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zepto logo seen on a smartphone

Zepto files updated DRHP for $1bn IPO

MUMBAI: Q-comm player Zepto on Monday filed its updated draft IPO papers with markets regulator Sebi, taking it a step closer to its public listing targeted some time in July.The startup is seeking to raise up to Rs 8,010 crore through fresh issue of shares. A bunch of the company’s existing investors including Nexus Venture...
centrum sees rbi extending rate pause till october despite inflation risks

RBI to fully absorb forex risks, inflows may see $50bn boost

MUMBAI: Reserve Bank of India has opened the dollar tap by taking on the currency risk itself to draw in overseas money, while nudging state-owned borrowers to look abroad for cheaper funds.RBI will not charge any premium for swapping dollars raised through foreign currency non-resident bank FCNR(B) deposits, effectively absorbing the entire forex risk and...
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Asia tech stocks rebound after Wall Street chip shares recover

Images of mobile devices at the Taiwan Semiconductor Manufacturing Co. (TSMC) Museum of Innovation in Hsinchu, on Tuesday, Jan. 11, 2022. I-Hwa Cheng | Bloomberg | Getty Images Asian technology stocks rebounded Tuesday, tracking Wall Street’s gains, as investors returned to artificial intelligence-linked names. South Korean memory chip giant SK Hynix climbed 6.44%, while Samsung...
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