Economy
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How Meta took the lead in the race for the post-smartphone world
There are moments when you experience emerging tech for the first time, and it feels genuinely different. That’s the case the first time you put on a pair of Meta’s most advanced smart glasses, which project a high-resolution digital box inside the right lens and allow you—with the help of a smart wristband—to control objects…
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Why ASEAN’s coming digital economy trade agreement deserves your attention
At a time when much of the world is building digital walls, Southeast Asia is trying something more ambitious: building a digital bridge. Earlier this year, the Association of Southeast Asian Nations (ASEAN) concluded negotiations on the Digital Economy Framework Agreement, or DEFA—the world’s first comprehensive, region-wide agreement dedicated to the digital economy. The pact…
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Airtel Money eyes London listing via secondary OFS
Airtel Africa is exploring the possibility of listing its financial services division, Airtel Money, on the London Stock Exchange. This secondary offer for sale could represent the largest listing in the UK since 2021. The International Finance Corporation plans to act as a cornerstone investor, providing existing shareholders a chance to exit during this process.…
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WhiteOak Capital plans D-Street foray with Rs 1,500 crore IPO
WhiteOak Capital is gearing up for an initial public offering projected to raise ₹1,500 crore, potentially reaching a valuation of ₹9,000 crore. Established by Prashant Khemka in 2017, the firm oversees around $13 billion in assets. Following the recent trends set by alternative investment firms like Gaja Capital, Khemka has confirmed plans to go public;…
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NSE debut may not set D-St on fire, sparks to come later
NSE is set to debut on the stock market amid market expectations of moderate gains. Traders quote a grey market premium of around ₹83 per share, down significantly from earlier estimates. The IPO was subscribed 5.71 times, highlighting strong institutional interest despite expectations for lower listing gains. Strict supply rules could limit immediate trading shares,…
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15 Fun Facts About Netflix’s Upcoming Animated Feature, ‘Ray Gunn’
Netflix held its Ray Gunn Behind-the-Scenes day at its animation offices in Burbank this past summer — and here are a few things learned from that event.
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Morrissey, SUGAR, Angine De Poitrine Highlight Rainy Day At Riot Fest
Morrissey, Tool, SUGAR, Angine de Poitrine, Less Than Jake, John Lydon and Public Image Ltd and more made the best of shortened sets on a rainy day two at Riot Fest.
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Morgan Stanley’s Asia deal plans leaked in staffer’s email misfire
A Morgan Stanley staffer inadvertently shared an internal document listing more than 100 investment deals. The leaked list included potential initial public offerings in Asia, along with private equity partners and suspended projects. The incident arose from an email sent this week, which the staffer attempted to retract later. Morgan Stanley stated it takes client…
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Govt cuts edible oil duty to ease prices
The government has cut customs duty on various edible oils, which includes crude and refined oils. These changes aim to reduce import costs and potentially ease domestic prices. The reduced duties are effective from September 24, allowing businesses to benefit immediately. India, one of the largest edible oil importers, is sensitive to global commodity price…