E-commerce platform Meesho’s market capitalization surged past ₹1 lakh crore within seven sessions of its listing, closing Thursday at ₹234 per share. This significant growth, up 37% since its December 10th debut, is attributed to its focus on Tier 2 and 3 city consumers and a robust, asset-light business model generating positive cash flows.
US stocks: US market ends mixed as investors focus on Big Tech earnings
Wall Street closed mixed as investors awaited tech earnings and feared rate hikes. Oil prices fell after President Trump discussed peace talks with Iran. Major