In its updated DRHP filed with SEBI for a $1 billion (Rs 9,500 crore) initial public offering, Zepto said that Palicha and Vohra were required to produce some documents with regard to foreign investments, audited balance sheets for the financial year 2020-21, shareholding patterns, details on loans and guarantees, income tax returns and bank accounts, along with other information.

Complying with the summons, Vohra appeared before the ED on April 17 and April 22. Palicha appeared before the authority on April 20 and May 15 this year. “As on the date of this Updated Draft Red Herring Prospectus – I, they have provided relevant information and documents as requested by ED pursuant to the Summons, as well as follow-on information requested by the ED further to their interactions, including certain details in relation to our holding structure, the Scheme, and additional information in relation to our business such as business agreements and invoices,” Zepto said.

The quick commerce company said it has not yet received any further communication from ED. It assured that there will not be future inquiries or that these could escalate to investigations, legal proceedings or any possible penalties.

The much-awaited IPO of Zepto will comprise a fresh issue of shares worth Rs 8,010 crore and an offer-for-sale (OFS) of nearly 11.35 crore shares by existing shareholders, according to the updated prospectus. The five-year-old company had filed its IPO papers confidentially with market regulator SEBI back in December 2025 and received the regulator’s approval in May this year.

Zepto is aiming to debut on stock markets in July, people familiar with the matter told The Economic Times. This would make the firm the third quick commerce player on Dalal Street, along with Blinkit parent Eternal and Instamart parent Swiggy.

Live Events

Also Read | Zepto files updated papers for Rs 9,500 crore IPO; aims July listing

Zepto earnings snapshot

Zepto reported a 75% year-on-year (YoY) jump in consolidated revenue for the fourth quarter of FY26 to Rs 7,498 crore, according to its updated DRHP. The Bengaluru-based company also narrowed its net loss to Rs 1,539 crore during the January-March quarter from Rs 1,832 crore a year earlier, the filing showed.
Zepto processed 210 million orders during the quarter, i.e. over 2 million orders a day. It ended March 2026 with 1,139 dark stores, up from 1,029 a year earlier. Orders per store per day rose to 2,140 from 1,425 in the year-ago period, indicating higher throughput across its network.
Also Read | Zepto Q4 revenue up 75% at Rs 7,498 crore, narrows loss to Rs 1,538 crore
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)

NEW YORK — The New York Times Connections puzzle for Tuesday, June 9, 2026 (No. 1,094) delivered a satisfying mix of everyday vocabulary, cultural references and clever wordplay that kept solvers engaged through multiple attempts.

The correct groupings were:

Yellow (Types of birds): SPARROW, ROBIN, EAGLE, HAWK

Green (Famous painters): PICASSO, VAN GOGH, MONET, DA VINCI

Blue (Kitchen utensils): SPOON, FORK, KNIFE, PLATE

Purple (Words that can mean “cool”): CHILL, RAD, NEAT, FRESH

The puzzle rewarded quick recognition of common animals and household items, while the purple category required a more abstract leap to slang and descriptive terms. Many players secured the yellow and blue groups early, with the painters category providing a satisfying breakthrough for most.

For those preferring hints before spoilers, the categories involve common feathered creatures, renowned artists, standard tableware and terms often used to describe something stylish or relaxed.

Connections, created by Josh Wardle and operated by The New York Times, continues its strong popularity with its daily 16-word grid that must be sorted into four thematic groups. The game delivers color-coded feedback that escalates in difficulty from yellow to purple, creating an accessible yet rewarding experience for casual and dedicated players alike.

Tuesday’s edition maintained the high standard of creative categorization that has defined the game. Solvers reported average solve times in the three-to-five attempt range, with the purple category often proving the final hurdle for perfect games. The mix of straightforward and abstract connections kept engagement high without crossing into unfair obscurity.

The social sharing aspect remains a cornerstone of the Connections experience. Players widely post emoji grids on social media and compare results in group chats and forums, fostering lighthearted competition and community discussion without revealing answers prematurely. Streaks and perfect solves continue to motivate regular participants.

Beyond entertainment value, the game sharpens categorical thinking, vocabulary expansion and pattern recognition skills. Families, classrooms and workplace groups frequently use it as a collaborative activity that encourages discussion and strategic reasoning. Its minimalist design focuses purely on deduction, making it suitable for a wide range of ages and backgrounds.

