOW WORTHLESS

The new online ordering system is expected to include sheet cake options as well as customizable cakes, allowing customers to choose sizes, shapes, flavors, designs and inscriptions from a catalog of available cake options.

COSTCO’S POPULAR BARGAIN MEAL AT CENTER OF NEW LAWSUIT

The major retailer did not provide a specific date for when the system will be fully implemented across all locations. Fox 11 Los Angeles said customers can expect the “Order Grocery/Bakery” feature in the app by the end of 2026. 

If the feature follows a process similar to the current paper-based system, cakes and deli trays should be ready within 24 to 48 hours.

COSTCO’S LESSER-KNOWN MEMBERSHIP BENEFITS, EXPLAINED

Ticker	Security	Last	Change	Change %
COST	COSTCO WHOLESALE CORP.	1,018.48	+19.62	+1.96%

The move will give customers easier access to Costco baked goods, especially for those who must travel long distances to reach a store. 

In a 2023 Reddit post, one social media user described Costco’s cake-ordering process as inconvenient and time-consuming.

“I live 40ish minutes from my local Costco, so yes, an online order process would be very nice,” the user said. 

Another responded, echoing the same sentiment.  

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“Same. I really don’t want to drive there two days in a row… when it’s my Birthday,” they wrote.