‘Underpriced’ SMEs make an attractive investment
Even as larger companies that launched initial public offerings saw their stock prices crashing upon debut, an RBI study finds that IPOs launched by SMEs preceded by a boom market period are more underpriced making a case for more equity funding for SMEs.
Wall Street climbs, adding to recent gains as megacaps rise
The Fed since March has delivered a stiff set of interest rate increases in an effort to battle inflation. Some investors have worried that an aggressive pace of rate hikes by the U.S. central bank could push the economy into recession.
Core inflation above tolerance band, another rate hike likely
Inflation measured by the consumer price index (CPI) eased to 6.7% in July, from 7% in June, but was primarily led by volatile components such as vegetables, edible oil, gold, silver, petrol and diesel.