MEESHO LTD Q3 RESULTS
ICICI Prudential AMC shares decline 7% in two days as promoter plans 2% stake sale
ICICI Prudential AMC promoter Prudential Corporation plans to sell up to 2% stake, worth over Rs 3,185 crore, to meet minimum public shareholding requirements. The sale will reduce promoter holding to 85.6%. Shares of ICICI Prudential AMC have gained over 22% in 2026, while Q1 net profit rose 23% year-on-year to Rs 965 crore.
ET Startup Awards 2026 | Startup of the Year: Street-smart Groww outruns regulatory odds to claim top prize
With the win, Groww joins the likes of Urban Company, Lenskart, OfBusiness, Razorpay, Zomato, Zerodha, Delhivery, Swiggy, Oyo, Freshworks and Ola, all of which won the biggest honour over the 11-year history of the awards.
As startups go public, ETSA jury asks: When does a startup cease to be one?
Do you consider a public market company a startup, or do those not qualify? That was the big debate when the jury met to decide the next cohort of winners for The Economic Times Startup Awards 2026.
ET Startup Awards 2026: Groww adjudged No. 1; Sauce VC’s Manu Chandra named Midas Touch winner
The elite jury was chaired by Wipro executive chairman Rishad Premji. The 11-member panel deliberated for nearly three hours on Tuesday to pick winners in eight categories.
If AI can write the code, what is left for senior engineers? Meesho’s Kiran Katreddi answers
AI and automation are compressing engineering career timelines significantly. Junior developers now tackle complex tasks much earlier in their careers. Senior engineers are increasingly focusing on systems design and architecture. Meesho reports doubled productivity and AI-generated code for development tasks.
Ventura initiates coverage on Meesho and LG India, sees up to 35% upside
Ventura Securities has initiated coverage on Meesho and LG Electronics India with Buy ratings, seeing up to 35% upside. The brokerage expects Meesho to benefit from value-commerce growth and improved monetisation, while LG India could gain from appliance premiumisation, localisation, exports and rising demand for cooling solutions.
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ETMarkets Smart Talk | Large caps look better for next 24 months, but hidden gems remain in smallcaps: Divam Sharma
Sharma sees a stronger case for large caps over the next 24 months, particularly given the steep valuation premium commanded by small caps.
Hindustan Zinc shares fall 3% on reports of fresh government stake sale via OFS
Hindustan Zinc shares dropped on Tuesday after expectations of a fresh government stake sale through an OFS resurfaced following the Hindustan Copper stake sale. The government is reportedly considering selling around 1.5% of Hindustan Zinc, which could raise Rs 3,500-4,000 crore. The stock has declined nearly 3% in 2026.
Q1 earnings show resilience, but downside risks still loom. HSBC explains why
Indian companies delivered better-than-expected Q1FY27 earnings, with around 70% of firms meeting or beating HSBC’s estimates. Mid- and small-cap companies led growth, while financials drove earnings upgrades. However, HSBC flagged risks of downgrades in coming quarters as elevated commodity prices persist and the benefits of GST cuts and inventory gains fade.
Entero Healthcare shares gain 15% in 2 days after Prashant Jain’s 3P Investment picks stake in block deal
Entero Healthcare Solutions shares rose sharply after Prashant Jain-owned 3P Investment Managers acquired a 2.5% stake in the company through open market transactions. The shares were bought from Prasid Uno Family Trust at Rs 1,377.8 apiece, according to stock exchange data.
ETMarkets Management Talk| EPL’s growth story enters next gear: High-teens guidance, 20% margins and Indovida merger, explains CEO Hemant Bakshi
Strong momentum in Beauty & Cosmetics, a recovery in Oral Care and the ramp-up of its Thailand operations are expected to support growth, while investments made ahead of the curve could drive operating leverage and help sustain underlying EBITDA margins around 20%.
ETSA 2026: Jury to pick winners today; SoftBank trims Lenskart stake
The day has arrived! The elite jury of The Economic Times Startup Awards 2026 will convene in Bengaluru today to select the brightest stars in India’s startup galaxy. This and more in today’s ETtech Morning Dispatch.
India's house price growth slows to 3.6% in Q1 FY27: RBI
In the first quarter of this year, the growth rate of house prices in India decelerated to 3.6 percent compared to the previous year, down from 4.5 percent in the last quarter. However, there was a quarterly increase of 1.1 percent in the All-India House Price Index, primarily thanks to notable contributions from cities like Chandigarh and Lucknow. This trend signifies a general slowing of annual price growth by June.
Y Combinator sells Meesho shares worth Rs 970 crore in block deals; Morgan Stanley, Goldman Sachs, Citigroup among buyers
Y Combinator-linked entities sold 4.85 crore Meesho shares worth Rs 970 crore through block deals at Rs 200.01 apiece. Institutional buyers including Nippon India Mutual Fund, HDFC Life, Morgan Stanley, Goldman Sachs and Citigroup acquired significant stakes.
