The Jhunjhunwala family invested ₹195 crore in the Knowledge Realty Trust REIT IPO, set to earn ₹13.65 crore annually at a 7% projected yield, surpassing prevailing bank FD rates. Investor response has been strong, with the IPO subscribed 6.91 times.
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.