RNFI Services’ shares launched with a 90% premium on NSE SME. The IPO saw an overwhelming response, being subscribed over 200 times. The company provides diverse fintech services across India, focusing on financial inclusion. India’s fintech market is set to grow from $50 billion in 2021 to $150 billion by 2025, with significant potential in assets under management and revenue.
Deficient monsoon risk rises, but macro impact on GDP expected to stay muted
India’s agricultural output and inflation face heightened concerns as the India Meteorological Department forecasts a stronger probability of deficient rainfall. However, the impact on agriculture