Funding & Business
Prosus Doubles Stake in India’s Urban Company Ahead of $1.8 Billion IPO
Prosus NV has more than doubled its stake in Urban Company Ltd. ahead of the Indian startup’s listing, and is now one of the firm’s biggest shareholders, according to Prosus India Ecosystem head Ashutosh Sharma.
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Britain’s biggest housebuilder Barratt Redrow Plc warned that the period leading into the UK budget in November has introduced “additional risk” to home sales.
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Indian firms that make active pharmaceutical ingredients, or APIs, are gearing up to supply the basic ingredient that goes in making copies of Novo Nordisk A/S’s weight-loss drugs that are losing patent protection next year in several large markets.
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Australia’s strategic outlook is darkening because of intensifying great-power rivalry between the US and China, according to a senior government official.
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