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In an open letter to Raymond’s five independent directors, IiAS urged the board members to investigate the accusations as the company’s stock has seen “significant erosion”.

Vague regulation and opportunistic ‘finfluencers’ have turned overseas investments into risky business for retail investors.
The department store chain’s only growth engine is powered by distribution, not stores—raising questions about sustainability and profitability.
Back-to-back strong quarters have reset expectations for the beauty and personal care company. Has the Mamaearth parent truly left its troubled past behind?