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Belrise Industries has set the price band for its Rs 2,150 crore IPO at Rs 8590 per share. The issue opens on May 21 and closes on May 23. The auto parts maker will use Rs 1,618 crore to repay debt. The IPO comprises a fresh issue of 23.89 crore shares and will be listed on May 28.
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News and Media
UK Prime Minister Keir Starmer is hosting EU chiefs for a summit, the first since Brexit, aiming to strengthen relations. Discussions are centered around a potential defense pact amid European security concerns, complicated by fishing rights negotiations.
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News and Media
Zomato and Swiggy shares increased as they removed the rain surcharge waiver from membership programs, impacting even paying subscribers. This move aims to support delivery partners during adverse weather and enhance profitability, especially with losses in quick commerce. Zomato's food delivery EBITDA rose 55% YoY, while Swiggy's jumped fivefold, highlighting the sector's importance.
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News and Media
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