Here are three significant finance news updates from India today:

1. **ECOS (India) Mobility IPO**: ECOS (India) Mobility & Hospitality, a chauffeur-driven car rental service provider, has launched its initial public offering (IPO) today. The IPO is valued at Rs 601.20 crore and will remain open for bidding until August 30. The company aims to sell shares within a price band of Rs 318-334 per share. The proceeds from the IPO, an offer-for-sale (OFS) of up to 1.80 crore equity shares by its promoters, will go to the selling shareholders, with no direct benefit to the company itself【15†source】.

2. **India’s Q1 GDP Growth**: India’s GDP growth for the first quarter of the fiscal year 2024-25 may have slowed to 6.85%, according to a poll by Mint. This marks a deceleration compared to previous quarters, reflecting several economic challenges such as slowing demand and tighter