Crizac launches its Rs 860 crore IPO today. The IPO comprises an offer-for-sale of 3.51 crore equity shares. The price band is Rs 233–245 apiece. The IPO will close on July 4. Listing on BSE and NSE is expected on July 9. The company operates a B2B international education platform. It connects universities with global student recruitment agents.
RBI relaxes rules on current, CC and OD accounts; threshold raised to ₹10 crore
The Reserve Bank of India has relaxed norms for business accounts. Customers can now open current, cash credit, and overdraft accounts more easily. The aggregate