Sebi’s new market timings kick in: What has changed and why it matters

According to Sebi, the Closing Auction Session is designed to ensure a fair and transparent closing price through an auction mechanism instead of relying solely on the earlier methodology (Volume Weighted Average Price or VWAP). The Securities and Exchange Board of India’s (Sebi’s) revised trading framework came into effect on August 3, introducing a Closing…

Zepto IPO valuation cut lifts Swiggy, Eternal shares as investors bet cash-burning war may ease

Zepto, a quick commerce player, had received the Sebi nod for its IPO in April.   Shares of Swiggy and Eternal have rallied today after reputed news channel reported on July 27 that Zepto is testing waters at an post-money IPO valuation of $3 billion from the $5 billion it was initially targeting, reinforcing investor…