Shares of Barflex Polyfilms are set to debut on the NSE SME platform with a 21% premium over the issue price, supported by strong investor response. Funds from the IPO will be utilized for capital expenditure and business expansion, aiming for significant growth in the flexible packaging materials sector.
RBI eases restrictions on cash credit accounts, eases current account norms
The Reserve Bank of India has lifted all restrictions on banks opening and maintaining cash credit accounts, offering greater flexibility for short-term working capital loans.