The US economy entering a ‘technical recession’ is not good news for India and the world. But analysts said one should not see too much into the GDP print, as other data points in the world’s largest consumer economy still suggest resilience. If anything, the GDP print could persuade the Fed to go slow on the pace of rate hike. The data could also weaken the dollar, offering some respite to the rupee, and halt foreign equity outflows in the short term.
2 IPOs, backed by Vijay Kedia and Ashish Kacholia, booked over 10x each on Day 2
The IPO of TAC Infosec saw an overall subscription of 17 times so far on the second day of bidding. Radiowalla Network IPO got over