Iran’s rial currency hit a record low of 1,043,000 against the U.S. dollar following a long holiday, exacerbated by ongoing tensions with Washington. The economic instability has led to increased hardships for the Iranian public and political turmoil, with internal conflicts over government spending and handling of the economy.
Allied Engineering Works files IPO papers; seeks to raise Rs 400 cr via fresh issue
Smart energy meter manufacturer Allied Engineering Works has filed preliminary papers with the markets regulator Sebi to garner funds through an initial public offering (IPO).