Prime Cable Industries is set to launch its IPO on September 22. The company aims to raise Rs 40 crore through fresh equity and an offer-for-sale. The IPO will close on September 24, with listing on September 29. The company will use the funds for capital expenditure, debt repayment, and working capital. Revenue rose 71% in FY25 to Rs 141.
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.