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IPO-bound Flipkart has shifted its domicile to India, having secured government nod for an internal restructuring that now makes Flipkart Internet the holding entity of the Group.
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The NSE is set to appoint merchant bankers in March for its long-awaited IPO, reviving plans for a potential $2.5 billion offer for sale after years of regulatory delays and governance concerns.
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Aluminium prices hit four-year ​highs on Monday as fears ​of prolonged shipping disruptions in the Middle East due ​to the U.S.-Israeli war against Iran fuelled concerns about supplies of the metal.
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India’s XED ​Executive Development, which was slated to ​be the first company from GIFT City to go public, said on Monday it has rescheduled ‌its new ⁠public offering ⁠to March 16 due to the ongoing ​conflict in the Middle East region.
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Warburg Pincus-backed mortgage lender Truhome Finance ​has filed for ​a 30 billion rupees ($325 million) initial public ​offering, its draft prospectus showed on Monday.
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Wall ​Street’s ​main indexes opened lower ​on Monday, as soaring oil ‌prices ⁠heightened inflation worries, ⁠with ​the Middle East conflict ​entering its tenth day.
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