Pine Labs may shift $500-m IPO to India

Abandoning the plan to list on Nasdaq, Pine Labs, a digital payments firm backed by Sequoia India and Mastercard, is now looking to launch its $500-million initial public offering (IPO) in India, persons aware of the development said. Pine Labs will do both a primary fund-raise and a secondary share sale in which Sequoia Capital […]

PM Modi to launch Bengaluru-Coimbatore Vande Bharat Express today; aims regional connectivity, trial run takes around 5 hours 45 minutes to cover the distance 

Karnataka is all set to get its fourth Vande Bharat Express train that will connect Bengaluru and Coimbatore, enhancing connectivity in the states of Tamil Nadu & Karnataka. It will be the second Vande Bharat Express between the two southern states. One such train operates between Chennai, Bengaluru, and Mysuru.According to Bengaluru Central MP PC […]

Rating: buy; Shoppers Stop: Pvt labels in focus

Shoppers Stop’s (SHOP) revenue performance  has been in line with the expectations of both the author and the consensus. SHOP is focusing on key growth vectors, including private label, beauty, loyalty programmes, retail expansion, re-innovation, and technology, and has been successful in delivering on these areas. The highest-ever gross margin of 43%, which is higher […]

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