Kalpataru, a Mumbai-based real estate developer, is launching on the Bombay Stock Exchange and National Stock Exchange. This follows its Initial Public Offering of Rs 1,590 crore. The IPO saw moderate subscription. Proceeds will be used to repay borrowings. Despite past financial losses, recent data hints at a turnaround. Analysts suggest cautious optimism for long-term investors.
Will RBI announce steep rate hikes? Nomura sees up to 50 bps increase by Dec, dismisses 125 bps hike fears
Nomura expects the RBI to pursue a limited tightening cycle, with a possible 50 bps rate hike by December, as food and energy pressures rise