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Business
Infra.Market is a hamster wheel looking at a make-or-break IPO
The construction material supply firm’s scale and profitability may appear shiny, but hide a stark truth. Its use of equity to fund working capital is playing with fire when bigger fish are eyeing its business.
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Business
Rajiv Bajaj’s finance ambitions inside Bajaj Auto come to the fore
Bajaj Auto Credit is already driving profits for India’s second-largest two-wheeler maker. With a fundraise on the cards, the captive NBFC is entering the fast lane.
Business
After Jane Street, SEBI to examine Millennium, Citadel trades
Jane Street’s alleged manipulation should not overshadow the fact that there is a lot more to the affair. Besides the US trading firm, NSE also needs to answer questions.
Business
For equity investors, buy-at-any-price will fail
No matter how good a business, overpaying for a stock negatively impacts returns. Saurabh Mukherjea’s Marcellus is only the latest example of the perils of forgetting this timeless lesson.