India’s overseas debt rises modestly to $627 billion as of end June

NRI deposits as reflected in debt from “Deposit-taking Corporations, except the Central Bank” increased 6.5 percent in the June quarter to $167 billion from $157 billion a year ago. While outstanding overseas borrowings as reflected in debt from “Non-financial corporations remained flat at $250 billion” remained flat at $ 250 billion over the period. The […]

Plaza Wires IPO to open on Friday. Here are 10 things to know about the offer

Plaza Wires, a fast-moving electrical goods company, is set to launch its IPO on September 29. The IPO consists of a fresh equity issue of 1.32 crore shares, with a price band of Rs 51-54 per share. The company aims to raise funds for setting up a new manufacturing unit, expanding its product portfolio, and […]