PhonePe plans $1.5 billion IPO: Walmart-backed fintech eyes $15 billion valuation; files DRHP with SEBI

PhonePe plans $1.5 billion IPO PhonePe Limited filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) late Tuesday night, taking the confidential route.The company confirmed the development and said the filings were made in accordance with the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, reported ET.PhonePe…

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Boost in Telangana’s agro-industrial development: Rs 3,745 crore investment approved; Coca-Cola among MNCs to set up new plants

Rs 3,745 cr investment cleared by Cabinet pane (Image credits: ANI) In a major boost to both industry and agriculture in Telangana, the state’s Industrial Promotion Cabinet sub-committee has approved investments worth Rs 3,745 crore from three multinational companies. The projects are expected to generate direct employment for 1,518 people.Deputy chief minister Bhatti Vikramarka Mallu,…

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Beware of deepfake scams! Fraudsters using AI videos to push schemes promising unrealistic returns; red flags to watch out for

Scamsters insist on urgency – don’t act till you have verified the scheme’s credentials. (AI image) About 10 months ago, deepfake videos featuring Union Finance Minister Nirmala Sitharaman began circulating on social media. In these clips, her face and voice were digitally manipulated to make it appear as though she was personally endorsing a government-backed…

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Record cargoes: Russia’s crude exports climb to 16-month highs; refineries scale back due to Ukraine attacks

JPMorgan Chase & Co. estimates indicate that Russian refining operations have declined to under 5 million barrels daily. (AI image) Russia’s crude oil exports have climbed to a 16-month high at a time when its own refineries are reeling under drone attacks from Ukraine. Vessel-tracking data compiled by Bloomberg shows that the four-week average exports…

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‘We provide huge amount of talent’: Piyush Goyal amid Donald Trump’s H-1B fee hike; highlights clean energy potential

NEW DELHI: Union minister Piyush Goyal on Wednesday pointed out India’s contribution to US workforce and said “talent and innovation” of “Indian engineers and graduates” helps support America’s “growth plans.” The comments came amid ongoing H-1B visa chaos caused by the Donald Trump administration, categorically targeted at “low-cost foreign labour.”Speaking at the US-India Strategic Partnership…

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