E-commerce enabler Shiprocket is gearing up for an IPO, aiming to raise up to Rs 2,342 crore. The company, backed by investors like Temasek, plans to use the funds for platform growth, technology, and potential acquisitions. Shiprocket’s platform assists Indian MSMEs and digital retailers with logistics, payments, and sales, operating an asset-light model.
Banks seek easing of guarantee curbs to draw more NRI funds
Indian banks are asking the Reserve Bank of India to remove a guarantee restriction. This move aims to attract money from the Indian diaspora. Banks
June 1, 2026