OFS in state firms returned between 25 and 500% in 11 companies of the 17 in which New Delhi chose this route to dilute ownership. Only one offer is presently trading below OFS price.
S&P 500 ended almost flat as Microsoft declined, while Meta Platforms recorded gains amid ongoing market fluctuations. Oil prices surged following geopolitical tensions and a
Philadelphia Federal Reserve President Anna Paulson indicated that additional interest rate hikes could be warranted to combat inflation. She stated that inflation remains persistently high,
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