Hyundai India’s IPO is the biggest upcoming IPO, aiming to raise over Rs 27,000 crore. Two other SME IPOs and three listings are also scheduled. Garuda Construction IPO received 7.55 times subscription. The IPO pipeline for the second half looks promising with 26 companies proposing to raise Rs 72,000 crore.
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