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MUMBAI: PhonePe has secured a go ahead from markets regulator Sebi for its IPO, people aware of the matter said. The Walmart-owned company is seeking to raise around Rs 12,000 crore ($1.3 billion) through an offer for sale (OFS). If it proceeds with a Rs 12,000-crore offer, it will be the second biggest Dalal Street…
NEW DELHI: Setting the stage for the world’s largest enumeration exercise, the Cabinet approved Rs 11,718 crore for conducting Census 2027, which will be in two phases and include a caste count for the first time. March 1, 2027 has been set as the reference date for the census. For snow-bound areas, it is Oct…
NEW DELHI: As Congress MP Rahul Gandhi slammed the rush in trains to Bihar, the railways reiterated it was running 12,000 special trains for Diwali, Chhath and Bhai Dooj to ease travel during the festive season. Rahul Saturday claimed on X that trains to Bihar are “packed, tickets are impossible to get, and the journey…
MUMBAI: Walmart’s PhonePe has filed draft IPO papers though Sebi’s confidential route, gearing up for a potential $1.2-1.3 billion (Rs 10,000-12,000 crore) listing early next year.The IPO which has been in the works for some time will be an offer for sale (OFS) meant to give exit to investors. PhonePe’s investors Tiger Global and Microsoft…
