Two Gujarat-based companies have submitted draft IPO papers to Sebi. Surat’s Cosmic PV Power plans to raise ₹640 crore through a fresh issue and OFS. Vadodara’s Gujarat Victory Forgings has also filed for an IPO, comprising a fresh issue and an offer for sale.
India doubles down on curbing rupee speculation after initial steps fall short
The Reserve Bank of India has intensified its crackdown on rupee speculation, now targeting corporate arbitrage after initial measures on banks proved insufficient. New rules