Identical Brains Studios’ ₹20 crore SME IPO opened for subscription on December 18 and closes December 20. The VFX studio offers shares at ₹51-54 apiece, with a GMP of ₹38. Proceeds will fund office renovations, a new Lucknow branch, and working capital.
FCNR(B) scheme has bought India 3-5 years, but $170 billion repayment cliff looms: Uday Kotak
Uday Kotak has described India’s $130-billion-plus FCNR(B) mobilisation as a “strong insurance policy” against global shocks, but warned that repayments including interest could reach $160-170