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Think Investments has invested over Rs 136 crore in PhysicsWallah. This funding comes ahead of the edtech company’s upcoming IPO next week. PhysicsWallah is preparing to launch its Rs 3,480 crore initial public offering. The IPO opens on November 11 and closes on November 13. Proceeds will fund expansion and growth initiatives.
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Sebi has cautioned investors against unregulated online platforms offering digital gold products, stating that these are neither classified as securities nor regulated commodity derivatives. Such investments carry significant counterparty and operational risks and fall outside the regulator’s investor protection framework, unlike Sebi-regulated gold ETFs and EGRs.
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Foreign institutional investors (FIIs) offloaded consumer-centric stocks worth Rs 9,477 crore in October, even as they poured Rs 13,279 crore into the financial space, data from ACE Equity showed. Interestingly, the selling in consumer stocks came despite the rollout of GST 2.0, a tax reform aimed at boosting consumption.
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The combined market valuation of seven of the top-10 most valued firms eroded by Rs 88,635.28 crore in a holiday-shortened last week, with Bharti Airtel and Tata Consultancy Services taking the biggest hit, in line with the weak trend in equities.
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