Zepto Files for IPO - ₹8,010 Crore on the Table

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Jun 09, 2026

Zepto Files Updated DRHP with SEBI to Raise ₹8,010 Crore

Zepto filed an updated draft red herring prospectus with SEBI on June 8, 2026, targeting a fresh issue of ₹8,010 crore along with an offer for sale by early investors. As of March 2026, Zepto operated 1,139 dark stores across multiple cities with over 46,000 SKUs, and was processing more than 2.3 million orders per day. Its order volume has grown at a CAGR of 119.5% between FY2024 and FY2026.

💬 Expert Take — “Zepto’s IPO is a litmus test for India’s quick-commerce sector — strong unit economics and scale will determine whether the market rewards growth or demands profitability first.”

Govt Spent ₹1.23 Lakh Crore to Keep Petrol-Diesel Prices Frozen for 78 Days

The government spent ₹1.23 lakh crore to absorb fuel price pressures and keep retail petrol and diesel prices unchanged for 78 days. The revelation puts the fiscal cost of the price freeze into sharp focus, particularly as crude oil remains elevated amid Middle East tensions.

Crude Falls Below $100 — What Iran War Risk & China Imports Mean for India

Crude oil dipping below $100 per barrel offers a potential breather for India’s import bill and inflation trajectory. However, Iran war risk and China’s import demand remain key variables that could quickly reverse the trend, keeping markets on edge.

Adani Energy Solutions Acquires IntelliSmart for ₹3,050 Crore

Adani Energy Solutions has signed a deal to acquire 100% of IntelliSmart Infrastructure for ₹3,050 crore, taking its smart metering portfolio to 4.7 crore meters. The acquisition significantly strengthens its position in India’s fast-growing smart grid and energy transition infrastructure space.

India’s Retail Auto Sales Rise 9.6% in May on Rural Demand

India’s auto retail sector grew 9.6% year-on-year in May 2026 across two-wheelers, passenger vehicles, commercial vehicles and tractors. A favourable monsoon and Kharif season are expected to sustain rural demand through FY27, with dealers also seeing rising preference for CNG and electric vehicles.

India’s Pharma Industry Poised to Double to $120 Billion in Five Years

Commerce Minister Piyush Goyal invited global pharma companies to invest in India, stating the $60 billion industry can double in five years. India supplies 65–70% of WHO’s vaccine requirements and hosts the highest number of US FDA-approved manufacturing plants outside the US. Patent filings have nearly doubled in recent years, backed by a ₹92,670 crore government innovation support programme.

TCS Wins Multimillion-Euro AI Deal with Canada Life

TCS signed a multiyear AI transformation and managed services contract with Canada Life, a global life and pensions insurer, to modernise its IT infrastructure across Europe. The deal covers data centres, end-user computing and software lifecycle management, with talent growth planned across the UK, Ireland, Isle of Man and Germany.

mcap of 7 Top-10 Firms Erodes ₹1.25 Lakh Crore; Reliance Hardest Hit

The market capitalisation of seven of India’s ten most valued companies eroded by a combined ₹1.25 lakh crore in the latest week, with Reliance Industries taking the biggest hit. The selloff reflects broader market caution amid crude price volatility and global risk-off sentiment.

Market Update

📈 Sensex: 73,918.76 ▲ 394.50 pts (+0.54%)
📈 Nifty 50: 23,242.10 ▲ 119.10 pts (+0.52%)
🪙 Gold (per gram): 24K ₹15,316 ▲ ₹147 | 22K ₹14,040 ▲ ₹135 | 18K ₹11,487 ▲ ₹110
🥈 Silver (per kg): ₹2,60,000