India’s IPO boom is increasingly funding debt repayment over growth initiatives. Data reveals that nearly a quarter of funds raised in recent share sales are allocated to paying off borrowings, surpassing capital expenditure. This shift suggests companies are prioritizing balance sheet repair and liquidity for insiders rather than investing in new projects.
Oil Price Today (May 1): Crude oil holds above $110/barrel. What lies ahead?
Oil prices stay above $110 a barrel as the Middle East conflict enters its second month. The Strait of Hormuz remains blocked, impacting global supply.