Azim Premji-backed FabIndia seeks Rs 3,700 crore in IPO

Mumbai, 7/12:FabIndia, a retailer of clothing and furniture inspired by traditional Indian crafts, plans to file preliminary documents for an initial public offering of as much as $500 million (approximately Rs 3,700 crore), according to people familiar with the matter.   The Delhi-based company, whose backers include PremjiInvest, the family office of Wipro Ltd. founder…

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Vaccine order not received from Centre, will reduce production of Covishield by 50%: Adar Poonawalla

New Delhi, 7/12:Serum Institute of India CEO Adar Poonawalla has decided to reduce the production of Covishield vaccine by at least 50 percent from next week. He has told that the pharmaceutical firm does not have any further orders from the Center for the Covid-19 vaccine. He said that we are in touch with various…

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NHRC sends notice to Centre, Nagaland on killing of civilians

Nagaland, 7/12:The National Human Rights Commission (NHRC) on Monday issued notices to the Centre and the Nagaland government over reports of killing of civilians during an alleged “botched up operation” by the Army Para Commandos to target militants, officials said.     It triggered several incidents of arson, rioting and attack on soldiers and Assam…

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