Brainbees Solutions, owner of the popular retail platform FirstCry, launched a ₹4,193 crore IPO with new shares and existing shares being sold by institutional investors like Softbank. The funds raised will help expand retail stores and warehouses. Despite being loss-making, the company has shown significant revenue growth, indicating strong business potential.
Japan’s tariff relief sends positive signal to global markets: Steve Englander
Markets are reacting positively to the US-Japan tariff deal, particularly the Nikkei. Investors were overly pessimistic, and the agreement, involving significant Japanese investment in the