Vishal Mega Mart shares are set to debut on Wednesday with an expected premium of over 28%. Strong demand from institutional investors propelled the offer, despite being entirely an OFS. Analysts predict a decent listing gain of 20-25%, advising profit-booking for short-term investors while encouraging long-term holding.
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