Business news updates: Zepto defers IPO to 2026, buzz around HDB Financial Services IPO, and more

In a strategic move, Zepto has decided to defer its Initial Public Offering (IPO) to 2026. The company aims to strengthen its market position and optimize its business model before stepping into the public domain. This decision comes amid a volatile market environment where companies are re-evaluating their growth trajectories to ensure long-term stability and shareholder value. Meanwhile, the financial sector is abuzz with speculation around the potential IPO of HDB Financial Services. As a subsidiary of HDFC Bank, the company is expected to draw significant attention from investors, given its robust performance and strong market presence. Analysts suggest that an IPO could provide HDB Financial Services with the capital needed to expand its operations and compete more aggressively in the financial services industry. In other business news, India's services sector has shown promising growth, with activity rising to a three-month high of 58.8 in May, slightly up from 58.7 in the previous month. This uptick reflects growing consumer demand and increased business confidence, signaling a positive outlook for the Indian economy. As the services sector continues to expand, it remains a crucial driver of economic growth and employment in the country.

— Authored by Next24 Live