Profitability a concern as Zepto lines up IPO

BENGALURU: Quick commerce platform Zepto is pitching a high-volume model to public market investors as it prepares for its IPO, arguing that scale, density and advertising will eventually drive profitability.The company’s updated draft red herring prospectus (DRHP) shows a business growing rapidly on orders but still trailing market leader Blinkit on profitability.Zepto processed 210 million…

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Stock Market Live Updates Today: BSE Sensex opens almost 300 points up, Nifty50 above 23,300 despite crude oil price rise on fresh US-Iran tensions

“Indian equity markets are expected to open on a cautious negative note, with Gift Nifty trading at 23250, down by 100 points, as Asia-Pacific markets traded lower following weakness in US technology stocks and escalating geopolitical tensions after U.S. strikes on Iran after an Apache helicopter incidentIn the previous session, the Nifty 50 rebounded by…

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‘Sad way to go’: Ex-England cricketer breaks silence on Ben Stokes retirement rumours | Cricket News

England’s Ben Stokes (AP Photo) Ben Stokes has found himself at the centre of fresh scrutiny after reports linked the England captain to a nightclub incident involving a Saracens rugby player. The controversy has sparked questions about both his leadership role and his long-term future in the game.Stokes, along with England fast bowler Gus Atkinson,…

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OpenAI joins AI giants, files for US public listing

ChatGPT creator OpenAI became the third major artificial intelligence developer to confidentially file for a public listing Monday, joining rivals in an IPO pipeline now worth some $3.6 trillion.SpaceX, which is officially known as Space Exploration Technologies Corp, is preparing for an IPO that would value the company at about $1.8 trillion. Anthropic raised funds…

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