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Taurian MPS, a crushing and screening equipment manufacturer, launches its Rs 42 crore IPO today, aiming to list on the NSE SME platform on September 16. The IPO consists of a fresh issue of 24.87 lakh shares, with proceeds allocated for machinery, R&D, working capital, and general corporate purposes. While revenue surged, profit after tax slipped due to rising expenses.
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David Kennedy, who has been with the PC maker for 27 years, will serve in the interim role. He is currently senior vice president of Global Business Operations, Finance.
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Thousands had taken to the streets demanding that the government lift the ban and tackle corruption.
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