News Overview

Vedanta notified the exchanges that the regulator had issued this ruling in a filing dated March 12. The company stated in the filing that it is "in the process of taking appropriate legal steps in respect of the same".

Sheetal Agarwal of IIFL caught up with management of the company, which is launching India's largest SME IPO. Edited Excerpts:

The announcement of the QIP originally pushed Macrotech Developers stock to a record high of ₹1,277.90 on the NSE on March 11.

At 1 PM, the Sensex recorded a decline of 568.06 points or 0.77%, standing at 73,099.90, while the Nifty was down by 215.00 points or 0.96% at 22,120.70. Market activity showed 311 shares advancing, 3,038 declining, and 39 remaining unchanged.

BSE SME-listed Veefin Solutions (Veefin) is the global leader in digital supply chain finance.

Popular Vehicles IPO has allocated shares in the public issue as follows: not more than 50% for Qualified Institutional Buyers (QIB), not less than 15% for Non-Institutional Investors (NII), and not less than 35% for retail investors. The price band for the IPO ranges from ₹280 to ₹295 per equity share, with a face value of ₹2.

Spot gold was up 0.1% to $2,158.26 an ounce. US gold futures dropped to $2,163.50, down 0.1%.

Notably, competitors such as Blinkit and Swiggy Instamart, which directly rival Zepto, currently do not impose a platform fee on grocery orders. However, they do charge a platform fee for food delivery orders, albeit initially at a nominal rate of ₹2. As demand increases, some have even hinted at raising this fee, reaching as high as ₹10 during peak periods to capitalize on heightened demand. This suggests the possibility that Zepto may also explore higher fees in the future.

Nazara's founder, Nitish Mittersain, emphasized the company's specific interest in investing in and acquiring gaming studios globally, targeting India's vast base of 500 million gamers and the significant North American market.

According to the firm, the partnership's goals are to promote Madhya Pradesh as a "premier" tourist destination and encourage sustainable tourism growth.