As part of The New York Times’ expanding puzzle ecosystem that includes Wordle, Spelling Bee and Strands, Connections benefits from seamless integration and consistent quality control. Editors carefully curate word lists to ensure freshness while avoiding repetition or overly niche references.

Today’s puzzle reflected common cultural touchpoints — from backyard birds and renowned artists to everyday kitchen tools and casual slang. Such relatable categories help maintain broad appeal even as the game matures. The “cool” slang purple group in particular sparked positive feedback for its clever construction once solved.

Looking forward, the daily Connections tradition shows no signs of slowing. The New York Times continues investing in the format with occasional updates and expanded features for subscribers, while the core free daily puzzle remains accessible to all. June’s lineup has featured consistently engaging grids that reward both casual play and deeper linguistic curiosity.

Community reactions on forums highlighted appreciation for the balance achieved in today’s puzzle. Perfect solvers celebrated streak extensions, while others shared near-miss stories and strategies for tackling tougher categories. The game’s ability to generate conversation without requiring deep trivia knowledge remains one of its greatest strengths.

Educational applications continue to grow, with teachers incorporating Connections into language arts and critical thinking lessons. The puzzle’s structure naturally lends itself to discussions about word relationships, cultural references and logical grouping strategies.

As players reset for tomorrow’s challenge, today’s solution stands as another strong example of why Connections has become a daily ritual for millions. The combination of satisfying “aha” moments and gentle intellectual exercise ensures continued relevance in a crowded digital entertainment landscape.

The New York Times has positioned Connections as a flagship title within its games portfolio, with strong retention rates and positive user feedback. June 9’s puzzle contributed to that momentum by delivering an enjoyable start to the workweek for solvers worldwide.

Whether solved in two attempts or five, today’s grid offered mental stimulation and a shared experience that transcends individual screens. As the Connections community grows, each daily puzzle adds another layer to the game’s rich archive of clever categorizations and linguistic play.

Subscribers and casual players alike can look forward to continued high-quality challenges in the days ahead. The June 9 edition reinforced Connections’ reputation as one of the most consistently satisfying word games available, blending accessibility with genuine intellectual reward.

NEW YORK — Tesla Inc. shares rose 3.03% to $402.85 in morning trading on Monday, extending recent gains as investors responded positively to improving electric vehicle market conditions and continued enthusiasm around the company’s autonomous driving technology and energy storage business.

The advance added roughly $11.85 per share and reflected broad participation from both institutional and retail investors. Trading volume was notably higher than average, underscoring renewed interest in one of the market’s most closely watched stocks.

Tesla has navigated a dynamic environment in 2026, with vehicle deliveries showing resilience despite increased competition in key markets. The company’s focus on cost efficiency, new model refreshes and expansion of its Full Self-Driving software has helped maintain momentum. Energy storage deployments, particularly Megapack systems for grid-scale applications, have also contributed meaningfully to revenue diversification.

Analysts have offered a wide range of perspectives on Tesla’s valuation. While some highlight the substantial long-term potential in autonomy, robotics and energy, others caution about near-term margin pressures and execution risks in a competitive landscape. The stock’s premium multiple reflects high expectations for future growth beyond traditional automotive sales.

Monday’s movement aligns with broader strength in technology and clean energy-related names. Positive sentiment around artificial intelligence infrastructure and sustainable energy solutions continues to support Tesla’s narrative as a leader in both electric vehicles and energy innovation.

The company’s Gigafactory network and vertical integration strategy provide competitive advantages in scaling production and controlling costs. Recent updates on vehicle production efficiency and software updates have been well-received, reinforcing confidence in Tesla’s ability to adapt to changing market conditions.

For investors, Tesla remains a high-conviction, high-volatility name. Its performance is frequently driven by product announcements, regulatory developments and broader market sentiment toward technology and sustainability. The current session’s gain adds to positive momentum but also highlights the stock’s sensitivity to news flow and external factors.

Broader electric vehicle market trends show signs of stabilization after a period of slower growth in some regions. Tesla’s ability to maintain market leadership while introducing new models and improving affordability has been a key focus. Its over-the-air software capabilities continue to differentiate it from traditional automakers.

