Ola Electric Mobility’s market debut was subdued, with its grey market price indicating a lower opening than its IPO range. The significant IPO was subscribed 4.27 times, yet analysts pointed to limited HNI interest. Experts recommend selling the stock upon listing due to uncertainty over the company’s near-term prospects.
Banks unlikely to reduce deposit rates despite RBI easing
Following the latest repo rate decrease, bankers foresee only slight adjustments to deposit rates. The landscape, characterized by sluggish savings yields and elevated credit-deposit ratios,