Kids-focussed omnichannel retailer Firstcry reportedly plans to withdraw its draft red herring prospectus (DRHP) filed with the Securities and Exchange Board of India (SEBI) and file new IPO papers later next week. Citing sources, Moneycontrol reported that the startup will now refile the DRHP with updated financial numbers and key performance indicators from the quarter ended December 2023.
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Namibia’s oil potential could one day match Guyana, where big discoveries have sparked an economic transformation and set the world’s biggest companies jostling for position. There’s a “big chunk of oil” in waters off Namibia, said Patrick Pouyanne, chief executive officer of TotalEnergies SE, which alongside several other companies has made significant discoveries in the African country.
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The RBI has once again directed payments platform TalkCharge Technologies to cease operation and issuance of its prepaid payment instruments (PPIs) and refund the remaining amount lying in these wallets to customers. Earlier this month, the central bank cracked down on the company for offering PPIs on its website and app without obtaining the requisite certificate of authorisation.
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