Profitability a concern as Zepto lines up IPO

BENGALURU: Quick commerce platform Zepto is pitching a high-volume model to public market investors as it prepares for its IPO, arguing that scale, density and advertising will eventually drive profitability.The company’s updated draft red herring prospectus (DRHP) shows a business growing rapidly on orders but still trailing market leader Blinkit on profitability.Zepto processed 210 million…

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He nearly drowned in space when water filled his helmet, now he’s part of NASA’s Artemis III crew: Meet Luca Parmitano |

In July 2013, Italian astronaut Luca Parmitano found himself in a situation no astronaut ever wants to face. While performing a spacewalk outside the International Space Station, water began leaking into his helmet. What initially seemed like sweat soon turned into a life-threatening emergency as the water rose around his face, impairing his vision and…

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Rs 5,301-crore Vadhvan breakwater to shield mega port in Maharashtra, boost India’s maritime ambitions | Mumbai News

The port will cater to large container vessels, offer deeper drafts, and accommodate ultra-large cargo ships. MUMBAI: Construction of a 10.14-km-long breakwater for the upcoming Vadhvan Port in Palghar district moved a step closer on Tuesday, with Afcons Infrastructure receiving a Rs 5,301-crore contract for what is set to become the world’s second-longest breakwater upon…

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PIL seeks disqualification proceeding against 3 AIADMK MLAs who resigned days after election in Tamil Nadu | Chennai News

PIL seeks disqualification proceeding against 3 AIADMK MLAs who resigned days after election (File Photo) CHENNAI: Desiya Makkal Sakthi Katchi’s M L Ravi has moved the Madras high court seeking to declare TN govt’s gazette notification accepting resignation of three AIADMK MLA’s Maragatham Kumaravel, S Jayakumar, and P Sathyabama as illegal, arbitrary, unconstitutional and contrary…

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