Laser Power & Infra Ltd., an integrated manufacturer of power cables, conductors and specialised products for the power transmission and distribution industry, will launch its Rs 742-crore initial public offering on July 9. The issue will close on July 13, according to its red herring prospectus. The IPO comprises a fresh issue of equity shares worth Rs 542 crore and an offer for sale of shares aggregating up to Rs 200 crore by promoter selling shareholders. Net proceeds from the fresh issue will be used towards repayment or prepayment of borrowings amounting to Rs 490 crore, and for general corporate purposes. The company operates three manufacturing units in West Bengal and reported revenue of Rs 2,326 crore and net profit of Rs 151 crore in FY26. Its order book stood at Rs 3,243 crore as of March 31, 2026. Laser Power, which also has an engineering, procurement and construction division, is a licenced stranding partner of US-based TS Conductor, allowing it to locally manuf...
Argentina have a relatively easier road to the latter stages of the FIFA World Cup 2026 compared to some of the other favourites in the tournament. Argentina face the tournament's surprise package Cape Verde in the Round of 32, Australia or Egypt await in the Round of 16, and one of Switzerland, Colombia or Ghana could be the potential quarter-final opponent. Against all these teams, Argentina will be overwhelming favourites to win. Therefore, it won't be a surprise if the reigning champions make it all the way to the semis at the very least. Argentina's easier route has led to certain sections of social media users conspiring whether FIFA themselves want Argentina to win the World Cup again. However, Argentina manager Lionel Scaloni rubbished such suggestion when asked on the matter ahead of their Round of 32 match. "I don't read social media, but today every opinion can become popular no matter its content. We must ignore such unrealistic opinions and focus o...