Ajax Engineering plans to raise up to Rs 1,269.4 crore through an IPO. Kedaara Capital will sell its entire 6.5% stake. The company’s promoter group stake will decrease to over 82%. Ajax leads the market for self-loading concrete mixers and benefits from growing infrastructure needs in India.
India may cut tariffs on 30 items imported from US to prevent higher reciprocal tariffs: Nomura
India is considering reducing tariffs on more than 30 items and increasing purchases of US defence and energy products to avoid higher reciprocal tariffs from