Updater Services, a leading integrated facilities management services provider, made its debut on the NSE at a 5% discount to the IPO price of Rs 300. The IPO, which raised Rs 640 crore, was subscribed 2.9 times overall. The company’s services cater to various sectors, including FMCG, manufacturing, BFSI, healthcare, and IT/ITeS. The net proceeds from the IPO will be used for working capital, debt repayment, and pursuing inorganic initiatives.
US dollar makes weekly gains on renewed trade deal optimism
The dollar is poised for a weekly gain against major currencies amid optimism surrounding potential U.S.-China trade talks, fueled by a recent U.S.-UK trade agreement.
May 10, 2025