The Drive Report: 2022 Range Rover

The evolution of the world’s greatest off-roading luxury yacht appears to have reached its zenith. Again.

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RBI rejects Paytm plea for payment aggregator licence

The central’s bank response also said that PPSL is required to take to re-submit its PA application with 120 calendar days, and outlined two steps to fulfil

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Toyota Innova Hycross unveiled in India; launch in January 2023

Toyota Innova Hycross had its global premiere last week in Indonesia. It is the first Innova model to ditch the diesel engine in favour of a petrol-hybrid powertrain.

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All-new Renault Duster based on CMF-B platform launching in India in 2024-25

A large chunk of this money is going to be funnelled into introducing a new platform in the country.

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Creanovation Technologies raises $2 million from Inflection Point Ventures

CTPL provides end-to-end technology support to educational institutes and platforms at various levels.

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Collateralised fund obligations: How private equity securitised itself

Stakes in hundreds of buyout groups’ companies have been bundled into investments with strong credit ratings

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Asia’s richest man makes a $5 billion bet to silence debt-obsessed critics

An equity injection of this size is expected to help the conglomerate deleverage and Bloomberg Intelligence sees a successful equity raise across the group supporting the companies’ dollar bonds.

from Moneycontrol Business News https://www.moneycontrol.com/news/business/asia’s-richest-man-makes365-billion-bet-to-silence-debt-obsessed-critics_16753941.html

USFDA designates Cipla#39;s Goa plant as #39;Official Action Indicated#39;

According to the US Food and Drug Administration (USFDA) definition, Official Action Indicated (OAI) means "objectionable conditions were found and regulatory administrative sanctions by FDA are indicated" during inspections.

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EvolutionX Debt Capital commits $35-40 million investment in udaan

While both the companies did not disclose the corpus, sources aware of the development said that the commitment is in the range of USD 35-40 million (about Rs 286-326 crore).

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Eli Lilly introduces medication for early stage breast cancer

The company has introduced Ramiven in strengths of 50 mg, 100 mg, 150 mg and 200 mg, for treating early breast cancer (EBC).

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Paytm’s 75% slump is world’s worst for large IPOs in a decade

The company, whose founder compared its challenges to those faced by Tesla Inc. shortly after the listing, has seen its stock erase 75% of its market value one year after its $2.4 billion offering, the largest on record at the time in India.

from Moneycontrol Business News https://www.moneycontrol.com/news/business/paytm’s-75-slump-is-world’s-worst-for-large-iposa-decade_16752331.html