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Prestige Hospitality Ventures, the Prestige Group's hospitality arm, has received SEBI approval for its 2,700 crore IPO. The IPO includes a fresh issue of shares and an offer for sale by Prestige Estates Projects. Proceeds will be used for debt repayment, acquisitions, and general corporate purposes, reflecting confidence in India's premium hospitality sector.
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Hot products like a Minecraft-themed meal helped McDonalds turn around its sagging sales in the second quarter.
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The firm behind Myprotein and Cult Beauty will take a hit to get a bigger share of the popular market.
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