Ahead of IPO, Updater Services raises Rs 288 crore via anchor placement https://ift.tt/ERN9zZY issue of the integrated facilities management (IFM) services provider will open for subscription on Monday and close on Wednesday. The price band for the IPO has been fixed at Rs 280-300 a share.
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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