Nephrocare Health Services, known as NephroPlus, plans to raise funds through an IPO. The IPO includes fresh shares and an offer for sale. Funds will be used for new dialysis clinics and debt repayment. The company is a major dialysis services provider in Asia. It has clinics in multiple countries. ICICI Securities and other firms are managing the IPO.
Market expects one more rate cut as inflation stays benign
Indian economists and bond market experts expect another quarter percentage point cut in policy rates. This follows the Reserve Bank of India’s recent rate reduction