Author name: Archana Chettiar

As India’s quick commerce and food-tech giant Zepto gears up for its highly anticipated IPO, it’s making headlines for a planned $250 million secondary share sale. This strategic move aims to increase Indian investor ownership and provide liquidity to existing shareholders. The private equity arms of Motilal Oswal Financial Services Ltd. and Edelweiss Financial Services Ltd. are in discussions to acquire shares in this secondary sale. Collaborating with these reputable financial institutions can enhance Zepto’s credibility and market positioning as it approaches its IPO.

When you slip into stylish international brand footwear, you might assume they come straight from some of the world’s most developed countries. But here’s a surprise—many of these brands are actually manufactured in the remote villages of Tamil Nadu.

Tamil Nadu has become a global powerhouse in footwear manufacturing, producing for top brands like Nike, Puma, Crocs, and Adidas. Interestingly, non-leather footwear now makes up 86% of global footwear demand. Recognizing this shift, foreign manufacturers are pouring ₹17,550 crore into the state, a move expected to generate around 2.3 lakh jobs.

If you’ve been keeping an eye on the IT sector, you might have noticed a sudden drop in Infosys and Wipro’s stock performance on the New York Stock Exchange (NYSE). On March 20, 2025, the American Depository Receipts (ADRs) of Infosys fell by 3.6% to $17.9, while Wipro’s ADRs dropped by 3.2% to $2.97. This came right after Accenture released its second-quarter earnings and raised the lower end of its full-year revenue forecast, expecting growth between 5% and 7%, up from the earlier 4% to 7% range.
Source: Economic Times