But broader economic conditions and sustained losses could push Uber to merge with rivals in India and the Middle East, particularly as Uber and India-based Ola share an investor in SoftBank Group Corp.

The controversy is likely to cast a shadow over the South's biggest conglomerate, which eyes pharmaceutical and healthcare businesses as a future engine for growth beyond its flagship businesses of mobile handsets and microchip production.

A total of 15 companies have been listed on the bourses this fiscal after completing their respective initial public offers. Dinesh Engineers, a passive communication infrastructure provider, withdrew its initial public offer early last month due to sluggish investors' response.

A dive into the role of coal in a world dominated by renewables.

Five out of six debutants in the top 100 rankings are from the financial services sector.