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Pakistan’s government is moving swiftly toward integrating cryptocurrency into its

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Pakistan’s government is moving swiftly toward integrating cryptocurrency into its financial ecosystem, aiming to bring digital currencies into mainstream banking, forex operations, and gold trading, according to a Wednesday media

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Nayara’s lawyer told a New Delhi court today that the services have been restored by Microsoft. EU sanctions on Russia: Global IT giant Microsoft has restored IT services to Russia-backed

VCG | Visual China Group | Getty Images Google on Wednesday said it will sign the European Union’s guidelines on artificial intelligence, which Meta previously rebuffed due to concerns

Reliance Consumer Products Ltd (RCPL), the FMCG arm of Reliance Retail Ventures, is in early-stage discussions to acquire a majority stake in Shunya, the premium zero-sugar fruit drink brand owned

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Pakistan’s government is moving swiftly toward integrating cryptocurrency into its financial ecosystem, aiming to bring digital currencies into mainstream banking, forex operations, and gold trading, according to a Wednesday media

The EU sanctions against Russia are expected to have significant implications for Indian refiners, according to a recent ICRA report.On July 18, the EU implemented its 18th sanctions package against

Nayara’s lawyer told a New Delhi court today that the services have been restored by Microsoft. EU sanctions on Russia: Global IT giant Microsoft has restored IT services to Russia-backed

Reliance Consumer Products Ltd (RCPL), the FMCG arm of Reliance Retail Ventures, is in early-stage discussions to acquire a majority stake in Shunya, the premium zero-sugar fruit drink brand owned

Access Denied You don’t have permission to access ” on this server. Reference #18.4cfdd417.1753860396.c63d64d Source link

The Asian Infrastructure Investment Bank (AIIB) plans to increase its investment exposure in India from $12 billion to $16-17 billion over the next two to three years. This expansion is

Shadowfax files for Rs 2,500 crore IPO through confidential route

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Shadowfax files for Rs 2,500 crore IPO through confidential route

MUMBAI: Shadowfax has filed draft IPO papers with markets regulator Sebi through the confidential filing route. The company is seeking to raise up to Rs 2,000-2,500 crore comprising a mix of fresh issue of shares and offer for sale (OFS) by existing shareholders, sources said. The Flipkart and TPG backed logistics startup which was last valued at $712 million or about Rs 6,000 crore is eyeing an IPO valuation of about Rs 8,500 crore.Startups are rushing to Dalal Street after a recovery in stock markets opened up the IPO window for companies. Over the past few days, Pine Labs, Wakefit and Curefoods filed draft IPO papers with SEBI with many more in the queue. Meesho, for instance, has already secured shareholder nod to file for IPO and is expected to go through the confidential route. The trend of confidential IPO filings has picked up pace among startups as it allows them to keep their business metrics private in a competitive market. “The renewed buoyancy in secondary markets on the back of the easing geopolitical tensions is leading to this (IPO) resurgence. Investors, should, however, keep in mind that a flurry of issues also quite often pushes through IPOs of companies which come to market at valuations that are unreasonable and end up struggling post listing. They must be discerning to assess the quality of the business and valuations at IPO,” said an investment banker.Shadowfax plans to deploy the IPO proceeds to expand capacity and boost growth. E-commerce segment accounts for the bulk of the startup’s business. The company joins a batch of startups including PhysicsWallah, Urban Company, Groww and Meesho that are eyeing a public listing by this financial year.





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