Rubicon Research secured Rs 140 crore from TIMF Holdings and 360 ONE funds before its IPO. General Atlantic Singapore RR Pte transferred shares in this deal. General Atlantic remains the majority shareholder. The company plans to launch its IPO by the end of this year. Proceeds will be used for debt repayment and acquisitions.
Fed Governor Michael Barr signals more rate hikes needed to tame inflation
Federal Reserve Governor Michael Barr announced that additional rate hikes may be necessary to manage inflation. He indicated that while economic growth is strong, inflation