JSW Cement, a part of the JSW Group, is set to launch an IPO. The company aims to raise ₹1,600 crore through fresh equity. It will also raise ₹2,000 crore through an offer for sale. The funds will support a new Rajasthan unit and reduce debt. Post-IPO, promoter stake will decrease.
Oil Price Today (August 26): Crude oil tanks 6% in two days to hover near $85. What’s behind the decline?
Brent crude futures were down $2.35, or 2.65%, at $86 a barrel, while U.S. West Texas Intermediate crude futures fell $1.94, or 2.36%, to $80.42.