Ajax Engineering plans to raise up to Rs 1,269.4 crore through an IPO. Kedaara Capital will sell its entire 6.5% stake. The company’s promoter group stake will decrease to over 82%. Ajax leads the market for self-loading concrete mixers and benefits from growing infrastructure needs in India.
Chicago Fed President Goolsbee rejects calls for Fed rate cuts to ease US debt burden
Chicago Fed President Austan Goolsbee rejected calls for interest-rate cuts to ease the US government’s debt burden, warning that such a move could fuel inflation