The energy generation and storage segment has grown rapidly, with Megapack deployments supporting grid stability and renewable energy integration. This business line provides a complementary revenue stream and positions Tesla favorably in the global energy transition.

As trading continues, attention will remain on any company-specific updates or broader market catalysts that could influence direction. The session’s strength reflects confidence in Tesla’s innovation pipeline but also underscores the need for sustained execution to support elevated valuations.

Tesla’s long-term vision encompasses not only electric vehicles but also autonomous robotaxis, energy solutions and humanoid robotics through projects like Optimus. While these initiatives carry significant uncertainty, successful development could unlock substantial new revenue opportunities.

Market participants note that Tesla’s trading patterns often reflect retail investor enthusiasm and sentiment around Elon Musk’s public commentary. This dynamic can lead to price action that diverges from traditional fundamental analysis, creating both opportunities and risks for different types of investors.

For long-term shareholders, the company represents a bet on the future of sustainable transportation and energy. Its success could have profound implications for the automotive industry and global efforts to reduce carbon emissions. However, the path involves substantial capital requirements and execution challenges.

Analysts will likely review forecasts following recent price action, with some potentially adjusting targets based on delivery trends, margin performance and progress on autonomy. The company’s ability to deliver consistent profitability while investing aggressively in growth remains a central focus.

Monday’s trading adds to a volatile but ultimately upward trend for Tesla shares in 2026. The stock has experienced significant swings, rewarding conviction during periods of positive news while testing patience during challenges.

As markets digest the latest developments, Tesla’s performance will continue to be closely watched. The stock’s influence extends beyond the automotive sector, serving as a barometer for investor sentiment toward technology, innovation and sustainability themes.

The 3% gain demonstrates ongoing interest despite periodic volatility. While risks remain, Tesla maintains its position as a leader in electric vehicles and clean energy technology. Its ambitious roadmap and execution track record continue to attract investors seeking exposure to transformative trends in a rapidly evolving industry.

SCB EIC has revised its 2026 economic growth forecast for Thailand to 1.7%, based on the strong first-quarter expansion and support from government measures. However, economic growth remains concentrated in certain business sectors, particularly technology-related businesses, reflecting a fragile recovery. Meanwhile, the increasing risk of conflict in the Middle East is impacting the Thai economy.

The latest economic data increasingly reflects the impact of the war in the Middle East. The overall inflation rate in April accelerated to 2.9%, the highest in over three years, following rising domestic oil prices driven by market mechanisms and the passing of costs to consumers, particularly on processed food prices. Meanwhile, producer inflation accelerated much more sharply at 9.1%.

This disparity reflects that businesses are still absorbing higher costs themselves. While the pass-through of costs to consumers is expected to become more pronounced in the coming period, it will be limited amidst low economic growth, which is pressuring business profitability, especially for SMEs. Furthermore, business dynamics have deteriorated, with a contraction in new business openings and an increase in business closures during the first four months of the year. Business and consumer confidence has continued to decline sharply since March. The number of foreign tourists contracted by -7% in April and -3% in the first 17 days of May. Overall exports showed strong growth of 18.7% in March, but this was concentrated in electronics. (But the Middle Eastern market contracted by -57.1%) while imports accelerated by 35.7%, resulting in a trade deficit in the first quarter of the year.

SCB EIC has revised its 2026 Thai economic growth forecast upwards to 1.7% (from 1.4%), but noted that growth is concentrated in sectors benefiting from the AI ​​and digital trends. Key factors in this revision include:

1) The 400 billion baht loan decree is expected to contribute approximately 0.6% to economic recovery this year, based on the assumption that 274 billion baht will be injected into the economy: 198 billion baht from support programs (such as “Thai Helps Thai Plus”), expected to alleviate short-term cost of living pressures starting in June, and approximately 76 billion baht from the clean energy transition program, expected to begin spending in the third and fourth quarters;

2) Exports and investment are projected to improve following the positive momentum in the first quarter, and the value of investment approvals and certificates issued by the BOI remains high, particularly in the AI ​​and data center sectors; and

3) Import values ​​are expected to increase significantly, partly reflecting the impact of rising import prices. In particular, the price of global crude oil;

4) The estimate of foreign tourists in 2026 has been revised down to 31.7 million (from 33.2 million) due to reduced flights and higher ticket prices, while tourist confidence has decreased due to concerns about safety and the fragility of purchasing power.

