Renol Polychem’s IPO is set to launch on Thursday. Investor confidence is high, supported by robust financial performance. The IPO aims to raise Rs 26 crore through a fresh issue of shares. Anchor investors have already committed Rs 4.03 crore. The funds will be used for capital expenditure, working capital, and debt repayment.
US inflation tops 4% for first time in three years, keeping Fed hike in play
US inflation climbed to 4.1% in May, driven by rising energy prices, keeping the Federal Reserve’s interest rate hike plans on the table for September.