Aditya Infotech, a security products manufacturer, is planning an IPO. The company aims to raise funds through fresh equity and an offer for sale. New regulations are expected to benefit Indian manufacturers. Aditya’s financials show revenue growth. A recent acquisition boosted net profit. The company’s valuation and market position suggest it is suitable for long-term investors.
Banks unlikely to reduce deposit rates despite RBI easing
Following the latest repo rate decrease, bankers foresee only slight adjustments to deposit rates. The landscape, characterized by sluggish savings yields and elevated credit-deposit ratios,