MobiKwik is raising Rs 572 crore through an IPO to fund business expansion. The company offers online payment solutions and financial services. It has a large user base and strong growth in GMV. However, profitability remains a concern. Investors with a higher risk appetite and long-term horizon may consider the IPO.
Gold poised for weekly loss as US delays decision on Middle East involvement
Gold prices remained stable on Friday but are set for a weekly loss as President Trump delayed a decision on intervention in the Israel-Iran conflict.