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ICRA Assigns "1" to Proposed IPO of Chemcel Biotech Limited

ICRA has assigned an IPO Grade 1 to the proposed initial public offering of Chemcel Biotech indicating poor fundamentals. ICRA assigns IPO gradings on a scale of IPO Grade 5 to IPO Grade 1, with Grade 5 indicating strong fundamentals and Grade 1
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Spanish manufacturer CIPSA Circuits to invest US$ 15 million in India

Along with IT and Biotech, Bangalore has also attracted investments in the manufacturing sector. Major Spanish manufacturer CIPSA Circuits, plans to invest close to US$ 15 million in India in phases. Headquartered in Barcelona CIPSA is one of the