Shares of fintech firm One MobiKwik Systems surged by 18.5% to Rs 524 on BSE on Wednesday, after listing at a strong premium of 58.5% at Rs 442.25. On the NSE, the shares were listed at Rs 440, reflecting a 57.7% premium over the issue price of Rs 279.
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