Meesho’s 5,00,000 Percent Returns
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🗞️ Meesho IPO delivers massive returns to early investors
Early backers of Meesho including Elevation Capital and Peak XV are set to receive up to ₹1,020 crore collectively, with returns reportedly reaching 5,00,000 percent for some early-stage investors.
💬 Expert Take — “Such outsized returns reaffirm the strength of India’s consumer-tech ecosystem despite global VC softness.”
🗞️ India’s GDP accelerates to 8.2 percent in Q2
India’s GDP expanded 8.2% in Q2 FY26, beating expectations and driven by strong manufacturing, services, and festive-season demand.
💬 Expert Take — “With 8% growth, India remains the world’s fastest-growing major economy, supported by broad-based sectoral strength.”
🗞️ Fiscal deficit widens in April–October period
India’s fiscal deficit widened during April–October due to softer tax revenue and higher expenditure, raising concerns around the FY26 budget glide path.
🗞️ ADB approves $846 million for skill development
The Asian Development Bank has approved an $846 million loan to enhance skill development, employment generation, and vocational training across India.
🗞️ Loans worth ₹34 lakh crore sanctioned under Mudra Yojana
Lenders have sanctioned ₹34 lakh crore under the Mudra Yojana scheme since inception, supporting micro and small entrepreneurs across the country.
🗞️ ADB approves $400 million for climate-resilient roads in Maharashtra
The ADB also cleared an additional $400 million loan for building climate-resilient rural roads in Maharashtra.
🗞️ Government adds 18 private entities for coal & lignite exploration
The Indian government has added 18 more private entities to the authorised list for exploration of coal and lignite resources, expanding private participation in mineral discovery.
🗞️ Aequs IPO GMP rises ahead of subscription
Aequs Ltd is seeing a rise in its grey market premium ahead of its IPO next week, indicating early investor interest in the aerospace and manufacturing player.
📊 Market Update
📉 Sensex: 85,706.67 ▼ 13.71 pts (–0.02%)
📉 Nifty 50: 26,202.95 ▼ 12.60 pts (–0.05%)
🪙 Gold (per gram): 24K ₹12,846 ▲ ₹71
🥈 Silver (per kg): ₹1,76,000 ▲ ₹3,000