Edtech giant PhysicsWallah’s Rs 3,480 crore IPO opens Tuesday, priced between Rs 103-109. Despite mixed market sentiment for tech listings, the company boasts a strong brand and a profitable model, showing a significant financial turnaround. Analysts are divided, with some recommending a ‘subscribe’ and others urging caution.
Shifting Gears: PSBs borrow more to cater to credit demand as deposits lag
Public sector banks are borrowing more to fund lending expansion. Deposits are not keeping pace with credit growth for these banks. Private banks show stronger