Analysts are divided on BHEL’s ₹4,422 crore offer for sale, with caution on valuation but optimism over its order book. While short-term investors may see no immediate upside, those with a medium to long-term horizon could find merit in bidding. The OFS is seen as a divestment exercise rather than a rerating trigger.
RBI mandates payment of inward remittances on same business day
The Reserve Bank of India is speeding up money transfers from abroad. Banks must now credit foreign payments to accounts on the same business day.