Thailand’s economic growth rate is projected at 1.7% this year, a significant slowdown from the 2.4% projected for 2025 and the 2.9% projected for 2024. This reflects existing economic vulnerabilities and additional pressure from the conflict in the Middle East. The average annual inflation rate for 2026 is projected to accelerate beyond the target range of 3.6%, up from a negative -0.1% in the previous year, reflecting the pressure from the war on higher production costs.

The Monetary Policy Committee (MPC) is likely to maintain its policy interest rate at 1% throughout the year, following the prolonged conflict in the Middle East and the increasing role of fiscal policy in supporting the economy.

SCB EIC projects that the Monetary Policy Committee (MPC) is likely to maintain its policy interest rate at 1% throughout the year. The prolonged conflict in the Middle East is expected to keep headline inflation above the target range for the remainder of the year. Meanwhile, the gradual implementation of fiscal policies to mitigate the impact of the war will help support domestic demand to some extent, reducing the need for the MPC to further cut interest rates to prop up the economy, especially given the limited policy space available. It is anticipated that measures to assist retail borrowers and improve SME access to credit will play a more significant role in addressing the economic impact in the coming period.

The global economy is expected to slow down somewhat in 2026 due to pressures from war, while major central banks are unable to further ease monetary policy.

SCB EIC maintains its global economic growth forecast at 2.5% in 2026. Most major economies performed well in the first quarter, driven by AI investment, while the conflict in the Middle East has not yet had its full impact. Looking ahead, the global economy is expected to slow down due to the prolonged nature of the conflict, which will keep energy prices high for an extended period, pressuring production and consumer purchasing power. SCB EIC believes the Eurozone and Japan will be significantly impacted due to their high dependence on energy imports. Meanwhile, the US economy is expected to continue growing strongly, supported by AI investment and improved labor market stability . The Chinese economy is projected to maintain growth driven by manufacturing and exports, particularly the accelerating demand for alternative energy products such as batteries and solar panels.

Major central banks will be waiting for clarity on the war situation and may not be able to further ease monetary policy this year. The U.S. Federal Reserve (Fed) is likely to keep its policy interest rate at 3.5-3.75% throughout the year (previously expected to cut once) due to higher inflation risks and improved labor market prospects . The European Central Bank (ECB) is likely to raise interest rates once to 2.25% (previously expected to remain unchanged) to anchor inflation expectations, but the ECB may be unable to raise rates significantly due to the fragility of its economy . The Bank of Japan (BOJ) is likely to raise interest rates once to 1.0% this year (previously expected to raise them twice), focusing on the potential for a slower economic growth due to the war’s impact. Overall, global financial conditions will tighten, and the prolonged war will put significant pressure on global government bond yields to rise.

The upward revision of Thailand’s 2026 economic forecast reflects the significant role of fiscal policy in supporting the economy, rather than recovery driven by structural factors. This makes the Thai economy remain vulnerable to external risks, particularly war, and rising energy and raw material costs for the remainder of the year.

Other People are Reading

This is the forum for daily political discussion on Seeking Alpha. A new version is published every market day.

Please don’t leave political comments on other articles or posts on the site.

The comments below are not regulated with the same rigor as the rest of the site, and this is an ‘enter at your own risk’ area as discussion can get very heated. If you can’t stand the heat… you know what they say…

More on Today’s Markets:

Moderation Guidelines:

We remove comments under the following categories:

• Personal attacks on another user account
• Anti-Vaxxer or covid related misinformation
• Stereotyping, prejudiced or racist language about individuals or the topic under discussion.
• Inciting violence messages, encouraging hate groups and political violence.

Regardless of which side of the political divide you find yourself, please be courteous and don’t direct abuse at other users.

For any issue with regards to comments please email us at : moderation@seekingalpha.com.

Seeking Alpha’s Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

NEW YORK — Navitas Semiconductor Corp. shares advanced 0.94% to $25.32 in morning trading on Monday, reflecting continued investor interest in the company’s gallium nitride (GaN) power semiconductor solutions amid expanding applications in data centers, electric vehicles and consumer electronics.

