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Quick commerce firm Zepto has held discussions to raise another $100-150 million from a group of domestic family offices and high-net-worth individuals (HNIs) at a pre-investment valuation of $4.6 billion, sources aware of the matter said. The Mumbai-based startup has raised $340 million at the same valuation in August after which it was valued at $5 billion. Motilal Oswal Group’s private wealth arm is running the mandate for the fundraise and Motilal Oswal Asset Management Company has already committed about $40 million in this round, per sources. ET first reported on August 29 saying Motilal Oswal Financial Service chairman Raamdeo Agrawal has backed Zepto in his personal capacity. Agarwal has also invested in Swiggy’s pre-IPO placement which has gathered lot of interest among high-net worth individuals and family offices.

Vedanta Ltd. traded 1.35 per cent down in Thursday's trade at 12:37PM (IST). Around 1,752,628 shares changed hands on the counter. The counter opened at Rs 488.0 and touched an intraday high and low of Rs 492.8 and Rs 478.85, respectively, in the session so far. The stock of Vedanta Ltd. quoted a 52-week high of Rs 523.6 and a 52-week low of Rs 211.25.

Shares are mostly higher in Asia after U.S. stocks rose following better-than-expected profit reports from Morgan Stanley, United Airlines and other big companies

Japan has reported its exports to key destinations like China fell in September, leading it to rack up a trade deficit of about $2 billion for the month

In the remote village of Kamimomi in Japan’s western Okayama Prefecture, a small group of rice farmers began their most recent harvest in sweltering heat, two weeks sooner than usual

Subscribe to enjoy similar stories. Mineral stocks, quiet through much of 2024, are heating up ahead of what promises to be an exciting 2025. Top investors anticipate a promising year for these stocks, with Dolly Khanna, making a strategic entry into one such company after Rekha Jhunjhunwala bought and sold shares of Raghav Productivity Enhancers, which manufactures and exports quartz-related products Dolly Khanna is an investor in Chennai who is known for picking some lesser-known mid caps and small caps.

Subscribe to enjoy similar stories. India’s financial sector has grown rapidly in recent years. According to a ministry of finance press release dated 22 July, India’s market-capitalization-to-GDP ratio ranks fifth globally and primary markets facilitated capital formation of ₹10.9 trillion in 2023-24, up from ₹9.3 trillion in 2022-23.

Subscribe to enjoy similar stories. As Beijing dispatched its military Monday in a show of force that encircled Taiwan, China’s coast guard posted a map showing its ships ringing the island in a heart-shaped formation, describing it as “an act of love." To Taiwan, the social-media message was just one piece of China’s multifaceted campaign to intimidate, isolate and influence the people and leaders of the island democracy to give up their commitment to self-rule. Alongside its most high-profile tactic—sending a message of military dominance—China is employing what Taiwan says is an expanding army of hackers, diplomats, prosecutors and celebrities in its effort to persuade Taiwan to submit to Beijing.

Shalini is a crypto reporter who provides in-depth reports on daily developments and regulatory shifts in the cryptocurrency sector.

Centrum Wealth Management Limited has reduce call on HDFC AMC with a target price of Rs 4,545. The current market price of HDFC AMC is Rs 4,794.5. HDFC AMC, incorporated in the year 1999, is a Large Cap company (having a market cap of Rs 101840.51 Crore) operating in Financial Services sector. HDFC AMC key Products/Revenue Segments include Investment Management & Advisory Fees and Income From Portfolio Management Services for the year ending 31-Mar-2024.

Assam Accord, sets the framework for granting citizenship to certain migrants in Assam. Chief Justice DY Chandrachud, along with Justices Surya Kant, MM Sundresh, and Manoj Misra, supported the decision, while Justice JB Pardiwala dissented. The Assam Accord, signed in 1985 between the Indian government and the representatives of the Assam Movement, was a response to the 1971 Bangladesh Liberation War, which resulted in a large influx of migrants into Assam. Section 6A was enacted as a humanitarian measure and allows individuals who migrated between January 1, 1966, and March 25, 1971, to obtain Indian citizenship under certain conditions.

