New Delhi : Quick commerce platform Zepto plans to launch its Rs 11,000-crore IPO in July, people familiar with the matter said on Thursday. If the listing goes through, Zepto will join rivals Zomato and Swiggy, which are already listed on stock exchanges. The startup secured approval for its maiden public issue from Sebi earlier…
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Gold and silver prices moved slightly higher in the spot market on Thursday as traders maintained a cautiously positive outlook amid ongoing tensions between the US and Iran, while elevated global crude oil prices continued to fuel inflation concerns. In Delhi’s spot market, gold with 99.9% purity extended its gains for a third consecutive session,…
Mumbai : LIC reported a 19.3% rise in standalone profit after tax to Rs 57,419 crore for FY26, with a 41.6% surge in value of new business, reflecting improved product mix and steady premium growth. The insurer’s total premium income rose 9.8% to Rs 5,35,984 crore in FY26 from Rs 4,88,148 crore a year earlier….
Oil prices climbed on Friday as investors remained uncertain about the prospects of a breakthrough in ongoing US-Iran peace negotiations, while concerns over supply disruptions through the Strait of Hormuz continued to support the market.Brent crude futures rose $2.38, or 2.3 per cent, to $104.96 a barrel by 0034 GMT, while US West Texas Intermediate…
NEW DELHI: LG Electronics India reported an 8.2% decline in its net profit to Rs 692.7 crore for the March quarter from a net profit of Rs 754.5 crore during the Jan-March period a year ago. Its revenue from operations rose 8.1% to Rs 8,053.6 crore in the March quarter of FY26. It was Rs…
NEW DELHI: The first ever index of services production (ISP) is set to be released around July, complementing the new index of industrial production (IIP) series, which will come out on June 1 with the revised base year 2022-23. This new index, which has been in making for several years, will help assess the shortterm…
The average long-term US mortgage rate climbed this week to its highest level in nearly nine months, raising borrowing costs for homebuyers during what is traditionally the busiest season for the housing market, AP reported.The average rate on a 30-year fixed mortgage rose to 6.51 per cent from 6.36 per cent last week, according to…
Market regulator Sebi on Thursday proposed changes to the price discovery mechanism through call auction sessions for IPOs and re-listed stocks, seeking to improve price discovery and address concerns around artificially suppressed pricing, PTI reported.In a consultation paper, Sebi suggested revising the methodology used for determining the base price of re-listed stocks.Under the proposal, if…
Bengaluru: Tariq Premji, son of billionaire philanthropist and Wipro founder Azim Premji, has bought a luxury duplex penthouse in central Bengaluru for Rs 45.7 crore, according to property registration documents shared via Zapkey.The apartment is located at “27 Summit,” an ultra-luxury residential tower in Sampangiramnagar near the city’s CBD. The project has been developed by…
