The repo rate, at which the central bank lends to banks, was raised to 5.4% from 4.9%. All other rates, including the penal Marginal Standing Facility rate, move up by an identical margin. The six-member Monetary Policy Committee (MPC) voted unanimously to raise the rate.
Allied Engineering Works files IPO papers; seeks to raise Rs 400 cr via fresh issue
Smart energy meter manufacturer Allied Engineering Works has filed preliminary papers with the markets regulator Sebi to garner funds through an initial public offering (IPO).