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.
US Stock Market | Unexpected job losses, rise in unemployment rate fan US labor market doubts
America’s job market saw an unexpected decline in February. Nonfarm payrolls dropped, and the unemployment rate climbed to 4.4 percent. This development presents a challenge