Accel-backed Urban Company has received shareholder approval for an IPO to raise up to Rs 528 crore. The IPO size, which was initially around Rs 3,000 crore has been readjusted. The revised size reflects current market conditions. The company aims…
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Investors are sitting on enough capital and big private equity (PE) funds are scouting for startup investments, but the correction in public markets have led them to renegotiate valuations, delaying closure of sizable deals, fund managers, investment bankers and consultants…
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British watchdog, Financial Reporting Council, has fined EY 4.9 million pounds for audit breaches related to Thomas Cook’s collapse in 2019. EY and Richard Wilson admitted serious lapses in assessing Thomas Cook’s financial statements for 2017 and 2018. The breaches…
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The risks include harm to farmer incomes, food security, biodiversity, public health, and the survival of small retailers, the Global Trade Research Initiative (GTRI) said.
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Members of a lending consortium have sued Byju Raveendran, his wife Divya Gokulnath, and Anita Kishore, alleging they misappropriated $533 million from a $1.2 billion loan. The lawsuit follows a Delaware court ruling on fraudulent transfers, seeking damages and an…
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The impact of the current tariff regime on Indian growth will be limited in the short term. Supply chains are sticky and cannot pivot overnight. But India stands to benefit in the long run as multinationals seek to de-risk production…
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