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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 >

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 >

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 >

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 >

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 >

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 >

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 >

Companies boost health cover with top-ups for cancer

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Companies are enhancing employee health benefits beyond standard medical insurance. AstraZeneca Pharma India leads by introducing a group cancer care policy. This new coverage supplements existing plans and addresses high treatment costs. Many employers are also investing more in outpatient and wellness programs. This trend reflects a growing focus on comprehensive employee well-being. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/iEHZcyt >

Need to reinvent ways to deal with global challenges: Finance ministry

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India's economy shows resilience despite global challenges and uncertainties. Swift policy responses and implementation are crucial for attracting investment. Rising crude oil prices pose a potential pressure on fiscal and current accounts. The external sector remains resilient due to strong exports and remittances. Adverse weather conditions present a risk to farm output and rural demand. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/kZepFY1 >

US Federal Reserve meet today: Kevin Warsh-led FOMC keeps interest rates unchanged

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The US Federal Reserve, which began its two-day policy meeting on Tuesday, was widely expected to leave its benchmark interest rate unchanged. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/8k1ZQfe >

As inflation bites, HUL to take more price hikes

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Hindustan Unilever anticipates further price increases in coming months due to volatile commodity costs. The company projects inflation to remain between two and five percent for the September quarter. Demand for household staples remained stable, driving growth to a thirteen-quarter high. HUL's revenue from operations increased by ten percent in the first quarter. The company will continue to pursue volume-led revenue growth across its diverse product portfolio. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/EFZPNiv >

Industrial output grows 7.3% in June, fastest in 22 months

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Industrial production surged 7.3% in June, a 22-month high, driven by manufacturing and electricity growth. This strong performance occurred despite global uncertainties and an erratic monsoon season. The first quarter saw industrial output grow 5.8% compared to the previous year. Several manufacturing sectors, including electrical equipment and motor vehicles, showed robust expansion. However, risks from high input prices and slowing global growth may moderate future output. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/4FxgCQb >

For ease of liquidity & business, government to amend MSME Act

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New amendments to the MSME Development Act will ensure faster payments for small businesses. Mandatory digital invoicing and stronger protections against delayed payments are proposed. The government aims to improve liquidity for these vital enterprises. Dispute resolution will be accelerated through new facilitation councils. A free national digital registration platform will also be introduced. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/cdrMtwe >

'Extra payout' to Maharashtra PSU: HDFC board slaps Rs 1 lakh fines on MD, CFO

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HDFC Bank's board penalized top executives over deposit arrangements with MSRDC. The internal review found business overreach but no personal gain or mala fide intent. Top executives received nominal penalties and warning letters following the review's recommendations. This action comes as the RBI pushes boards for greater oversight and before the CEO's term ends. The bank will formally communicate the matter and its findings to the Reserve Bank of India. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/5L67s9J >

Tata Sons' AGM may face hurdle over quorum clause

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Tata Sons' upcoming annual general meeting faces a quorum challenge. This issue could affect the reappointment of chairman N Chandrasekaran. A charity commissioner's order prevents a key trust from nominating a representative. Without this nominee, the meeting's quorum requirement cannot be met. This situation may delay crucial business and Chandrasekaran's directorship. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/qGTKX7e >

July FPI inflows touch Rs 42,000 crore, top February record

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Foreign portfolio investors became net buyers of Indian equities in July. This marked a reversal after four months of significant outflows from the market. Total foreign inflows reached their strongest point this year, surpassing February's figures. Equity segment saw intense selling pressure earlier, with substantial outflows recorded. Debt markets remained resilient, attracting significant inflows throughout the year. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/lHyGzxI >

IPO rush ahead: Zepto, Shiprocket and 12 more firms to hit primary market; eye Rs 25,000 crore-plus fundraising

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India's IPO market is preparing for a busy month with many companies planning public offerings. Over a dozen firms are expected to launch initial public offerings, raising over Rs 25,000 crore. These upcoming issues span diverse sectors like quick commerce, housing finance, and education infrastructure. This activity follows sustained momentum in the primary market throughout the current year. Market participants anticipate robust fundraising as companies leverage improving investor sentiment. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/bc3PsUT >

Stock market outlook: Fed policy, crude oil prices and Q1 earnings to drive trade

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Markets anticipate another volatile week as investors track Middle East developments and oil prices. The US Federal Reserve's policy meeting outcome will also significantly influence investor sentiment. Domestic economic signals will emerge from the release of June Industrial Production data. A busy earnings season featuring heavyweight companies is expected to drive stock-specific movements. Investors will closely scrutinize the Federal Reserve's assessment of inflation and growth. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/ZP4odHR >

Tariffs on trial: Small businesses take Trump's latest trade levies back to court

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Two groups of small businesses are challenging Donald Trump's latest tariffs in court. These new levies target goods from sixty trading partners and cover nearly all US imports. Businesses argue the administration failed to justify these measures against individual economies. They contend the tariffs replace previous worldwide duties struck down by the Supreme Court. Legal experts believe these new tariffs will likely remain in place for an extended period. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/LpSuavz >

Forex schemes: BoB, BoI target over $6bn mop-up

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