Zepto is discussing a sharply lower IPO valuation with investors, shifting from market expectations of $7 billion in April to a $3 billion post-money valuation in current talks. Existing shareholders including Norges Bank had previously been assessed for follow-on investment at about a $5.1 billion post-money valuation. The reset has eased concerns that competition and profitability pressure on listed quick-commerce peers such as Swiggy could intensify, helping Swiggy shares climb as much as 4% in a session.

Shoppers Stop (SUS) returned to profit in Q1FY27 as revenue rose 10% year on year to ₹1,536 crore. EBITDA increased 40% to ₹43 crore, while net profit came in at ₹5 crore versus a net loss of ₹4 crore a year earlier. Same-store growth at departmental stores was 6%, and the loyalty program reached 13.8 million members who contributed 85% of sales. Premium products accounted for 72% of sales and average ticket value rose 10% to ₹5,704.

Niraj Cement Structurals’ committee of independent directors said the open offer launched by Gulshankumar Vijaykumar Chopra is fair and reasonable. The offer seeks to buy up to 15,520,529 shares at Rs. 29 per share (face value Rs. 10), representing 26% of the company’s fully paid-up voting share capital. The determination marks a key regulatory step in the mandatory open-offer process and is set to materially reshape the company’s shareholding and control structure.

Netweb Technologies India reported Q1 FY27 net profit of ₹85.32 crore, up 179.94% year on year. Revenue from its AI Systems business rose to ₹51.06 crore, a 484.20% increase from the year-earlier period. Total revenue reached ₹81.97 crore, expanding 172.13% from a year ago. The results highlight the company’s rapid scale-up as a domestic supplier of AI servers and high-performance computing systems in India.

Nitco promoter Vivek Talwar raised his holding from 11.22% to 13.16% after converting warrants into shares on July 24, 2026, in a ₹38.09 crore transaction. The conversion involved 55,05,935 equity shares and increased his voting stake in the company. Nitco also said it paid an environmental compensation penalty of ₹14.25 lakh on April 28, 2026, after receiving the order on April 13, 2026.

Dwarikesh Sugar Industries reported a net loss of ₹25.73 crore in Q1FY27, widening from the year-ago period, while profit before tax swung to a loss of ₹34.38 crore from a profit of ₹13.03 crore. Revenue rose 3.17% year on year, but EBITDA fell 21.58%. The decline was linked to a 7.51% drop in cane crushing volumes amid heavy rainfall and the phase-out of the Co 0238 sugarcane variety.

Catalyst Trusteeship Limited has created a pledge over 49 lakh shares of MedPlus Health Services, taking its total encumbered holding to 2075.04 lakh shares. The pledged portion of the company’s total voting capital increased from 13.19% to 17.27%. The filing describes the move as part of routine shareholder financing disclosure, with no change in control or a major risk event. Still, the higher level of pledging can draw scrutiny over shareholder liquidity and governance stability.

Indian equity benchmarks were muted, with the Sensex ending flat and the Nifty slipping below 24,000. Hindustan Unilever (HUL) led declines after missing volume expectations, while Suzlon Energy, Godfrey Phillips India and Varun Beverages fell as much as 10% after weaker quarterly results. Coforge rose more than 10% on upbeat guidance. Large-cap IT stocks such as TCS, Infosys and Wipro are trading at a 20%-25% discount to their 10-year average valuations, while mutual-fund ownership has fallen from 15%-16% to 5%-6%.