Emerald Tyre Manufacturers’ ₹49 crore SME IPO opens today, closing December 9th. Priced at ₹90-95 per share, the NSE SME listing aims to fund capital expenditure. With a GMP of ₹75, the company, specializing in off-highway tires, reported ₹63 crore revenue and ₹4.13 crore profit as of July 2024.
Rupee likely to trade below 92/$ in case of long war: BoB
The Indian rupee faces pressure and may fall below 92 against the US dollar. A prolonged conflict between the US, Israel, and Iran could drive