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Detailed stories on technology startups, business and economic current affairs.
The six-decade old mattress maker files its draft IPO papers just as Wakefit wins approval for a public market debut—setting up a bruising battle for the No. 2 spot.

As India’s largest stock exchange heads to the public markets, it may need to rethink its excessive reliance on transaction revenue.
A public listing will help clean up the hospital chain’s balance sheet after the costly Sahyadri acquisition. But depressed metrics, integration risks and lofty valuations make this far from a clean turnaround story.
Many of its 186,000 eligible shareholders are unlikely to sell their stock in the upcoming offer-for-sale—opting to resist formal price discovery and wait it out instead.