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GABI and GCP Infra had also been having discussions with the RM Infrastructure trust over a potential combination of assets, but talks were scrapped at the start of September. 

Velocity has laid off around 14% of its workforce, the Bengaluru-based company's cofounder and chief executive Abhiroop Medhekar wrote in a blogpost on Friday. «Getting to profitability is an important priority for us and this restructuring is a crucial step in that direction. We’ve carefully restructured our organization to avoid redundancies,” he wrote.

Around 3,000 workers at Britain’s biggest steelworks face the prospect of losing their jobs as part of a government-backed package to make the plant “greener.”

Neumora Therapeutics, which is backed by Amgen and Japan's SoftBank, fell in their market debut on Friday, giving the company a market capitalisation of $2.51 billion. The Watertown, Massachusetts-based company's shares debuted at $16.50 per share on Nasdaq, below the offer price of $17 apiece.

Neumora Therapeutics, which is backed by Amgen and Japan's SoftBank, fell in their market debut on Friday, giving the company a market capitalization of $2.51 billion. The Watertown, Massachusetts-based company's shares debuted at $16.50 per share on Nasdaq, below the offer price of $17 apiece. The ongoing surge in listings points to a nascent recovery in the U.S. IPO market amid growing expectations of a pause in interest rate hikes by the Federal Reserve. Neumora, which is developing drugs for brain diseases, raised $250 million by selling 14.7 million shares priced at the mid-point of its previously disclosed range.

In an environment where investment company corporate governance is “under the microscope”, the analysts said the board “has fallen short here”.

₹45,000 crore healthy foods market in India. ITC had then said that it will acquire 100% of SFPL over a period of three to four years, with 47.5% stake to be bought in tranches by 31 March, 2025, and the balance to be acquired, subject to other conditions agreed to in the binding documents. Several startups are now selling foods for children, using millets such as ragi and oats using convenience and health as a plank to market these products.

The new Ethereum scaling network Layer N has raised $5 million in a seed funding round led by PayPal co-founder Peter Thiel’s Founders Fund and investment collective dao5.

Ahead of the issue opening, Zaggle garnered Rs 253.52 crore from 23 anchor investors at the upper price band of Rs 164 per equity share. Analysts remain mixed on the IPO, with few recommending to avoid it while others advising to bid for a short-to-medium-term view. «If we attribute FY23 earnings to the post-IPO fully diluted paid-up equity capital of the company, the asking price is at a P/E of 66.7 and we believe it to be priced aggressively. We, therefore, recommend an 'Avoid' rating for the issue,» StoxBox said. The price band for the IPO is fixed at Rs 156-164 per share and investors can bid for a minimum of 90 shares in one lot and in multiples thereafter. At the upper price band of Rs 164, Zaggle Prepaid is available at an adjusted P/E of 54.3x (FY23), which appears to be aggressively priced, said Geojit Financial Services. However, several factors contribute to its appeal, including a diverse client base spanning various industries, consistent revenue growth over the years, the company's expansion strategies, a diversified revenue model, and the flourishing digital payments sector, it added.

Samhi Hotels IPO: Samhi Hotels has raised ₹616.50 crore from anchor investors a day ahead of its IPO subscription opening for bidding. The initial public offering (IPO) will open for subscription on Thursday, September 14 and close on Monday, September 18. The Goldman Sachs-backed company has fixed the price band at ₹119 to ₹126 per share.

Stablecoin issuer Paxos has published the first transparency report for the Ethereum-based stablecoin PayPal USD (PYUSD), stating that the coin is fully backed by assets.

RR Kabel IPO: RR Kabel has raised ₹585 crore from anchor investors a day ahead of its IPO subscription opening for bidding. RR Kabel initial public offering (IPO) will open for subscription on Wednesday, September 13 and close on Friday, September 15. The TPG-backed company has fixed the price band at ₹983 to ₹1,035 per equity share of face value of ₹5 each for the issue.

For Simon Molnar, rumours of the death of the retail store have been greatly exaggerated.

Sovereign gold bond 2023: The second tranche of the sovereign gold bond 2023 has opened today and it will remain open for subscribers till 15th September 2023. This means interested investor can apply for sovereign gold bond scheme till Friday this week. The Reserve Bank of India (RBI) on Friday declared sovereign gold bond price at ₹5,923 per gm.

₹200 core club in just three days. Superstar Shah Rukh Khan's action thriller "Jawan" has raised ₹240.47 crore worldwide gross in two days, the makers said on Saturday.

Australian fintech firm Block Earner is charging ahead with plans to launch a crypto-backed loans product, despite staring down an upcoming court date with the financial regulator for allegedly offering financial products without a license. 

UK-based electric bus player Zenobe Energy is readying a push into the competitive grid-scale battery sector in Australia after raising about £870 million ($1.7 billion) from investors led by private equity giant KKR.

The company received approval from Sebi in the last week of August. The fresh issue size in the offer has been reduced to Rs 180 crore from Rs 225 crore earlier. The IPO also includes an offer for sale (OFS) segment of up to 1.72 crore equity shares.

Palau, a country in the western Pacific Ocean, is wrapping up its United States dollar stablecoin project after launching the pilot in August.

Stock market today: Three Tata group stocks — Indian Hotels Company, Tata Power and Tata Communications — have hit fresh 52-week high during Thursday deals. Two out of these three Tata group stocks, Indian Hotels Company and Tata Communications belongs to Rekha Jhunjhunwala portfolio. In Indian Hotels company Ltd, Rekha Jhunjhunwala owns 3,00,16,965 shares or 2.11 per cent stake whereas in Tata Communications Ltd Rekha Jhunjhunwala owns 52,34,687 shares or 1.84 per cent stake in the company (as per the shareholding pattern of the company for April to June 2023 quarter).

Mid-market private equity investor Seneca Capital is revving up to meet potential investors for its RV accessories maker and distributor Recreation Brands, which posted $60 million revenue and $10 million EBITDA in the 2023 financial year.