Digital Fashion Ventures Ltd, a wholly owned subsidiary of Aditya Birla Fashion and Retail Ltd, has invested Rs 75 crore in Wrogn, the men's wear brand backed by Accel and cricketer Virat Kohli. “ABDFVL, a wholly owned subsidiary of the company, has infused Rs 75 crore of the final remaining portion of the stated primary investments into Wrogn, thereby increasing its shareholding in Wrogn, from existing 17.10% to 32.84% on a fully diluted basis,” the firm said in a stock exchange filing. On June 19, ET reported that TMRW House of Brands, an ecommerce rollup venture owned by Aditya Birla Group Venture, had invested Rs 125 crore in Wrogn.

Subscribe to enjoy similar stories. Retail inflation estimates for September 2024 released earlier this week based on the Consumer Price Index (CPI) have confirmed fears of an upswing driven by food prices. Rural retail inflation is at 5.9% and the urban figure at 5%, with overall inflation at 5.5% on a year-on-year basis.

The BSE Sensex was up 41 points, or 0.05%, trading at 81,543, while the Nifty50 was down 14 points, or 0.06%, at 24,957 around 9:20 am.

Durga idol immersion procession in Bahraich on October 13, sparking arson and violence in the Uttar Pradesh district, died due to «shock and excessive bleeding.» This was stated by Bahraich Chief Medical Officer (CMO) Dr Sanjay Kumar after the postmortem examination revealed that as many as «25 to 30 pellets» were found on the deceased's body, which also had injury marks. «The report revealed that there were serious injury marks around the left eye and on the toenails,» Dr Kumar said. He said the postmortem was done by a panel of three doctors late on Sunday night and its videography was also done. ADG Gorakhpur KS Pratap told journalists that Mahsi's Circle Officer Rupendra Gaur has been removed and attached to the SP office due to «negligence» in Sunday's incident.

underground bunkers used by Yemen's Houthi rebels, officials said. It wasn't immediately clear what damage was done in the strikes. However, it is incredibly rare for the B-2 Spirit to be used in the strikes targeting the Houthis, who have been attacking ships for months in the Red Sea corridor over the Israel-Hamas war in the Gaza Strip.

Tim Alper is a British journalist and features writer who has worked at Cryptonews.com since 2018. He has written for media outlets such as the BBC, the Guardian, and Chosun Ilbo. He has also worked...

Mphasis shares will be in focus on Thursday after the company reported a 4.6% sequential increase in net profit for the quarter ending September. The net profit stood at Rs 423 crore, up from Rs 404 crore in the first quarter. Revenue for the second quarter of fiscal 2025 rose by 3.3% to Rs 3,536 crore, compared to Rs 3,422 crore in the previous quarter.

JD Vance has repeatedly deflected questions about whether the Republican presidential nominee lost the 2020 election, saying he was focused on the future. During a rally in Pennsylvania on Wednesday, where Vance was asked by a reporter about his lack of straight answers so far, he was more declarative. «What message do you think it sends to independent voters when you do not directly answer the question Did Donald Trump lose in 2020?'» the reporter asked, eliciting boos from the crowd before Vance responded, saying he has answered the question «a million times.» «No. I think there were serious problems in 2020,» Vance said. «So, did Donald Trump lose the election? Not by the words that I would use, OK?»

LTTS) shares will be in focus on Thursday following the company's report of a marginal 2% increase in its consolidated net profit, reaching Rs 320 crore for the quarter ended September 2024, up from Rs 315 crore a year ago. In the same reporting period, revenue from operations rose by 8% year-on-year (YoY) to Rs 2,573 crore, compared to Rs 2,386 crore in the previous year.

Piyush Goyal recently held a crucial meeting with several prominent stakeholders from the pharmaceutical industry to address concerns of pharmaceutical exporters. The meeting held on Wednesday was attended by the General Secretary of the Indian Drug Manufacturers Association (IMDA), along with several other prominent stakeholders from the pharmaceutical industry. According to a statement by minister's office, the discussions aimed to address the pressing challenges faced by pharmaceutical exporters and explore potential solutions to enhance India's global standing in the sector.