Hy-Tech Engineers is preparing to launch its IPO. The company has filed its draft prospectus with SEBI. The IPO includes a fresh issue of shares up to Rs 700 crore. Promoters will also offer 1,19,33,120 equity shares for sale. The company plans to use the funds for expansion and debt repayment. The shares will be listed on BSE and NSE.
Global Market: Strait of Hormuz standoff may keep oil volatile, cautions Seth R Freeman
Global energy markets face fresh uncertainty as Iran signals potential closure of the Strait of Hormuz. This critical chokepoint, through which a fifth of global