Y Combinator pockets Rs 970 crore from Meesho stake sale
Y Combinator has sold nearly Rs 970 crore worth of Meesho shares through a block deal, adding to its returns from the ecommerce company. The accelerator has now realised around Rs 1,050 crore from Meesho. The sale comes days after it cashed out Rs 1,435 crore from Groww.
India’s new service price gauge shows mixed Q1 trends; Air (Passenger) Service Price Index up 32%
Air passenger service prices jumped nearly thirty-two percent year-on-year in the first quarter of FY27. Other services showed mixed price trends, with banking and securities transactions declining. Management of pension funds and railway services recorded modest price increases during this period. This new Service Producer Price Index offers an early view of producer-level price movements. The index currently covers only seven selected services across India.
Lenskart Large Trade: 2.6% equity traded in a $300 million block deal; Softbank Vision likely seller
On Monday, Lenskart Solutions witnessed a noteworthy block deal, with speculation surrounding the SoftBank Vision Fund's possible share divestment. The company's impressive first-quarter results for FY27 showcased net profit soaring by 182.3% and a robust year-on-year revenue increase of 33.6%. Furthermore, enhanced product and EBITDA margins highlighted operational efficiencies. Brokerages, including Jefferies and Goldman Sachs, continue to express optimism regarding Lenskart's stock performance.
Vijay Shekhar Sharma's Rs 4 crore pay found 'materially below' peer median; Board recommends revision
Under the proposed structure, Sharma's remuneration will also include a variable component which will be performance-linked set by the NRC on achievement against predefined financial performance targets.
ET Startup Awards 2026: Nominees for Startup of the Year
The ET Startup of the Year will be characterised by breakthrough innovation, top-class execution and fast-paced growth. The quality of the founding and management team will be an important component in decision making.
Meesho expects to create 10 lakh seasonal jobs during festive season
Meesho anticipates generating over 10 lakh seasonal job opportunities across its vast ecosystem. This significant employment boost will support increased demand during the upcoming festive period. Approximately 6.5e lakh jobs will be created within Meesho's extensive seller network.
The Economic Times Startup Awards 2026: Nominees for Startup of the Year and Midas Touch
Happy Friday! We are excited to bring to you the 12th edition of The Economic Times Startup Awards (ETSA). A few days before our esteemed jury convenes to pick the winners, we reveal nominees for the most coveted categories: Startup of the Year and Midas Touch for the best investor.
ET Startup Awards 2026: Nominees for Midas Touch
The Midas Touch award recognises the most lucrative exit of the year. The decision will be based on both the number of deals and the size of the exit.
Walmart sees Q3 growth hit as Flipkart shifts Big Billion Days sale
Walmart expects Flipkart’s Big Billion Days sales event moving from Q3 to Q4 to weigh about 100 basis points on growth next quarter. The company said India drove growth in Walmart International’s operating income and advertising revenue. Flipkart is also expanding its quick commerce arm, Minutes, which crossed 1,000 dark stores in June.
Ahead of Market: 10 things that will decide stock market action on Friday
Indian equities snapped a seven-session losing streak as falling US bond yields, short-covering and stronger sentiment lifted markets. Sensex surged 628 points and Nifty gained 154 points. Analysts remained cautious, citing elevated crude prices and geopolitical risks despite improving technical momentum.
Power Finance Corporation and REC shares fall up to 3% after Morgan Stanley downgrade
PFC and REC shares fell on Thursday after Morgan Stanley downgraded both stocks to Equal-Weight and cut their target prices. The brokerage flagged slower loan growth and lowered earnings estimates for FY28 and FY29. The downgrade comes ahead of the proposed PFC-REC merger, with both stocks already under pressure.
Strong Q1 results spark stock-picking rush: 50 top ideas for investors to buy
The impressive earnings reported in the first quarter have led brokerages to unveil fresh stock-picking avenues. Investors are encouraged to seek out firms showcasing strong earnings and solid financial fundamentals. A collective effort from various brokerages has resulted in the identification of fifty prime stock options, covering diverse industries such as banking, automotive, and defense. The market is now pivoting towards an earnings-led cycle with an emphasis on quality companies.
New-age firms cushion Q1 raw material, diesel cost shock with price hikes, efficiencies
New-age consumer and logistics firms managed cost increases during the April-June quarter. Strong sales growth and selective price hikes helped limit margin impacts for many companies. Honasa Consumer's gross margin declined slightly, while Wakefit saw an increase due to price adjustments. Logistics firms like Delhivery largely passed on diesel cost rises through contracts.
ETtech Explainer: Why is Meesho building a low-cost logistics network for grocery?
Meesho is taking a different approach in the B2B grocery supply sector, where startups have found it hard to scale and incurred high cash burn, according to experts. ETtech explains the strategy behind this business model.
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