PKH Ventures' IPO fails to get through https://ift.tt/dbM3C1g qualified institutional buyers' portion was undersubscribed at 0.11 times, while the non-institutional investor's portion was subscribed at 1.67 times. The retail portion was subscribed 0.99 times. The company had priced its shares at ₹140-148 apiece.
Government's cash surplus tops Rs 3.4 lakh crore https://ift.tt/54P3HSG from the deceleration in government spending, higher direct tax collections and a likely sharp rise in issuances of Treasury Bills by the Centre in FY24 were factors pushing up the government's cash balances, analysts said. The flow of government cash balances to and from the banking system is a key factor that influences liquidity conditions.
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