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Shadowfax Technologies is set to raise 1,000 crore through a fresh issue and 907.3 crore via an offer for sale in its upcoming IPO. The e-commerce logistics firm has seen significant market share growth and improved profitability, though revenue concentration with one client remains a concern.
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The Securities and Exchange Board of India (Sebi) is proposing to scrutinize market indices heavily used by mutual funds, particularly those with over 20,000 crore in assets. A new framework will identify 'significant indices,' requiring their providers to register with Sebi. This move aims to enhance investor protection by bringing key benchmarks under regulatory oversight.
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News and Media
Wipro shares plummeted over 8% on Monday following a disappointing fourth-quarter growth outlook provided by the IT services firm. The company reported revenue of 23,556 crore for the quarter ended December 31, with modest sequential and year-on-year increases. Analysts expressed concern over the management's guidance, leading to a significant drop in the stock price.
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