The modest gain occurred in a generally positive session for semiconductor stocks, as broader market sentiment remained supportive of technology names tied to artificial intelligence infrastructure and energy efficiency. Navitas, a leader in next-generation power electronics, has positioned itself at the intersection of high-growth markets where faster, smaller and more efficient power conversion is increasingly critical.

Navitas specializes in GaN power ICs that offer significant advantages over traditional silicon-based solutions, including higher switching speeds, lower energy losses and reduced size. These characteristics make GaN technology particularly valuable for fast-charging adapters, data center power supplies, solar inverters and electric vehicle systems. The company’s platform approach integrates power, analog and digital functions on a single chip, simplifying design for customers while improving overall system performance.

In recent quarters, Navitas has reported strong revenue growth driven by adoption in mobile chargers, notebooks and data center applications. The company’s technology is increasingly specified by major consumer electronics brands and hyperscale data center operators seeking to reduce energy consumption and thermal management challenges in AI server racks. As AI training and inference workloads surge, efficient power delivery has become a key bottleneck that GaN solutions help address.

Analysts have highlighted Navitas’ potential to capture market share in the rapidly expanding power electronics sector. GaN adoption is accelerating as industries prioritize energy efficiency and compact designs. The company’s partnerships with leading foundries and its expanding portfolio of integrated solutions provide a competitive edge in a market projected to grow significantly over the coming years.

For investors, Navitas represents a high-growth play in the semiconductor value chain. While still a relatively small company compared to industry giants, its focus on a differentiated technology with broad applicability has attracted attention from growth-oriented funds. The stock’s performance reflects both enthusiasm for its long-term potential and the inherent volatility of early-stage semiconductor innovators.

The current share price movement fits within normal daily fluctuations and does not necessarily signal a major trend reversal. It reflects steady buying interest in a stock that has experienced significant volatility since going public. Navitas’ market capitalization and trading patterns remain typical for a growth-stage technology company in a competitive industry.

Broader semiconductor market context shows strength in areas tied to AI infrastructure, data centers and power management. Navitas’ GaN platform aligns well with these trends, offering customers tangible benefits in efficiency and power density that translate into competitive advantages for end products.

Looking ahead, Navitas is expected to continue ramping production and expanding its customer base. Upcoming earnings reports and technology updates will be closely watched for evidence of sustained design wins and margin improvement. The company’s ability to scale manufacturing while maintaining technological leadership will be critical for long-term success.

Risks include intense competition from established silicon players transitioning to wide-bandgap technologies, potential supply chain disruptions and the capital-intensive nature of semiconductor development. As a smaller company, Navitas must execute efficiently to maintain momentum against larger, better-resourced competitors.

For long-term investors, Navitas offers exposure to secular trends in electrification, renewable energy and AI infrastructure. Its technology addresses real pain points in power conversion, positioning it favorably as industries transition to more efficient solutions. However, the stock’s volatility requires careful risk management and a patient investment horizon.

Analysts generally maintain constructive views on the company, citing its differentiated technology and growing addressable markets. Price targets reflect optimism around market share gains, though execution and competition remain key variables to monitor.

Navitas continues investing in research and development to expand its portfolio and improve device performance. Recent product introductions target higher-power applications, broadening its reach beyond consumer electronics into industrial and automotive segments.

The semiconductor industry’s shift toward compound materials like GaN and silicon carbide (SiC) represents a multi-year opportunity. Navitas’ focus on GaN gives it a specialized position in this transition, with potential for significant growth as adoption accelerates across multiple end markets.

Monday’s trading added to positive sentiment around the stock but also highlighted the need for sustained catalysts to support higher valuations. As the company advances its roadmap, future performance will depend on successful customer adoption and operational scaling.

Investors evaluating Navitas should consider individual risk tolerance, portfolio allocation and time horizon. The company offers high-growth potential in attractive markets but carries risks typical of semiconductor innovators, including technological shifts, competitive pressures and execution challenges.

Overall, Navitas Semiconductor maintains a solid position in the fast-evolving power electronics landscape. Its GaN technology platform, expanding customer relationships and alignment with major industry trends provide a compelling foundation for growth. While near-term volatility is likely, the company’s focus on energy-efficient solutions positions it favorably for long-term success in an increasingly electrified and AI-driven world.