Paradeep Parivahan IPO was subscribed 1.5 times, mainly due to retail investors. Share allotment will be finalized today, and investors can check status via BSE or Bigshare Services websites. The company plans to raise Rs 45 crore for working capital by selling 45.78 lakh shares at Rs 98 each. Paradeep Parivahan provides port-related services at Paradip Port, Odisha.
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