Shares of State Bank of India (SBI) rose sharply after its subsidiary SBI Funds Management filed draft IPO papers with Sebi for a pure offer for sale of 20.37 crore shares. Proceeds will go to selling shareholders, including SBI and Amundi India Holding.
The yen remains steady as the Bank of Japan gears up for its expected interest rate policy decision. The dollar has slipped lower, responding to
Working-capital demand from banks has increased significantly due to the ongoing conflict in West Asia. Higher raw-material costs and elongated shipping timelines have led to
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