The previous six months were tumultuous for the primary market, with the regulatory approval for 25 initial public offerings (IPOs) expiring. Four companies have withdrawn their offer documents while those of another seven have been returned by the regulator during the period. These companies were hoping to cumulatively raise over Rs 60,000 crore. Regulatory approval […]
Flipkart Internet, the marketplace arm of Walmart-owned e-commerce giant Flipkart, posted a 50% growth in its logistics segment — the largest by revenue, helping the company boost its topline and cut losses by 9% during financial year 2022-23. The arm posted a loss of Rupees 4,027 crore in FY23, slightly lower than Rupees 4,420 crore […]
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