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Zepto to delay IPO by 2-3 quarters, CEO tells staff
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
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CWG 2026: India’s finest day in Glasgow yet! Six medals, 10 boxing finalists
India produced its biggest day of the 2026 Commonwealth Games, winning six medals to take its tally to 23. Historic judo golds for Asmita Dey and Harsh Singh, athletics medals from Tejaswin Shankar, Neeraj Chopra and Yash Vir Singh, plus a perfect 10-for-10 boxing run into finals highlighted a memorable Day 9 in Glasgow.
Business
Sebi bars Zee’s Chandra, Goenka from market for 1 year
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
Business
Gold loans jump 94% y-o-y, fuel bank credit growth in Q1
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.
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Monsoon likely to be ‘below normal’ in Aug-Sept: IMD
India’s monsoon rainfall is expected to be below normal during August and September. This forecast is influenced by the continuing risk of El Niño, which often weakens the monsoon. July rainfall, however, turned out to be normal due to plentiful showers in central India. These showers helped reduce the overall monsoon rainfall deficit significantly by
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16.4% deleted in Haryana draft roll; 10.8% in Andhra Pradesh
Draft voter rolls in Haryana and Andhra Pradesh reveal significant exclusions. Over sixteen percent of Haryana’s electorate and over ten percent in Andhra were removed. Reasons cited include deaths, permanent shifts, and multiple registrations. However, genuine voters can still be added during the claims period. This process allows for corrections and additions to the electoral
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PM Modi: I forgive those who abused me & my mother, our job to guide them
Prime Minister Narendra Modi will forgive young protesters accused of abuse. He stated these misguided children need guidance and correction, not punishment. The Prime Minister believes punishing them will not change circumstances effectively. Mistakes made at a young age present an opportunity for correction and societal acceptance. This decision indicates that cases against these youngsters
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Tahir Hussain gets life for IB staffer’s killing in 2020 riots
A Delhi court sentenced former AAP councillor Tahir Hussain and four others to life imprisonment. They were convicted for the murder of Intelligence Bureau staffer Ankit Sharma. The court found Sharma was lynched solely on account of his religion during the 2020 riots. While the prosecution sought the death penalty, it was declined by the
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‘Dhurandhar’ gangster’s brother shot in Karachi
Zubair Baloch, brother of jailed gangster Uzair Baloch, was critically wounded in a drive-by shooting. Two masked assailants on a motorcycle opened fire, striking him in the chest and abdomen. Zubair was rushed to Civil Hospital Karachi for emergency surgery after the attack. Police are investigating personal enmity and potential gang war resurgence as motives.