Monarch Surveyors and Engineering shares debuted strongly. The listing occurred on the BSE SME platform with a significant premium. The IPO witnessed substantial oversubscription across all investor categories. The company provides civil engineering consultancy services. It serves clients in roads, railways, and other sectors. The company reported revenue and profit growth.
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,