Tag: FinancialNews
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Why Raymond Shares Are Plummeting by 40% Today: What Lies Ahead?
Raymond Ltd’s shares plummeted by 40% at the opening of the market on Thursday due to the demerger of the lifestyle business. The demerged business will now be listed separately on stock exchanges between August and September. Existing Raymond investors will receive four shares of Raymond Lifestyle for every five Raymond shares. Today marks the…
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Byju’s receives ED notice for forex violations amounting to Rs 9000 crore, as per reports.
Reports on Tuesday claimed that edtech start-up Byju’s has been issued a show-cause notice by the Enforcement Directorate (ED) over alleged Foreign Exchange Management Act (FEMA) violations worth Rs 9,000 crore. However, the company has refuted these claims, stating that it has not received any notice from the ED. Byju’s spokesperson has categorically denied media…