Zepto founders were summoned by the Enforcement Directorate in April 2026 under FEMA (Foreign Exchange Management Act), the quick commerce platform revealed in its Updated Draft Red Herring Prospectus (UDRHP) filed with the Securities and Exchange Board of India (Sebi) on Monday. This comes as the qcom platform expects to make its market debut in the next few months.

Indian fintech pioneer Paytm is set to hire about 4,000 people over the next nine months, part of a pivot aimed at expanding its merchant network and artificial intelligence-driven product offerings.

The increase would mark a roughly 10 per cent increase in its headcount, which stands at about 40,000 employees.

A federal judge on Monday ruled that the $100,000 fee imposed by US President Donald Trump for H-1B applications was unlawful as it did not have the approval of Congress.

"...the Court finds that the Policy imposes a tax on H-1B petitions without the requisite delegation by Congress," US District Court judge Leo Sorokin in Boston, Massachusetts, said in a ruling.

Paras Healthcare Ltd, which operates hospitals under the 'Paras Health' brand, has filed preliminary papers with capital markets regulator Sebi to raise up to ₹1,800 crore through an initial public offering (IPO).

The proposed IPO comprises a fresh issue of equity shares aggregating up to ₹500 crore and an Offer-For-Sale (OFS) of equity shares worth up to ₹1,300 crore by the selling shareholder, according to the draft red herring prospectus (DRHP) filed on Thursday.

The owner of the Malviya Nagar hotel where a fire claimed 21 lives earlier this week, had been arrested last year for "facilitating" illegal stay of Bangladesh nationals through allegedly ill-begotten Indian documents, police records show.

Lavkesh Bajaj, proprietor of Flourish Stays B&B, is currently in four-day police custody in connection with the devastating fire at the south Delhi establishment on Wednesday.

Prime Minister Narendra Modi announced on Friday that AirTrunk, an Asia-Pacific and Middle East technology company, will invest around ₹3 trillion in India and develop 5 GW of data centre capacity.

After his meeting with AirTrunk founder and CEO Robin Khuda, the prime minister also said that this is among the largest proposed investments in the country's digital infrastructure ecosystem.

The Centre said on Friday that it would exempt foreign institutional investors and the Bank for International Settlements from capital gains tax on income earned from investments in government securities.

The decision, announced through an executive order as Parliament is not in session, is aimed at attracting more stable foreign capital as the rupee has weakened by over 5 per cent this year amid elevated oil prices and equity outflows.

Rajesh Exports Ltd (REL) on Thursday claimed there appeared to be a "communication gap and confusion" between the company and the Securities and Exchange Board of India (Sebi), a day after the market regulator issued an interim order alleging possible misrepresentation of revenues and fund diversion involving the company and its promoter.

India expects the nine free trade agreements (FTAs) signed over the last three years to become operational within 10 months, with plans to execute another three to four significant pacts over the next year, Commerce and Industry Minister Piyush Goyal said on Thursday.

His statement underscores the government’s intent to make the country a manufacturing and investment hub and deepen integration with global markets.

Prime Minister Narendra Modi on Thursday held talks with Venezuelan Vice President Delcy Rodriguez focusing on boosting bilateral ties in areas of energy, trade and investment.

The two sides are looking at expanding energy cooperation, as New Delhi seeks to diversify its crude oil procurement amid supply disruptions from the West Asia crisis.

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