Kross Ltd.’s IPO, which opened for subscription on Monday, has been subscribed 1.4 times by Tuesday. Retail investors led the demand, followed by non-institutional investors. The Rs 500 crore IPO includes a fresh equity sale and an offer for sale by promoters. Proceeds will be used to repay debt and fund growth.
Warsh’s gamble: A quieter Federal Reserve could mean volatile markets, higher rates
New Federal Reserve Chair Kevin Warsh is significantly reducing the central bank’s communication, particularly “forward guidance” on interest rates. This move, aimed at making markets