Meesho backers Elevation Capital and Peak XV sell 2.3% stake for ₹1,949 crore
Elevation Capital and Peak XV Partners divested a combined 2.3% stake in Indian e-commerce marketplace Meesho through NSE open-market block deals, valued at ₹1,949 crore.
Elevation Capital and Peak XV Partners divested a combined 2.3% stake in Indian e-commerce marketplace Meesho through NSE open-market block deals, valued at ₹1,949 crore.
RBI Governor Sanjay Malhotra said consumers already bear UPI transaction costs indirectly, while calling merchant-fee decisions premature. The comments keep focus on potential fees for higher-value UPI payments, a possible cost and acceptance lever for retailers.
Ather Energy’s IPO was subscribed about 28% by the second day of bidding, while the retail investor category reached 100% subscription. The split signals stronger early demand from retail investors than from the overall book.
Zomato’s initial public offering was subscribed 1.05 times on the first day of bidding, with retail investors driving early demand.
Resurfacing a report on Q1 2026 (ended March 31, 2026): Delhi-NCR retail leasing reached 0.59 million sq ft, up 45% year-on-year, led by fashion and food-and-beverage occupiers. Malls accounted for 64% of leasing as demand for quality organised retail space tightened.
Resurfacing a move from early April 2026, HSBC had initiated coverage on Lenskart with a Rs 513 target and Hold rating, arguing that much of the growth outlook is priced in. The brokerage saw scope for the eyewear retailer to expand its India network from about 2,500 stores to roughly 7,000, supported by omnichannel operations and sub-one-year store payback.
Temasek-backed dairy maker Milky Mist will open its IPO on August 11, with proceeds earmarked for debt repayment and expansion and modernisation of its Perundurai manufacturing facility. The issue is expected to list on August 18.
Akasa Air CEO Vinay Dube said the carrier is not chasing domestic market share, instead focusing on profitability, financing and fleet growth. The airline has lifted its borrowing limit to ₹3,950 crore and is advancing an MRO facility at Noida International Airport.
A proposed amendment to India’s payment law could enable merchant discount rates on selected digital payments, including high-value UPI. The case for tiered charges centres on funding payment infrastructure while retaining zero-fee acceptance for low-ticket transactions and smaller merchants.
Resurfacing a January 2023 move, Titan Company's jewellery brand Tanishq entered the US with a New Jersey outlet, initially targeting Indian-American shoppers. The brand plans to expand to Chicago and other cities as it adapts its assortment and store format for the wider North American market.
E-commerce enablement platform Shiprocket plans to raise ₹1,617.5 crore through a ₹885.5 crore fresh issue and ₹731.9 crore offer for sale. Proceeds are earmarked for platform expansion, debt repayment and acquisitions after FY26 revenue rose 24% to ₹2,024.1 crore.
A compressed Independence Day weekend is pushing travellers toward nearby staycations and city breaks. IHG reports bookings up 16-20% year-on-year and Wyndham up about 37%, while StayVista and Elivaas report strong villa occupancy; Sarovar expects softer leisure demand than last year’s three-day break.