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.
RBI relaxes rules on current, CC and OD accounts; threshold raised to ₹10 crore
The Reserve Bank of India has relaxed norms for business accounts. Customers can now open current, cash credit, and overdraft accounts more easily. The aggregate