India’s primary market is set for a busy week with two SME IPOs. RFBL Flexi Pack and Goldline Pharmaceutical will open for subscription on May 12, aiming to raise close to Rs 47 crore. Investors can gain exposure to flexible packaging and pharmaceutical sectors. Tentative listings are scheduled for May 19.
Fed’s Jefferson urges patience on rates; Kashkari sees more hikes ahead
Federal Reserve Vice Chair Philip Jefferson stated that he sees no immediate need for further interest rate adjustments. He emphasized that future decisions would depend