Billionbrains Garage Ventures, the parent of broking firm Groww, made a strong debut on the stock market. The company’s shares listed at a premium, surpassing initial expectations. The IPO saw significant subscription across investor categories. Groww’s market capitalization now stands considerably higher than its peers, indicating strong investor confidence in its future prospects.
Lenders may turn to OFCB route to raise more funds abroad
Indian banks are now shifting focus towards borrowing in overseas foreign currencies to meet their fundraising requirements. This strategic pivot comes in light of an