Two Gujarat-based companies have submitted draft IPO papers to Sebi. Surat’s Cosmic PV Power plans to raise ₹640 crore through a fresh issue and OFS. Vadodara’s Gujarat Victory Forgings has also filed for an IPO, comprising a fresh issue and an offer for sale.
No need for a rate hike unless inflation spikes: Economists
Bank economists have told the Reserve Bank of India that there is no immediate need to raise the repo rate or change the monetary policy