Even as larger companies that launched initial public offerings saw their stock prices crashing upon debut, an RBI study finds that IPOs launched by SMEs preceded by a boom market period are more underpriced making a case for more equity funding for SMEs.
IndusInd Deputy CEO Khurana quits over accounting lapses
IndusInd Bank’s Deputy CEO, Arun Khurana, resigned amidst a Rs 1,959.98 crore loss from misaccounted derivative trades. This follows the bank’s announcement of corrective actions