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Cheers to Tuesday! Zepto, a quick commerce company, has submitted revised draft documents for its $1 billion IPO. This and more in today’s ETtech Morning Dispatch. Also in the letter:  Ex-Mirae India CEO’s new fund Articul8’s heritage AI bet Infineon deepens India ties Zepto files updated papers for Rs 9,500 crore IPO; aims July listing Zepto CEO Aadit Palicha has submitted its revised prospectus for a Rs 9,500-crore initial public offering (IPO), paving the way for one of the year’s most anticipated new-age listings and possibly aiming for a July market debut. Quick commerce first: The offering will make Zepto…

According to a report by InCred Research, India’s drive for E85-compatible cars could raise yearly ethanol demand by around 21% by fiscal 2040 when compared to a scenario based only on E20 fuel blending. According to the research, the government’s new emphasis on E85 gasoline is the first significant attempt to extend the nation’s ethanol program beyond the E20 roadmap, generating demand for ethanol in addition to the current blending ecosystem. Flex-fuel technology has been shown by automakers, and India has already developed significant ethanol production capacity to satisfy the E20 target. According to the paper, policymakers are also working…

The world has been told repeatedly over the past five years that artificial intelligence would save corporations billions of dollars, replace costly employees, and radically change enterprises forever. Tech companies scrambled to incorporate AI into everything they could. customer service, hiring, coding, logistics, and even making decisions. However, something unexpected is currently taking place behind closed business doors. The same AI technologies that were supposed to save a ton of money are really turning into financial catastrophes. According to reports, Uber’s annual AI funding disappeared in just four months. Because the expenses are growing too quickly, Microsoft is now requesting…

As moviegoing habits change after the epidemic, Cinepolis India is focusing more on growing its footprint, boosting its contribution to food and beverage (F&B), and increasing weekday foot traffic. According to Devang Sampat, managing director of Cinepolis India, the multiplex chain intends to add about 40 screens a year while aiming to raise its F&B contribution as a percentage of the box office to 70 to 75 percent. The company will continue to seek catchment-led expansion rather than a metro versus non-metro strategy, according to Sampat in an interview with BW Businessworld. The company intends to add nearly 20 screens…

Since last month, the retail prices of gasoline and diesel have increased four times; the most recent increase, of Rs 2.6 and Rs 2.7 per liter, respectively, was announced last week. With the exception of a few paise, the cost of gasoline and diesel has not changed much as of June 8. Since the beginning of the US-Iran war, prices have risen by Rs 7.5–8. The ongoing crisis in the Middle East has caused global oil prices to jump, which has had a huge impact on oil marketing companies. Diesel costs Rs 95.20 per litre, while petrol costs Rs 102.12…

OnePlus has officially revealed the launch date of the OnePlus Turbo 6X series after teasing it for a few days. The two versions in the series, the Turbo 6X and Turbo 6X Pro, will make their debut in China on June 10. In addition to disclosing the launch date, the company has verified a few important features of the Pro version. OnePlus Turbo 6X Pro key specifications confirmed The OnePlus Turbo 6X Pro will include a Samsung AMOLED display with 1.5K resolution support, according to the posters below. The screen offers full-brightness DC dimming and is designed for outdoor visibility.…

Strong US economic statistics caused investors to reduce expectations of near-term interest rate reduction, while rising oil prices diverted focus from bullion. As a result, gold and silver prices fell in international markets on Monday, continuing sharp losses from the previous week. Silver is down 2.49 percent to USD 67.39 an ounce, while gold futures on COMEX are down USD 30.80, or 0.71 percent, at USD 4,334.50 an ounce. The drops came after a dramatic correction last week, when silver fell around 9% and gold lost nearly 5% due to stronger-than-expected US labor market data that raised Treasury yields and…

The Securities and Exchange Board of India (Sebi) has given Prism, the parent company of the travel and hospitality technology platform OYO, permission to move forward with its planned initial public offering (IPO), moving the business one step closer to a stock market listing. The corporation intends to issue new shares in order to raise Rs 6,650 crore. In December 2025, Prism submitted its draft documents via Sebi’s private pre-filing method, which allowed it to start the regulatory review process without immediately giving the public access to comprehensive financial data. The company’s most recent attempt to go public is the…

New Delhi, June 1, 2026 — In a move that signals growing maturity in India’s digital economy, five of the country’s most influential online platforms — Amazon, Eternal (formerly Zomato), Meesho, Swiggy, and Zepto — have formally launched the Digital Commerce Coalition (DCC), an industry-led body created to shape the future of digital commerce in India through unified policy engagement and collaborative action. The announcement, made on June 1, marks the first time these competing giants have come together under a single institutional umbrella—a clear sign that the stakes of India’s digital commerce battle have moved beyond market share and into the…

The emergence of AI has not only changed global technology leadership but also started to affect capital flows, market valuations, and sectoral preferences worldwide, with foreign investors withdrawing more than Rs 2.2 trillion from Indian equities in 2026 and directing capital towards AI-driven markets. Sonam Srivastava, Founder and Fund Manager at Wright Research PMS, talks about whether India is on the wrong side of the AI trade, how domestic sectors can take part in the global AI buildout, and why she thinks a completely different group of companies may lead the next bull market in an exclusive interview with BW…