Zepto plans to file for an IPO around March-April 2024 after securing approval to move its holding entity to India from Singapore. The National Company Law Tribunal will hear its reverse merger application on January 17. Zepto aims to become the first standalone quick-commerce firm to go public, amidst competition from Zomato-owned Blinkit and Swiggy’s Instamart.
Q3 earnings recovery could trigger market upswing: Nikhil Ranka
Nikhil Ranka from Nuvama Asset Management suggests that the market has corrected, presenting an 8–9% upside from the Nifty’s fair value. IT stocks appear to