JSW Cement launches its Rs 3,600 crore IPO today. The IPO includes a fresh issue and an offer for sale. Shares are priced between Rs 139 and Rs 147. The IPO will close on August 11. Listing on NSE and BSE is expected on August 14. Proceeds will fund a new cement unit and debt repayment.
US inflation tops 4% for first time in three years, keeping Fed hike in play
US inflation climbed to 4.1% in May, driven by rising energy prices, keeping the Federal Reserve’s interest rate hike plans on the table for September.