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Zepto to delay IPO by 2-3 qtrs, CEO tells staff

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Zepto will delay its public listing by two to three quarters. The quick commerce startup faced tepid investor response on its valuation. Domestic investors offered valuations significantly lower than its last funding round. The company now seeks Rs 1,000 crore in pre-IPO funding. Zepto aims for a lower valuation of around $4-4.5 billion for this investment. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/x9TGMVO >
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Sebi bars Zee’s Chandra, Goenka from market for 1 year

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Sebi has banned Zee group's Subhash Chandra and Punit Goenka for one year. They fraudulently pledged Zee Entertainment Enterprises land parcels as security for personal loans. Chandra and Goenka misused their positions, risking the company's assets for personal gain. The regulator also imposed fines on Chandra, Goenka, and the company for these fraudulent acts. This action was taken after a thorough investigation into the 2018 transactions. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/WjdE4Fc >
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Gold loans jump 94% y-o-y, fuel bank credit growth in Q1

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Gold loans fueled a significant acceleration in bank credit during Q1FY27. This segment expanded by 93.8% year on year, adding substantial value. Overall bank credit also saw robust growth, crossing a significant milestone. Credit to industry recorded its highest first-quarter expansion in recent years. Vehicle loans and medium enterprises also showed strong performance. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/qsAMCoO >
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Moody’s assigns Baa2 rating to RBL Bank, 1st for lender

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from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/OGobuIE >
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Tata Steel ends 25-year joint-venture with German company Martrade

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Tata Steel is acquiring Martrade's stake in their joint shipping venture for Rs 335 crore. This move ends a twenty-five-year partnership with the German logistics group. The company also committed Rs 33,873 crore for capacity expansion at Neelachal Ispat Nigam. This expansion will bolster its long products portfolio and branded retail offerings. Tata Steel reported a 19% net profit rise and 15% revenue increase in Q1 FY27. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/K0MPvuT >
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AI labs proving why IT companies still matter: Infosys CEO Salil Parekh

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Salil Parekh led Infosys to double revenue and secure significant large deals. He focused on disciplined execution and a stable company culture. Infosys sees AI services as a substantial long-term growth opportunity. The company's strong client relationships provide a natural advantage. Internal leaders were chosen for the next CEO role due to their extensive experience. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/KbWzV62 >
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Formal retail credit access doubles over past decade

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Formal retail credit penetration in India more than doubled over the past decade. Consumption-led lending, including personal loans, drove this significant growth. Credit access expanded to younger borrowers and women across India. Northern and central states saw increased credit activity, while western and southern regions moderated. This shift reflects credit being used for lifestyle rather than asset acquisition. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/XBvstr3 >
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