JSW Cement, a part of the JSW Group, is set to launch an IPO. The company aims to raise ₹1,600 crore through fresh equity. It will also raise ₹2,000 crore through an offer for sale. The funds will support a new Rajasthan unit and reduce debt. Post-IPO, promoter stake will decrease.
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.