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

MUMBAI: Zepto will defer its public listing by two to three quarters, co-founder & CEO Aadit Palicha told employees in a town hall on Friday, people familiar with the matter said. The quick commerce startup which was initially eyeing a listing around July has stalled the process after getting a tepid response from investors over…

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Bloomberg delays India’s bond index inclusion

MUMBAI: Bloomberg Index Services has delayed the inclusion of India’s sovereign bonds in its global bond indices, saying recent market reforms need more time to be tested in practice before a decision can be taken.The index provider said that while India has made meaningful progress in improving access for foreign investors, the changes are still…

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India among best markets globally: Cook

NEW DELHI: Apple posted a record June quarter in India, with CEO Tim Cook identifying the country among its best-performing markets globally.During the company’s earnings call, Cook said Apple achieved June-quarter revenue records across every geographic segment, including India, the US, China mainland, Japan, Southeast Asia, Latin America and Western Europe. The company also posted…

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GST rate cuts slow down Q1 tax collection growth

NEW DELHI: Centre’s fiscal deficit hovered around 18% of the full year’s estimate at the end of the first quarter, despite elevated capex and a slower growth in tax revenue due to the impact of GST rationalisation.During April-June, the Centre’s tax revenue was 3.7% higher at just over Rs 9 lakh crore, compared with a…

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CWG 2026: India’s finest day in Glasgow yet! Six medals, 10 boxing finalists and 23-medal tally secured | Commonwealth Games News

India’s biggest day at CWG 2026 sees six medals won, 10 boxers reach finals and the tally rise to 23. India enjoyed one of their finest days of the 2026 Commonwealth Games on Friday, collecting six medals across judo and athletics while also producing a flawless performance inside the boxing ring, where all 10 Indian…

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Moody’s assigns Baa2 rating to RBL Bank, 1st for lender

MUMBAI: RBL Bank has secured a credit rating above India’s sovereign rating with Moody’s assigning the lender a first-time Baa2 long-term issuer and deposit rating, one notch above India’s Baa3 sovereign rating, on expectations of support from its majority shareholder, Emirates NBD Bank. The rating agency assigned a stable outlook.The higher rating follows Emirates NBD’s…

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