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Zepto's IPO filing shows the challenge of cracking quick-commerce economics

New Delhi, June 11 -- Zepto's updated draft red herring prospectus shows a quick-commerce business still working through a basic question: how to make speed cheaper. Its average delivery cost per ord... Read More


Maan-Hinjewadi to Baner phase of metro line 3 to open by July 15; services to Shivajinagar by August 15: PMRDA chief

India, June 11 -- The first phase of the much-awaited Pune metro line 3 connecting Maan-Hinjewadi and Baner (Ramnagar) is expected to be opened to passengers by July 15 while the corridor will be exte... Read More


Top PSU financiers race to tap RBI's hedge window, eye $5 bn ECBs

Mumbai, June 11 -- Reserve Bank of India's (RBI) new hedging window that lowers the cost of dollar borrowings for the rest of the calendar year is set to spur a fresh wave of overseas fundraising by s... Read More


Stable cereal, pulse and vegetable prices offer relief amid West Asia war-driven inflation concerns

New Delhi, June 11 -- Prices of key cereals, pulses and vegetables have remained stable, providing relief to consumers and policymakers amid concerns that the West Asia war could push up India's food ... Read More


Bahraich: Former Payagpur MLA Mukesh Srivastava held in DA case

LUCKNOW, June 11 -- The Uttar Pradesh Vigilance Establishment on Wednesday arrested former Payagpur (Bahraich) MLA Mukesh Srivastava, also known as Gyanendra Pratap Srivastava, in an alleged dispropor... Read More


Farms to spike diesel, power demand for irrigation as monsoon may falter

New Delhi, June 11 -- India's farm economy could see a surge in diesel consumption and electricity demand this kharif sowing season, as likely below-normal monsoon rains forces greater reliance on gro... Read More


5-member panel to probe reasons behind Gulmarg cable incident

Srinagar, June 11 -- Jammu and Kashmir government on Wednesday formed a five-member committee probe into the circumstances that led to the malfunctioning of Gulmarg cable car services last month. The... Read More


Patrick Mahomes contract: Chiefs make star QB first $500 million player with historic new deal

India, June 11 -- Patrick Mahomes is set to become the first NFL player with a contract worth more than half a billion dollars after the Kansas City Chiefs agreed to a major reworked deal with their s... Read More


Manam Chocolate bets on premium market, raises $9 million

New Delhi, June 11 -- For decades, premium chocolate in India has largely meant imported Belgian and Swiss brands, but three-year-old homegrown player Manam Chocolate believes that is beginning to cha... Read More


PMC to prepare DP for merged villages

India, June 11 -- The Pune Municipal Corporation (PMC) has initiated the process of preparing a development plan (DP) for the 23 villages merged into the city limits and has placed a proposal before t... Read More