Wed, Jan 25, 2023 7:00 PM
Dow futures drop 200 points, Microsoft falls after earnings
A Flip by Shruti
The International Monetary Fund's executive board approved a $4.7 billion worth of support program for Bangladesh. Following this, the neighbouring country emerged as the first to access its new Resilience and Sustainability Facility (RSF). The funding consists of $3.3 billion under the IMF's Extended Credit Facility and Extended Fund Facility programs and $1.4 billion under the new RSF.
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DoorDash Inc.'s Chief Executive Tony Xu, Chief Technology Officer Andy Fang and Chief Product Officer Stanley Tang have decided to offload millions of shares in the company from February 2023. The three co-founders have unexercised stock options that expire on June 25, 2024, so they will sell up to 6.6 million shares among themselves. Following this, DoorDash shares plunged yesterday.
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FirstMeridian Business Services Limited has refiled its Draft Red Herring Prospectus (DRHP) with Sebi after it decreased its initial public offering (IPO) size to ₹740 crore from ₹800 crore planned earlier. Currently, the staffing company's maiden issue consists of fresh issuance of equity shares worth ₹500 crore and an Offer For Sale (OFS) of ₹690 crore.
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