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Urban Company plans to raise 472 crore through fresh equity and 1,428 crore via offer for sale. While revenue grew 34.1% to 1,144.5 crore between FY23-FY25 and the company turned profitable in FY25, net profit dipped 45% in the June quarter. With a high P/E multiple of 62, the IPO is suitable for investors with high-risk tolerance.
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News and Media
The Securities Appellate Tribunal (SAT) has directed SEBI to explain why it withheld documents from Jane Street, a US trading firm accused of manipulating the Indian derivatives market. SAT has also halted in-person hearings in the case until further notice.
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News and Media
Infosys' share buyback announcement has historically boosted its stock performance, raising investor optimism. On Tuesday, Infosys shares surged 5% following the buyback declaration, with the Nifty IT index climbing 2.8%. This marks the IT firm's fifth buyback, aiming to counter a 20% stock decline this year amid US slowdown worries.
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News and Media
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